RPA provides scalability, along with decreasing the operational cost by about 50%, since RPA can work around the clock. As suggested by a report by P&S Intelligence, the global robotic process automation market is predicted to attain a revenue of $46.0 billion by 2030, rising from $1.6 billion in 2019, progressing at a 36.3% CAGR during the forecast period (2020–2030). Different types of RPA processes are interaction solution, automated solution, and decision support & management, among which, the demand for automated solution was the highest in the past. ​​​​​​​

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-market/report-sample

This is due to the increasing efforts by companies for automating their basic processes and operations, including data entry, verifying information for automatic rejections or approvals, uploading scanned documents, and handling customer queries. In addition to this, RPA solutions further allow enterprises to decrease their operating costs, as they execute high-volume repetitive tasks with zero error rate.

Other than this, the demand for decision support and management process is also projected to rise considerably in the near future, as this process allow robots to make decisions and follow business rules with enhanced accuracy, i.e. without introducing technical debt in an organization. A number of industries are making use of RPA solutions, namely healthcare and pharmaceuticals, banking, financial services, and insurance (BFSI), manufacturing, telecom and IT, and retail & consumer goods. Out of all these, the BFSI industry made the most use of RPA solutions in the past.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=robotic-process-automation-market

BFSI companies face various challenges, such as fragmented and expensive IT environments and complex back and middle-office processes. RPA solutions make these processes of copying and pasting data and filling forms automated. Apart from this, the healthcare and pharmaceuticals industry is also predicted to make considerable use of these solutions in the years to come.

In conclusion, the demand for RPA solutions is growing due to the increasing need for virtual workforce in enterprises.