MarketsandMarketsTM research report "Robotic Process Automation Market Industry, and Geography - Global Forecast to 2022", published by MarketsandMarketsTM . The robotic process automation market is expected to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022. The growth of this market is mainly driven by the ease in business processes with the installation of robotic process automation; and convergence of robotic process automation with traditional business processes.
Robotic Process Automation (RPA) Conference, Singapore
Robotic process automation (RPA) technology is the next frontier for businesses looking to streamline processes, increase productivity and ultimately improve the bottom-line. RPA typically uses artificial intelligence to handle repetitive, rules-based, back-office tasks. And the market is about to experience a period of "explosive" growth. The RPA market grew 64 percent to $200 million last year and is expected to grow 70 to 90 percent by 2018 because successful pilot projects are inspiring buyer confidence in the technology, the consulting and research firm reports. KNOW MORE
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The new technologies such as artificial intelligence, and cognitive systems with robotic process automation; and high demand of robotic process automation in logistic industry are few major opportunities for robotic process automation market.
• Robotic process automation market for healthcare and pharmaceuticals will likely to grow at the highest CAGR during forecast period
• Robotic process automation tools expected to hold the largest market size of the overall robotic process automation market
• North America is expected to dominate the robotic process automation market during forecast year
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Browse 69 market data tables and 66 figures spread through 146 pages and in-depth TOC on "Robotic Process Automation Market - Global Forecast to 2022"
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