SAN FRANCISCO, October 5, 2016 /PRNewswire/ --
The global RPA market is expected to reach USD 8.75 billion by 2024, according to a new report by Grand View Research, Inc. RPA is maturing in terms of clarity, credibility and applicability, as organizations are increasingly implementing these solutions.
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RPA is emerging as a disrupting technology with capabilities of providing benefits such as enhanced accuracy, compliance, cost saving and scalability. As these tools are 65% less expensive than the full-time employees, industry experts have been expecting RPA to disrupt the conventional Business Process Outsourcing (BPO) model and alter the global outsourcing industry.
The key difference between other automation methods and RPA is the approach used for completing the tasks carried by employees. RPA utilizes applications through a standard interface along with the deployment of software without modification to the applications or systems being automated.
The RPA software, despite being a new technology, is neither expensive nor complex as compared with other technologies. The financial sector is embracing RPA within the application industry, followed by healthcare and telecom & IT. The common denominators among these industries are the large volume of data entry and switching among various applications.
Browse full research report with TOC on "Robotic Process Automation (RPA) Market Analysis By Services (Professional Services, Training Services), By Organization (Small And Medium, Large Enterprises), By Application (BFSI, Telecom & IT, Healthcare, Retail, Manufacturing) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/robotic-process-automation-rpa-market
Further key findings from the report suggest:
Grand View Research has segmented the RPA market on the basis of services, organization, application, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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