Robotic Process Automation Market: Product Launches by Kofax, Inc. and Uipath Srl to Lead to Expansion, states Fortune Business Insights™
Summary
Pune, India, Feb. 24, 2021 (GLOBE NEWSWIRE) -- The global size is expected to experience considerable growth by reaching USD 6.10 billion by 2027 while exhibiting an astounding CAGR of 24.9% between 2020 and 2027. Owing to the restrictions imposed by the government to limit the intervention of humans, companies are rapidly adopting automated services such as robots or bots across several industrial applications such as automotive, healthcare, and manufacturing. Additionally, the adoption of artificial intelligence and metaphorical software robots to expedite the overall process and reduce the operating costs of a business is driving the demand for these advanced solutions across several industrial applications. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain a market stronghold between 2020 and 2027. The data migration & capture extraction segment, based on application, is expected to gain momentum owing to the rising demand of consumers to obtain instant and fast solutions for their queries.