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Robotic Process Automation (RPA) Market| Non-availability of Low-cost Industrial Labor to Boost the Market Growth | Technavio

The global RPA market size is poised to grow by USD 7.43 billion during 2020-2024, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The non-availability of low-cost industrial labor is one of the major factors driving robotic process automation market growth. Industries demand skilled labor for monitoring supervising various data flow, inputs, and outputs. However, there is a dearth of cost-intensive labors, which encourages industries to implement robotic process automation. These factors will propel the robotic process automation market despite the decelerating growth momentum during the forecast period.

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Digitization of Business Processes will be a Key Market Trend

Digitization of business operations is gaining traction due to the focus on value propositions, internal processes, and client relationships. RPA provides several advantages such as data collection, processing, data presentation, and ultimately decision-making. Automation in industries is consequent to the integration of IoT and advanced data analytics that facilitate the improvement of the business processes. The digitization of business processes is one of the key robotic process automation market trends.

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RPA Market 2020-2024: Key Highlights

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Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis


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