• About Us
  • Contact Us
  • Submit News Release
Monday, June 23, 2025
No Result
View All Result
The MEA Times
  • Middle East
    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    HONGQI تستعرض الفخامة الشرقية في معرض هونغ كونغ الدولي للسيارات وسلسلة التوريد 2025

    HONGQI تستعرض الفخامة الشرقية في معرض هونغ كونغ الدولي للسيارات وسلسلة التوريد 2025

    Lemnisk’s Enterprise Strategy Focuses on Doubling  Revenue in Two Quarters

    Lemnisk Unveils Industry-First Innovations for the AI Era of Customer Engagement

    Four Investment Ideas to Grow Your Wealth in UAE

    Maternity Coverage in Health Insurance

  • Europe
    solution de stockage tout-flash 4 baies à 40 Gbps, idéale pour les créateurs de contenu et l’extension NAS

    solution de stockage tout-flash 4 baies à 40 Gbps, idéale pour les créateurs de contenu et l’extension NAS

    The Socio-Economic and Political Position of Türkiye Compared to Countries in Asia and Europe

    Die größte Plattform für diskretes und luxuriöses Dating

    The Socio-Economic and Political Position of Türkiye Compared to Countries in Asia and Europe

    la plus grande plateforme de rencontres discrètes et luxueuses

    Katalon Officially Launches TrueTest™ — The First AI-Native Testing System That Thinks Like a Tester and Learns from Users

    Katalon Officially Launches TrueTest™ — The First AI-Native Testing System That Thinks Like a Tester and Learns from Users

    Twice as Many Testers Fear Job Loss, But Adoption Keeps Climbing

    Twice as Many Testers Fear Job Loss, But Adoption Keeps Climbing

    The Effectiveness of Press release distribution in the United Kingdom Media landscape

    The Effectiveness of Press release distribution in the United Kingdom Media landscape

  • Africa
    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    جيتور T1 تدخل السوق المصري وتتعاون مع النادي الأهلي لاستكشاف آفاق جديدة لمفهوم “السفر + الرياضة

    جيتور T1 تدخل السوق المصري وتتعاون مع النادي الأهلي لاستكشاف آفاق جديدة لمفهوم “السفر + الرياضة

    As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

    As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

    As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

    ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

  • Business

    In 2025, guests are seeking soul-enriching experiences – Hotelier Middle East

    A path forward for Europe to compete on the internet – The Irish Times

    Polymarket is taking bets on the Palisades fire in California – Business Insider Africa

    “Manage the business as if it were your own,” says Mövenpick Resort Al Marjan’s GM – Hotelier Middle East

  • Tech

    US tech titans ramp up pressure on EU – ETTelecom

    Europe needs shared defence capabilities – The Strategist

    EU funding for Israeli tech raises fresh concerns about complicity in genocide – Middle East Monitor

    A massive diabetes challenge and pharma-tech moonshots, Europe starts 2025 in launch mode – EURACTIV

  • Lifestyle

    New lifestyle estate coming to popular university town in South Africa – BusinessTech

    Perfect Moment Expands Global Market for its Luxury Ski and Lifestyle Brand with New Sales Agencies in Southern Europe and Japan – Business Wire

    The UK has been below average among European countries for lifestyle freedom for many years – London Loves Business

    Cheap place to live in Europe offers expats 'classic European lifestyle' and rental prices 58% lower than UK rates – GB News

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Press Releases

    Artificial Intelligence in Education Market to Reach USD 26.43 Billion by 2032 | Empowering Learning

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Manufacturing Operations Management Software Market Projected to Reach CAGR of 6.97% by 2032

    Nfc Chips Market Growth Rate is expected to be around 14.62% during the forecast period 2025 to 2034

  • Middle East
    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    HONGQI تستعرض الفخامة الشرقية في معرض هونغ كونغ الدولي للسيارات وسلسلة التوريد 2025

