According to research done by KRC Research, approx. 80% of executives believe that they could save 360 hours a year through automation. That’s the reason companies are switching into AI-driven Robotic Process Automation. It is estimated that by 2024, “robotics process automation is forecasted to be a $3.5-billion-dollar market in North America alone.'' 

These numbers themselves speak a lot and clearing all skepticism related to RPA importance in business’s workflow. Now it becoming an integral part of businesses and smoothing operational process and making employees more efficient and effective. 

The rise in Artificial Intelligence services will also curve the role of the C-suite by opening up new training and career opportunities across various levels of the organization. Before discussing anything related to RPA, let’s discuss about Robotic Process Automation. 

What is RPA?

Robotic process automation is a process in which software integrated with Artificial Intelligence and Machine Learning technologies can handle high-volume, repeatable tasks, calculations and maintenance of records and transactions.

Previously these tasks were handled by humans even today some companies are using the traditional process to deal with repeatable tasks which are prone to error manually. 

With RPA systems, mobile app developers create the action list by tracking the user activities and then perform the automation by repeating those tasks directly in the GUI. This minimizes the limitations to the use of automation in products that might not otherwise feature APIs for this purpose.

It’s time to discuss RPA’s architecture, let’s proceed.

The Architecture of Robotic Process Automation

The architecture of Robotic Process Automation includes several tools, platforms, and various blocks:

RPA Tool:

• RPA tools automate a variety of mobile application environments such as Web, Desktop, and Citrix environments.

• Build reusable components that can be applied to multiple robots.

RPA Platform:

• RPA platform provides the ability to develop significant insights on the bots and execution process.

• RPA in the cloud acts as a shared repository to ensure storage of all the software robots and also the RPA based resources using the tool. 

RPA Execution Infrastructure:

• RPA execution infrastructure act as bridge parallel physical or virtual lab machines which are controlled by usage patterns.

• It allows machine scale up or down to achieve the automation.

Configuration Management:

• In configuration management, robots are updated to a new version.

• Perform branching and merging of RPA bots because they are reusable across the libraries. 

Benefits of Robotic Process Automation in the Business

There are various benefits of having RPA in business, let’s discuss a few of them. 

Cost Savings:

One of the biggest advantages of robotic process automation is that it reduces the cost by automating the repetitive work.   

Quality Work:

Even the most careful human can and will make a mistake but with RPA, companies can perform work error-free.

Speed:

Speed is another factor in which automation wins. Business Intelligence automation enables mobile app developers to complete the project faster and bring it to market sooner. Today most of the mobile app development companies are using an automated process to complete software development. 

Insights and Analytics:

RPA offers the ability to track, collect, analyse, organize and store valuable data. That data then can be utilized to improve the existing operations of a business and develop best practices for future work.

Lower Operational Risk:

Robotic Process Automation eliminates the rate of errors while operation thereby offers a lower level of operational risk. Now mobile app development companies are started to leverage automated testing tools for testing which provides faster internal reporting, on boarding, and other internal activities.

Summing Up 

Whenever new technology introduced to the world it viewed with Pyrrhonism and doubt, same happened with and Robotic Process Automation. But now it has started spreading wings in the businesses. RPA is increasingly being adopted by enterprises, in fact, various companies are already leveraging its benefits. With AI/ML-enabled software, it has evolved from simply automating processes to becoming a driving factor of enterprise transformation.  

The global robotic process automation (RPA) market size is expected to reach USD 3.97 billion by 2025, according to a new study by Grand View Research, Inc. It is estimated to expand at a CAGR of 31.1% over the forecast period. Different organizations in different sectors are increasingly challenged by the growing competition due to shift in technology and consumer preferences.

The adoption of Artificial Intelligence (AI) and automation solutions has enabled organizations to tackle such challenges while meeting consumer expectations. Moreover, these technologies focus on enhancing the employee experience rather than replacing them. One of such technologies gaining rapid traction is RPA, which handles repetitive and rule-based tasks without human intervention. Thus, RPA enables organizations to automate repetitive functions and focus more on core business tasks.

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In Small and Medium-scale Enterprises (SMEs) that face business limitations, in terms of financial and human resources allocation, the implementation of RPA is expected to provide growth avenues. As the deployment of robotic process automation can assist an organization to keep its operations as lean as possible. Also, the use of automation technologies has become a crucial factor to gain long-term profitable growth. These software bots exhibit the maximum efficiency and can work 24/7 through the year on their assigned task, which results in achieving accelerated productivity.

Moreover, deployment of RPA increases the quality of services to the end-users as it eliminates the potential of human error that results in inconsistency in process execution. Furthermore, RPA offers organizations with comprehensive intelligence and assists the users with actionable information and better insights. The role of technology in a complex business environment is evolving continuously. The ever-increasing stringency of regulations and necessary compliance functions hamper employee efficiency.

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With the deployment of RPA, organizations can achieve greater compliance. Furthermore, the RPA processes are customizable aimed at operating with the existing, as well as new standards and regulations. Thus, automation technologies can help organizations streamline different structured processes at a lower cost.

Further key findings from the study suggest that:

• Services type segment is anticipated to register the highest CAGR over the forecast period. Consulting service was valued at USD 179.8 million in 2018 and is estimated to witness a healthy growth in near future

• Implementation services is anticipated to register the highest CAGR of 33.5% over the forecast period

• Large enterprise segment is expected to maintain its dominance in the Robotic Process Automation (RPA) market and is projected to reach USD 2.51 billion by 2025

• BFSI application segment led the market in 2018; however, SME segment is anticipated to register the highest CAGR over the forecast period

• North America is expected to be the dominant region while Asia Pacific is anticipated to witness the maximum growth

• Some of the key companies in the market include Automation Anywhere, Inc.; Blue Prism Group Plc; UiPath; Be Informed B.V.; OpenSpan; and Jacada, Inc. 

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Robotic process automation (or RPA) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.

According to this study, over the next five years the Robotic Process Automation (RPA) Platform Training market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global revenue market share of key companies in Robotic Process Automation (RPA) Platform Training business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Robotic Process Automation (RPA) Platform Training market by product type, application, key companies and key regions.

This study considers the Robotic Process Automation (RPA) Platform Training value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 10.7.

• Online Training
• Classroom Training

• Industry Segmentation
• Academic sector

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Spain
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

• UiPath Training
• The RPA Academy
• Blue Prism
• Anexas
• Digital Workforce Academy
• Automation Anywhere
• Cignex Datamatics
• Kelly Technologies
• Symphony
• Tek Classes
• Virtual Operations

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Robotic Process Automation (RPA) Platform Training market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
• To understand the structure of Robotic Process Automation (RPA) Platform Training market by identifying its various subsegments.
• Focuses on the key global Robotic Process Automation (RPA) Platform Training players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Robotic Process Automation (RPA) Platform Training with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Robotic Process Automation (RPA) Platform Training submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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