More Information @ http://bit.ly/2EBIX3P The growing adoption of RPA technology by organizations to enhance their capabilities, performance and reduce operational costs is expected to drive the Robotic process automation market growth over the forecast timeline. In order to gain ease of the processes, organizations are increasingly deploying these solutions with the traditional business processes. Surge in demand to eliminate manual interference in simplified and time-consuming business processes is predicted to increase the technology adoption rate.
namely, DRYiCE TAO and DRYiCE COPA to provide strategic consulting services and a process transformation platform to enterprises. Through the DRYiCE COPA, HCL has paved the way for delivering next-generation products to consumers by envisaging a difference in the conventional role of robotic process automation. Many such enterprises have been looking out for AI-based products to rebuild their systems, which is slated to boost robotic process automation (RPA) market share over the years ahead. As per an RPA market report compiled by Global Market Insights, Inc., huge corporations have been incorporating RPA technology on a large scale to provide excellent management capabilities and optimize the business process. Software based robotic process automation is used for the various purposes such as information auditing and analyzing and business process monitoring. The surging demand for such products from a multitude of organizations to modernize business processes for handling customer queries is likely to fuel robotic process automation (RPA) market over the coming seven years. U.S. RPA Market Share, By Organization Size, 2016 Latin America: The new hotbed for RPA industry stakeholders The industrial space in Latin America has of late been experiencing a dynamic transformation owing to the deployment of robotic process automation, subject to which several top-notch enterprises and service centers are expanding their business space across the region. Recently, Symphony ventures, a well-known company specializing in robotic process automation and intelligent automation, decided to expand its service centers across Latin America to fulfil the growing demand for its products in the region. If reports are to be believed, Symphony Ventures has 2 | P a g e
witnessed a huge requirement for its automation services across Latin America, owing to the increasing utilization of the technology across Brazil, Argentina, Chile, Mexico, Columbia, Peru, and Guatemala, which will considerably stimulate LATAM robotic process automation (RPA) industry size over the coming seven years. Another major factor that may generate lucrative opportunities for companies in robotic process automation market is that numerous clients from the telecom, banking, chemical, food processing, agriculture, and manufacturing sectors have been earnestly seeking RPA services. The deployment of RPA technology helps to improve operational functionality by enhancing the accuracy of work quality, and speed, which may spur RPA industry ahead. Speaking of companies, the competitive spectrum of RPA market includes biggies such as Automation Anywhere, Nice Systems Ltd., Blue Prism, Xerox Corporation, Ipsoft, Uipath, Celaton Ltd, Verint Systems, Pegasystems, and Redwood Software, that have been adopting growth strategies such as M&As to increase their customer base across the globe. The wave of automation is likely to transform the service sector over the years ahead. Autonomous machines make work much easier as they have the capability to carry out remote operations that do not take friendly to human intervention - laying underwater cables, monitoring wear and tear of aircraft engines and drill tips, etc. In the future, it is expected that airports will be planning to undergo extensive refurbishment with the help of RPA technology. The growing automation implementation across airports for face scanning, check-in, robot baggage collection, apart from myriad other application arenas, is slated to influence robotic process automation (RPA) market share positively over the forthcoming years. 3 | P a g e