Robotic Process Automation Market to CAGR at 31.8% and to USD 10 781.0 million in 2027

The global market for robotic process automation was USD 898.3 million in 2018 and is forecast to progress from 2019 to 2027 to CAGR at 31.8% and to USD 10 781.0 million in 2027.
By: Credence Research
 
SAN JOSE, Calif. - March 23, 2021 - PRLog -- "Robotic process automation improving the work efficiency"

Robotic Process Automation (RPA) (https://www.credenceresearch.com/report/robotic-process-automation-market) is helping to automate business processes and workflows. Instead of removing the person from the process, it understands that, in virtually every case, automation will involve some combination of human and robotic input for successful execution. The major secret of RPA is that person can identify the optimum combination of human and robotic collaboration for any specific workflow or process. The robot does what the person does — just much faster and without making mistakes. Within a workflow it can be possible for the user to break down the tasks and to select those which can be executed by the robot and tasks where the robot needs some human support.

The RPA has the flexibility to evolve as the process changes. Thus, RPA doesn't require businesses to change either the business process or the IT infrastructure that underpins it. As systems are updated or new technologies added, the robot can be quickly and cost-effectively updated to incorporate new capabilities with minimal or no business disruption.

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Robson Tolson
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