Why Robotic Process Automation Is a Necessity ?

                                                           RPA Market

 Robotic process automation is the use of specialized computer programs, known as software robots, to automate and standardize repeatable business processes. Imagine a robot sitting in front of a computer looking at the same applications and performing the same keystrokes as a person would do. While Robotic Process Automation does not involve any form of physical robots, software robots mimic human activities by interacting with applications in the same way that a person does.

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The global RPA market for the verticals is fragmented into BFSI, Telecommunications, retail, healthcare, transportation & logistics and others. The segmentation is based upon the need for RPA to improve back end and front end business processes. Telecommunications and BFSI cumulatively in the RPA market have acquired the biggest share of almost one-fourth in 2017, followed by Transportation & logistics and healthcare. Telecommunications, particularly the BPOs are the early adopters of RPA. The increase in the demand for the global network the telecom industry is facing many challenges in providing the advanced services to its customers. The issues faced by various companies are handling a huge data, developing new and advanced services, controlling cost, and focusing on business efficiency; which may hinder the company's operation, profitability, and focus on the customer.

The List of Companies 

1. Blue Prism Group Plc.
2. Workfusion
3. Uipath
4. Thoughtonomy Ltd.
5. Nice Systems Ltd.
6. Automation Anywhere Inc.
7. Softomotive
8. Pegasystems Inc.
9. Redwood Software
10. Kryon Systems

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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, the primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the RPA industry.

Source – PREMIUM MARKET INSIGHTS