Gartner says global RPA market grew by 63% last year

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. 

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“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.”