The Best Time to be in the RPA Industry
It’s an interesting fact that the business realm has undergone more digital transformation than the entire yester-decade. The evolution of Robotic Process Automation solutions has been one of the major driving factors of digital transformation. It also amazes the pace at which RPA solutions have matured to extend their capability to support almost every business function at scale, ranging
from back-end departments like accounting, HR, procurement, and manufacturing to front-office functions like salesforce & marketing automation.
We are not just talking about the enterprises. Even the MSMEs and startups find it easier to bank on RPA due to the data-driven approach, precision, standardization, and lack of human errors it offers, not to mention the dire competition prevailing in the segment. The traits like scalability and affordability help them cut costs by eliminating dispensable human intervention, automating mundane tasks, and providing employees actionable information that will help them make better decisions faster than ever.
The future looks bright as a day. With cloud being the new normal, digital transformation being inevitable for businesses across the spectrum, and the 5G network expected to bring the network latency down, it’s the best time to be in the RPA industry, especially since the market is global. According to Statista, the RPA market is expected to grow with a CAGR of 27.7 percent to be valued at $23.9 billion by 2030. This can be interpreted as enormous opportunities for autonomous and solution partners of any size. The key to success in both cases revolves around meticulously understanding the local businesses and finding the right formula to build RPA solutions that solve customer challenges and enhance their business outcomes.