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Robotic Process Automation Market Size Growing at 35.9% CAGR Set to Reach USD 25.1 Billion By 2030

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TOKYO, Feb. 14, 2023 (GLOBE NEWSWIRE) — The Global Robotic Process Automation Market Size accounted for USD 1.6 Billion in 2021 and is projected to achieve a market size of USD 25.1 Billion by 2030 rising at a CAGR of 35.9% from 2022 to 2030.

Robotic Process Automation Market Research Report Highlights and Statistics

  • The Global Robotic Process Automation Market size in 2021 stood at USD 1,600 Million and is set to reach USD 25,100 Million by 2030, growing at a CAGR of 35.9%
  • The adoption rate of RPA has increased rapidly in recent years, with many companies adopting RPA in their operations.
  • The finance and banking sector dominates the robotic process automation market share, followed by the manufacturing, healthcare, retail, and others.
  • Cloud-based deployment models are rapidly gaining popularity, accounting for more than 60% of the total RPA market share.
  • The North American region’s robotic process automation market share is expected to be the largest, with Europe and Asia-Pacific following closely behind.
  • Major players in the RPA market include Automation Anywhere, Blue Prism, UiPath, WorkFusion, and others.

Robotic Process Automation Market Overview

Robotic Process Automation (RPA) is an innovative technology that uses software robots to automate manual, repetitive, and rule-based tasks that were previously performed by humans. The RPA market has witnessed substantial growth in recent years, owing to its ability to streamline business operations and increase efficiency while reducing costs.

The utilization of RPA ranges across various industries such as finance, healthcare, retail, and others, where it finds diverse applications. For instance, in the financial services sector, RPA can be used to automate the reconciliation of accounts, loan processing, and fraud detection. In the healthcare sector, RPA can assist with claims processing, appointment scheduling, and patient data management.

The versatility of RPA is further accentuated by its capability to integrate with various systems and applications, including legacy systems, cloud services, and Artificial Intelligence (AI) and Machine Learning (ML) technologies. This makes it an ideal solution for organizations seeking to digitize and streamline their operations.

The RPA market continues to grow, offering organizations a reliable, efficient, and cost-effective solution to automate mundane and repetitive tasks. With its diverse range of applications, organizations can leverage RPA to improve operational efficiency and stay ahead in the competitive business landscape.

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Cloud Storage Market Report Coverage:

Market Robotic Process Automation Market
Robotic Process Automation Market Size 2021 USD 1.6 Billion
Robotic Process Automation Market Forecast 2030 USD 25.1 Billion
Robotic Process Automation Market CAGR During 2022 – 2030 35.9%  
Robotic Process Automation Market Analysis Period 2018 – 2030
Robotic Process Automation Market Base Year 2021  
Robotic Process Automation Market Forecast Data 2022 – 2030
Segments Covered By Type, By Deployment, By Organization Size, By Application, And By Geography
Robotic Process Automation Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Automation Anywhere, Blue Prism Limited, EdgeVerve Systems Limited, Kofax Inc., FPT Software, NTT Advanced Technology Corporation, OnviSource, Inc., Pegasystems Inc., UiPath, and Xerox Corporation.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Trends in the Robotic Process Automation Market

  • Increased adoption by SMEs: Small and medium-sized enterprises (SMEs) are increasingly adopting RPA solutions, recognizing its potential to streamline operations and increase efficiency.
  • Increased focus on security: With the rise of cyber threats, organizations are placing increased emphasis on security measures in their RPA solutions to protect sensitive data.
  • Increased focus on user experience: Organizations are focusing on improving the user experience of RPA solutions, making them more intuitive and user-friendly.
  • Adoption by and heavy growth in the healthcare sector: The healthcare sector is rapidly adopting RPA solutions, recognizing its potential to improve patient care and streamline operations.
  • Increased adoption by the retail sector: The retail sector is increasingly adopting RPA solutions, recognizing its potential to improve customer experience and increase efficiency.
  • Increased investment in RPA development: Organizations are investing heavily in the development of RPA solutions, recognizing its potential to transform their operations.
  • Increased demand for low-code platforms: The demand for low-code platforms that enable non-technical users to develop and deploy RPA solutions is increasing.
  • Increased demand for RPA service providers: The demand for RPA service providers that specialize in developing, deploying, and managing RPA solutions is increasing.

