Market Analysis
Market Research Future (MRFR) expects the global enterprise robotic process automation market to progress at a strong growth rate from 2020 to 2027 (forecast period).
Because it is widely utilized in large-scale organizations for data management deployment, the increasing availability of an enterprise automated solution is driving demand for the enterprise robotic process automation market. This enterprise robotic process automation is widely utilized in a variety of industries, including BFSI, Telecom, and IT, to increase the accuracy and efficiency of numerous operations. Organizations are taking notice of the iBot-enabled robotic process automation snips. This iBot solution, a family of intelligent robots, assists in a variety of process-driven industries and paperwork-intensive sectors.
Automation Anywhere (US), Blue Prism (UK), Celaton Ltd (UK), IPSoft (US), Nice Systems Ltd. (Israel), Pegasystems (US), Redwood Software (US), and UiPath (Romania) are the global market leaders in enterprise robotic process automation solutions. The rising demand for artificial intelligence and tool-based robotic process automation are two primary drivers driving the enterprise robotic process automation market's expansion. The tool-based robotic process automation helps in improving competence and speeding up business processes.
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COVID-19 Impact on the Global Enterprise Robotic Process Automation Market
The execution of a set of regulations by governments worldwide to cope with the COVID-19 crisis has been found to influence the growth of the global enterprise robotic process automation market.
Market Segmentation
The global enterprise robotic process automation industry has been segmented into type, process, operations, and industry.
By type, the global enterprise robotic process automation market has been segmented into tools and services.
By process, the global enterprise robotic process automation market has been segmented into interaction solutions, automated solutions, decision support and management solutions, and others.
By operations, the global enterprise robotic process automation market has been segmented into rule-based, knowledge-based and others.
By industry, the global enterprise robotic process automation market has been segmented into BFSI, manufacturers, telecom, retail, healthcare, and others.
Regional Analysis
The worldwide enterprise robotic process automation market is spanned across North America, Europe, Asia Pacific, and the rest of the world.
The global enterprise robotic process automation industry in North America is gaining the highest market growth due to the growing popularity of enterprise resource planning. As a result, companies are shifting toward automation processes, which is fueling the growth of the enterprise robotic process automation market. European countries, on the other hand, are developing as enterprise robotic process automation markets as a result of increased demand for robotic process automation convergence and are predicted to increase at the fastest CAGR throughout the review period. In terms of market share, Asia Pacific countries such as China, Japan, and India are among the world's leaders.
Key Players
Some of the prominent players in the worldwide enterprise robotic process automation market are Celaton Ltd (U.K.), Automation Anywhere (U.S.), Blue Prism Group (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems Inc. (U.S.), Happiest Minds (India), Redwood Software (U.S.), UiPath (Romania), International Business Machines Corporation (U.S.), Verint (U.S.), and Xerox Corporation (U.S.), among others.
Competitive Landscape
The global market for enterprise robotic process automation appears to be fiercely competitive. In order to target, segment, and position their sensors in the global market and promote market growth, organizations must develop advanced technological solutions in order to remain competitive. Market leaders are consistently spending in RD to improve their products and are progressively seeking market expansion through strategic mergers and acquisitions, innovation, and a cost-effective product range.
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