Robotic Process Automation Market – Growth, Trends, and Forecast (2020 – 2025)

The robotic process automation market was valued at USD 1549.6 million in 2019 and is expected to reach USD 7109.3 million by 2025, at a CAGR of 27.7% over the forecast period 2020 – 2025. Robotic process automation (RPA), also called as intelligent automation or smart automation, basically refers to advanced technologies that can be programmed to perform a series of tasks, like data manipulation, triggering responses, and creating necessary communication with other process and systems, which previously required human intervention. Market vendors are also enhancing their offerings, by adding new features in areas, such as automation lifecycle management, workload management, SLA-based automation, credential management, and Citrix automation, as well as adding new data APIs. These enhancements are attracting new industries that are looking for higher operational and security capabilities.

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