Robotic process automation in BFSI market is anticipated to grow at a CAGR of 31.5% during the forecast period (2023-2030). Robotic process automation in BFSI can help to achieve organizations operational efficiency such as reduced manual errors, faster processing times, improved compliance, and enhanced customer experience. The growing adoption of advanced technology such as Artificial intelligence (AI)-powered technology and automation tools is the key factor supporting the growth of the market globally. this factor empowers banks to prevent fraud, reduce risk, enhance customer satisfaction, and cut costs. For Instance, In February 2023, Kofax Limited declared the contemporary automation software a policy for Intelligent Automation. The new elements included Total Agility 7.11 and enhanced Intelligent Document Processing, contemporary low code design features, and enhanced DevSecOps capabilities.
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According to Auxiliobits Inc., RPA in BFSI continues to grow as organizations recognize its potential for cost savings, process optimization, and competitive advantage. BFSI organizations deal with large volumes of data, including customer information, transactions, and financial records and here RPA can automate tasks by extracting data from various sources, validating it against predefined rules, and populating it into target systems. For Instance, AutomationEdge RPA solution made the process a lot simpler and helped the banking staff bring down the time spent on a loan application from 40 minutes to 20 minutes.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Robotic Process Automation in BFSI Market by Type
- Software
- Services
Global Robotic Process Automation in BFSI Market by Organization
- Small and Mid-Size Enterprises (SMEs)
- Large Enterprises
Global Robotic Process Automation in BFSI Market by Component
- Consulting
- Platform
- Training
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AntWorks
- BlackLine Inc.
- Blue Prism Ltd
- Celonis
- Datamatics Global Services Ltd.
- EdgeVerve Systems Ltd
- Ephesoft Inc.
- IBM Corp.
- Kofax Inc
- Microsoft Corporation
- NICE Ltd.
- Nintex UK Ltd
- Oracle Corp.
- Pegasystems Inc.
- Red Hat, Inc.
- Redwood Software Inc.
- Salesforce, Inc
- SAP SE
- Turbotic AB
- UiPath
- Uniphore
- WorkFusion, Inc.
- Xerox Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotic process automation in BFSI market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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