The global RPA market is anticipated to grow at a substantial CAGR of 31.6% during the forecast period. The increased usage of robot-based solutions among the players is fueling the growth of the market during the forecast period. The use of robotics will increase productivity and has the potential to bring more manufacturing production work back to developed countries. As productivity increases, labor is likely to receive a significant share of the benefits. Moreover, robot adoption will likely be a critical determinant of productivity growth and has the potential to reshape global supply chains.
The major companies serving the global RPA market include Automation Anywhere, Inc., Blue Prism Ltd., Celaton Ltd., FPT Software Ltd., HelpSystems, LLC, NTT Advanced Technology Corp., Pegasystems, UiPath, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.