Global Robotic Process Automation Market Expected To Reach $ 5.08 Million By 2021 With A CAGR Of 29.2%

Date: 2017-06-20

Robotic process automation is the application of technology to configure computer software or a robot to capture and interpret existing applications for rule-based processing of transactions, manipulate data, trigger responses, and communicate with other digital systems. Robotic process automation deals with the application of smart software to carry out high-volume and repetitive tasks that usually take a lot of time for humans to accomplish, and which are typically monotonous to perform.

The global Robotic Process Automation market was estimated at USD$ 1.41 Billion in 2016, and is anticipated to reach USD$ 5.08 Billion by 2021, expanding at a CAGR of 29.2% between 2017 and 2021. RPA is emerging as a disrupting technology with capabilities of providing benefits such as enhanced accuracy, compliance, cost saving and scalability. As these tools are 65% less expensive than the full-time employees, industry experts have been expecting RPA to disrupt the conventional Business Process Outsourcing (BPO) model and alter the global outsourcing industry.

The robotic process automationmarket for the healthcare and pharmaceuticals industry is expected to grow at the highest CAGR between 2017 and 2022. The healthcare and pharmaceuticals industry is highly information-dependent, as it involves medical records of patients, credentials of patients, information on claims processing, revenue cycle management, etc. In this regard, robotic process automation not only helps reduce operational costs but also ensures greater accuracy. The interactive solutions offered by robotic process automationhelp efficiently manage data, reduce medical transportation costs, minimize appointment scheduling errors, etc.

BFSI, healthcare & pharmaceutical, manufacturing & logistics, IT & Telecommunication among others. In US region, there is a high implementation of RPA technology in BFSI sector due to its efficient data processing and workflow management capabilities. Owing to its high flexibility and scalability, there is a rapid deployment of robotics process automation technology in BFSI domain.

  • The robotic process automation market for North America held the largest share among all the regions under study in 2016.
  • Asia-Pacific is few of the prominent players in the market owing to increase utilization of robotics automation process in healthcare & pharmaceuticals, retail, BFSI, IT & telecommunication industry among others.
  • Europe region is expected to be one of the prominent players owing to presence of RPA technology in rich manufacturing and logistics sector.

According to survey, the region of Robotic Process Automation market share as following:
 

Read Full Report: 
http://www.gosreports.com/global-robotic-process-automation-market-research-report-2017/ 

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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