Digitalizing business processes through robotics will escalate the Robotic Process Automation Market
Latest market study on "South America Robotic Process Automation Market to 2027 - Analysis and Forecast by Component (Solution and Services); Industry Vertical (BFSI, Retail, Telecommunication, Healthcare, Transportation & Logistics)", The Robotic Process Automation Market is estimated to reach US$ 1,009.1 Mn by 2027 from US$ 64.3 Mn in 2018 with a CAGR of 36.2% during the forecast period 2019-2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Robotics has become an exhilarating capability enabling the service providers to suite up their clients with an ability to further digitalize their business processes. The trend is expected to witness significant adoption in South America for the year to come. According to EVP, global sales, Blue Prism South America is anticipated to be a pioneer in adoption of process automation, and the company has projected to experience groundswell of demand for enterprise grade RPA solutions.
As automation improves, many companies from several industries have impacted positively. For instance, the Chilean government had initiated a program called Start-Up Chile that encouraged the young entrepreneurs to focus on an educated workforce so that the country can benefit from the automation revolution. Furthermore, the region is focusing on initiatives towards mobile based and digital business systems among large private corporations as well as government organizations.
Some of the key companies operating in robotic process automation market across the globe include are Atos SE, Blue Prism Group Plc. Nice Systems, Pegasystems, Inc., and Thoughtonomy Ltd among various other leading market players. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
The report segments the South America robotic process automation market as follows: