The report "Robotic process automation market is being employed in industries such as banking, financial services, and insurance; healthcare and pharmaceuticals; manufacturing and logistics; telecom and IT; retail and consumer goods; travel, hospitality, and transportation; energy and utility; government; and academic. The market for robotic process automation is estimated to reach USD 2,467.0 Million by 2022, at a CAGR of 30.14% between 2017 and 2022

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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"

Key market players include Automation Anywhere (U.S.), Blue Prism (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), and Pegasystems (U.S.). They have been focusing on new product launches, research and development, acquisitions, and collaborations to enhance their product offerings and expand their business.

“Robotic process automation market for healthcare and pharmaceuticals will likely grow at the highest CAGR between 2017 and 2022.”

The rise in terrorism along with political unrest in different regions in the world is propelling the need for security screening all over the world. Various government legislations are formed to enhance the security screening at airports, to strengthen the surface transportation security and global supply chain security, to protect critical infrastructure, and to detect and prevent biological, radiological, and nuclear threats across the globe. Government regulations play a major role in the development of security screening products. In the U.S, a large numbers of the customers are government agencies and the demand for explosive detectors is dependent on national priorities and governmental initiatives.

"Robotic process automation tools expected to hold the largest share of the robotic process automation market by type.”

Automation Anywhere (U.S.) offers its services within a variable price range, depending on the business operations of various industries. The company is completely self-financed and has a high-margin business revenue model with a large client base, including Tesco PLC (U.K.), Dell Inc. (U.S.), PricewaterhouseCoopers LLP (U.S.), Australia and New Zealand Banking Group (Australia), and General Motors Corporation (U.S.). Along with desktop automation, the company also focuses on the development of Testing Anywhere MOBILE—a multi-platform test automation solutions for Android and iOS.

“North America expected to dominate the robotic process automation market between 2017 and 2022.”

NICE Systems Ltd., provides robotic process automation solutions for contact centers, back office operations, and retail functions of various industries, including communications, banking, insurance, and healthcare, BPO, government, utilities, travel, and entertainment. NICE Systems spent USD 128.5 million on R&D in 2015. NICE provides robotic process automation services to financial institutions to prevent fraud and money laundering activities, and comply with regulatory guidelines. The company helps the BFSI industry to prevent real-time and cross-channel fraud and money laundering, and ensure brokerage compliance and enterprise-wide case management. Its solutions monitor millions of financial transactions on a daily basis and enable organizations to reduce the risk of financial crime, improve compliance, and lower operational costs.

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Other companies in the robotic process automation market are Redwood Software (U.S.), Celaton LTD (U.K.), UiPath (Romania), Verint (U.S.), and Xerox Corporation (U.S.).

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