Robotic Process Automation Market Size Worth $10.7 Billion by 2027: Grand View Research, Inc.

Read 115 page research report with ToC on "Robotic Process Automation Market Size, Share & Trends Analysis Report By Type (Software, Service), By Application (BFSI, Retail), By Organization, By Service, By Deployment, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/robotic-process-automation-rpa-market

The role of technology and its integration within the organizations is evolving at a faster pace. The ever-increasing regulatory changes and the compliance functions are reducing the speed of work done by employees. This has resulted in the adoption of robotics process automation to manage the compliance functions in a better manner than employees. This, in turn, is contributing towards reduction in cost and safeguarding organization from non-compliance. The RPA industry is growing at an unprecedented rate because of the high levels of efficiency and productivity being achieved by automation. Companies like Automation Anywhere, UiPath, and Blue Prism happen to be the leading players in the RPA market. The players in the market are concentrated on developing improved and cost-effective solutions and offering enhanced customer experience. Automation Anywhere offers a complete digital workforce portfolio, featuring, Bot Store, Digital Workers, RPA mobile app, and IQ Bot. The company is focused on offering a better and comprehensive product portfolio to its customers.

Small and medium organizations have a limitation in terms of cost and human resources. These organizations are continuously striving to reduce costs by improving and outsourcing their business processes. Additionally, when it comes to operating a small organization, the main focus is keeping the operations lean. Significant benefits of RPA implementation include improved employee and customer satisfaction, accelerated productivity gains, and enhanced compliance. Even though RPA software can be found across all industries, the major adopters include insurance companies, banks, and telecom companies, and utility companies. RPA offers organizations with comprehensive intelligence and assists users with actionable information and better insights. Furthermore, the RPA processes are customizable and are aimed at operating with the existing and new regulations and standards. Thus, automation technologies can help organizations in streamlining different structured processes.

Grand View Research has segmented the global robotic process automation market on the basis of type, service, organization, deployment, application, and region:

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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