RPA Space Set to Explode, Growing at a Mammoth 37% to Reach $11Bn+ by FY2024, Says Zinnov
/ -- - The total worldwide addressable market for RPA stands at $50 Bn, and the Banking & Financial Services, Insurance, Healthcare, Telecom & Media are the leading industries for RPA adoption
- Attended RPA (bots working together with humans) accounts for ~30% of the market share and is growing at a steady pace
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Speaking at the launch of the study, Praveen Bhadada, Partner & Practice Head - Digital Transformation, Zinnov, said, "The RPA space is becoming riveting as the exponential growth in this space is catching the attention of global enterprises, Tech Giants, niche ISVs and Service Providers alike. Over 5000 enterprises worldwide are currently deploying RPA in some form, and while the initial traction has been beyond impressive, the next wave of growth will only come in as enterprises scale their RPA adoption significantly. The BPM outsourcing industry is already getting disrupted due to RPA, and IT & Engineering workloads are also likely to attain automation maturity soon. Given the massive opportunity, we expect the RPA industry to generate several technology Unicorns over the next 5 years."
Founded in 2002, Zinnov is a global management and strategy consulting firm, with presence in Silicon Valley, Houston, Bangalore, and Gurgaon. Over the past 17 years, Zinnov has successfully consulted with over 250+ Fortune 500 customers to develop actionable insights that help them in their transformation journeys. With core expertise in Product Engineering and Digital Transformation, Zinnov assists clients by:
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