Robotic Process Automation Market Registering A CAGR Of 32.8% From 2021 To 2028
San Francisco, 15 June 2021: The Report Robotic Process Automation Market Size, Share & Trends Analysis Report By Type, By Service, By Application, By Deployment, By Organization, By Region, And Segment Forecasts, 2021 - 2028 The global robotic process automation market size is expected to reach USD 13.74 billion by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 32.8% over the forecast period. The COVID-19 pandemic disrupted enterprise business activities worldwide, resulting in a revenue loss in FY 2020. The decline in enterprises’ revenue resulted in the need for cutting overhead expenses by automating the process and reducing the number of employees involved in performing redundant tasks. Market players leveraged this as an opportunity to introduce robotic process automation (RPA) to enterprises. The RPA adoption increased in small- and medium-scale organizations that were adversely affected by the slow business and temporary shutdowns.