The global robotic process automation (RPA) market is anticipated to grow at a considerable CAGR of 31.6% during the forecast period. The growing demand and requirement for RPA in banking and other financial institutions are boosting the growth of the market during the forecast period. RPA assists banks and other departments associated with banks to automate repetitive manual processes and allows employees to focus on more critical tasks. The rise of digital banking solutions, cryptocurrency, mobile payments, and other new businesses has forced major banks to implement new technologies to offer better services to their customers and enhance customer satisfaction. According to IBEF, banks had to implement changes to accommodate new guidelines on moratoriums and execute transactions; insurance firms had to continue collecting confidential documents from their customers in a secure manner, and financial institutes had to disperse loans and credit for small and medium businesses as per government-assistance programs.
Browse the full report description of “Global Robotic Process Automation (RPA) Market Size, Share &Trends Analysis Report by Type (Software and Services), by Deployment (Cloud and On-Premise), by Process (Automated Solution, Decision Support & Management Solutions, and Interaction Solutions), and by Applications (BFSI, Healthcare, Retail, IT & Telecom, Manufacturing & Logistics, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/rpa-market
The players are launching and advancing new solutions based on robotic process automation for banks is contributing to the market growth. For instance, in April 2022, UiPath announced it will offer a new Automation as a Service offering on the Finastra cloud, designed to provide a managed service model for automation to Finastra’s thousands of banks, credit unions, and financial institution customers. With the new offering, UiPath and its partners can design, install, deploy, run, and maintain automated processes to enable the banking sector to leverage the power of automation along with the security and compliance of cloud-based infrastructure from Finastra, a leading pure-play financial services software provider.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Deployment
o By Process
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Automation Anywhere, Inc., Blue Prism Ltd., Celaton Ltd., FPT Software Ltd., HelpSystems, LLC, NTT Advanced Technology Corp., Pegasystems, UiPath, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Robotic Process Automation Market Report Segment
By Type
By Deployment
By Process
By Application
Global Robotic Process Automation Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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