RPA revenue to reach nearly $2 billion in 2021 — Gartner

Worldwide gross sales of robotic course of automation software program will attain practically $ 2 billion by 2021, in keeping with Gartner

Covid-19 has accelerated the adoption of robotic course of automation.

Based on Gartner’s newest forecast, world RPA gross sales are anticipated to succeed in $ 1.89 billion in 2021, up 19.5% from 2020.

Regardless of the financial pressures brought on by the Covid-19 pandemic, the RPA market is anticipated to proceed rising at double digits via 2024.

“The primary driver for RPA initiatives is their skill to enhance course of high quality, pace and productiveness. This turns into more and more necessary as firms try to satisfy value discount necessities throughout Covid-19,” stated Fabrizio Biscotti, analysis vice chairman at Gartner.

“Corporations can rapidly advance their digital optimization initiatives by investing in RPA software program, and the development will not go away anytime quickly.”

RPA gross sales are anticipated to succeed in $ 1.58 billion in 2020, an 11.9% improve over 2019 (see Desk 1). By 2020, common RPA costs are projected to lower by 10% to 15%, with an annual decline of 5% to 10% anticipated in 2021 and 2022, leading to robust downward worth stress.

7 key RPA tendencies for 2020: from AI enabler to extra strategic scaling

Peter Walker, CTO EMEA at Blue Prism, explains what main RPA developments could be anticipated this yr in order that firms can obtain optimum outcomes. Learn right here

Company curiosity in RPA catalyzed by Covid-19

The pandemic and the ensuing financial injury elevated the curiosity of many organizations in RPA.

Gartner predicts that 90% of enormous firms worldwide may have carried out RPA in some type by 2022 with a purpose to digitally strengthen vital enterprise processes via resilience and scalability, whereas on the identical time recalibrating human work and handbook effort.

“Gartner assumes that the demand for RPA will improve and that service suppliers will have the ability to present their prospects with RPA options extra persistently as a result of results of Covid-19,” commented Cathy Tornbohm, revered Analysis Vice President at Gartner.

“The decreased reliance on human labor for routine digital processes might be extra interesting to finish customers not solely to scale back prices, but additionally to insure their enterprise in opposition to future impacts like this pandemic.”

RPA capability progress

Massive organizations will triple the capability of their present RPA portfolios by 2024.

Based on Gartner, nearly all of “new” spending will come from massive firms which can be buying new add-on capability from their authentic vendor or companions within the ecosystem.

“As companies develop, they should add licenses to run RPA software program on extra servers and add extra cores to deal with the load,” added Biscotti. “This development naturally displays the rising calls for positioned on a company’s ‘in all places’ infrastructure.”

Future RPA prospects will come from non-IT consumers

By 2024, Gartner predicts that almost half of all new RPA prospects will come from enterprise consumers exterior the IT group.

“Main RPA software program distributors have efficiently approached Chief Monetary Officers (CFOs) and Chief Working Officers (COOs) as a substitute of IT alone. They just like the quick deployment of low-code / no-code automation. The problem is to efficiently combine RPA into heterogeneous, altering environments. That is the place IT coordination could make all of the distinction, ”added Biscotti.

Source link

Leave a Comment