Process Automation Market is estimated to grow from USD 2.90 Billion in 2019 to reach USD 27.78 Billion by 2027, at a CAGR of 32.6% during the forecast period from 2020-2027.
The recently published market study by ReportCrux Market Research highlights the current trends that are expected to influence the dynamics of the Robotic Process Automation market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Robotic Process Automation market in the report and the impact of the COVID-19 on these facets of the market.
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Robotic Process Automation Market Size
The global Robotic Process Automation Market is estimated to grow from USD 2.90 Billion in 2019 to reach USD 27.78 Billion by 2027, at a CAGR of 32.6% during the forecast period from 2020-2027.
Growing necessity to reduce operational costs and increase efficiency of repetitive high-volume tasks which require large amount of time for humans to accomplish is expected to drive the growth of robotic process automation market along with growing demand for business process automation, technological advancements and adoption of AI and cloud-based solutions for internal efficiency among SMEs.
Key Drivers, Restraints and Opportunities
Various drivers, restraints and opportunities in the Robotic Process Automation market are analyzed in detail in the report. Key drivers that make the overall market grow are discussed thoroughly, along with its impact on the sales of different product types. Report also features restraining factors that are likely to restrain the market growth. As well, different opportunities which will propel the market in future and bring new growth avenues for major market players are discussed in detail. This will help in understanding the overall dynamics prevailing in the historic as well as in coming years.
Key Player Analysis
Further, the micro and macro-economic factors that are likely to impact the growth of the Robotic Process Automation market are thoroughly studied in the presented market study.
Major players in Robotic Process Automation market are UiPath, NICE, Automation Anywhere, Pegasystems, Genpact and IPsoft
Robotic Process Automation Market Segmentation Analysis
Geographically, this report is segmented into several key Regions, with value and volume, revenue (M USD), market share and growth rate of Release Liners in these regions, from 2014 to 2026 (forecast), covering
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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