Robotic Process Automation Market Analysis, Share, Size, Trends, Market Growth and Segment Forecasts To 2027 | Impact of COVID-19
Robotic Process Automation Market Research
Report- Forecast till 2023
Market Highlights
Robotic
process automation (RPA) is the process of handling repeatable tasks of huge
volume. This process makes use of technologies such as machine learning and
artificial intelligence. The global robotic process automation market, as per
this analysis by Market Research Future (MRFR), is anticipated to strike 29%
CAGR across the forecast period 2017 to 2023. The market has been assessed to
exceed USD 2700 Mn mark in terms of value by the end of the review period.
Robotic process automation is the most advanced concept among both the
manufacturing and industrial sector. Its ability to enhance productivity makes
it explicit. Through the usage of robotic process automation, the production
process gets much easier. It enables companies to produce things in huge
quantities at a much lower budget. Moreover, things can be achieved at a much
fast speed. The growing demand for smartphones is one of the prominent reasons
behind the promising market prospect of robotic process automation for
smartphone manufacturing.
With many creative solutions in mobile interface development, the
process is getting more inspiring for the market perspective. Key factors like
grown usage of social media applications, etc., contribute immensely towards
the Global Robotic Process Automation Market. The massive scope for smartphones
encouraging manufacturers for coupling greater features into smartphones is one
of the prime reasons behind the market growth. Moreover, this growth rate is
expected to remain steady all across the globe as each market is equally
established.
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Segmentation:
On the
basis of process, the global robotic process automation market has been
segmented into automated solution, decision support and management solution,
and interaction solution.
Based
on operations, the robotic process automation market has been segmented into
spend analysis, e-sourcing, e-procurement, contract management, and supplier
management.
On the
basis of type, the robotic process automation market has been segmented into
tools, travel & logistics, and services.
The
industry-based segments of the robotic process automation market identified in
this report are BFSI, transportation, healthcare & pharmaceuticals, IT
& telecommunication, retail, travel, manufacturing & logistics,
hospitality, and others.
Regional Analysis
On the basis of region, the global market for robotic process automation
is segmented into North America, Europe, Asia-Pacific, and the rest of the
world. North America is anticipated as the most dominant name in the robotic
process automation for the smartphone manufacturing market during the forecast
period. It’s the massive development in the IT industry that is being touted as
the reason. Asia-Pacific is speculated as to the next big destination for
robotic process automation for the smartphone manufacturing market.
Interestingly, the market is expected to grow at a much faster rate during the
forecast period than ever. The European market looks equally promising, as
well.
Industry News
3rd Watch News publishes a report on Global Robotic Process
Automation for Market. It analyses all the crucial aspects associated with the
growth of the market and factors playing a determinant role in the expansion.
It predicts the growth rate and identifies the market where the growth is
expected to be the most significant throughout.
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Robotic
Process Automation Market, By Process (Automated Solution, Decision Support and
Management Solution), By Operations (Rule Based), By Type (Tools), By Industry
(IT & Telecommunication, Manufacturing & Logistics) - Global Forecast
2023
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