Enterprise Robotic Process Automation Market Scenario:
The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Enterprise Robotic Process Automation Market. This MRFR report on the Enterprise Robotic Process Automation Market indicates critical pointers that may emerge as growth hubs in the future. Moreover, in-depth data analysis is estimated to offer a clearer growth perspective to market participants.
As per a detailed analysis by Market Research Future (MRFR), the enterprise robotic process automation market is predicted to demonstrate a stellar CAGR during the forecast period (2017-2023). Robotic process automation (RPA) can be defined as a technology which can configure a robot in order to interpret and detect the applications needed for transaction processing, data manipulation, and coordinating with other automated systems. The technology is essential for companies having a huge workforce and which can be replaced by robots. RPA technology helps the organizations by providing with rapid completion of processes, better customer service, and efficiency in auditing processed data.
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The prominent players operating in the global enterprise robotic process automation market comprises Blue Prism Group (U.K.), Automation Anywhere (U.S.), IPSoft (U.S.), Celaton Ltd (U.K.), Pegasystems Inc. (U.S.), Nice Systems Ltd. (Israel), UiPath (Romania), Redwood Software (U.S.), Happiest Minds (India), Verint (U.S.), Xerox Corporation (U.S.), International Business Machines Corporation (U.S.).
• The enterprise robotic process automation market has been segmented on the basis of process, type, industry, and operations.
• By mode of type, the enterprise robotic process automation market has been segmented into services and tools. Among these, the services segment is likely to gain prominence during the review period. Service providers are continuously enhancing advisory, improving consulting, and training services with growing competition. These developments further assist the users in achieving increased scalability and reduced costs.
• The process segment comprises decision support, automated solution, interaction solutions, management solutions, and others.
• Based on operation, the enterprise robotic process automation market constitutes of rule-based, knowledge-based, and others.
• By mode of industry, the market has been segmented into manufacturers, BFSI, retail, telecom, healthcare, and others. Among these, the BFSI segment is likely to acquire the largest share in the global market. The implementation of this technology is anticipated to be high in this segment owing to the automation in business tasks like compliance regulations, data entry, and assembly and formulation, which leads to increased efficiency, speed, and comprehensive insights.
Geographically, the enterprise robotic process automation market span across regions, namely, Asia Pacific, Europe, North America, and Rest-of-the-World (RoW).
Considering the global scenario, the enterprise robotic process automation market is gaining the highest growth owing to the surging popularity of enterprise resource planning. Companies are extensively adopting automation processes, which are fueling the growth of enterprise robotic process automation market in this region. The evolution of virtual workforce industry with several agencies like 10up and append To are likely to expand in the U.S. market. The European region is likely to witness a significant growth owing to the surging demand for convergence of robotic process automation.
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