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Key Takeaways of Robotic Process Automation Market Study
- Service product types hold the leading market share of more than 58% of the total value. Enterprise organizations are looking for end-to-end services that ensure organization wide deployment of robotic process automation initiatives.
- Robotic process automation based on smart software meets the demands of small and medium enterprises. On the back of suitability and flexibility of deployment, the software segment will grow at an astounding 35% CAGR from 2019 to 2029.
- Consulting service segment will grow thirteen-folds during the forecast period. This can be attributed to the growing need for customized robotic process automation from companies.
- In terms of target clients, large enterprises hold a majority market value share on the back of increasing need of these organizations to expand their global footprint in highly competitive environments.
- North America maintains share-wide leadership with more than 1/2 of the total market value. Early adopters are at the forefront of robotic process automation owing to the increasing demand from consumers for precision product manufacturing.
- Banking, Financial Services & Insurance is the leading application segment for robotic process automation with over 1/4th of the total market value. This can be attributed to surging application of artificial intelligence and big data analytics in evaluating consumer candidature for financial services.
Global Robot Process Automation Market: In-Depth Assessment on Key Segments
The global robot process automation market is segmented on the basis of type, service, organization, deployment, application and region.
- By Type :
- Software
- Service
- By Service :
- Consulting
- Implementation
- Training
- By Organization :
- SMEs
- Large Enterprises
- By Deployment :
- Cloud
- On-Premise
- By Application :
- BFSI
- Manufacturing
- Pharma & Healthcare
- Retail
- Telecom & IT
- Others
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Country-specific assessment on demand for robot process automation has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous robot process automation manufacturers, experts, and suppliers.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Robotic Process Automation Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.