Robotic Process Automation Market Size, Growth, Analysis and Forecast 2027

Credence Research09 Oct, 2023Business

The latest market report published by Credence Research, Inc. "the global robotic process automation market was US$ 898.3 Mn in 2018 and is expected to reach US$ 10,781.0 Mn by 2027", growing at a CAGR of 31.8% from 2019 to 2027. In the epoch of digital transformation, Robotic Process Automation (RPA) has carved out a niche, affirming its potency as a catalyst in reshaping the operational landscape of various industries. The RPA market, escalating with rapid pace, is steering organizations towards unprecedented productivity, efficacy, and innovation, by automating mundane, repetitive tasks and allowing the human workforce to focus on more strategic, analytical, and creative endeavors. RPA has gained prominence for its ability to mimic human interactions with digital systems. It carries out repetitive, rule-based processes by interacting with user interfaces, thereby mitigating the burden on human operators.

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