RPA gross sales are down considerably YOY however are nonetheless robust, indicating the emergence of ‘hyper-automation’.
Whereas down considerably over 2021’s numbers, gross sales of robotic course of automation (RPA) software program are projected to achieve $2.9 billion by the top of 2022, in keeping with Gartner. This is a rise of 19.5% from 2021.
“By attaining a progress charge of 31% in 2021, the RPA market grew nicely above the typical worldwide software program market progress charge of 16%,” mentioned Cathy Tornbohm, distinguished vp and analyst at Gartner, in a press launch. “Organizations are leveraging RPA to speed up enterprise course of automation initiatives and digital transformation plans … to enhance operational effectivity.”
Gartner expects worldwide RPA software program gross sales to extend at 17.5% 12 months over 12 months by means of 2023.
What’s RPA and the place is it greatest used?
RPA is an human emulation expertise that permits a person to create scripts (normally known as bots) to automate particular keystrokes and actions, Gartner mentioned. RPA mimics transaction steps inside a course of or workflow together with knowledge manipulation, passing knowledge to and from functions, triggering responses and/or executing transactions. RPA depends on a mixture of person interface interplay and descriptor applied sciences that overlay on a number of functions.
RPA and different clever automation applied sciences rely closely on AI, mentioned Varsha Mehta, senior market analysis specialist at Gartner.
“AI is an especially necessary element of clever automation as a result of it helps drive data-driven decision-making and through machine studying it could actually begin to extract and categorize emails, buyer functions which embrace structured and unstructured textual content for instance,” she mentioned. “AI is the foundational core of those listed applied sciences/capabilities.”
SEE: Synthetic Intelligence Ethics Coverage (TechRepublic Premium)
Why enterprise leaders ought to think about using an RPA
Due to the enterprise advantages together with the streamlining of enterprise processes and productiveness positive factors, organizations are anticipated to extend RPA adoption in an try and automate repetitive guide duties, mentioned Gartner. The objective is to release staff for extra strategic and worth added work.
“Applied sciences like RPA can be utilized to mix a number of interplay varieties with the UI interplay to finish a course of circulate which requires for instance knowledge being manipulated from the web, in mainframes and on shopper servers,” mentioned Mehta. “For instance, when a brand new regulation is launched like private safety plans, this includes plenty of knowledge being mixed and collated and this may have wanted banks to rent many new individuals to carry out this work.”
RPA distributors are also increasing to supply a collection of instruments that encompasses low-code utility platforms, course of mining, process mining, determination modeling, iPaaS, pc imaginative and prescient and clever doc processing capabilities.
SEE: Metaverse cheat sheet: Every part it’s essential to know (free PDF) (TechRepublic)
Hyper-automation elements into RPA progress
Hyper-automation is a business-driven, disciplined strategy that organizations use to quickly determine, vet and automate as many enterprise and IT processes as potential, mentioned Mehta. Hyper-automation includes the orchestrated use of a number of applied sciences, instruments or platforms, together with however not restricted to, AI, ML, event-driven software program structure, RPA, integration platform as a service, clever enterprise course of administration, low-code/no-code, course of mining, process mining, IDP, packaged software program and different forms of determination and process automation instruments.
Gartner forecasts that by 2025 the marketplace for software program that allows hyper-automation will attain almost $860 billion. Demand for hyper-automation is being pushed by a robust want for digital transformation and automation of enterprise and IT processes.
Most RPA gross sales are anticipated to happen in North America, Western Europe and Japan, which collectively signify 77% of 2022 RPA income. North America accounts for the most important income share at 48.5%, adopted by Western Europe and Japan at 19% and 10%, respectively.