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Showing posts with the label robotic process automation market

Automation Market - Forecast(2022 - 2027)

  Automation market is projected to reach $136.5 billion by 2026 growing at 3.7% CAGR during 2021-2026. Automation is a technology, which involves the usage of automated equipment or machines in various industries to reduce or eliminate human efforts, and increase the efficiency of work in a short period of time. In automation, the manufacturing and industrial sector is growing at a rapid rate and has led to the advancement of technology such as distributed production by factories and services, the implementation of autonomous plants, and the increasing use of remote operations to automate certain operations. Thus, the graph shows the technological, political, and economic development of the automation. Most of the European countries are heading towards innovation and are facing challenges like lack of skilled labor, but the development of automation companies promotes the production efficiency and empowers rapid economic growth. Most countries are seeking ways to enhance their ma...

Robotic Process Automation Market - Forecast(2021 - 2026)

Every organization that involves human interaction on a large scale for general process work such as heavy transactions, data entry, manipulating data, triggering responses, and recurring mechanical tasks are transitioning towards a fully automated workforce, and therefore, robot software, attended automation, and business process automation are becoming an integral part of the operation in various industries. These organizations are also leveraging on robot process automation (RPA), which is implemented with the help of RPA software that sits on the top of the infrastructure and mimics a human worker. It interacts with the existing IT infrastructure including in-house applications, user portal, and websites. The current wave of Industry 4.0 revolution supported by advanced technologies such as artificial intelligence, cloud computing, and machine learning are bolstering the demands in the process automation market which generated $864.38 million in 2018. Foreseeing the popular digital...