    HONGQI تستعرض الفخامة الشرقية في معرض هونغ كونغ الدولي للسيارات وسلسلة التوريد 2025

    Lemnisk’s Enterprise Strategy Focuses on Doubling  Revenue in Two Quarters

    Lemnisk Unveils Industry-First Innovations for the AI Era of Customer Engagement

    Four Investment Ideas to Grow Your Wealth in UAE

    Maternity Coverage in Health Insurance

  • Europe
    solution de stockage tout-flash 4 baies à 40 Gbps, idéale pour les créateurs de contenu et l’extension NAS

    solution de stockage tout-flash 4 baies à 40 Gbps, idéale pour les créateurs de contenu et l’extension NAS

    The Socio-Economic and Political Position of Türkiye Compared to Countries in Asia and Europe

    Die größte Plattform für diskretes und luxuriöses Dating

    The Socio-Economic and Political Position of Türkiye Compared to Countries in Asia and Europe

    la plus grande plateforme de rencontres discrètes et luxueuses

    Katalon Officially Launches TrueTest™ — The First AI-Native Testing System That Thinks Like a Tester and Learns from Users

    Katalon Officially Launches TrueTest™ — The First AI-Native Testing System That Thinks Like a Tester and Learns from Users

    Twice as Many Testers Fear Job Loss, But Adoption Keeps Climbing

    Twice as Many Testers Fear Job Loss, But Adoption Keeps Climbing

    The Effectiveness of Press release distribution in the United Kingdom Media landscape

    The Effectiveness of Press release distribution in the United Kingdom Media landscape

  • Africa
    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

    جيتور T1 تدخل السوق المصري وتتعاون مع النادي الأهلي لاستكشاف آفاق جديدة لمفهوم “السفر + الرياضة

    جيتور T1 تدخل السوق المصري وتتعاون مع النادي الأهلي لاستكشاف آفاق جديدة لمفهوم “السفر + الرياضة

    As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

    As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

    As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

    ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

  • Business

    In 2025, guests are seeking soul-enriching experiences – Hotelier Middle East

    A path forward for Europe to compete on the internet – The Irish Times

    Polymarket is taking bets on the Palisades fire in California – Business Insider Africa

    “Manage the business as if it were your own,” says Mövenpick Resort Al Marjan’s GM – Hotelier Middle East

  • Tech

    US tech titans ramp up pressure on EU – ETTelecom

    Europe needs shared defence capabilities – The Strategist

    EU funding for Israeli tech raises fresh concerns about complicity in genocide – Middle East Monitor

    A massive diabetes challenge and pharma-tech moonshots, Europe starts 2025 in launch mode – EURACTIV

  • Lifestyle

    New lifestyle estate coming to popular university town in South Africa – BusinessTech

    Perfect Moment Expands Global Market for its Luxury Ski and Lifestyle Brand with New Sales Agencies in Southern Europe and Japan – Business Wire

    The UK has been below average among European countries for lifestyle freedom for many years – London Loves Business

    Cheap place to live in Europe offers expats 'classic European lifestyle' and rental prices 58% lower than UK rates – GB News

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Press Releases

    Artificial Intelligence in Education Market to Reach USD 26.43 Billion by 2032 | Empowering Learning

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Emailwire.com Press Release Services

    Manufacturing Operations Management Software Market Projected to Reach CAGR of 6.97% by 2032

    Nfc Chips Market Growth Rate is expected to be around 14.62% during the forecast period 2025 to 2034

No Result
View All Result
The MEA Times
No Result
View All Result
Home Press Releases

Robotic Process Automation Market Worth $47.19 Billion by 2029 – Exclusive Report by Meticulous Research®

by admin
September 8, 2022
in Press Releases
Share on FacebookShare on Twitter


(EMAILWIRE.COM, September 08, 2022 ) According to a new market research report titled, “Robotic Process Automation Market by Type (Software, Service), Process, Deployment (Cloud, On-Premises), Application, and Industry (BFSI, Telecom, and IT Industry), and Geography – Global Forecasts to 2029,” the global robotic process automation market is expected to grow at a CAGR of 16.2% during the forecast period to reach $47.19 billion by 2029.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5282

