Market Analysis on Artificial Intelligence (AI) In Robotic Process Automation (RPA) Industry – Insights for Corporate Strategy and R&D
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What Is the Forecast for the Artificial Intelligence (AI) In Robotic Process Automation (RPA) Market from 2024 to 2025?
In recent times, the market size of artificial intelligence (AI) in robotic process automation (rpa) has seen substantial growth. The market is predicted to expand from $4.09 billion in 2024 to $4.79 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.1%. Factors contributing to this growth during the historic period include increased demand for process automation, greater investment in industrial robots, improved productivity and efficiency levels, a rise in the adoption of AI and cloud-based solutions, as well as a growing demand from end-user industries.
What Is the Projected Market Size of the Artificial Intelligence (AI) In Robotic Process Automation (RPA) Market?
The market size of artificial intelligence (AI) in robotic process automation (rpa) is predicted to experience significant growth in the upcoming years, reaching $8.89 billion in 2029 with a compound annual growth rate (CAGR) of 16.7%. This growth projection for the forecast period can be associated with factors such as the surging demand for business process automation, an increase in demand from end-user industries, a heightened emphasis on digital transformation, a growing concentration on enhancing customer experiences, and an increased awareness among small and medium-sized enterprises (SMEs). The projected trends for the forecast period encompass advancements in artificial intelligence (AI) technologies, an increase in the adoption and development of RPA-enabled self-learning, the improvement of cognitive capabilities, and the integration of machine learning (ML).
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Who are the Major Competitors in the Artificial Intelligence (AI) In Robotic Process Automation (RPA) Market Outlook?
Major companies operating in the artificial intelligence (AI) in robotic process automation (RPA) market are Deloitte Touche Tohmatsu Limited, Accenture PLC, International Business Machine Corporation (IBM), SAP SE, Genpact Ltd., Cloud Software Group Inc., Nice Ltd., Pegasystems Inc., UiPath Inc., Celonis SE, BlackLine Inc., Zensar Technologies Limited, Appian Corporation, Tungsten Automation Corporation, Automation Anywhere Inc., EdgeVerve Systems Limited, Nintex UK Ltd., AntWorks Pte. Ltd., AutomationEdge Technologies Inc., WorkFusion Inc., Blue Prism Group PLC
What Is Fueling Growth in the Artificial Intelligence (AI) In Robotic Process Automation (RPA) Market?
The escalating interest in robotics within industrial environments is projected to spur the expansion of artificial intelligence within the domain of robotic process automation. Industrial application robots are automated machines engineered to execute tasks typically done by human workforce, especially in manufacturing and related industrial arenas. The appeal of robotics in these areas can be attributed to numerous elements like Industry 4.0, automation tendencies, performance increments, enhanced safety measures, cost cutting and application diversification. Incorporating artificial intelligence into robotic process automation boosts the functionality, efficiency, and flexibility of robots, rendering them more adaptable and equipped to handle a wider spectrum of tasks in industrial environments. As an example, the International Federation of Robotics, a non-profit organization based in Germany, reported in May 2023 that industrial robot installations in manufacturing had surged by 12% in total during 2022, hitting a tally of 41,624 units. The automobile industry, primarily constituted by U.S., Canadian, and Mexican companies, led the charge with 20,391 installed units, marking a 30% upswing from 2021. As a result, the increasing preference for robotics in industrial surroundings fuels the progression of artificial intelligence in the robotic process automation market.
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Which Artificial Intelligence (AI) In Robotic Process Automation (RPA) Market Segments Are Growing the Fastest?
The artificial intelligence (AI) in robotic process automation (rpa) market covered in this report is segmented –
1) By Type: Software, Service
2) By Deployment Mode: Cloud-Based, On-Premise
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Banking, Financial Services, And Insurance (BFSI), Pharma And Healthcare, Retail And Consumer Goods, Information Technology (IT) And Telecom, Communication, Media, And Education, Other Applications
Subsegments:
1) By Software: AI-Powered RPA Platforms, Intelligent Document Processing (IDP) Software, Natural Language Processing (NLP) Tools For RPA, Machine Learning-Based Process Automation Tools, Cognitive Automation Software, AI-Driven Analytics And Reporting Tools For RPA, Workflow Management Software With AI Capabilities
2) By Services: RPA Consulting And Strategy Development, AI System Integration And Implementation Services For RPA, Training And Support Services For RPA Tools, Process Assessment And Optimization Services, Managed Services For RPA Operations, Maintenance And Technical Support For RPA Solutions, Change Management And User Adoption Services
What are the Emerging Market Trends Driving the Growth of the Artificial Intelligence (AI) In Robotic Process Automation (RPA) Industry?
Many major firms in the artificial intelligence-focused robotic process automation market are honing their efforts on technological advances, including next-gen automation cloud platforms. The goal of this focus is to increase efficiency, boost accuracy, and deliver more advanced, scale-able solutions to convoluted business operations. The term “next-gen automation cloud” for AI in RPA is used to describe a cloud-enabled platform that utilizes sophisticated AI technologies to augment the potential of conventional RPA. For example, UiPath, an American software enterprise, unveiled the UiPath AI Center in May 2022, which is a next-gen automation cloud. This advanced platform combines AI models with RPA workflows, equipping users to introduce machine learning models into their automation procedures. Some of its distinctive features are the ability to deploy models without the need for intricate coding, its compatibility with current RPA utilities, and its provision for personalized AI models.
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Which Countries Are Leading the Artificial Intelligence (AI) In Robotic Process Automation (RPA) Market?
North America was the largest region in the artificial intelligence (AI) in robotic process automation (RPA) market in 2024. The regions covered in the artificial intelligence (AI) in robotic process automation (RPA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the artificial intelligence (ai) in robotic process automation (rpa) market, and how is it changing globally?
2. Who are the major companies in the artificial intelligence (ai) in robotic process automation (rpa) market, and how are they performing?
3. What are the key opportunities and risks in the artificial intelligence (ai) in robotic process automation (rpa) market right now?
4. Which products or customer segments are growing the most in the artificial intelligence (ai) in robotic process automation (rpa) market?
5. What factors are helping or slowing down the growth of the artificial intelligence (ai) in robotic process automation (rpa) market?
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