In a recent published report, Kenneth Research has updated the market report for Enterprise Robotic Process Automation Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Enterprise Robotic Process Automation Market products.
The Enterprise Robotic Process Automation Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Market Scenario:
Companies such as Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), UiPath (Romania), are the leading providers of enterprise robotic process automation solution in the global market. The growing demand for artificial intelligence and tool-based robotic process automation are some of the main driving factors of the enterprise robotic process automation market growth. The tool-based robotic process automation helps in improving the competence and speeding up business processes.
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The increasing availability of an enterprise automated solution is boosting the demand for enterprise robotic process automation market because it is widely used in large-scale enterprises for deployment of data management. This enterprise robotic process automation is widely used in the various sector including BFSI, Telecom and IT to improve the accuracy and efficiency of different processes. The iBot-enabled robotic process automation snips are gaining momentum among organizations. This iBot solution, a family of intelligent robots, helps in all kind of process-driven industries and paperwork intensive departments among industries.
On 20 November 2017, UiPath, the Enterprise Robotic Process Automation platform provider, went into partnership with Symphony Ventures, to offer managed services to the various sectors including healthcare, insurance, entertainment, and airlines in digitally transform operations.On September 19, 2017, Kofax, a leading provider of software to simplify and transform the First Mile of business announced Kofax Kapow solution, which is driving growing demand for the robotic process automation. This solution is considered to be the cost savings, operational efficiency, customer responsiveness in the various sector including banking, insurance, supply chain, logistics, finance, and accounting.
Global Enterprise Robotic Process Automation Market Segmentation
The global enterprise robotic process automation market is segmented into type, process, operations, industry, and region. The type is sub-segmented into tools and services. The process is sub-segmented into automated solution, decision support, and management solutions, interaction solutions, and others. The operations segment is sub-segmented into rule-based, knowledge-based and others. The industry is sub-segmented into BFSI, manufacturers, telecom, retail, healthcare, and others. The global market is spanned across North America, Europe, Asia Pacific, and rest of the world.
Key Players
Some of the prominent players in the global enterprise robotic process automation market are Automation Anywhere (U.S.), Blue Prism Group (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems Inc. (U.S.), Redwood Software (U.S.), UiPath (Romania), Verint (U.S.), Happiest Minds (India), International Business Machines Corporation (U.S.) and Xerox Corporation (U.S.).among others.
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Regional Analysis
The global enterprise robotic process automation market is studied in the Asia Pacific, North America, Europe, and Rest of the World. In North America, the enterprise robotic process automation market is gaining the highest market growth due to the increasing popularity of enterprise resource planning. Thus, companies are moving toward automation processes, which is further propelling the enterprise robotic process automation market growth. Whereas, European countries are emerging as enterprise robotic process automation markets due to the increasing demand for convergence of robotic process automation and are expected to grow at the highest CAGR over the review period. Asia Pacific countries such as China, Japan, and India are some of the leading regions in the globe in terms of market share.
Competitive Analysis
The global enterprise robotic process automation market appears to be extremely competitive. In order to target, segment, and position their sensors into the global market and to drive the market growth, the companies have to come up with an advanced technological solution to maintain themselves into the competitive landscape. Market leaders are investing in research and development for innovating their products continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, and cost-effective product portfolio.
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Intended Audience
Associations, organizations, forums, and alliances
Cloud service providers
Customer experience solution providers
Government bodies and departments
Enterprise robotic process automation companies
Enterprise robotic process automation providers
Technical universities
System integrators
Managed Security Service Providers
Professional service providers
Research and development companies
Market research and consulting firms
Solution providers
Technology standards organizations
Technology investors
System Integrators
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