Absolute Market Insights recent analysis of the Robotic Process Automation In Manufacturing Market finds that the increasing demand from the manual to automated processes, easy to use because it doesn’t need any skills related to coding is expected to witness maximum growth in the Robotic Process Automation In Manufacturing Market during the forecast period. The global Market revenue stood at a value USD 1,636 Mn in the year 2021.
Market Synopsis
Technology has undoubtedly revolutionized the world. Every industry and domain have been reaping benefits out of the constantly changing technology. Robotics is rampantly providing an impetus to the growth of various industries. Robotic Process Automation (RPA) is transforming the way organizations across different industries do business. It allows organizations to automate certain types of work processes to reduce the time spent on costly manual tasks and increase efforts to deliver mission critical work.
Robotic Process Automation In Manufacturing Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Robotic Process Automation In Manufacturing Market is predicted to grow at a CAGR of roughly 36.40% during the forecast period.
- The Robotic Process Automation In Manufacturing Market was estimated to be worth roughly 1,636 Mn in 2021 and is expected to reach USD 19,534 Mn by 2028; based on primary research.
- On the basis of region, is projected to dominate the worldwide Robotic Process Automation In Manufacturing Market.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Robotic Process Automation In Manufacturing Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
This facilitates the automation of operations that are based on rules, which betters execution of process in terms of accuracy and speed. While the robotic process automation is extremely easy to use, mainly because it doesn’t need any skills related to coding.Majority of companies are now turning towards automating their existing processes with the help of robotics and this is driving the growth of the robotic process automation in manufacturing market.
Restraint:
The reluctance of companies to switch from manual to automated processes is expected to restrain the market growth. The lack of understanding about the technology pose a barrier to the adoption of this software.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Robotic Process Automation In Manufacturing Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
The robotic process automation in manufacturing market, North America dominated in terms of market share in 2021. Presence of top innovation companies in the region helps this market grow.
List of Prominent Players in Robotic Process Automation In Manufacturing Market:
- Automation Anywhere Inc.
- Blue Prism Limited
- EdgeVerve Systems Limited
- IBM
- Nintex UK Ltd
- Pegasystems Inc.
- UiPath
- Nividous
- ClaySyS
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Robotic Process Automation In Manufacturing Market?
- How will the Robotic Process Automation In Manufacturing Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Robotic Process Automation In Manufacturing Market?
- What is the Robotic Process Automation In Manufacturing Market drivers and restrictions?
- What will be the CAGR and size of the Robotic Process Automation In Manufacturing Market throughout the forecast period?
This market titled Robotic Process Automation In Manufacturing Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years: 2016-2028
Base Year: 2021
Historic Years: 2016-2020
Forecast Years: 2022-2028
Segmentation Covered:
- By Offering
- Solutions,
- Services
- Implementation Services,
- Training,
- Consulting and Support Services,
- Others
- By Deployment
- Cloud,
- On Premise
- By Organization Size
- Small and Medium Organizations,
- Large Organizations
- By Platform
- Desktop,
- Web,
- Mobile
- By Department
- HR,
- Finance/Accounting,
- IT,
- Sales/Marketing,
- Others
- By Application
- Bill of Material Generation,
- Purchase Order Management,
- Invoice Management,
- Customer Support and Service Desk,
- ERP Management,
- Workflow Management,
- Regulatory Compliance,
- Others
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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