Kenneth Research, in its repository of market research reports, have recently added a report on Robotic Process Automation (RPA) Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Robotic Process Automation (RPA) Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Robotic Process Automation (RPA) Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
The report on Robotic Process Automation (RPA) Market offers a thorough assessment of the market, including the market size, value, growth, segments, key players, drivers as well as the challenges faced by the industry over the forecast period 2017-2026. The market study discusses the market trends and long-term growth opportunities at a global and regional level, including the country-wise growth. It evaluates the current status of the market and provides the Y-o-Y growth (%), revenues and market volume.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The Robotic Process Automation (RPA) Market is projected to witness a market size of USD XX.XX with a CAGR of XX.XX% during the forecast period. The report consists of data that is collected by primary and secondary research methodologies.
The market is segmented By Process, By Operation, By Service, By User Size, By Industry, and By Regions. The market value, market share, and growth rate of each segment along with their sub-segments is further mentioned in the report. The analysis is done on the basis of various historical and current statistics and trends prevalent in the market.
The key players involved in the Robotic Process Automation (RPA) Market consist of company profiling of each company is provided in the report along with an analysis of the various approaches taken by them to expand their business through mergers, acquisitions, and other developments.
The regions on the basis of which the market is segmented include:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa)
What is the aim of the report?
- The market report presents the estimated market size of the Robotic Process Automation (RPA) Market by the end of the forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year Growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Robotic Process Automation (RPA) Market based on geographical scope, market segmentation and financial performance of key players are presented in the report.
- The report presents current trends in the industry and future scope of the Robotic Process Automation (RPA) Market in North America, Asia Pacific, Europe, Latin America and the Middle East and Africa.
- The various parameters accelerating the growth of the Robotic Process Automation (RPA) Market are incorporated in the research report.
- The report analyzes the growth rate, market size, and valuation of the Robotic Process Automation (RPA) Market during the forecast period.
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