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How fast is RPA growing?

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How fast is RPA growing?

The global RPA market is expected to grow at a compound annual growth rate of 32.8\% from 2021 to 2028 to reach USD 13.74 billion by 2028….

Report Attribute Details
Revenue forecast in 2028 USD 13.74 billion
Growth rate CAGR of 32.8\% from 2021 to 2028
Base year for estimation 2020
Historical data 2016 – 2019

Does RPA last?

“By 2021, task-centric RPA offerings in their current form will be obsolete. The simplistic task-focused RPA deployments that focus on routine, repetitive, rule-based workflow will give way to zeal and demand for automating more complex workflow.”

Is RPA still popular?

While we saw an increasing trend in RPA popularity between 2016 and 2017, there was not much increase during 2017-18. However, this was not an end to RPA’s growth. As you can see in the featured image at the top of the article, we observe that RPA is still growing in popularity as of 2020.

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How much is the RPA industry worth?

The global robotic process automation (RPA) market is forecast to grow to more than 13 billion U.S. dollars by 2030, an increase of more than 12 billion compared to 2020.

Why is RPA the future of shared services?

By optimising specific processes, RPA drives continuous improvement in shared services and allows staff to focus on more complex and value-adding activities, such as investment in differentiation, advanced technical know-how, data analytics and service delivery.

What is the scope of RPA in the future?

Wider Adoption. As it is getting older,more organizations are coming to know about this technology and its benefits.

  • Expansion. With the popularity of RPA,many use cases are also coming into the market.
  • Added Intelligence.
  • Integration of additional tools.
  • SPA will Combine.
  • Bots as service.

    • What is the future scope of any RPA tool?

    The scope of RPA is huge and wide . This is, in fact, going to be the future and most important thing in the coming years. RPA in the future is going to incorporate the following things: Incorporating AI for advanced decision-making and inferencing. Six areas of the bank are going to get completely automated.

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    What is the alternative for RPA?

    Parascript Document Processing Automation.

  • Nintex.
  • HelpSystems Automate RPA.
  • UiPath RPA.
  • WinAutomation.
  • Foxtrot Robotic Process Automation.
  • Nividous RPA.
  • Phantombuster.
  • ElectroNeek.
  • VisualCron.