Global Robotic process automation market will reach 1930 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/18

Robotic process automation is an application technology where software with capabilities of artificial intelligence and machine learning are used for handling high volume, repeatable tasks. RPA allows employees to configure and program a computer software or a robot to interpret exiting application in the organization for manipulating data, processing transactions and communicating with digital systems.

North America region accounts for largest share in robotic process automation market owing to high development in field of technology and presence of developed countries. Europe is one of the prominent player in the market of robotic process automation. Countries such as U.K., Germany and Italy are the major contributors in the market growth due to the rich manufacturing and automotive industry. Asia-Pacific is expected to emerge as fastest growing market during the forecast period. Development of Asian countries and demand for consumer electronic products is forcing the manufacturers to adopt a cost effective technology in the manufacturing process.

In 2018, the global robotic process automation (RPA) market size was valued at US$477 mn and it is expected to reach US$1930 mn by the end of 2025, rising at a CAGR of 21.3% between 2019 and 2025.

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