From GlobeNewswire: 2025-04-01 10:00:00

The Robotic Process Automation market in the BFSI sector was valued at USD 1.12 billion in 2023 and is projected to reach USD 20.48 billion by 2032, with a CAGR of 38.2% from 2024-2032. Major players include IBM, UiPath, and Pegasystems. The U.S. market is expected to grow by 36.1%.

RPA in BFSI is driven by the need for cost reduction and efficiency, with automation helping to streamline manual processes like data entry and compliance monitoring. The U.S. market is expected to grow to USD 4.68 billion by 2032. Cloud integration and AI are key factors in the rapid expansion of RPA in BFSI.

The Services segment dominated the RPA market in 2023, accounting for 64% of revenue, while the Software segment is expected to grow at a CAGR of 39.19%. Large enterprises currently lead the market, but SMEs are driving fast growth with cloud-based automation solutions. Banking is the primary sector for RPA adoption.

North America holds the largest market share for RPA in BFSI, with over 38% in 2023, while Asia-Pacific is emerging as the fastest-growing region. The BFSI sector is increasingly adopting automation solutions for cost efficiency and regulatory compliance, with AI-powered RPA platforms gaining popularity. Banks and insurance companies in the region are turning to AI-powered RPA for improved efficiency and compliance. The Asia-Pacific segment is expected to see a CAGR of over 40% due to digital transformation and fintech adoption, with countries like China, India, and Japan leading in RPA use for various processes.

Blue Prism partnered with Synechron to enhance automation solutions for the financial services and insurance industries. Automation Anywhere reported its fifth consecutive profitable quarter, showing increased demand for AI-powered RPA in industries like financial services.

SNS Insider offers consulting services like Go To Market Assessment and Competitive Benchmarking. They aim to provide clients with accurate market data and insights to make informed decisions in a rapidly changing environment. Their research methodologies include surveys, video talks, and focus groups to gather global consumer opinions and insights.



Read more at GlobeNewswire: Robotic Process Automation in BFSI Market Size to Surpass