Robotic Process Automation - Thematic Research

Robotic Process Automation - Thematic Research

Summary

Robotic process automation (RPA) describes software that can be programmed to perform basic tasks across a range of platforms and applications. Businesses in virtually every industry accelerated their automation efforts during the pandemic. For some, RPA allowed them to reimagine how they work, while others used RPA to ensure business continued as usual.

RPA is not a technology for a dystopian future; it is here and has attracted the attention of leaders and executives. The time for investing in RPA was yesterday.

Key Highlights

• COVID-19 highlighted the necessity of coordinating automation across a business. This has accelerated the development of RPA as companies move away from stand-alone automation capabilities and offer RPA as part of a broader toolkit of automation and artificial intelligence (AI) technologies, allowing for end-to-end automation of more complex business processes.
• RPA has evolved into intelligent automation, wherein AI and other business process technologies-such as low-code development tools, process mining, intelligent document processing, and business process management (BPM)-are combined with RPA to facilitate enterprise-wide automation initiatives.

• This report provides an overview of the robotic process automation (RPA) theme.
• It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
• It includes comprehensive industry analysis, including global market forecasts for RPA and analysis of patents, company filings, hiring, and social media trends.
• It contains details of M&A deals driven by the RPA theme, and a timeline highlighting milestones in the development of RPA.
• The detailed value chain is split into three main areas: process discovery, software, and services.

• GlobalData estimates that the global RPA software and services market will be worth $20.1 billion in 2030, up from $4.8 billion in 2021. COVID-19 increased interest in RPA as enterprises sought to reduce dependency on a human workforce for routine, digital processes and safeguard against future disruptions. RPA is a relatively fast technology solution to implement and constitutes a quick way for enterprises to make headway on their digital transformation efforts. The rapid shift to a digital workforce induced by the pandemic will drive market growth through 2025.
• This report provides an invaluable guide to this disruptive theme. It includes comprehensive lists of the leading players across all aspects of the RPA value chain, helping companies identify the right partners.