Robotic Desktop Automation (RDA) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
Robotic desktop automation (RDA) is a kind of intelligent process automation (IPA) software. Robotic desktop automation software is installed locally on an operator’s laptop or desktop. The RDA software is commenced on demand or against a schedule, for agent assist automation, assistive automation, and in-line automation. Robotic desktop automation is considered as the 4th industrial revolution in the business industry. It signifies the next robot generation in the workforce, moving from manufacturing industries to corporate offices. RAD is application of algorithms and software that automates processes, designing and creating robots that direct other software to perform routine processes formerly carried out by humans. Robotic desktop automation performs these operations at a desktop level, alongside a human. Moreover RDA optimizes employees’ way of working by integrating, automating, and simplifying the processes and technologies. RDA integration give businesses the opportunity to rationalize back, front, and middle office operations, by releasing resources, capital, and time. With RDA incorporation, organizations are enabled to deliver swifter and unified transactions, thus accelerating employee efficiency and reducing customer endeavor and finally increasing operational productivity.
Expansion of the global robotic desktop automation market is anticipated to be driven by the rising demand for cutting operational cost and profitability improvement both in manufacturing and corporate sectors.The advent of the Internet and Internet of Things across various end use verticals is also set to boost the robotic desktop automation market across the world, both across developed and developing countries. Further, the growing need for automated support processes from shared service centers to manage accounting, payroll, human resources, compliance, IT, legal, purchasing, and security processes is anticipated to drive the global robotic desktop automation market in near future. Moreover, need to maintain consistency and enhance accuracy to maximize output in operation line, while letting staff focus on other strategic areas is also driving the robotic desktop automation market globally.
However, failure to apply finance controls (as RAD processes are automated) is expected to obstruct the global robotic desktop automation market. Further, vulnerability of committing errors outside the scope of RAD and high initial cost of automation are expected to negatively affect the global market growth. Need for swifter delivery in manufacturing industries, unified transactions in banking, and to smoothen the processes in service centers and in information technology industries is expected to create significant opportunity for the global RDA market during the forecast period.
The global robotic desktop automation market is segmented on the basis of service type, application, and end-use industry. Service type is further segmented into professional services and training services. The end-use industry segment is categorized into banking and financial services and insurance (BFSI), telecom/IT sector, healthcare, retail, manufacturing and others.
In terms of geographic regions, the global robotic desktop automation market is segmented into North America, Europe, Middle East & Africa (MEA), Asia Pacific (APAC), and South America. North America is further segmented based on country, which includes the U.S., Canada, and Rest of North America. The RAD market in Europe is given across the U.K., Germany, France, and Rest of the Europe. Similarly, across APAC, MEA, and SA, the RDA market is classified among India, China, Japan, GCC countries, Saudi Arabia, and Brazil.
The market in North America is expected to hold the major share of the RAD market. Also, considering the massive technological advancements across emerging economies, for instance across APAC and MEA regions, the RAD market is expected to witness significant CAGR growth rate in APAC and MEA during the forecast period.
Some of the industry participants dominating the global robotic desktop automation market are Jacada Inc., Pegasystems Inc., Blue Prism, Intradiem, RoboTask, Automation Anywhere, Inc, UiPath, Softomotive Ltd, Samyutam, Kleptika, and Accenture.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Robots
TechnologySelf-Service Technology Market: Current Scenario and Forecast (2020-2026): Emphasis on Product Type (Vending Machine, Automated Teller Machine, Kiosks), Vending Machine Type (Beverage, Candy, Snacks, Gumball, Cigarette), ATM Type (Conventional, Brown Label, White Label, Smart ATM, Cash Dispenser), Kiosks Type (Photo, DVD, Ticketing, HR& Employment, Patient Self Service, Information Providing, Banking & Financial, Specialized), Solution Type (Deployment, Managed Services) and Region/Country
TechnologyAsia-Pacific Smart Homes Technology Market: Insights and Forecast, 2018-2024: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)