Retail and consumer goods, healthcare and pharmaceuticals, banking, financial services, and insurance (BFSI), telecom and IT, and manufacturing are the major industries in which robotic process automation solutions are used. Out of these, the adoption of these solutions is predicted to increase even more in the healthcare and pharmaceuticals industry in the forthcoming years.
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This is because these solutions offer numerous benefits such as reducing unnecessary expenditure on administrative resources to the companies operating in the healthcare and pharmaceutical industry. According to the forecast of P&S Intelligence, a market research firm based in India, the valuation of the robotic process automation market would grow from $1.6 billion to $46.0 billion from 2019 to 2030. The market is also predicted to advance at a CAGR of 36.3% from 2020 to 2030.
Geographically, the robotic process automation market is predicted to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the future years. This would be because of the increasing gross domestic product (GDP) of the developing nations of APAC such as India and China and the rising public awareness about automation in these countries. Moreover, the adoption of this automation technology is significantly enhancing the productivity of the businesses operating in this region.
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This market research report provides a comprehensive overview of the robotic process automation market
- Historical and the present size of the robotic process automation market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential