Robotic process automation market grows rapidly with a projected value of $20.82 billion by 2031.

From GlobeNewswire: 2025-03-20 07:03:00

The robotic process automation market is experiencing significant growth, with a projected value of US$20.82 billion by 2031 and a CAGR of 24.8% from 2024-2031. Factors include increased demand in BPO, cost benefits, and use in the BFSI sector. Technological innovations are expected to expand automation capabilities, leading to lower labor costs and increased efficiency.

IT companies are seeking robotic process automation to automate repetitive tasks, leading to increased productivity and cost savings. BPO companies benefit from RPA by automating manual operations, reducing costs, and maintaining efficiency. The market is projected to continue growing as companies seek ways to streamline operations and increase efficiency.

RPA provides cost benefits by allowing companies to in-source and offshore RPA-managed services at a lower cost than traditional outsourcing. Buyers are attracted to the ROI offered by RPA deployments, which enhance predictability of costs and overall management. As RPA becomes mainstream, client organizations are expected to transition to modern capabilities.

North America held the largest market share in 2024, followed by Europe and APAC, with Asia Pacific projected to have the highest CAGR from 2024 to 2031. The market is segmented into solution and service components, on-premise and cloud deployment, large enterprises and SMEs, and various end-user industries.

Key players in the robotic process automation market include Appian Corp, Automation Anywhere Inc, Blue Prism Ltd, and more. These companies are adopting strategies like new product launches and joint ventures to maintain a competitive edge. The market is characterized by several major players offering innovative solutions for automation.

UiPath Inc. and Salesforce Inc. are leaders in the industry, offering platforms that leverage AI and automation for increased efficiency. MuleSoft, a solution for automation and integration, empowers organizations to automate workflows and navigate business complexity. These developments align with the industry’s commitment to providing innovative solutions for business growth.



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