Precedence Research is a Canada/India-based company and one of the leading providers of strategic market insights. They offer executive-level blueprints of markets and solutions beyond flagship surveys. According to Precedence Research, the global robotic process automation market was valued at USD 2.65 billion in 2021 and is projected to hit around USD 23.9 billion by 2030. That means the RPA industry is poised to grow at a compound annual growth rate (CAGR) of 27.7% from 2021 to 2030. Let’s learn some extra data about the RPA market from Precedence Research:
- North America dominated the overall market with a share of 39% in 2020.
- Increasing Adoption of Artificial Intelligence and Cloud-Based Solutions and high demand for RPA services from the BFSI sector are the driving factors of the robotic process automation market.
- Based on the industry, the BFSI segment holds the largest market share, over 30% in 2020.
The cloud sector is anticipated to be the fastest-growing category in the next years due to benefits such as cheaper infrastructure costs, simplicity of deployment, minimal upgrading, and lower operational costs.
