The worldwide robotic course of automation (RPA) software program and providers market might be price $20.1 billion in 2030, up from $4.8 billion in 2021, a report stated.
Companies in just about each trade accelerated their automation efforts in the course of the pandemic. As RPA is a comparatively quick answer to implement, it permits enterprises to make headway on their digital transformation efforts, in keeping with GlobalData, a number one information and analytics firm.
“Covid-19 highlighted the need of coordinating automation throughout a enterprise. This has accelerated the event of RPA as corporations transfer away from stand-alone automation capabilities and as a substitute supply RPA as a part of a broader toolkit of automation and synthetic intelligence (AI) applied sciences, permitting for end-to-end automation of extra advanced enterprise processes,” defined Nicklas Nilsson, marketing consultant for thematic analysis at GlobalData.
RPA capabilities are more and more being embedded into numerous digital transformation instruments and providers.
Because of this, quite a few RPA acquisitions have taken place within the final couple of years. There have been 159 RPA-related mergers and acquisitions (M&A) offers between 2014 and 2021, with 2021 being a report yr.
“Cloud and platform giants corresponding to Microsoft, ServiceNow and Salesforce have recognised that software program budgets are shifting in direction of automation and RPA and have eagerly turned to M&A so as to add RPA to their automation portfolios,” stated Nilsson.
RPA will proceed to draw consideration within the coming years for its position in serving to enterprises speed up digital transformation and modernize conventional enterprise processes.
“Integrating clever applied sciences like AI and making the know-how extra accessible utilizing low-code instruments and cloud RPA might be excessive up on the agenda going ahead for all corporations searching for to change into the go-to, one-stop-shop automation platform round which all others are centered,” Nilsson added.
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