According to Verified Market Intelligence, the Global Robotic Process Automation Market was valued at USD 677.88 Million in 2017 and is projected to reach USD 4,932.19 Million by 2025, growing at a CAGR of 28.3% from 2018 to 2025.
Robotic process automation is a form of technology that uses software by artificial intelligence (AI) and machine learning skills in order to handle the tasks that require human support to perform. It is capable of performing various tasks such as calculations, queries, maintaining records and transaction, data manipulation, communication with other digital systems and many more. This technology can interact with the existing IT design and does not require any complex system integration.
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Merging of robotic process automation with business processes, easy installation and growing demand for automation in different business have been driving the global robotic process automation market. While lack of data security and less potential in business processes that are based on knowledge might hinder the overall growth of the market at a global level.
The “Global Robotic Process Automation Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Automation Anywhere Inc., Blue Prism Group Plc, Be Informed B.V., Jacada Inc., and OpenSpan. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.