Reports & Insights newly published a report titled "Robotic Process Automation (RPA) Market: Opportunity Analysis and Future Assessment 2022-2030" that accentuates the information related to market including commercial potential, future opportunities and challenges, current trends in an absolute meticulous and thorough manner. The base year considered for the study is 2021, and the market size is projected from 2022-2030. Furthermore, the report also includes the data associated with the market size, segmentation, textual & graphical assessment of the global market growth trends over the forecast period of 2022 to 2030.
The global Robotic Process Automation (RPA) market is estimated to reach at a value of US$ 1.6 Bn by the end of 2020 and expected to reach at a value of US$ 6.9 Mn by 2028 with a significant CAGR of 19.9%.
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Robotic Process Automation (RPA) Introduction
Robotic process automation (RPA), more commonly known as smart automation or intelligent automation, can be perceived as advanced technologies that can be prioritized to accomplish a string of tasks, including triggering responses, data manipulation, and generating crucial communication with other systems and processes, which originally required human intervention. RPA consists of two distinct types - automation of regular office work and automation of modern intelligent processes via mediums such as Artificial Intelligence (AI). To put it in another way, robotic process automation or RPA can be comprehended as the introduction of digital workers in the corporate organization for the purpose to carry out and perform the work that only human workers were formerly considered capable of doing.
In addition to that, the leading players of the global markets are also aiming their attention to improve their offerings, via adding new and advanced attributes, including workload management, credential management, a