USA Robotics Process Automation (RPA) Market is expected to grow at CAGR 25% during the forecast period, 2019-2025
Published | 16 September 2019
According to the recently
published report by BlueWeave Consulting, The USA Robotics Process Automation (RPA) Market
Robotics Process Automation
is the use of software with applications of artificial intelligence (AI) and
machine learning (ML), carry out high-volume, repetitive tasks like customer
service, sensitive tasks where chances of error time every or all whose tasks
performed by a human worker. To reduce the burden of repetitive, simple tasks
of the human employee, to make an error-free solution and better accountability
on output, are primary drivers for the significant growth of the USA RPA
market.
The growth in the RPA in USA
market can be attributed to the increasing demand of capability enhancement in
various organizations, performance and reduce operational costs, to increase
the speed of processing is expected to drive the Robotic process automation
market growth over the forecast timeline. With the help of the Internet of
things (IoT) like AI and Machine learning, RPA is also expected to improve
employees’ experience and reduce attrition.
The main driving factors for
significant growth in the USA RPA market are the rise in demand for improving
the competence and speeding up business processes by making an error-free
solution and within the targeted period of output. Additionally, high
efficiency with low cost is a few of the significant factors driving the market
of RPA. Furthermore, the RPA market is not only useful in terms of overall
economic value but will also add value in workforce management by improving
employee experience, e.g., staff productivity and improvement in attrition, and
improving quality control of company’s operations through applications of AI in
packaging department & inventory department. Overall, RPA is meant to
strengthen whole operations timing from x to 8x.
Browse Detailed Analysis
with TOC, “USA Robotic Process
Automation Market by Process (Automated Solution, Decision Support &
Management, Interaction Solution) by Industry (Banking, Financial Service and
Insurance (BFSI), Telecom & IT, Retail and Consumer Goods, Manufacturing,
Healthcare and Pharmaceuticals),by region(Northeast, Midwest, West), Size and
Forecast, 2018-2025”
At
The Robotics Processing
Automation (RPA) Market is an emerging technology product where all
enterprises, small or big, across the world, are looking towards it. There are
limited human natural resources for carrying out better performance, for
example, zero-error solution & within time. Therefore artificial
intelligence and machine learning-based Robotics will be better technology
options for the future prospectus. In recent years, the RPA market has shown
significant growth, especially in banking, healthcare, finance, and ITES
sector, because enterprises across the globe have started adopting new
technology which does away the repetitive process with much-improved accuracy
operational time.
Also, various enterprise
across the USA has initiated to adapting RPA in the operational process because
of RPA capabilities like proving the flexibility and benefits such as
cost-saving, scalability, enhanced accuracy, and compliance. Also, small and
large Industry in the USA is more focusing on transforming the traditional
Business Process Management (BPM) model. With time RPA has improved the
accuracy and better flexibility among operational works and has altered the
worldwide outsourcing industry as these tools are less expensive and perform a
repetitive and complex task.
Competitive
Dynamics:
The research states that the
USA Robotic Process Automation market is highly competitive, with players
developing new robotic process automation applications. Some of the key players
operating in the US robotic process automation ecosystem are Automation
Anywhere, UiPath Robotic Process Automation, Blue Prism, Pegasystems, AntWorks,
NICE, Kofax Kapow, Softomotive, Contextor, and AutomationEdge. Most of the
major vendors in the global robotic process automation market are actively
focused on enhancing their offerings to meet the ongoing demand for advanced
business automation solutions. This includes software integrated with
artificial intelligence and cognitive learning.
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