Robotic Process Automation Market Dynamics

  • Increased efficiency and cost savings: RPA helps organizations streamline operations, reduce errors and increase efficiency, leading to significant cost savings.
  • Increased demand for automation solutions: The demand for automation solutions is increasing, as organizations seek to improve their operations and remain competitive in a rapidly changing business landscape.
  • Improved customer experience: RPA helps organizations improve customer experience by streamlining processes and reducing wait times.
  • Improved compliance: RPA helps organizations comply with regulations and standards, reducing the risk of compliance violations and legal action.
  • Improved data analysis: RPA helps organizations analyze data more efficiently, improving decision-making and enabling organizations to make data-driven decisions.
  • Improved accuracy: RPA reduces human error and increases accuracy in tasks, improving the quality of operations and reducing the risk of errors.

Growth Hampering Factors in the Robotic Process Automation Market

  • High initial investment costs: The high initial investment costs associated with RPA solutions may discourage organizations from adopting RPA, particularly small and medium-sized enterprises (SMEs).
  • Data security concerns: Organizations may be concerned about the security of sensitive data processed by RPA solutions, hindering their adoption.
  • Complex implementation: Implementing RPA solutions can be complex and time-consuming, requiring significant resources and expertise.
  • Competition from other technologies: RPA may face competition from other technologies, such as artificial intelligence (AI) and machine learning, that offer similar benefits.
  • Lack of scalability: Some RPA solutions may not be scalable, making it difficult for organizations to expand their RPA solutions as their needs change.
  • Lack of customization: Organizations may struggle to find RPA solutions that are customized to their specific needs, hindering their adoption.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/robotic-process-automation-market

Market Segmentation

By Type

  • Implementing
  • Consulting
  • Training

By Deployment

  • On Premise
  • Cloud

By Organization

  • SMEs
  • Large Enterprises

Robotic Process Automation Market Overview by Region

North America has the largest Robotic Process Automation market share, with the United States being the largest contributor to this growth. The increasing adoption of RPA by the healthcare and financial services sectors in the United States is driving the growth of the RPA market in North America.

Europe has the second largest Robotic Process Automation market share, with significant growth being observed in countries such as the United Kingdom, Germany, and France. The increasing adoption of RPA by the retail and banking sectors in Europe is driving the growth of the RPA market in this region.

The Asia-Pacific region has the fastest-growing Robotic Process Automation market share, with significant growth being observed in countries such as China, India, and Australia. The increasing adoption of RPA by the manufacturing and BPO sectors in the Asia-Pacific region is driving the growth of the RPA market in this region.

The Latin American and MEA regions have a low market share for robotic process automation however they are set to grow steadily in the future with significant market for RPA in Brazil, UAE, Saudi Arabia etc.

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Robotic Process Automation Market Key Players

The Robotic Process Automation (RPA) market is highly competitive and has a large number of players. Some of the major players in the RPA market include: UiPath, Blue Prism, Automation Anywhere, WorkFusion, Pega Systems, NICE, Cognizant, Infosys, Wipro, Accenture, HCL Technologies, TATA Consultancy Services, KPMG, Deloitte, EY, Capgemini, Atos, Kofax, Genpact and Virtusa. These players are engaged in offering innovative RPA solutions and services to organizations across various industries, helping them streamline their operations and improve efficiency. The competitive landscape of the RPA market is dynamic, with new players entering the market and existing players continuously expanding their product offerings and services.

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Artificial Intelligence

Wirex Executive Joins CryptoUK’s New Policy Committee

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LONDON, May 21, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is proud to announce that Chet Shah, Global Chief Risk & Compliance Officer at Wirex, has joined CryptoUK’s newly established Policy Committee.

CryptoUK, the premier trade body representing the UK’s digital asset sector, formed its new Policy Committee which brings together industry-leading experts from the legal, regulatory, and compliance sectors. The committee’s mission is to provide strategic policy guidance, advocate for regulatory clarity, and foster innovation to support the growth of the UK’s digital assets industry.
This appointment underscores Wirex’s commitment to advancing regulatory clarity and innovation in the digital asset sector.
Chet brings a wealth of experience in risk and compliance. His background covers banking, auditing, and traditional finance, as well as solid expertise in the cryptocurrency space. At Wirex, Chet has been crucial in building and improving relationships with global regulators, including the Financial Conduct Authority, and authorities in countries including Singapore, Croatia, and Italy.
Chet’s approach prioritises commercially focused compliance and risk management, ensuring that Wirex operates smoothly at the intersection of traditional finance and Web3. His ability to balance regulatory requirements with innovation has been key to Wirex’s growth and success.
Commenting on his appointment, Chet said, “My experience aligns perfectly with the committee’s goals and together, we can advocate for policies that balance regulation with growth in the digital assets space.”
About Wirex 
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management.
Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
| wirexapp.com |
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Artificial Intelligence

Media Production Company Egg Is Coming Chooses Infortrend SAN Storage to Empower Content Creation Workflows

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TAIPEI, May 21, 2024 /PRNewswire/ — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, today announced that Korean media production company Egg is coming is leveraging Infortrend’s storage solution for M&E – EonStor DS enterprise SAN storage to empower content creation workflows and store the growing volume of UHD videos they produce.

