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Global robotic process automation market projected to reach US$142.3B by 2034; market growing at 26.40% CAGR as businesses adopt AI-powered automation solutions

Mar 21, 2025 Press Release 2 min read

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March 21, 2025 (press release) –

The Robotic Process Automation (RPA) market has been experiencing rapid expansion, transforming industries by automating repetitive tasks and increasing efficiency. With businesses striving for operational excellence, RPA has emerged as a key technology driving digital transformation.


According to a research report published by Prophecy Market Insights, the global robotic process automation (RPA) market size is projected to reach USD 142.3 Billion by 2034, growing at a CAGR of 26.40% during the forecast period.

Key Applications of RPA

1. Finance and Accounting: RPA streamlines invoicing, accounts payable, financial reconciliation, and compliance reporting, reducing errors and improving efficiency.

2. Customer Service: Chatbots and virtual assistants powered by RPA handle routine queries, ticketing, and data retrieval, enhancing customer experiences and reducing wait times.

Types of RPA

1. Attended RPA: Works alongside human employees, automating specific tasks within their workflows, such as call center support.

2. Unattended RPA: Operates independently, running scheduled or triggered automation processes without human intervention, ideal for backend operations.

Recent Market Developments

1. AI-Powered RPA Integration: Leading RPA vendors are integrating artificial intelligence (AI) and machine learning (ML) to enable intelligent automation, allowing bots to learn from data and make decisions.

2. Cloud-Based RPA Solutions: Companies are increasingly adopting cloud-based RPA solutions, enhancing scalability, reducing infrastructure costs, and enabling remote automation management.

Industry Opportunities

1. SME Adoption of RPA: Small and mid-sized enterprises (SMEs) are recognizing the cost-saving potential of RPA, creating a new market segment with high growth potential.

2. RPA in Healthcare: Automating patient record management, claims processing, and appointment scheduling presents a significant opportunity for improving efficiency and patient care.

Final Thoughts

As RPA continues to evolve, its integration with AI, cloud computing, and industry-specific solutions will further drive its adoption. Organizations that embrace RPA now will gain a competitive edge in the era of digital transformation.

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