Robotic Process Automation Market Projected to Hit USD 64.47 Billion by 2032

Key segmentations covered in the robotic process automation market report are By Component, By Operation, By Application, By Industry and By Region.

PUNE, MAHARASHTRA, INDIA, March 13, 2025 /EINPresswire.com/ -- The global robotic process automation market was valued at USD 13.86 billion in 2023 and is projected to expand from USD 18.18 billion in 2024 to USD 64.47 billion by 2032, demonstrating a CAGR of 17.1% over the forecast period.

The U.S. RPA market is expected to witness substantial growth, reaching an estimated valuation of USD 22.32 billion by 2032, propelled by increased automation adoption across industries and integration of IoT solutions. North America led the market in 2023 with a dominant share of 58.01%.

The report evaluates various software and automation solutions provided by industry leaders such as Automation Anywhere Inc., Blue Prism PLC, Kofax, Inc., and Nice Systems Ltd. Notably, Automation Anywhere Inc. offers a suite of RPA products, including Automation 360, IQ Bots, Bot Insights, and Digital Workplace. These bots help orchestrate tasks across multiple systems, allowing organizations to derive data-driven insights. Similarly, Blue Prism PLC specializes in intelligent RPA solutions such as robotic operating models, Blue Prism Cloud, and lifecycle management tools.

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The rising demand for process optimization to enhance productivity and return on investment is driving market expansion. Major RPA providers are leveraging AI, machine learning, and cloud technologies to automate business workflows.

For instance:
• In May 2021, UiPath Inc. launched the AI-driven UiPath Platform 21.4 to eliminate manual business processes while improving security and operational efficiency.

Furthermore, businesses continue to invest in RPA solutions to improve efficiency and enhance digital transformation. The pandemic has accelerated RPA adoption, particularly in healthcare, where automation supports patient interactions and administrative tasks. Contact centers experienced increased workloads, leading to the integration of automated solutions for onboarding remote staff. Similarly, vaccine manufacturers leveraged RPA for accelerating pharmaceutical development and drug safety monitoring. Even post-pandemic, demand for RPA remains strong as companies continue adopting automation strategies through partnerships, mergers, and acquisitions.

KEY INDUSTRY PLAYERS
Market leaders such as Automation Anywhere Inc., UiPath Inc., and Blue Prism Group Plc are expanding through acquisitions and collaborations.

List of Top Robotic Process Automation Companies:
• Automation Anywhere Inc. (U.S.)
• Blue Prism Group PLC (U.K.)
• UiPath Inc. (U.S.)
• Microsoft Corporation (U.S.)
• Nice Systems Ltd. (Israel)
• Pegasystems Inc. (U.S.)

LATEST TRENDS IN ROBOTIC PROCESS AUTOMATION MARKET

“Growing Adoption of AI-Powered Self-Learning Conversational Chatbots”

The deployment of AI-driven intelligent bots is transforming the business landscape. These bots, spanning RPA and digital assistants, are expanding their capabilities across various industries. With virtual assistants such as Siri and Alexa becoming more prevalent, enterprises are developing chatbots for enhanced automation.

Key industry players are integrating AI and RPA into chatbot solutions. For example:
• In June 2021, RPA Labs introduced RPA Engage, an AI-based chatbot designed for logistics companies. The platform automates interactions with vendors, customers, and internal teams using machine learning and NLP.

ROBOTIC PROCESS AUTOMATION MARKET GROWTH FACTORS
Advancements in AI, Cloud Computing, and Machine Learning Enhance RPA Capabilities
Organizations are increasingly deploying RPA to manage complex workflows and automate tasks. By integrating AI, machine learning, and cloud-based solutions, businesses can streamline operations and optimize performance. Companies continue to launch AI-enabled RPA solutions.
End-to-end automation is becoming more prevalent, combining AI and machine learning to analyze data, predict outcomes, and handle unstructured information. The rise of cloud-based platforms, including PaaS, IaaS, and SaaS, is further driving the RPA market.

RESTRAINING FACTORS

Challenges in Infrastructure and Customization Limit Market Growth
Despite its benefits, RPA adoption requires significant investment in infrastructure and skilled professionals. Establishing automation frameworks, training employees, and managing bot scalability can be complex and costly.
Furthermore, automation platforms frequently evolve, requiring continuous adaptation. Many organizations hesitate to invest in RPA due to concerns about flexibility and ongoing maintenance requirements.

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ANALYSIS SEGMENTATION OF ROBOTIC PROCESS AUTOMATION MARKET

By Component Analysis

The market is segmented into software and services. The services segment is anticipated to lead due to the rising adoption of RPA-as-a-Service among enterprises. Companies are developing AI-powered RPA services. For example:
• In October 2020, Automation Anywhere Inc. launched an AI-driven RPA-as-a-Service platform to accelerate global adoption.
Meanwhile, the software segment is expected to grow at a steady CAGR, particularly in manufacturing, where RPA solutions automate repetitive tasks.

By Operation Analysis

The market is divided into rule-based and knowledge-based RPA solutions.
• The rule-based segment dominates, as it streamlines repetitive processes across industries.
• The knowledge-based segment is projected to grow at the highest CAGR, driven by the integration of AI and cognitive technologies.
For instance:
• In May 2020, Automation Anywhere Inc. launched SaaS-based RPA solutions for remote and office-based workflows.

By Application Analysis

Key applications include analysis, data migration, administration, customer support, and more. Administration and reporting held the largest market share in 2021, while the analysis segment is expected to grow rapidly due to increased adoption in banking and finance.

By Industry Analysis

The BFSI sector leads the market due to rising demand for automation in compliance management and customer handling.
For example:
• According to a World Bank report, banks spent USD 270 billion annually on compliance management in 2020. RPA adoption is helping reduce these costs.
The healthcare sector is expected to witness the highest growth due to automation adoption in hospital administration and patient data processing.

REGIONAL INSIGHTS

North America remains the dominant market, with strong adoption of AI and automation technologies. Government initiatives further boost growth.

Asia Pacific is the fastest-growing market, driven by digital transformation in manufacturing and banking. Key countries such as China, India, and Japan are leading in adoption.

European businesses are increasingly implementing RPA, particularly in manufacturing and finance. Small and medium enterprises (SMEs) benefit significantly from automation.
According to IBA Group, RPA adoption in Europe reduced costs by 50% for SMEs and 30% for large enterprises.

Middle East & Africa and South America
Adoption is slower due to limited industrial investments, but market players are expanding.

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Ashwin Arora
Fortune Business Insights™ Pvt. Ltd.
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sales@fortunebusinessinsights.com
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