RPA market sees explosive growth as firms look to automate more tasks

VentureBeat September 8, 2022
David Weldon

One of the fastest growing segments of the software market is robotic process automation (RPA), and the sector shows no signs of slowing down. Organizations are increasingly attracted to RPA as a good source for automating routine human tasks that involve data.

Because of that, the RPA segment saw revenue growth of 31% in 2021, reaching a total value of $2.4 billion. Compare that to the overall worldwide software market, which saw 16% growth rate during the same time, explained Gartner vice president, analyst Saikat Ray.

Helping to drive RPA growth is the fact that is has become “industry agnostic, and truly horizontal across many verticals,” Ray told VentureBeat. “Although we have seen huge adoptions around finance, banking, insurance, contact...

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