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RoboticProcessAutomation (RPA) is being adopted by enterprises worldwide by leaps and bounds. The global RoboticProcessAutomation market is predicted to top $3.7 billion by 2028, according to a recent report by Grand View Research. This represents a compound annual growth rate (CAGR) of 32.8%.
Automation tools such as RoboticProcessAutomation (RPA) are helping them achieve those goals. According to Grand View Research, the as-a-service segment accounted for more than 61% of the market share in 2020 and is expected to grow further at the highest CAGR from 2021 to 2028.
The Intelligent Automation industry is on the cusp of incredible growth. By 2028, it’s projected to reach an astounding USD 200-240 Bn , from today’s USD 50-60 Bn. As of now, Intelligent Automation Services represent a USD 23-25 Bn component of the overall market.
Specifically, Intelligent Automation , a convergence of Automation technologies comprising RoboticProcessAutomation (RPA), Low Code/No Code, Intelligent Document Processing (IDP), Intelligent Virtual Assistance (IVA), Process Mining, and Intelligent Content Generation, serves as a transformative force in contemporary industries.
CAGR between 2021-2028. RoboticProcessAutomation. According to Deloitte , RoboticProcessAutomation (RPA) will be how everyone does business (in some form) in 2023. BPO continues to drive the global market’s growth. The BPO industry is expected to grow by 8.5% Outsourcing is here to stay.
Specifically, Intelligent Automation , a convergence of Automation technologies comprising RoboticProcessAutomation (RPA), Low Code/No Code, Intelligent Document Processing (IDP), Intelligent Virtual Assistance (IVA), Process Mining, and Intelligent Content Generation, serves as a transformative force in contemporary industries.
While not a new shift, in 2025, organisations will keep handing over manual and repetitive tasks , once performed by humans, to programs or robots. Indeed, 53% of decision-makers say their organisations are investing in roboticprocessautomation (RPA). billion by 2028. Especially in the healthcare industry.
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