Robotic Process Automation (RPA) Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

The global robotic process automation (RPA) market is anticipated to grow at a considerable CAGR of 31.6% during the forecast period. The growing demand and requirement for RPA in banking and other financial institutions are boosting the growth of the market during the forecast period. RPA assists banks and other departments associated with banks to automate repetitive manual processes and allows employees to focus on more critical tasks. The rise of digital banking solutions, cryptocurrency, mobile payments, and other new businesses has forced major banks to implement new technologies to offer better services to their customers and enhance customer satisfaction. According to IBEF, banks had to implement changes to accommodate new guidelines on moratoriums and execute transactions; insurance firms had to continue collecting confidential documents from their customers in a secure manner, and financial institutes had to disperse loans and credit for small and medium businesses as per government-assistance programs.

The players are launching and advancing new solutions based on robotic process automation for banks is contributing to the market growth. For instance, in April 2022, UiPath announced it will offer a new Automation as a Service offering on the Finastra cloud, designed to provide a managed service model for automation to Finastra’s thousands of banks, credit unions, and financial institution customers. With the new offering, UiPath and its partners can design, install, deploy, run, and maintain automated processes to enable the banking sector to leverage the power of automation along with the security and compliance of cloud-based infrastructure from Finastra, a leading pure-play financial services software provider.

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Market Coverage

                 The market number available for – 2021-2029

                 Base year- 2021

                 Forecast period- 2023-2029

Segment Covered- 

·                  By Type

·                  By Deployment 

·                  By Process

·                  By Application

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

                 Competitive Landscape- including Automation Anywhere, Inc., Blue Prism Ltd., Celaton Ltd., FPT Software Ltd., HelpSystems, LLC, NTT Advanced Technology Corp., Pegasystems, UiPath, and others.

Robotic Process Automation Market Report Segment

By Type

                 Software 

                 Services (consulting, Implementing, and Training) 

By Deployment 

                 Cloud 

                 On-Premise

By Process 

                 Automated Solutions 

                 Decision Support & Management Solutions

                 Interaction Solutions

By Application  

                 BFSI

                 Healthcare 

                 Retail 

                 IT & Telecom 

                 Manufacturing & Logistics 

                 Others (Media, Education, Energy & Utilities, and Travel)

A full Report of Robotic Process Automation (RPA) Market is Available @  https://www.omrglobal.com/industry-reports/rpa-market

Robotic Process Automation Market Report Segment by Region

North America                                                                                                                                                                            

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles 

                 Amelia LLC

                 Automation Anywhere, Inc. 

                 Blue Prism Ltd. 

                 Celaton Ltd. 

                 EdgeVerve Systems Ltd. (Infosys)

                 FPT Software Ltd. 

                 HelpSystems, LLC

                 KOFAX, Inc.

                 NICE Ltd.

                 NTT Advanced Technology Corp.

                 OnviSource, Inc.

                 Pegasystems

                 Redwood software Inc. 

                 UiPath 

                 Verint Systems Inc. 

                 Xerox Holdings Corp. 

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4.  Our expert research analysts answer all your questions before and after purchasing your report.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

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