According to Gartner’s latest study, the world market for Robotic Process Automation software grew by 63% in 2018, with the forecast reaching a value of 1.3 billion dollars in 2019.

This increase in 2018 of 63.1%, has made that of the software of Robotic Process Automation (RPA) the fastest growing segment of the global market of enterprise software.

According to the research, analysis and consultancy company, the RPA market has grown thanks to the needs of digital business, as organizations need straight through processing. In addition, Gartner points out that competition is intense in the sector, with nine of the top ten vendors changing market share positions in 2018.

The top five suppliers of Robotic Process Automation controlled 47% of the market in 2018. The sixth and seventh salesmen have reached a three-digit revenue growth. This, the analysts of Gartner emphasize, makes the ranking of the top five places still unstable in many ways.

North America, Gartner’s analysis continues, continued to dominate the software market of Robotic Process Automation, with a 51% share in 2018, but its share decreased by two percentage points on an annual basis.

Western Europe has taken the second position, with a 23% share. Japan has arrived third, with a growth in adoption of 124% in 2018. According to Gartner analysts, this shows that RPA software recalls the interest of organizations around the world, thanks to the faster implementation cycle times than other options, such as business process management platforms and outsourcing of

The future of Robotic Process Automation

Although RPA software can be found in all sectors, the main users are banks, insurance companies, telecommunications companies and utilities. These organizations traditionally have many legacy systems and choose Robotic Process Automation solutions to ensure integration functionality. By using this technology, organisations have the opportunity to accelerate their digital transformation initiatives.

Gartner expects the RPA software market to look very different in three years. Large software companies, such as Ibm, Microsoft and Sap, are collaborating or acquiring software providers of Robotic Process Automation.

This means, the analysis company highlights, that awareness and interest in RPA software are increasing in their substantial customer base. At the same time, new suppliers are taking the opportunity to adapt the traditional features of Robotic Process Automation to the needs of digital business, such as event flow processing and real-time analytics.

According to Gartner, this is an exciting time for RPA solution providers. However, the current top players will face increasing competition, as new realities will continue to enter a market whose rapid evolution is making confusing the lines that distinguish Robotic Process Automation from other automation technologies, such as optical character recognition and

More information is available on Gartner, at this link.

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