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Robotic
process automation is the application of technology to configure
computer software or a robot to capture and interpret existing
applications for rule-based processing of transactions, manipulate data,
trigger responses, and communicate with other digital systems. Robotic
process automation deals with the application of smart software to carry
out high-volume and repetitive tasks that usually take a lot of time
for humans to accomplish, and which are typically monotonous to perform
of robotic process automation market

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What are the Driving Factors of Evolution of technologies and consolidation of Robotic Process Automation Market?

The Robotic Process Automation Market is estimated to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022.

Robotic
process automation market for healthcare and pharmaceuticals will
likely to grow at the highest CAGR during forecast period

The
robotic process automation market for the healthcare and
pharmaceuticals industry is expected to grow at the highest CAGR during
forecast period. The healthcare and pharmaceuticals industry is highly
information-dependent, as it involves medical records of patients,
credentials of patients, information on claims processing, revenue cycle
management, etc. In this regard, robotic process automation not only
helps reduce operational costs but also ensures greater accuracy. The
interactive solutions offered by robotic process automationhelp
efficiently manage data, reduce medical transportation costs, lower
appointment scheduling errors, and so on.

Robotic Process Automation Marketby Top Companies Profiles:
Hardware market for AR and VR is expected to grow more than the software market in the forecast period.

The
robotic process automation market for North America held the largest
market size in 2018 and is expected to dominate the market during
forecasted period. In the US, BFSI has been leveraging robotics process
automation to improve business processes since 2010. Due to the high
degree of flexibility and scalability of the solution, as well as
greater data processing and workflow management capabilities, there is
widespread deployment of robotic process automation in the BFSI space.

Major players in the robotic process automation marketare Nice Systems
Ltd. (Israel), Automation Anywhere (US), Blue Prism Group Plc (UK),
Celaton Ltd. (UK), IPSoft, Inc. (US), Pegasystems Inc. (US), Redwood
Software (US), UiPath SRL (UK), Verint Systems Inc. (US), and Xerox
Corporation (US) are few dominant players in the robotic process
automation market.

Robotic Process Automation MarketRegional Insight by MarketsandmarketsTM Research:
North America is expected to dominate the robotic process automation market during forecast year

The
growth of robotic process automation in Canada is driven by the ramp-up
of the banking and financial industry. Human resource outsourcing,
business process outsourcing, and contact center outsourcing have seen
tremendous growth in Canada in recent times. The growth of the RPA
market in Mexico is driven by the booming manufacturing industry. New
factories and manufacturing units are being built in Mexico, requiring
proper supply chain management to be implemented to reduce costs.
Inventory management, purchase order, stocking goods, and economic order
quantity management require automated processes—backed by software
bots.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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