Global Robotic Process Automation Market: Advanced Technologies & Growth Opportunities By 2018-2024

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The study reveals that the global Robotic Process Automation Market is expected to cross $7,000 million by 2024, at a CAGR of nearly 27% during the forecast period. Due to significant growth in technologies such as artificial intelligence (AI) and cognitive learning, the adoption of business automation technologies by enterprises has also increased. This has led to a rapid increase in demand for the virtual workforce to eliminate repetitive human efforts, on the back of which, the global robotic process automation market is gaining traction.

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https://www.blueweaveconsulting.com/global-robotic-process-automation/
Robotic Process Automation
Continuous advancement in AI and cognitive computing escalates the market growth. With growing advancement in Artificial intelligence & cognitive computing, which include machine learning techniques and greater computational power, Robotic process automation is also gaining traction and is anticipated to show a robust growth in the years to come. Earlier AI & RPA were considered as two different technologies, but now they are complimenting each other to process huge volumes of data and providing better decision making for organizations.

As per the findings of the research, rule-based operations have been the largest revenue generators in the global robotic process automation market, as compared to knowledge-based operations. The rule-based operation has gained significant interest from all sized enterprises as it enables organizations to configure software robots that effectively automate various annual and highly repetitive tasks. It also helps organizations in saving a lot of time by completing an actual human task within a fraction of seconds.

The market for rule-based operations is expected to continue its dominance, during the forecast period, as it can be easily integrated within a business ecosystem without disrupting the traditional or legacy business framework.

Geographically, North America has been the largest market for robotic process automation, whereas Asia-Pacific is expected to witness the fastest growth among all regions, during the forecast period. The anticipated growth in the market can be attributed to factors such as advancement in new technologies, growing digitalization, growth in automation software industry, and increasing adoption of business process automation solutions by small and medium scale enterprises in the region.

Table of Contents:

1. Research Objective

  • ·         Objective of the Study
  • ·          Market Definition
  • ·          Process Overview
  • ·         Market Scope

2. Research Methodology

  • ·         Research Methodology
  • ·         Regional Split of Primary and Secondary Research
  • ·         Secondary Research
  • ·         Primary Research

3. Executive Summary

4. Market Introduction

  • ·         Overview by Product
  • ·         Overview by Operation
  • ·         Overview by Service
  • ·         Overview by User Size
  • ·         Overview by Industry

5. Market Size and Forecast by Process

6. Market Size and Forecast by Operations

7. Market Size and Forecast by Service

8. Market Size and Forecast by User Size

9. Market Size and Forecast by Industry

10. Market Size and Forecast by Geography

  • ·         North America
  • ·         Europe
  • ·         Asia-Pacific
  • ·         Middle-East & Africa
  • ·         Latin America




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