Usa Robotic Process Automation Market
USA Robotic Process Automation Market by Process (Automated Solution, Decision Support & Management, Interaction Solution) by Industry (Banking, Financial Service and Insurance (BFSI), Telecom & IT, Retail and Consumer Goods, Manufacturing, Healthcare and Pharmaceuticals),by region(Northeast, Midwest, West), Size and Forecast, 2019-2025
- Published Date: September 2019
- Report ID: BWC19278
- Available Format: PDF
- Page: 125
Report Overview
USA
Robotic Process Automation Market Overview:
USA Robotics Processing Automation (RPA) Market
Robotic process automation (RPA) is the application of
software through the integration of artificial intelligence (AI) and machine
learning capabilities to carrying out high-volume, unlimited repeatable tasks
that human can do it better accuracy. These types of tasks can be queries,
calculations, and maintenance of records and transactions. RPA technology,
sometimes called a software robot or bot, which mimics like a human, logging
into applications, entering data, calculating and completing tasks, and logging
out. Growth of RPA market is led by the need of more in the improvement and
scale-up of businesses processes, maintaining data security and make of effectiveness
in processing by adapting and interpreting the existing application for
processing a transaction, triggering responses, to manipulating data, and
communicating with other digital systems. And RPA technologies have the ability
to reduce the impact of the costs by automating the processes that were done
manually or human worker.
Robotic processing automation market would play a vital
role in smaller and bigger enterprises in the upcoming era by improving supply
and demand quality processing, to deliver seamless operation, to alleviates
human workers of their mundane and repetitive daily tasks by processing
workflow much quicker and subsequently more efficiently. RPA will also enable
better customer service, ensuring better business operations and processes
prescribed with regulations and standards, allowing processes to be completed
much more rapidly, providing improved efficiency by digitizing and auditing
process data, creating cost savings for manual and repetitive tasks, enabling
employees to be more productive.
USA
Robotic Process Automation Market: By Process Type
Automated Solution: RPA software robots can manipulate
and communicate with business systems and applications to streamline processes
and reduce the burden on human employees. Robotic process automation software
will grow with a significant rate in the forecast period due to its flexibility
and its ability to efficiently integrate workflows across the entire
enterprise.
Decision Support & Management: Through decision
support & management abilities, they can handle work as Interaction
Solution in the back office; also it can work as suddenly there are demands or
customer requests that require an immediate answer or solution. With the
increasing demand for customer services or customer via voice or written, RPA
is emerging as a new decision supporter and manager in the organization world.
Hence mentioned drivers would play a major role in the growth of RPA in the
forecast period.
USA
Robotic Process Automation Market: By Industry Type
Banking
Financial Service and Insurance (BFSI): For managing Banking
process, RPA can handle all keys processes which are handled by humans without
any error like Customer Service Compliance, Accounts Payable, Credit Card
Processing, Mortgage Processing, Fraud detection, KYC, General Ledger Report,
and Automation Account Closure Process. Financial companies can get the
advantage of RPA technology in various ways like the achievement of regulatory
compliance with minimal IT development, automate invoice delivery. Apart from
this in the Insurance sector, it is helpful in claims registration &
processing business. Hence, the mentioned key driver is useful for the growth
of RPA in financial and sector in the forecast period.
Telecom
& IT: The major keys for application for RPA in customer
satisfaction, increment in business value, improving operational efficiency by
making error-free and less time, employee management by maintaining attrition
and as a helper in skill development and provide a better solution with
significant cost reduction. Hence, given drivers will vital in the growth of
RPA in the telecom and IT sector in the forecast period.
Retail
and Consumer Goods: In retail sector, RPA will beneficial in
various ways like order processing and payments without any error and without
delay, daily and real-time updating on procurement and inventory management
processes, real-time monitoring on inventory, regularly giving notifications
and provide regular communication between manufacturers, suppliers,
transportation service providers, and customers. Therefore these keys will play
paved the way for the growth of RPA in the retail sector in the forecast
period.
Manufacturing: Manufacturing sector of
USA can benefit of RPA which will provide many advantages like reduction in
operational cost, increased control and visibility into end-to-end processes,
freed up man resources on repetitive tasks who can focus on more productive
tasks, etc. Furthermore, RPA will benefit in operational time and increased
quality, and also helpful in the bill of Materials, providing better
administration and reporting, give better customer support and service desk and
provide a better solution for logistics data automation & in ERP
automation. Therefore mentioned factors would provide a platform for the growth
of RPA in the manufacturing sector.
