The Global Robotic Process Automation (RPA) Market is anticipated to grow at a CAGR of 29.5% during the forecast period 2018-2026. The market was predicted to be valued at $8,781.2 million by the year 2026.
The Global Robotic Process Automation (RPA) Market growth is driven by some major factors such as increasing demand of error-free processes in businesses and efficient work flow system boost the adoption rate of RPA technology in the industries.
The major market players contributing in the market growth are Kryon Systems (Israel), Daythree Business Services SDN BHD (Malaysia), Redwood Software (Netherlands), Pegasystems Inc. (U.S.), Verint Systems Inc. (U.S.), UiPath (U.S.), Ipsoft, Inc. (U.S.), Automation Anywhere Inc. (U.S.), Xerox Corporation (U.S.), Kofax Ltd. (U.S.), Softomotive (UK), Celaton Ltd. (UK), and Blue Prism Group Plc (UK).
Automation Anywhere Inc.
Automation Anywhere Inc. was founded in 2003 and the company was founded in the United States. The company deals in Robotic Process Automation (RPA) platform and company’s enterprise-grade platform that uses software bots for performing repetitive work in various industries. The company serve more than 2,800 customers and more than 1,600 brands of the enterprises. The AI-enabled solution scale and manage business processes in fast manner with reduced operational costs and with non or near-zero error rates. The end-user applications of the company include logistics, telecom, manufacturing, technology, healthcare, insurance and financial services industries.
Blue Prism Group
Blue Prism Group was founded in 2001 and the company is based in the United Kingdom. The company is majorly engaged in robotic process automation (RPA). Software robots that are manufactured by the company to automate tasks related to routine back-office. The company is also involved in licensing for software licenses for customers, professional training and services, cognitive technologies and execution platform for Artificial Intelligence. Company’s enterprise-grade software provides administrative processes, rules-based and enables the automation processes to work with back-office. The company operates in London and Manchester, San Francisco, New York, Chicago and Miami. Blue Prism Software Inc. and Blue Prism Limited are the subsidiaries of the Company.
Redwood Software was founded in the year 1993 and the company is based in United States. The company provides Software Solutions, RoboFinance, Robotic Process Automation, Robotization Services, Business Process Automation, Data Processing, Business Intelligence, Report Generation, Report Distribution, Process Automation, Risk Management, Enterprise Process Automation, IT Process Automation and Data Integration.
Kryon Systems was founded in the year 2008 and the company is based in Israel. The company provides robotic process automation and develops an AI-based platform for producing discovery solutions for enterprises.
On February 2019, the company raised $40 million in series C financing from OAK HC/FT.
On February 2018, the company announced a launch of RPA Platform as a Service (PaaS) for on cloud premises. This platform is produced with a focus to offer Kryon’s customers Robotic Process Automation activities via an enterprise-ready platform.
UiPath was founded in the year 2005, the company is based in the United States. It is a software company that develops a robotic process automation platform. The company served more than five thousand customers worldwide. The company’s employee base increase to more than 2,900 employees across more than 25 offices.
The Global Robotic Process Automation (RPA) Market research study compiled by Report Ocean offers various other chapters that offers the market study on the basis of various points. The research report primarily focuses on company profile section, as it provides a real-time scenario of the market condition.
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