Robotic Process Automation (RPA) Market to Grow by USD 40.56 Billion (2025-2029), Driven by Cost Savings for Businesses, with AI Impacting Market Trends - Technavio

NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The robotic process automation (RPA) market and it is set to grow by USD 40.56 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of over 42.1% during the forecast period, according to Technavio. The robotic process automation (RPA) market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  Accenture PLC, Advanced Systems Concepts Inc., Amelia US LLC, Atos SE, Automation Anywhere Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Genpact Ltd., Infosys Ltd., International Business Machines Corp., Kofax Inc., Microsoft Corp., NICE Ltd., Nintex Global Ltd., Nippon Telegraph and Telephone Corp., OnviSource Inc., Pegasystems Inc., SS and C Technologies Holdings Inc., UiPath Inc., and WorkFusion Inc. Are some of the major market participants -. To know about the vendor offerings - Request a sample report

Robotic Process Automation (RPA) Market 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The robotic process automation (rpa) market report covers the following areas:

• Robotic Process Automation (RPA) Market Size
• Robotic Process Automation (RPA) Market Trends
• Robotic Process Automation (RPA) Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The robotic process automation (rpa) market is fragmented, and the degree of fragmentation will accelerate. The improved cost savings for businesses will offer immense growth opportunities. However, the Subscription cost of RPA software will hamper the market growth

Robotic Process Automation (RPA) Market 2025-2029: Drivers & Challenges

Robotic Process Automation (RPA) is a cost-effective software solution for industries seeking to minimize operating expenses. RPA is particularly beneficial for standardized business processes that require strict adherence to industry and company policies. By implementing RPA, businesses make a one-time investment with a high return on investment. Compared to hiring and training new employees, RPA implementation costs less. Additionally, RPA's ability to integrate with various business applications reduces the need for additional manpower and associated overhead costs.

Businesses are adopting Robotic Process Automation (RPA) software to streamline operations, reduce manual errors, and optimize costs. The cost of implementing RPA involves a quote from third-party vendors, which includes software updates and maintenance. Pricing models vary based on employee hiring and revenue generation strategies. Regulatory terms and conditions between the end-user and software provider can impact the subscription cost or design and development expenses. It is essential to carefully consider these factors before entering into a contract.

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This robotic process automation (rpa) market report extensively covers market segmentation by  

• Type
• Services
• Software
• End-user
• BFSI
• IT/ITES
• Telecom
• Logistics
• Others
• Geography
• North America
• Europe
• APAC
• South America
• Middle East And Africa

1.1 Services-  The global Robotic Process Automation (RPA) market's services segment includes consulting, implementing, and training offerings. Intense competition among RPA providers necessitates enhancing consulting, training, and advisory services. Scalable automation solutions that minimize costs have fueled RPA's demand. RPA-as-a-Service enables businesses to identify automation opportunities, create business cases, and select vendors for pilot projects. For instance, NITCO Inc. Offers RPA-managed services, including IT workload support and maintenance. These factors are expected to drive the services segment's growth in the global RPA market during the forecast period.

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Robotic Process Automation (RPA) Market 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist robotic process automation (RPA) market growth during the next five years
• Estimation of the robotic process automation (RPA) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the robotic process automation (RPA) market across North America, Europe, APAC, South America, and Middle East and Africa
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of robotic process automation (RPA) market vendors

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio