ERPA Market Forecast Share, Analysis, Trend, Size, Growth and Forecast to 2027

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Enterprise Robotic Process Automation (ERPA) Market Overview

This market analysis report estimates that the global ERPA market would have escalation growth and the global market value would increase doubly during the forecast period of 2017-2023. Robotic process automation is a process comprised of artificial intelligence that has to be compatible with the software, so it could handle some specific tasks. 

Since the rising demand for AI and robotic automation process is fulfilled using innovative technological solutions by market players, the market growth is now more predictable with positive signs. One of the driving factors of the enterprise robotic process automation market is increasing participation of vendors and manufacturers in improving their smart tools and introducing new smart features in their service using automation process. Another factor can be the rapid implementation of the cloud-based technology to help the markets to grow, so the organizations can accept huge return for their investments. 

New robotic integrations such as Citrix automation, APIs, PaaSIaaS, and SaaS in the business application help with better customer’s requirement management as well as cloud management. Other than that the better network connectivity also improve the workflow positively influencing the market. However, there are still some restraints that can affect the market growth in the forecast period such as cyber threats, and initial complexities with understanding the technology functionality, etc.

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Market Segmentation

According to the recent market analysis of the Enterprise Robotic Process Automation market is segmented into operations, industries, process and type. On the basis of process market segment, the Enterprise Robotic Process Automation industry is classified into knowledge-based and rule-based. 

Furthermore, the industries segment is further segregated into telecom, healthcare, retail, manufacturers, BFSI, and others. Similarly, the operations segment is again classified into support, interaction solutions, automated solutions, management solutions, and others. 

Based on the type segments, the Enterprise Robotic Process Automation market is divided into services and tools. 

Regional Analysis

Geographically, the Enterprise Robotic Process Automation market is segmented into various regions that are North America, Europe, Asia-Pacific, and the rest of the world. The recent market study has shown that it can be positively predicted that North America would acquire the largest share in the global Enterprise Robotic Process Automation market in the forecast period. The reason would be rising demand for various business organizations looking for resource planning and integrating robotic automation process in their work process. 

The second-largest contributor in the ERPA market would be Europe region as more and more European countries are adapting robotic automation process in various industrial applications. With more key players investing in the market, the regional market size can expand effectively.  

Industry News

  • In 2017, Kofax as one of the leading software providers, launched their new product “KofaxKapow Solutions”, which is expected to solve many operational problems and improve the workflow. 
  • In 2020, Cleveland Clinic declared to integrate the application of UiPath robot, which would manage the current pages in the hospital, which would be helpful in saving time while conducting tests for Covid-19 infection. 
  • In 2017, UiPath, one of the popular key player of Enterprise Robotic Process Automation market partnered with Symphony Ventures to offer managerial services that includes entertainment, airlines, healthcare, and more.

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