Robotic Process Automation is a fast-growing market. RPA is an automation software that mimics human behaviour in order to complete tasks. In our blog post: What is Robotic Process Automation we give an overview of how it works.
Numbers & Facts
In 2013, the IT Robotic Automation Maket was valued at 183.1 Million US$. According to the analysis of Transparency Market Research, it will continue to rise with a CAGR of 60.5% between 2014 and 2020.
Why RPA Will Grow
The key benefits of RPA are cost savings, increased efficiency compared to manual work, the possibility to use existing software without backend integration, and agility thanks to easy adaptability.
With RPA, human employees are freed of repetitive, rote work. Robots can do these tasks faster, 24/7 and they can do more of them than a human could.
Early Adopters of RPA by Industry
RPA can be used by any industry, as long as the processes are structured and rules-based. Nonetheless, there are industries that have adopted RPA faster than others. Taking the numbers of 2013 as their baseline, Transparency Research predicts that finance and accounting as well as business process outsourcing are the segments and industries that will be the biggest and earliest adopters of RPA. Particularly the BPO Market will be the biggest growing user market for software-based process automation in the next 3 to 5 years.
RPA in Demand in the US and Europe in particular
Transparency Market Research sees the biggest growth potential for RPA in the US and Europe, with APAC (particularly India) as a close third.
The US, according to the research firm, is more open towards automation solutions. For them, the benefits of cost and efficiency stand out. Europe, on the other hand, will see growth thanks to the increase in nearshore models. In India, there already exists a network of IT and Outsourcing providers that could use this experience for Robotic Process Automation.
Division of the RPA Market
Transparency Market Research distinguishes the RPA providers between tools and services. Services include professional services (like consulting, Integration & Development as well as Business Process Outsourcing) and providers of training.
You can read the full report (95 pages) here.
ALMATO not only offers RPA software, but also extensive service. Consulting, process optimization and integration into your existing systems as well as training: we offer a complete package.
If you want to know how you can use RPA in your company, contact us at info@almato.de or call us: +49 7121 14787 0.
