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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. Three-fourths of them ( 75%) are more reliant on RPA compared with their pre-pandemic operations Moving to RPA-as-a-Service Traditional RPA is software that mimics human digital behavior.
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 AutomationServices 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.
BPO provides clients with customer-facing (front office) or infrastructure (back office) capacity for sales, customer service, virtual receptionists, accounting, HR, and IT. Outsourcing provides a boost to production (or service capacity) at a lower cost than you could in-house. CAGR between 2021-2028. Cost reduction.
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.
This transition can also improve customer service by enabling faster responses and smoother collaboration with external partners. While not a new shift, in 2025, organisations will keep handing over manual and repetitive tasks , once performed by humans, to programs or robots. billion by 2028. billion in 2023 to $166.5
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