The primary objective of RPA in the financial services sector is to assist organizations in accessing recurring financial services tasks. This technology helps banks and financial institutions to maximize their efficiency by reaching customers in real-time and taking advantage of incredible benefits of robots. RPA-based financial service bots are able to control devices completely including clicking & activating programs, sending an email, and copying data from one financial system to another.
This report fucus on robotic process automation (RPA) in financial services market.
This report contains market size and forecasts of Robotic Process Automation (RPA) in Financial Services in Global, including the following market information:
Global Robotic Process Automation (RPA) in Financial Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Robotic Process Automation (RPA) in Financial Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Loan Processing Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Robotic Process Automation (RPA) in Financial Services include Kofax Inc, UiPath, Inc, Blue Prism, Pegasystems Inc, Automation Anywhere, Inc, EdgeVerve Systems Limited, PINTEC, Softomotive Ltd and Redwood Software Ltd and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Robotic Process Automation (RPA) in Financial Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Robotic Process Automation (RPA) in Financial Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Robotic Process Automation (RPA) in Financial Services Market Segment Percentages, by Type, 2021 (%)
Loan Processing
Transaction Execution
Customer Relations
Count Processing
Account Processing
Global Robotic Process Automation (RPA) in Financial Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Robotic Process Automation (RPA) in Financial Services Market Segment Percentages, by Application, 2021 (%)
Banks
Non- banking Financial Institutes
Insurance Companies
Others
Global Robotic Process Automation (RPA) in Financial Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Robotic Process Automation (RPA) in Financial Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Robotic Process Automation (RPA) in Financial Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Robotic Process Automation (RPA) in Financial Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Kofax Inc
UiPath, Inc
Blue Prism
Pegasystems Inc
Automation Anywhere, Inc
EdgeVerve Systems Limited
PINTEC
Softomotive Ltd
Redwood Software Ltd
WorkFU.S.ion, Inc.