{"id":91140,"date":"2020-11-25T21:20:00","date_gmt":"2020-11-25T21:20:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2769040"},"modified":"2020-11-25T21:20:00","modified_gmt":"2020-11-25T21:20:00","slug":"robotics-process-automation-in-finance-market-witness-robust-growth-nice-ltd-blue-prism-pegasystems-kofax","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/11\/25\/robotics-process-automation-in-finance-market-witness-robust-growth-nice-ltd-blue-prism-pegasystems-kofax\/","title":{"rendered":"Robotics Process Automation in Finance Market Witness Robust Growth | NICE Ltd, Blue Prism, Pegasystems, Kofax"},"content":{"rendered":"

Global Robotics Process Automation in Finance Market Size study with COVID-19 impact, by Type (Software and service), by Service Insight (Consulting, Implementation and Training), by Organization Insight (SMEs and Large Enterprise), by Deployment Insight (Cloud and On-premises), by Application Insight (BFSI, Manufacturing, Pharma and Healthcare, Retail, Telecom & IT and Others) and Regional Forecasts 2020-2026\u00a0 , Covid 19 Outbreak Impact <\/strong>research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market\u2019s historic and forecast market growth by geography. It places the market within the context of the wider Robotics Process Automation in Finance market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Robotics Process Automation in Finance market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get<\/strong> complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market <\/strong>Outbreak Impact Analysis & <\/strong>Situation by Region<\/strong><\/p>\n

Download Free Sample Copy of \u2018Robotics Process Automation in Finance<\/strong> market\u2019 Report @<\/p>\n

https:\/\/www.reportocean.com\/industry-verticals\/sample-request?report_id=bw829<\/strong><\/a><\/p>\n

Global Robotics Process Automation in Finance Market is valued approximately USD 1.10 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 33.60% over the forecast period 2019-2026.<\/strong> Robotic Process Automation is referred to the technology which allows configuration of computer software, or a “robot” to emulate and integrate the actions of a human interacting within digital systems to execute a business process. RPA robots utilize the user interface to capture data and manipulate applications just like humans do. Within a financial sector, robotics process automation helps in improving various banking process related to payable accounts, credit card processing, overall customer service, account closure process, opening accounts and receivables, and mortgage processing, among others. Also, it helps in eliminating repetitive and time-consuming manual tasks within an organization. Whereas, it has favorable benefit within financial department of various organizations from different sectors enceto manage and cooperate\u00a0 with the financial distress occurred within an organization due to the COVID-19. In, addition, the rapid growth in banking, financial services and insurance (BFSI) across the globe and commendable application of robotics process automation in eliminating repetitive and time-consuming manual tasks is driving the growth of market over the forecast years. Along with the rising challenges of tedious operational processes such as intense competition, workflow disconnect, and inaccurate reporting of transactions propel the growth of robotics process automation in finance market over the forecast years. For instance: as per the Indian Brand Equity Foundation (IBEF), the Indian banking system consists of 18 public sector banks, 22 private sector banks, 46 foreign banks, 53 regional rural banks, 1,542 urban cooperative banks and 94,384 rural cooperative banks as of September 2019. During FY07-19, deposits grew at a CAGR of 11.11 per cent and reached US$ 1.86 trillion by FY19. Similarly, in 2019, the US banking industry has shown modest improvement in most areas and remains strong. ROC stood at 18 percent, supported by a strong return of assets (ROA) of 1.5 percent. Total assets were US$16.5 trillion, increases\u00a0 by 3 percent from the previous year (2018). Moreover, adoption of advanced technologies such as machine learning and artificial intelligence in Robotics process automation in finance is expected to accelerate the growth of market over the forecast years. However, lack of awareness and security concerns related with robotics automation in finance market is hampering the growth of market over the forthcoming period.<\/p>\n

The regional analysis of global Robotics Process Automation in Finance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading\/significant region across the world in terms of market share owing to the rapid growth in BFSI sector in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate \/ CAGR over the forecast period 2020-2026. Factors such as adoption of advanced technologies and threat of increasing repetitive and time-consuming manual tasks in the financial sector would create lucrative growth prospects for the Robotics Process Automation in Finance market across Asia-Pacific region.<\/p>\n

Major market player included in this report are:<\/strong><\/p>\n

UiPath<\/strong><\/p>\n

Automation Anywhere Inc. <\/strong><\/p>\n

NICE Ltd<\/strong><\/p>\n

Blue Prism<\/strong><\/p>\n

Pegasystems<\/strong><\/p>\n

Kofax<\/strong><\/p>\n

NTT Advanced Technology Corporation<\/strong><\/p>\n

Genpact Ltd<\/strong><\/p>\n

EdgeVerve<\/strong><\/p>\n

\u00a0IPsoft Inc.<\/strong><\/p>\n

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:<\/p>\n

By Type:<\/strong><\/p>\n

Software<\/strong><\/p>\n

Service<\/strong><\/p>\n

By Service Insight:<\/strong><\/p>\n

Consulting<\/strong><\/p>\n

Implementation<\/strong><\/p>\n

Training<\/strong><\/p>\n

By Organization Insight:<\/strong><\/p>\n

SMEs<\/strong><\/p>\n

Large Enterprise<\/strong><\/p>\n

By Deployment Insight:<\/strong><\/p>\n

Cloud<\/strong><\/p>\n

On-premise<\/strong><\/p>\n

By Application Insight:<\/strong><\/p>\n

BFSI<\/strong><\/p>\n

Manufacturing<\/strong><\/p>\n

Pharma and Healthcare<\/strong><\/p>\n

Retail<\/strong><\/p>\n

Telecom & IT<\/strong><\/p>\n

Others<\/strong><\/p>\n

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020\/ 2021<\/strong><\/p>\n\n\n\n\n\n
covid-19 scenario<\/strong><\/td>\nMarket Behavior\/ Level of Risk and Opportunity<\/strong><\/td>\nEnd Industry Behavior\/ Opportunity Assessment<\/strong><\/td>\nExpected Industry Recovery Timeline<\/strong><\/td>\nBusiness Impact Horizon<\/strong><\/td>\n<\/tr>\n
Opening of Economy by Q3 2020<\/strong><\/td>\nxx<\/td>\nxx<\/td>\nxx<\/td>\nxx<\/td>\n<\/tr>\n
Recovery \u2013 Opening of Economy extended till Q4 2020 \/ Q1 2021<\/strong><\/td>\nxx<\/td>\nxx<\/td>\nxx<\/td>\nxx<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong>Under COVID-19 Outbreak Impact Analysis:<\/strong>
\n<\/strong>We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
\nThe impact of COVID-19 on the future development of the industry is pointed out.<\/p>\n

Study Explore : <\/strong><\/p>\n