Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Global Robotic Process Automation Market Size to Grow USD 25.83 Billion by 2030 | CAGR of 6.85%: Spherical Insights

Published

on

<!– Name:DistributionId Value:8792664 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1264025 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:23158c47-1825-4a2a-acf8-2da493b074ae –>

New York, United States,, March 21, 2023 (GLOBE NEWSWIRE) — According to a research report published by Spherical Insights & Consulting, The Global Robotic Process Automation Market Size is to Grow from USD 6.85 Billion in 2021 to USD 25.83 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 30.76% during the forecast period.

Key Insights

  • The Global Robotic Process Automation Market Size was valued at USD 6.85 Billion in 2021
  • The Worldwide Market is growing at a CAGR of 30.76% from 2022 to 2030
  • The Worldwide Robotic Process Automation Market is expected to reach USD 25.83 Billion by 2030 

Get a Free Sample Copy of This Report @ https://www.sphericalinsights.com/request-sample/1552

RPA technologies enable the automated execution of various tasks and transactions across disparate software systems by deploying scripts that mimic human operations. RPA tools can be used for a number of activities, including as receiving an invoice through email, extracting the data, and putting it into a bookkeeping system. Robotic process automation excels in transaction processing due to its superior accuracy, reduced cycle time, and increased productivity.

The Growth of the robotic process automation Market is being driven by the rising usage of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the cloud. Major organizations are substantially investing in and utilizing robotic process automation to help automate their company operations and handle more complex data. However, the high cost of infrastructure and the constraints of customisation associated with RPA are hampering Market Growth.

Browse key industry insights spread across 200 pages with 100 market data tables and figures & charts from the report on the “Global Robotic Process Automation Market Size, Share, and COVID-19 Impact Analysis, By Type (Software, Services), By Deployment Model (On-Premises, Cloud), By Industry Vertical (BFSI, Retail & Consumer Goods, Healthcare & Pharmaceuticals, IT & Telecommunication, Communication and Media & Education, Government & Defense, Energy & Utilities, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030″ Get Detailed Report Description Here:https:https://www.sphericalinsights.com/reports/robotic-process-automation-market

The services segment is witnessing significant CAGR Growth over the forecast period.

On the basis of type, the Global Robotic Process Automation Market is segmented into software and services. Among these, the services segment is expected to increase at a significant CAGR during the forecast period. The need for robotic process automation as a service has been fueled by ongoing improvements in automation services that enable great scalability while minimizing cost. Robotic process automation services also improve accuracy and lower the cost of establishing a virtual workforce.

The on-premises segment is dominating the market over the forecast period.

On the basis of type, the Global Robotic Process Automation Market is segmented into on-premises and cloud. Among these, the on-premises segment is witnessing significant CAGR growth over the forecast period. The growing adoption of on-premises robotic process automation by small businesses looking to save money by automating a significant volume of activities with RPA and having adequate IT assistance to maintain the infrastructure.

The BFSI segment is dominating the market with the largest market share of 33% over the forecast period.

Based on the industry verticals, the Global Robotic Process Automation Market Size is segmented into BFSI, retail & consumer goods, healthcare & pharmaceuticals, IT & telecommunication, communication, and media & education, government & defense, energy & utilities, and others. Among these, the BFSI segment is dominating the market with the largest market share of 33% over the forecast period. The use of robotic process automation increases efficiency and work speed by allowing the BFSI sector to build new policies and services by combining robotic process automation with AI.

Similarly, the healthcare and pharmaceutical industries have recognized the value of contemporary IT infrastructure and are changing their focus to integrating future technologies into present infrastructure.

Robotic Process Automation Market Report Scope: –

Report Metric Details
Market Size 2030 USD 25.83 Billion
CAGR 30.76% (2020-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Segments Covered By Type, By Deployment Model, By Industry Vertical, By Region
Report Coverage Drivers, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Geographies Covered North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa and Rest of the World
Key Companies Profiled/Vendors IBM Corporation, EdgeVerve Systems Ltd., Automation Anywher, KOFAX, Inc., Kyron Systems, OnviSource, Inc., Blue Prism Group PLC, FPT Software, Pegasystems Inc., Nice Systems Ltd., WorkFusion, Inc., UiPath, Jacada Inc., Salesforce, Xerox Corporation, Microsoft Corporation, NTT Advanced Technology Corp., Datamatics Global Services Limited

Immediate Delivery Available, Buy Now Full Report @ https://www.sphericalinsights.com/checkout/1552

North America is dominating the market with the largest market share of 62%.

North America, with a 62% market share, is expected to remain the industry’s leading region during the projection period. The United States is one of the world’s largest markets for robots, as well as a key inventor and leader in robotics adoption. Increasing government and regulatory actions to promote RPA deployment across a wide range of industries are expected to boost market growth during the forecast period.

Asia Pacific is predicted to grow the fastest over the forecast period, owing to the increased adoption of robotic process automation across a wide range of industries, including manufacturing, retail, IT & Telecom, healthcare & pharma, and many others.

Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Global Robotic Process Automation Market based on the below-mentioned segments:

Global Robotic Process Automation Market, By Type

  • Software
  • Services

Global Robotic Process Automation Market, By Deployment Model

  • On-Premises
  • Cloud

Global Robotic Process Automation Market, By Industry Vertical

  • BFSI
  • Retail & Consumer Goods
  • Healthcare & Pharmaceuticals
  • IT & Telecommunication
  • Communication and Media & Education
  • Government & Defense
  • Energy & Utilities
  • Others

Regions Covered

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

List of Key Companies

  • IBM Corporation
  • EdgeVerve Systems Ltd.
  • Automation Anywhere
  • KOFAX, Inc.
  • Kyron Systems
  • OnviSource, Inc.
  • Blue Prism Group PLC
  • FPT Software
  • Pegasystems Inc.
  • Nice Systems Ltd.
  • WorkFusion, Inc.
  • UiPath
  • Jacada Inc.
  • Salesforce
  • Xerox Corporation
  • Microsoft Corporation
  • NTT Advanced Technology Corp.
  • Datamatics Global Services Limited

Get a Discount on Report at https://www.sphericalinsights.com/request-discount/1552

Some Recent Developments News in the Global Robotic Process Automation Market:

  • In October 2022, Pegasystems Inc. has unveiled the next version of Robot Studio, the low-code authoring environment for Pega’s intelligent automation platform. The updated Robot Studio makes it even easier for users of any experience level to swiftly design robotic automations that improve the efficiency of any business process.
  • In October 2022, Automation Anywhere, a provider of robotic process automation, has introduced its Automation Success Platform, which includes new robotic process automation solutions for process discovery and document processing. This popular platform enables businesses to automate all elements of their operations.

Have a Look at the Related Research Report?

Global Industrial Automation Market Size, Share, and COVID-19 Impact Analysis, By Type (Hardware, Software, Services), By Solution (Distributed Control System (DCS), Supervisory Control & Data Acquisition (SCADA), Human Machine Interface (HMI), Robotic Process Automation (RPA), Artificial Neural Network (ANN), Others), By Industry Verticals (Chemicals, Aerospace &Defense, Automotive, Healthcare& Medical Devices, Energy & Utilities, Manufacturing, Oil & Gas, Mining,Electronics & Semiconductors, Transportation, Other Industries) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030

Global Robo Advisory Market Size, Share, and COVID-19 Impact Analysis, By Type (Pure Robo Advisor and Hybrid Robo Advisor), By Provider (Fintech Robo Advisors, Banks, Traditional Wealth Managers, and Others), By Service Type (Direct Plan-based/Goal-based and Comprehensive Wealth Advisory), By End User (Retail Investor and High Net Worth Individuals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030

Global Medical Robots Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Offering (Surgical Robots, Rehabilitation Robots, Telemedicine Robots, Pharma Robots, Medical Service Robots, and Others), By Application (Cardiology, Neurology. Laparoscopic, Orthopedic, and Others), By End-User (Hospitals, Ambulatory Surgery Centers, Rehabilitation Centers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2030

Japan Artificial Intelligence (AI) in Healthcare Market Size, Share, and COVID-19 Impact, By Offering (Software, Hardware, Solutions, Services), By Application (Critical Care, Robot-Assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis, Medical Administration & Support, Other Applications), By End-User (Hospitals & Clinics, Healthcare Providers, Pharmaceutical & Biotechnology Companies, Patients, Contract Research Organization, Others) and Japan Artificial Intelligence (AI)in Healthcare Market Insights Forecasts to 2030

About the Spherical Insights 

Spherical Insights is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

Contact Us: 

Company Name: Spherical Insights 

Email: [email protected] 

Phone: +1 303 800 4326 (US) 

Follow Us: LinkedIn | Facebook | Twitter

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

First Comprehensive Report on Public Web Data Released by Bright Data

Published

on

first-comprehensive-report-on-public-web-data-released-by-bright-data

Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.

Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
Logo – https://mma.prnewswire.com/media/2276620/Bright_Data_logo__1044x234_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html

Continue Reading

Artificial Intelligence

OSIA becomes an official International Telecoms Union (ITU) standard

Published

on

osia-becomes-an-official-international-telecoms-union-(itu)-standard

ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).

The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html 
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor.  More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/ 
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
Logo: https://mma.prnewswire.com/media/2394623/OSIA_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/osia-becomes-an-official-international-telecoms-union-itu-standard-302124668.html

Continue Reading

Artificial Intelligence

SciBase will present at the Redeye Medtech Event on April 24th

Published

on

scibase-will-present-at-the-redeye-medtech-event-on-april-24th

STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.

On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
 

View original content:https://www.prnewswire.co.uk/news-releases/scibase-will-present-at-the-redeye-medtech-event-on-april-24th-302124656.html

Continue Reading

Trending