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Showing posts with the label process automation market size

Process Automation Market - Forecast(2021 - 2026)

 Process automation companies are currently the eye candies of investors. Couple of quick examples can be UiPath and Automation Anywhere. While the former raised its value to $3 billion through Series C funding in September 2018, the latter gained $300 million from SoftBank Vision Fund in November 2018 to climb up to $2.6 billion value. With such an influx of investments, the process automation market companies are employing the cumulative capital for the development of various automation equipment, and the market for the same is flourishing.  As per the findings of this IndustryARC report, the global process automation market size was at $65 billion in FY 2018. And, the demand is increasing at a progressive CAGR of 7% during the forecast period of 2019 to 2025. Although process automation market is flourishing throughout the world, the Asia-Pacific region has managed to grab the largest demand share of around 30% to 35% as of 2018. According to the IndustryARC market researc...