The growth of this market is attributed to the growing demand for automation in business processes, increasing adoption of advanced technologies to surge demand for robotic process automation solutions, and growing innovations in RPA to accommodate changing consumer demands. However, data insecurity risk is hindering the implementation of robotic process automation solutions in the financial sector. In addition, the growing demand for robotic process automation in logistics and BPO sectors is expected to create significant growth opportunities for the players operating in this market. However, a lack of awareness regarding robotic process automation is a major challenge to the growth of this market.

Impact of COVID-19 on the Robotic Process Automation Market

The outbreak of the COVID-19 pandemic severely affected numerous businesses across the globe. Several industries were negatively impacted due to the disruption of supply chains and workforce limitations caused by the nationwide lockdowns. Closure of factories and trade restrictions also added to the existing challenges, severely impacting various industries. Manufacturing plants were shut down, affecting production, which led to a significant demand-supply gap. Global Infrastructure & construction industries are witnessed acute labor shortages, suspension & cancellation of projects, and disrupted supply and logistics.

Various robotic automation companies such as UiPath SRL (U.S.) and Automation Anywhere Inc. (U.S.) witnessed a massive rise in the demand for automation solutions during the pandemic from various industries. Furthermore, the rising adoption of chatbots & virtual assistants in the BPO sector is expected to reduce the requirement for human resources, which, in turn, is projected to fuel the demand for RPA solutions.

The rising integration of RPA with advanced technologies like cloud computing, AI, and ML is expected to create huge growth opportunities for the market in the coming years. Moreover, AI-integrated RPA will improve accuracy, productivity, and flexibility in the business process. Further, it will eliminate the staff requirements in the back-office process across various industries such as BPO, banking & insurance, and healthcare. Thus, driving the market growth in the coming years.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5282

The global robotic process automation market is segmented based on type (software and service), process (automated solutions, decision support & management solutions, and interaction solutions), deployment mode (cloud-based and on-premise), application (administration & reporting, customer support, data migration & capture extraction, analysis, and other applications), industry (banking, financial services, & insurance; telecom & IT; travel, hospitality, and transportation; retail & consumer goods; manufacturing & logistics; healthcare & pharmaceuticals; other industries). The study also evaluates industry competitors and analyses the market at the country level.

Based on type, the robotic process automation market is segmented into software and services. In 2022, the service-based segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to the high competition among enterprises. It has urged the service providers to improve their consulting, training, and advisory services, and continuous upgrades in automation services that enable high scalability and minimize cost have driven the demand for RPA as a service. However, the software segment is expected to grow at the highest CAGR during the forecast period.

Based on process, the robotic process automation market is segmented into automated solutions, decision support & management solutions, and interaction solutions. In 2022, the automated solutions segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to its high degree of flexibility and scalability.

Based on deployment mode, the robotic process automation market is segmented into cloud-based and on-premise. In 2022, the on-premise segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to the growth in adoption of on-premise RPA solutions by organizations that are seeking to save costs by having a large volume of processes automated through RPA and having sufficient IT support for maintaining the infrastructure. However, the cloud-based segment is projected to grow at the highest CAGR during the forecast period due to its benefits, such as greater scalability, security, and ease of access & management.

Quick Buy – “Robotic Process Automation Market, by Type (Software, Service), Process, Deployment (Cloud, On-Premise), Application, and Industry (BFSI, Telecom and IT Industry), and Geography — Global Forecasts to 2029” Research Report: https://www.meticulousresearch.com/Checkout/80375241

Based on application, the robotic process automation market is segmented into administration & reporting, customer support, data migration & capture extraction, analysis, and other applications. In 2022, the administration & reporting segment is estimated to account for the largest share of the robotic process automation market. However, the analysis segment is poised to grow at the highest CAGR due to its analysis operations, including service trends, invoices, reports, and other works.

