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Robotic Process Automation Market 2018: Size, Share, Trends, Research, Analysis, Growth Rate, Business Opportunities and Competitive Landscape | COVID-19 Impact

Market Highlights

Robotic process automation (RPA) is the process of handling repeatable tasks of huge volume. This process makes use of technologies such as machine learning and artificial intelligence. The global robotic process automation market, as per this analysis by Market Research Future (MRFR), is anticipated to strike 29% CAGR across the forecast period 2017 to 2023. The market has been assessed to exceed USD 2700 Mn mark in terms of value by the end of the review period.

Robotic process automation is the most advanced concept among both the manufacturing and industrial sector. Its ability to enhance productivity makes it explicit. Through the usage of robotic process automation, the production process gets much easier. It enables companies to produce things in huge quantities at a much lower budget. Moreover, things can be achieved at a much fast speed. The growing demand for smartphones is one of the prominent reasons behind the promising market prospect of robotic process automation for smartphone manufacturing.

With many creative solutions in mobile interface development, the process is getting more inspiring for the market perspective. Key factors like grown usage of social media applications, etc., contribute immensely towards the Global Robotic Process Automation Market. The massive scope for smartphones encouraging manufacturers for coupling greater features into smartphones is one of the prime reasons behind the market growth. Moreover, this growth rate is expected to remain steady all across the globe as each market is equally established.

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On the basis of process, the global robotic process automation market has been segmented into automated solution, decision support and management solution, and interaction solution.

Based on operations, the robotic process automation market has been segmented into spend analysis, e-sourcing, e-procurement, contract management, and supplier management.

On the basis of type, the robotic process automation market has been segmented into tools, travel & logistics, and services.

The industry-based segments of the robotic process automation market identified in this report are BFSI, transportation, healthcare & pharmaceuticals, IT & telecommunication, retail, travel, manufacturing & logistics, hospitality, and others.

Regional Analysis

On the basis of region, the global market for robotic process automation is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is anticipated as the most dominant name in the robotic process automation for the smartphone manufacturing market during the forecast period. It’s the massive development in the IT industry that is being touted as the reason. Asia-Pacific is speculated as to the next big destination for robotic process automation for the smartphone manufacturing market. Interestingly, the market is expected to grow at a much faster rate during the forecast period than ever. The European market looks equally promising, as well.

Industry News

3rd Watch News publishes a report on Global Robotic Process Automation for Market. It analyses all the crucial aspects associated with the growth of the market and factors playing a determinant role in the expansion. It predicts the growth rate and identifies the market where the growth is expected to be the most significant throughout.

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