Home Gartner’s Forecast: North America and Western Europe Will Take More than 2/3 of Global RPA Software Revenue

Gartner’s Forecast: North America and Western Europe Will Take More than 2/3 of Global RPA Software Revenue

by Ant Sh
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Gartner's Forecast: North America and Western Europe Will Take More than 2/3 of Global RPA Software Revenue

Following its 2022 Magic Quadrant for RPA, Gartner today released a forecast for global robotic process automation software revenue in 2022 and 2023. According to the research company, the worldwide RPA software market is projected to continue to experience double-digit growth in 2023, growing at a slower pace than previous years, though.

Gartner also predicts that North America will account for the largest revenue share at 48.5%, followed by Western Europe and Japan at 19% and 10%, respectively.

“RPA companies are rapidly evolving to provide a wider set of larger automation platforms. Organizations will look to increase their spending on RPA software solutions because they still have a lot of repetitive, manual work that through automation could free up employees’ time to focus on more strategic work.”

Varsha Mehta, Senior Market Research Specialist, Gartner

“By achieving a growth rate of 31% in 2021, the RPA market grew well above the average worldwide software market growth rate of 16%. Organizations are leveraging RPA to accelerate business process automation initiatives and digital transformation plans, linking their legacy nightmares to their digital dreams to improve operational efficiency.”

Cathy Tornbohm, distinguished VP analyst, Gartner