Based on industry, the robotic process automation market is segmented into banking, financial services, & insurance; telecom & IT industry; travel, hospitality, & transportation industry; retail & consumer goods; manufacturing & logistics industry; healthcare & pharmaceuticals; and other industries. In 2022, the banking, financial services, & insurance segment is estimated to account for the largest share of the robotic process automation market.

In the BFSI industry, robotic process automation controls and monitors interfaces to ensure seamless execution of transactions and to fix loopholes. It improves the accuracy and efficiency of different processes in this industry. These solutions help in regulatory reporting and balance sheet reconciliation by collating data from multiple systems and conducting a host of validation checks to prepare information for a detailed analysis. However, the healthcare & pharmaceuticals segment is projected to grow at the highest CAGR during the forecast period.

Geographically, the North American region is estimated to account for the largest share of the robotic process automation market in 2022. The large share of this market is mainly attributed to the high penetration rate of automation & process management solutions among government agencies and enterprises. Furthermore, the application of RPA is rising among SMEs in the region due to rising knowledge about improving various business functions, such as data entry, accounting/finance, procurement detail, record keeping, and several other HR-related functions.

Some of the major players operating in this market are Uipath SRL (U.S.), Automation Anywhere Inc. (U.S.), Nice Systems Ltd. (Israel), Pegasystems Inc. (U.S.), Blue Prism PLC (U.K.), Ipsoft, Inc. (U.S.), Celaton Ltd. (U.K.), Verint System Inc. (U.S.), OnviSource, Inc. (U.S.), Kofax Inc. (U.S.), FPT Software (Vietnam), EdgeVerve Systems Limited (India), Daythree Business Services Sdn Bhd (Malaysia), Kryon Systems (Israel), and Genpact Ltd (U.S.).



Source link

Previous Post

Think on it: Walnuts, Alzheimer’s Disease Progression and General Good Brain Health

Next Post

Dammam Valley/KSA and Arcensus GmbH/Germany announce the establishment of the Saudi-German Genomic Center in Riyadh to perform high-throughput analysis of genetic samples from the GCC region to improve the medical healthcare system.

RelatedNews

Press Releases

Emailwire.com Press Release Services

June 17, 2025
Press Releases

Emailwire.com Press Release Services

June 17, 2025
Press Releases

Emailwire.com Press Release Services

June 17, 2025
Press Releases

Emailwire.com Press Release Services

June 17, 2025
Press Releases

Emailwire.com Press Release Services

June 17, 2025
Press Releases

Manufacturing Operations Management Software Market Projected to Reach CAGR of 6.97% by 2032

June 17, 2025
Submit a Press Release

Subscribe to our Newsletter

    Recommended

    سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة

    سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة

    2 years ago
    Стратегическая ценность распространения пресс-релизов на финансовых рынках Европы

    Основні гравці європейських фондових бірж та їхні економічні перспективи

    1 year ago

    Subscribe to our Newsletter

      Share Us:

      Category

      Middle East
      Europe
      Africa
      Business
      Tech
      Lifestyle
      Pres Releases

      Recent Post

      Recent Posts
      • تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025
      • تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025
      • HONGQI تستعرض الفخامة الشرقية في معرض هونغ كونغ الدولي للسيارات وسلسلة التوريد 2025
      • Lemnisk Unveils Industry-First Innovations for the AI Era of Customer Engagement

      About Us

      The MEA Times reports and aggregates business, Tech and lifestyle news on EMEA regions.

      We provide press release distribution to media outlets in Africa, Middle East and Europe. Submit a press release or contact us today.

      MEA Times™ is part of GroupWeb Media Network. © 2025 GroupWeb Media LLC
      No Result
      View All Result
      • Middle East
      • Europe
      • Africa
      • Business
      • Tech
      • Lifestyle
      • Press Releases

      © 2022 - MeaTimes.com