Market Overview:
The global robotic process automation product market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for robotic process automation products from various end-use industries, such as BFSI, telecom, retail, healthcare and others. Moreover, the growing awareness about the benefits of using robotic process automation products is also contributing to the growth of this market. Based on type, the global robotic process automation product market can be segmented into hardware and services. The hardware segment dominates this market and is expected to continue its dominance during the forecast period. This can be attributed to factors such as rising demand for advanced robotics technology and increasing adoption of robotics by small-and medium-sized enterprises (SMEs).
Product Definition:
Robotic Process Automation Product is used to automate the process of business rules and tasks which are currently done by people. It helps in reducing the time spent on these processes and also helps in increasing the accuracy of these processes.
Hardware:
Hardware is the part of software and services which helps in carrying out the instructions. It's used to build robots, computer controlled machines, mobile devices or any other automation equipment. Hardware components are available at low cost and their repair & maintenance costs are also less; hence they are widely used by small scale industries as well as large-scale corporations for their automation needs.
Services:
Robotic process automation (RPA) is a computer software implementation of tasks performed by humans. RPA can be used to replace or enhance the functionality of traditional systems/products. It provides benefits such as increased speed, decreased operational cost, and improved quality & safety in production processes.
Application Insights:
The BFSI application segment accounted for the largest revenue share in 2017 and is projected to continue leading over the forecast period. The growing adoption of robotic process automation technology in banks, financial services, and insurance companies to reduce operational costs by automating repetitive tasks is expected to drive the demand further. Robotic process automation has helped various organizations in reducing costs while improving customer service quality.
The manufacture segment is also anticipated to witness significant growth over the forecast period owing to increasing use of RPA solutions at every level of manufacturing operations including planning, purchasing, processing materials & parts on-site or off-site; packaging; assembly; quality control testing; shipping & receiving as well as inventory management among others. The implementation of these solutions has helped manufacturers gain visibility into their production processes which will help them improve overall efficiency across all levels thus driving market growth further.
Regional Analysis:
Asia Pacific dominated the global market in 2017. Robust manufacturing base of China and Japan, along with increasing adoption of robotic process automation solutions in these countries, is expected to drive the APAC regional market over the forecast period. Moreover, growing demand for industrial robots from developing economies such as India and Singapore is anticipated to fuel growth over the next eight years.
The European region accounted for a significant share owing to early adoption of RPA technology coupled with presence of major players operating in this region. The Middle East & Africa (MEA) region also has potential growth opportunities due to increasing use cases related to BFSI and healthcare industry particularly Saudi Arabia which will lead towards lucrative growth opportunities for regional Robotic Process Automation product Market by 2030 (year on year).
Growth Factors:
- Increased demand for automation across industries to improve efficiency and productivity
- Growing awareness of the benefits of robotic process automation among businesses of all sizes
- The increasing affordability of robotic process automation products and services
- The growing demand for Robotic Process Automation from small and medium-sized businesses
- The increasing use of Robotic Process Automation in complex business processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Robotic Process Automation Product Market Research Report
By Type
Hardware, Services
By Application
BFSI, Manufacture, Telecom, Retail, Healthcare, Others
By Companies
Automation Anywhere, Blue Prism Group, Celaton Ltd, IPSoft, Nice Systems Ltd., Pegasystems Inc., Redwood Software, UiPath, Verint, Happiest Minds, International Business Machines Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Robotic Process Automation Product Market Report Segments:
The global Robotic Process Automation Product market is segmented on the basis of:
Types
Hardware, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Manufacture, Telecom, Retail, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Automation Anywhere
- Blue Prism Group
- Celaton Ltd
- IPSoft
- Nice Systems Ltd.
- Pegasystems Inc.
- Redwood Software
- UiPath
- Verint
- Happiest Minds
- International Business Machines Corporation
Highlights of The Robotic Process Automation Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Services
- By Application:
- BFSI
- Manufacture
- Telecom
- Retail
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Robotic Process Automation Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Robotic process automation (RPA) is a software application that automates the execution of business processes by using computer-aided technology. RPA can be used to automate tasks such as customer service, sales, and accounting.
Some of the key players operating in the robotic process automation product market are Automation Anywhere, Blue Prism Group, Celaton Ltd, IPSoft, Nice Systems Ltd., Pegasystems Inc., Redwood Software, UiPath, Verint, Happiest Minds, International Business Machines Corporation.
The robotic process automation product market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Robotic Process Automation Product Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Robotic Process Automation Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Robotic Process Automation Product Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Robotic Process Automation Product Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Robotic Process Automation Product Market Size & Forecast, 2018-2028
4.5.1 Robotic Process Automation Product Market Size and Y-o-Y Growth
4.5.2 Robotic Process Automation Product Market Absolute $ Opportunity
Chapter 5 Global Robotic Process Automation Product Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Robotic Process Automation Product Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Robotic Process Automation Product Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Robotic Process Automation Product Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Manufacture
6.2.3 Telecom
6.2.4 Retail
6.2.5 Healthcare
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Robotic Process Automation Product Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Robotic Process Automation Product Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Robotic Process Automation Product Analysis and Forecast
9.1 Introduction
9.2 North America Robotic Process Automation Product Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Robotic Process Automation Product Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Robotic Process Automation Product Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Manufacture
9.10.3 Telecom
9.10.4 Retail
9.10.5 Healthcare
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Robotic Process Automation Product Analysis and Forecast
10.1 Introduction
10.2 Europe Robotic Process Automation Product Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Robotic Process Automation Product Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Robotic Process Automation Product Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Manufacture
10.10.3 Telecom
10.10.4 Retail
10.10.5 Healthcare
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Robotic Process Automation Product Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Robotic Process Automation Product Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Robotic Process Automation Product Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Robotic Process Automation Product Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Manufacture
11.10.3 Telecom
11.10.4 Retail
11.10.5 Healthcare
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Robotic Process Automation Product Analysis and Forecast
12.1 Introduction
12.2 Latin America Robotic Process Automation Product Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Robotic Process Automation Product Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Robotic Process Automation Product Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Manufacture
12.10.3 Telecom
12.10.4 Retail
12.10.5 Healthcare
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Robotic Process Automation Product Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Robotic Process Automation Product Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Robotic Process Automation Product Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Robotic Process Automation Product Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Manufacture
13.10.3 Telecom
13.10.4 Retail
13.10.5 Healthcare
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Robotic Process Automation Product Market: Competitive Dashboard
14.2 Global Robotic Process Automation Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Automation Anywhere
14.3.2 Blue Prism Group
14.3.3 Celaton Ltd
14.3.4 IPSoft
14.3.5 Nice Systems Ltd.
14.3.6 Pegasystems Inc.
14.3.7 Redwood Software
14.3.8 UiPath
14.3.9 Verint
14.3.10 Happiest Minds
14.3.11 International Business Machines Corporation
