The Robotic Process Automation Market to Reach $35.9 Billion by 2030 at a CAGR of 20.2% During 2023–2030. The growth of the robotic process automation market is driven by the growing demand for automation in business processes, the growing adoption of advanced technologies such as cloud, AI, and machine learning, and the rising demand for robotic process automation solutions in the BFSI sector. Further, the rising adoption of RPA-enabled self-learning conversational chatbots and the growing adoption of robotic process automation solutions in the healthcare sector is expected to create market growth opportunities. However, its high implementation cost restrains the growth of the robotic process automation market. Also, misconceptions and lack of awareness regarding robotic process automation are major challenges for the players operating in this market. The growing adoption of cloud-based robotic process automation and rising demand for collaborative robotic process automation are the latest trends in the robotic process automation market.
Here are the top 10 companies operating in the Robotic Process Automation Market
UiPath, Inc. (U.S.)
Founded in 2005 and headquartered in New York, U.S. UiPath is a leading provider of robotic process automation solutions. The company offers robotic solutions for telecom, retail, manufacturing, banking and financial services, and the public sector. The company operates in the market through three business segments, namely, Licenses, Subscription Services, and Professional Services and Other.
UiPath’s robotic process automation portfolio comprises business process automation software, SAP automation, artificial intelligence, automation, automation cloud, automation software, and machine learning.
Founded in 2003 and headquartered in California, U.S., Automation Anywhere, Inc. is a leading provider of cloud automation platforms. The company delivers automation and process intelligence solutions across all industries to automate end-to-end business processes for the fastest path to enterprise transformation.
Further, it offers a cloud-native platform combining robotics process automation, artificial intelligence, machine learning, and analytics. The company provides robotics process automation solutions for financial services, healthcare, the public sector, and manufacturing.
Blue Prism Group plc (A Subsidiary of SS&C Technologies Holdings, Inc. (U.S.))
Founded in 2001 and headquartered in Warrington, U.K., Blue Prism Group plc is a leading provider of enterprise intelligent automation technology. The company develops intelligent robotic process automation (RPA) software to provide businesses with a secure, agile, smart digital workforce.
Blue Prism Group provides robotics process automation solutions for the financial services, healthcare, manufacturing, energy & utilities, and transportation sector. The company’s robotic process automation portfolio comprises intelligent automation, business process management, process intelligence, intelligent document processing, and business process automation.
Founded in 1983 and headquartered in Massachusetts, U.S., Pegasystems Inc. is a software company that develops customer relationship management and business process management solutions for the organization. The company’s adaptive, cloud-architected software empowers organizations to rapidly deploy and easily change applications to meet strategic business needs. It operates in the market through four business segments, namely, Subscription Services, Subscription License, Consulting, and Perpetual License.
Pega’s robotic process automation portfolio comprises intelligent automation solutions, customer engagement solutions, sales automation, and KYC solutions.
NICE Ltd. (Israel)
Founded in 1986 and headquartered in Ra’anana, Israel. NICE is a leading provider of cloud and on-premises enterprise software solutions. The company provides advanced analytics, artificial intelligence, and automation solutions. It operates in the market through three business segments, namely, Cloud, Services, and Product.
NICE’s robotic process automation and AI contact center solutions simplify service delivery for faster resolution of customer issues and reduced costs. The company’s robotic process automation portfolio comprises automation studios, automation finders, attended automation and services.
Meticulous Research in its latest publication on Robotic Process Automation Market has predicted the growth of 20.2% during the forecast year 2023-2030.
Founded in 1911 and headquartered in New York, U.S., IBM is a leading cloud platform and cognitive solutions company. The company offers one of the most advanced and integrated portfolios of enterprise automation products and services. The company operates in the market through three business segments, namely, Software, Consulting, and Infrastructure. Further, its robotic process automation solutions and services help to automate more business and IT processes at scale with ease and speed.
Verint Systems Inc. (U.S.)
Incorporated in 1994 and headquartered in New York, U.S., Verint is a global leader in actionable intelligence solutions. The company focuses on customer engagement optimization, security intelligence, fraud, risk, and compliance. It operates in the market through four business segments, namely, Cloud, Support, Perpetual, and Professional Services. The company’s robotic process automation software and services help to improve productivity, cut costs, reduce errors, and drive processing consistency and regulatory compliance.
Founded in 2014 and headquartered in Karnataka, India., EdgeVerve is a global leader in AI, Automation, and Analytics. The company provides cloud-based software applications and platforms for digital banking and enterprises. Its comprehensive product portfolio across AI (Infosys Nia), automation (AssistEdge), and supply chain (TradeEdge) helps businesses develop deeper connections with stakeholders with continuous power innovation and accelerated growth in the digital world.
EdgeVerve’s Systems AssistEdge platform offers enterprises with a comprehensive suite of products enabling them to drive initiatives around process discovery, intelligent automation, and digital workforce orchestration. Also, the company provides a robotic process automation solution for the banking, retail, telecom, manufacturing, insurance, and logistics sector.
Kofax Inc. (U.S.)
Founded in 1985 and headquartered in California, U.S., Kofax Inc. is a leading provider of intelligent automation software platforms and solutions. The company offers customer communications management, smart process application platforms, business and process intelligence, information integration, and multichannel capture solutions. The company’s intelligent automation platform supports digital workflows, including workflow orchestration software, robotic process automation software, and e-signature software.
Kofax Inc. has a strong geographical presence across U.S., Australia, Austria, Belgium, Denmark, France, Germany, India, Italy, Japan, Malaysia, Netherlands, Poland, Singapore, Spain, U.K., and Vietnam through its subsidiaries and strong distribution network.
AutomationEdge Technologies, Inc. (U.S.)
AutomationEdge Technologies is a leading provider of robotic process automation and AI solutions. The company’s AutomationEdge is an AI-driven integrated automation platform. This automation platform is used for the automation of IT and business process. Further, the company’s robotic process automation portfolio comprises intelligent automation, conversational AI, AI chatbot, and software automation. It also offers robotic process automation solutions for banking and financial services, manufacturing, and telecom.
Authoritative Research on the Robotic Process Automation Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
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