Gartner says global RPA market grew by 63% last year

By Marcus Lawrence
According to a recent report from leading market analyst Gartner, the global robotic process automation (RPA) market grew by 63% in 2018, reaching aroun...

According to a recent report from leading market analyst Gartner, the global robotic process automation (RPA) market grew by 63% in 2018, reaching around US$846 in revenues.

RPA is revolutionising back-end processes for firm’s worldwide, mopping up repetitive tasks and enabling staff to instead focus on value-added activities.

Gartner expects RPA revenues to reach a value of $1.3bn in 2019, with UiPath, Automation Anywhere and Blue Prism leading the pack with 13.6%, 12.8% and 8.4% of the market respectively.

“The RPA market has grown since our last forecast, driven by digital business demands as organizations look for ‘straight-through’ processing,” said Fabrizio Biscotti, Research Vice president at Gartner, in the report’s accompanying press release. 

SEE ALSO:

“Competition is intense, with nine of the top 10 vendors changing market share position in 2018.”

He added: “This is an exciting time for RPA vendors.

“However, the current top players will face increasing competition, as new entrants will continue to enter a market whose fast evolution is blurring the lines distinguishing RPA from other automation technologies, such as optical character recognition and artificial intelligence.”

Share

Featured Articles

Orange cyber report: highest number of victims ever recorded

Orange Cyberdefense's Security Navigator 2024 reveals the highest number of cyber extortion victims recorded, with an increase of 46% worldwide in 2023

ChatGPT turns one: How AI chatbot has changed the tech world

One year on from its launch, OpenAI's groundbreaking language model ChatGPT continues to transform and evolve with ever-increasing capabilities

AWS announces AI tool Amazon Q to reimagine future of work

AWS has announced Amazon Q, a generative AI-powered assistant empowering businesses unlock the potential of AI for every employee

Deloitte & IBM: Data solutions driving tech sustainability

Data & Data Analytics

Carlsberg Group is using IoT to make data-driven decisions

Data & Data Analytics

Capgemini: Gen AI accelerating software-led transformations

Enterprise IT