The global cognitive robotic process automation (CRPA) market is expected to grow with a CAGR of 11.4% from 2024 to 2030


Posted September 24, 2023 by Lucintel

According to a market report by Lucintel, the future of the global cognitive robotic process automation market looks promising with opportunities in the finance and banking, telecom and it services, and insurance and healthcare markets

 
According to a market report by Lucintel, the future of the global cognitive robotic process automation market looks promising with opportunities in the finance and banking, telecom and it services, and insurance and healthcare markets. The global cognitive robotic process automation market is expected to reach an estimated $11.3 billion by 2030 with a CAGR of 11.4% from 2024 to 2030. The major drivers for this market are increasing demand for automation across industries, rapid digitalization, and continual growth in e-commerve sector.

In this market, service and platform are the two major segments of cognitive robotic process automation market by type.
Lucintel forecasts that service is expected to witness higher growth over the forecast period due to its growing preference among organziations to independently implement and manage CRPA solutions.
Within this market, finance and banking is expected to witness highest growth over the forecast perioddue to rising use of cognitive robotic process automation in this sector to improve efficiency, reduce costs, and mitigate risk.

North America is expected to witness highest growth over the forecast period due to growing preference towards technological advancement among industries and presence of key players in the region.

Blue Prism, Automation Anywhere, IPsoft, NICE Systems, UiPath, Verint System, Pegasystems, Kryon Systems, Kofax, and Thoughtonomy are the major suppliers in the cognitive robotic process automation market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cognitive robotic process automation market by type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Cognitive Robotic Process Automation Market 2024-2030: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cognitive robotic process automation market by type, application, and region as follows:

Cognitive Robotic Process Automation Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Services
• Platform
Cognitive Robotic Process Automation Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Finance and Banking
• Telecom and IT Services
• Insurance and Healthcare
• Others
Cognitive Robotic Process Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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Issued By Lucintel
Country United States
Categories Business
Tags cognitive robotic process automation market
Last Updated September 24, 2023