Robotic Process Automation Market Growing at a CAGR of 30.14% During 2017 to 2022 - Seite 2

Rule-based robotic process automation held a larger market share vs. knowledge-based operations in 2016. Business processes require a highly flexible and reusable model that can be rapidly configured. Software programming is required to some extent for back-end business operations and for ongoing business processes, which are validated and tested against business logic. Rule-based robotic process automation is used for repetitive administrative tasks in the context of constant business behavior.

The BFSI domain held the largest share of the robotic process automation market among all the industries in 2016.In the BFSI space, multiple systems are linked to each other by interfaces to enable the flow of transaction-related data. Robotic process automation controls and monitors these interfaces to ensure seamless execution of transactions and fill data gaps. Robotic process automation improves the accuracy and efficiency of different processes in the BFSI industry. These solutions also help in regulatory reporting and balance sheet reconciliation by collating data from multiple systems and conducting a host of validation checks to prepare information for a detailed analysis.

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The robotic process automation market for Asia Pacific is expected to grow at the highest rate between 2017 and 2022 among all the regions in 2016.This is mainly attributed to the presence of the outsourcing industry in countries such as India and China. Increased operational efficiency and lower costs, with reduction in full-time employee, are the other benefits associated with robotic process automation.

Key players in the market include Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pega systems (U.S.), Redwood Software (U.S.), UiPath (U.K.), Verint (U.S.), and Xerox Corporation (U.S.).

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