The adoption of Artificial Intelligence (AI) and
automation solutions has enabled organizations to tackle such challenges while
meeting consumer expectations. Moreover, these technologies focus on enhancing
the employee experience rather than replacing them. One of such technologies
gaining rapid traction is RPA, which handles repetitive and rule-based tasks
without human intervention. Thus, RPA enables organizations to automate
repetitive functions and focus more on core business tasks.
In Small and Medium-scale Enterprises (SMEs) that face
business limitations, in terms of financial and human resources allocation, the
implementation of RPA is expected to provide growth avenues. As the deployment
of robotic process automation can assist an organization to keep its operations
as lean as possible. Also, the use of automation technologies has become a
crucial factor to gain long-term profitable growth. These software bots exhibit
the maximum efficiency and can work 24/7 through the year on their assigned
task, which results in achieving accelerated productivity.
Moreover, deployment of RPA increases the quality of
services to the end-users as it eliminates the potential of human error that
results in inconsistency in process execution. Furthermore, RPA offers
organizations with comprehensive intelligence and assists the users with
actionable information and better insights. The role of technology in a complex
business environment is evolving continuously. The ever-increasing stringency
of regulations and necessary compliance functions hamper employee efficiency.
With the deployment of RPA, organizations can achieve
greater compliance. Furthermore, the RPA processes are customizable aimed at
operating with the existing, as well as new standards and regulations. Thus,
automation technologies can help organizations streamline different structured
processes at a lower cost.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/robotic-process-automation-rpa-market
https://www.grandviewresearch.com/industry-analysis/robotic-process-automation-rpa-market
Further key findings from the study suggest
that:
- Services type segment is anticipated to register the
highest CAGR over the forecast period. Consulting service was valued at
USD 179.8 million in 2018 and is estimated to witness a healthy growth in
near future
- Implementation services is anticipated to register
the highest CAGR of 33.5% over the forecast period
- Large enterprise segment is expected to maintain its
dominance in the Robotic Process Automation (RPA) market and is projected
to reach USD 2.51 billion by 2025
- BFSI application segment led the market in 2018;
however, SME segment is anticipated to register the highest CAGR over the
forecast period
- North America is expected to be the dominant region
while Asia Pacific is anticipated to witness the maximum growth
- Some of the key companies in the market include
Automation Anywhere, Inc.; Blue Prism Group Plc; UiPath; Be Informed B.V.;
OpenSpan; and Jacada, Inc.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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