Rising demand for automation in manufacturing and rising integration of RPA in manufacturing process are some key factors driving market revenue growth
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Global Robotic Process Automation (RPA) in manufacturing market size reached USD 7.60 Billion in 2021 and is expected to register a revenue CAGR of 33.2% during the forecast period, according to latest analysis by Emergen Research. Rising demand for automation in manufacturing and rising integration of RPA in manufacturing process are key factors expected to drive market revenue growth globally.
Rising demand for automation in manufacturing has led to increased efficiency, reduced errors and risk, improved profits, and proper compliance. Moreover, it helps in managing various aspects of manufacturing process such as supply chains, operations, customer engagement, and employee empowerment.
Traditional automation uses Application Programming Interface (APIs), which makes integration of application in diverse systems more difficult. Similarly, restrictions in customization of application makes it difficult to adopt automation in legacy systems.
• Software segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increasing demand for solutions for remote accessibility that ensures better coordination among various teams
• On-cloud segment is expected to register a significantly robust revenue growth rate over the forecast period due to increase in demand for cost-effective solutions for installing and maintaining the cloud. It also simplifies implementation of applications on the cloud platform and reduces dependency on Information Technology (IT) and support team. On-cloud deployment facilitates remote accessibility which enables users to use software systems with downloading it.
• North America market is expected to register a considerably large revenue share in RPA in manufacturing market over the forecast period than other regional markets due to robust presence of major market players providing RPA services and solutions such as Pegasystems Inc, Automation Anywhere, Inc., WorkFusion, Inc., and Xerox Corporation
• In October 2021, Pegasystems Inc. was awarded Digital Technology Award at Hong Kong Business Technology Excellence Awards as a reward for its innovative and visionary project.
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EmergenResearchhassegmentedglobalRPAinmanufacturingmarketonthebasisofprocess,operation, component,organizationsize,deployment,andregion:
ProcessOutlook(Revenue,USDBillion;2019–2030)
Automated Solution
Report Automation
Demand and Supply planning
OperationOutlook(Revenue,USDBillion;2019–2030)
Rule Based
Knowledge Based
ComponentOutlook(Revenue,USDBillion;2019–2030)
Software Services
OrganizationSizeOutlook(Revenue,USDBillion;2019–2030)
Large Enterprises
Small & Medium Enterprises
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Parameter
Market Size Estimation Period
Details
2022-2030
Base Year Considered 2021
Historical Data
Forecast Period
2018-2020
2022-2030
Quantitative Units Revenue in USD million & CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions & more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization & expert consultation
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