Healthcare:
In the healthcare sector, through Manpower Savings RPA will save the time of
repetitive tasks of the human worker, which will give time to focus more on
sensitive work. RPA will also help in bolstering revenue Cycles, by offering
optimal Care with zero error and most important is workflows involved in
managing Care, coordinating that Care, promoting wellness. Hence mentioned keys
would play an important role in the growth of RPA in the healthcare sector.
Pharmaceuticals: The major drivers in
the growth of RPA in pharmaceuticals sector are facilitating faster clinical
trials and drug approvals through maintaining consistency in data entry,
quality control and audit readiness in several targeted activities comprising
clinical, regulatory, safety and laboratory operations. Additionally, RPA gives
faster responsiveness and provide quality data update to sales representatives.
Therefore, the mentioned drivers will be responsible for the growth of RPA in
the pharmaceuticals sector in the forecast period
USA
Robotic Process Automation Market: By Region Type
Northeast:
Major RPA companies of USA headquarters are established in this region, like a
blue prism, UiPath Robotic Process Automation, NICE, etc. which shows that
significant growth of RPA market in Northwest region in the forecast period
will increase penetration more than any region.
West:
Due to the presence of Silicon Valley in this region, West region will be
fastest-growing market of RPA in the forecast period by which it can attract
bigger and smaller enterprises for betterment of operational works.
Midwest:
The presence of capital of the USA, Washington DC, which can attract more
government offices by applications of RPA and will grow the RPA market with a
significant rate in the forecast period.
USA
RPA Market Analysis: Competitive Dynamics
The research states that the USA Robotic Process
Automation market is highly competitive, with players developing new robotic
process automation applications. Some of the key players operating in the U.S.
robotic process automation ecosystem are Automation Anywhere, UiPath Robotic
Process Automation, Blue Prism, Pegasystems, AntWorks, NICE, Kofax Kapow, Softomotive,
Contextor, and AutomationEdge. Most of the major vendors in the USA robotic
process automation market are actively focused on enhancing their offerings to
meet the ongoing demand for advanced business automation solutions. This
includes software integrated with artificial intelligence and cognitive
learning.
1. Research Framework
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents, By Industry Participants
2.5. Market
Size Estimation
2.6. Assumption
for the Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insights
4.1. Industry
Impact and Forces
4.1.1.
Growth Drivers
4.1.2.
Challenges
4.1.3.
Opportunities
4.2. Regulatory
Framework
4.3. Technology
Landscape
4.4. By
Company (Market Share 2018)
4.5. Growth
Potential analysis
4.6. Strategic
Outlook
4.7. Porter’s
Five forces analysis
4.8. PESTEL
Analysis
5. USA Robotic Process Automation Market
Overview
5.1. Market
Size & Forecast
5.1.1.
By Value
5.2. Market
Share & Forecast 2018-2024
5.2.1.
By Process
5.2.1.1.
Automated Solution
5.2.1.2.
Decision Support & Management
5.2.1.3.
Interaction Solution
5.2.2.
By Industry
5.2.2.1.
Banking Financial Service and Insurance
(BFSI)
5.2.2.2.
Retail and Consumer Goods
5.2.2.3.
Telecom & IT
5.2.2.4.
Manufacturing
5.2.2.5.
Healthcare and Pharmaceuticals
5.2.3.
By Region
5.2.3.1.
Northeast
5.2.3.2.
South
5.2.3.3.
West
5.2.3.4.
Midwest
6. Company Profile (Company Overview,
Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact
Address, SWOT Analysis and Strategic Outlook)
6.1. UiPath
6.2. Robotic
Process Automation
6.3. Blue
Prism
6.4. Pegasystems
6.5. AntWorks
6.6. NICE
6.7. Kofax
Kapow
6.8. Softomotive
6.9. Contextor
6.10.
AutomationEdge.T
6.11.
Other Prominent Players
7. Strategic Recommendation
*Financial Details Not Be
Captured in Case of Unlisted Companies
**The segmentation and the companies
are subjected to modifications based on in-depth secondary for the final
deliverable
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.