Egg is coming is a media content production company operating as a spin-off from the South Korean entertainment giant CJ ENM Entertainment Division, the distributor of Oscar-winning movie “Parasite”. With the renowned producer Lee Myung-han as its CEO, Egg is coming specializes in production of popular entertainment content, including drama series, broadcast programs, music videos, etc. The team has successfully produced numerous renowned series, including “Hospital Playlist” which became the ninth highest-rated Korean drama in cable television history at the time.
As the company was established, they started looking for a high-speed shared storage solution. Infortrend’s EonStor DS SAN storage came highly recommended by a major media company that has been successfully using it with Tiger Technology’s SAN file sharing solution. Trusting this recommendation, Egg is coming adopted EonStor DS for video editing application. In total, four DS 4016 appliances, expanded with four units of JB 3060L expansion enclosure, were chosen for the initial deployment of the studio’s storage system. The solution provides 1.8 PB total capacity to store ever-expanding UHD video content and enables seamless workflows for 29 simultaneous post-production processes.
“Infortrend’s SAN storage EonStor DS was recommended to us by a major media production company, and we are happy that we adopted the same solution as DS enables fast and comfortable collaboration between 29 video editors,” – said Changmin Sim, the Team Leader of the Video Editing Team at Egg is coming.
Learn more about EonStor DS
About Infortrend
Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com
Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

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Gcore And Xsolla Announce Partnership To Drive Global Game Distribution And Faster Downloads

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Gcore’s edge network to deliver Xsolla Launcher, ensuring global reach, smoother game downloads and higher conversion rates

LUXEMBOURG, May 21, 2024 May 21, 2024 — Gcore, the global edge AI, cloud, network, and security solutions provider, announced its partnership with video game commerce company Xsolla. The alliance will enable Xsolla to provide game developers and publishers with new global distribution channels catering to gamers worldwide, regardless of their locations. With Gcore’s 180 global points of presence (PoPs), players will benefit from reduced time-to-play and smoother, more efficient game downloads.
Xsolla Launcher is a powerful tool for game development companies of all sizes to widen distribution and easily build communities. It streamlines game installation, enhances player communication, and boosts monetization, allowing developers to concentrate on creativity and business logic. By leveraging Gcore’s robust CDN, Xsolla Launcher ensures seamless, speedy game downloads for all players by efficiently fetching and caching game components and initiating rapid downloads upon player request.
“At Xsolla, we’re committed to elevating the gaming experience for developers and players globally,” said David Stelzer, President of Xsolla. “Our collaboration with Gcore’s cutting-edge CDN technology significantly narrows the gap between the game and its players by delivering assets at unparalleled speed. This integration into our new Xsolla Launcher sets the bar for high-performance service and empowers our customers to focus on what they do best: create captivating games.”
Xsolla engineers chose Gcore CDN for its global network of 180+ edge servers, ensuring uninterrupted delivery of game assets worldwide. With a network capacity exceeding 110 Tbps and connectivity to 14,000 peering partners, Gcore averts congestion and disruptions, even during major releases. Operating under strict security measures and meticulous server maintenance, Gcore guarantees exceptional availability. Additionally, Gcore’s CDN integration with its proprietary DNS services further minimizes the risk of service interruptions or outages.
“We’re thrilled to be part of Xsolla’s pioneering solution, driving the gaming industry forward,” commented Ilya Matveev, Business Development Director at Gcore. “Xsolla Launcher brings flexibility to the industry, allowing companies to implement a D2C approach – a way to monetize their existing game fan base without the burden of platform fees. Relying on the power of Gcore’s edge infrastructure, Xsolla Launcher is revolutionizing game distribution by eliminating market barriers, reducing development costs, and fostering creativity.”
Read more about the partnership via this link.
About Gcore
Gcore is a global edge AI, cloud, network, and security solutions provider. Headquartered in Luxembourg, with a staff of 600 operating from ten offices worldwide, Gcore provides solutions to global leaders in numerous industries. Gcore manages its global IT infrastructure across six continents, with one of the best network performances in Europe, Africa, and LATAM due to the average response time of 30 ms worldwide. Gcore’s network consists of 180 points of presence worldwide in reliable Tier IV and Tier III data centers, with a total capacity exceeding 110 Tbps.Website | Twitter | Facebook | LinkedIn
About Xsolla 
Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Beijing, Guangzhou, Seoul, Tokyo, Kuala Lumpur, Raleigh, and cities around the world, Xsolla supports major gaming titles like Valve, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.
Website | Twitter | Facebook | LinkedIn
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