The Robotic Process Automation Market is projected to surge from USD 7.530 billion in 2025 to USD 29.317 billion by 2030, with a 31.24% CAGR.
Robotic Process Automation commonly known as RPA is an emerging market in which human interaction is substituted by robots in order to reduce human tidiness’ and channel their knowledge toward the core activities in an organization. Through the RPA software, the users are able to create digital robots, also called bots, in a digital workplace, which can effectively observe, mimic, and execute recurring tasks such as calculation, copy-paste, file management, connect to the application, users, and APIs, and data management. The prime reason which is projected to drive the market during the forecasted period is increased adoption of the digital workspace and rising demand for process automation for channelizing crucial resources at core businesses. Furthermore, increased user instructiveness accompanied by time and cost-saving is expected to support the market growth.
Geographically, the Robotic Process Automation market is divided into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific regions for the study. The Asia Pacific robotic process automation market is expected to grow at an exponential rate during the forecast period owing to the rising adoption of cloud-based computing. With increasing internet penetration and surging digitalization and automation in small and medium-scale enterprises, cloud-based computing has witnessed a significant increase. Data from IDG connect shows that inculcation of cloud-based computing in business service and IT sectors sky-rocked in 2020-21, with 85% of the industries using this mode. Increasing cloud-based services and preference for convenience are projected to drive the market for robotics process automation in the region.
Based on end-users, the robotics process automation market is segmented into BFSI, Pharma & Healthcare, Retail & Consumer Goods, Information technology and Telecom, Communication, Media & and Education, Manufacturing, Logistics, Energy& Utilities, and others. The BFSI sector demand for RPA is projected to grow at a significant rate owing to the rise in digitalization across the industry. With technological advancement and inculcation of online banking and financial services, RPA bots are used to guide, address redressal, and take feedback from the users. Increasing demand for virtual services accompanied by growing banking and financial complexities with the launch of different services like e-wallets, e-transfers, and others has increased consumer queries and complaints which are attended by bots and hence is expected to drive the market demand by the industry.
One of the prime reasons which are expected to drive the market for RPA during the forecast period is rising internet penetration, especially in the developing nations, which has increased consumer access to virtual services, increasing the requirement for guidance and complaint redressal.
Key Market Segments