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Robotic Process Automation (RPA) Market to Reach $6.81 Billion by 2026; Increasing Investment in Cloud Integration Will Bode Well for Market Growth, says Fortune Business Insights™

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Pune, May 29, 2020 (GLOBE NEWSWIRE) — The global robotic process automation market size is projected to reach USD 6.81 billion by the end of 2026. The market will benefit from the increasing product applications across diverse industries. According to a report published by Fortune Business Insights, titled “Robotic Process Automation (RPA) Market Size, Share & Industry Analysis, By Deployment (On-premise, Cloud), By Application (Administration and reporting, Customer Support, Data Migration & Capture Extraction, Analytics, and Others), By Operation (Rule-based, Knowledge-based), By Industry (Retail, Manufacturing and Logistics Industry, BFSI, Healthcare, IT and Telecom, Hospitality, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 1.39 billion in 2018 and will exhibit a CAGR of 22.3% during the forecast period, 2019-2026.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Knowledge-based Operations Segment to Witness Rapid GrowthThe adoption of robotic process automation systems has allowed applications across diverse industry verticals. Based on operation analysis, the market is segmented on the basis of rule-based and knowledge-based operations. Accounting to the use of cognitive technologies along with RPA systems, the knowledge-based operations segment is projected to witness rapid growth in the coming years.
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The report analyzes ongoing market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge dominant in the coming years. The increasing investment by major companies in this region towards the implementation of RPA systems will bode well for the growth of the regional market. The ability of RPA systems to bring down the overall system costs and subsequently increase product efficacies is a primary reason why this product is being widely adopted in several countries across North America. Additionally, the presence of several tech giants in the United States will contribute to the growth of the market. As of 2018, the market in 2018 was worth USD 0.54 billion and this value is projected to increase further in the coming years.AntWorksAutomation AnywhereBlue Prism PLCIPsoft Inc.Kofax, Inc.Nice Systems Ltd.NTT Advanced Technology CorporationPegasystems, Inc.Redwood SoftwareUipath SRLIntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Forces AnalysisGlobal Robotic Process Automation (RPA) Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Size Estimates and ForecastsBy DeploymentOn-premiseCloudBy Application (Value)Administration and reportingCustomer SupportData Migration & Capture ExtractionAnalyticsOthers (Compliances, Strategy, etc.)By Operation (Value)Rule-basedKnowledge-basedBy Industry (Value)RetailManufacturing and Logistics IndustryBFSIHealthcareIT and TelecomHospitalityOthers (Government, Energy & Utility)By Geography (Value)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaTOC Continued…!!!

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AI Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 
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