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Robotic Process Automation adoption is on the rise. It is increasingly adopted by organizations of all sizes across the world because everyone thinks

12 exciting RPA Statistics you can't miss in 2022
12 exciting RPA Statistics you can't miss in 2023

RPA adoption is on rising across industries and for multiple use cases. Let’s take a look at how is the state of robotic process automation adoption by looking at various stats.

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Investment in Robotic Process Automation technology is growing

Organizations around the world are focusing on Robotic process automation to achieve their cost-saving goals as mentioned by HfS Research with KPMG.

81% of companies are investing in robotic process automation technology to achieve their financial saving goals.

Worldwide RPA Software revenue is on rising!

The worldwide Robotic Process Automation Software revenue is increasing continuously. The revenue from RPA software is expected to reach $1.89Billion with a growth rate of 19.53%.

RPA Market Size Forecasts

  • The global Robotic Process Automation market size is already valued at $1.40 billion in 2019 and is expected to reach $11 billion by 2027, expanding at a CAGR of 34% from 2020 to 2027 (Grand View Research).
  • By 2025, the market for collaborative robotics is expected to reach $12 billion (MarketsAndMarkets)
  • According to Fortune Business Insights, the global Robotic Process Automation Market Size is projected to reach USD 7.64 billion in 2028, at a CAGR of 25.0% during the forecast period. (Embed the code)
  • The RPA adoption rates are increasing from 12% in 2019 to 20% in 2021 as mentioned by Computer Economics 2020.
  • The Robotic Process Automation industry will generate a total of around $22.5 Billion by 2025 according to the following Forrester image.

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RPA Adoption is rising

Over 78% of companies are already implementing RPA in their processes whereas an additional 16% are planning to implement RPA in the next 3 years.

Robotic Process Automation is used across industries.

RPA adoption is on rising across different functions. RPA for finance will grow around 12.7 times its current adoption rate in the next 2-3 years. RPA for HR will grow over 3.7x times, RPA in procurement will increase by 4.3 times its current size while GBS will increase by 5.2 times in the next 2-3 years.

According to HfS Research, the maturity of robotic process automation across various functions are mentioned below:

  • Insurance - 38%
  • Retail - 36%
  • Energy - 30%
  • Healthcare - 30%
  • Manufacturing - 28%
  • Banking & Financial Services - 24%
  • Healthcare - 22%

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