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North America Expected To Dominate The Robotic Process Automation Market Between 2018 And 2022

The robotic process automation market is estimated to reach USD 2,467.0 Million by 2022, at a CAGR of 30.14% between 2017 and 2022.
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The growth of this market is mainly driven by the ease in business processes offered by robotic process automation and convergence of robotic process automation with traditional business process industries.

Opportunities
Integration of New Technologies With Robotic Process Automation
High Demand for Robotic Process Automation in the Logistics Industry
Expected Adoption of Robotics Process Automation in the Bpo Sector

The robotic process automation market for North America held the largest share among all the regions under study in 2016. Also, it is expected to dominate the market between 2017 and 2022. In the U.S., BFSI has been leveraging robotics process automation to improve business processes since 2010. Due to the high degree of flexibility and scalability of the solution, as well as greater data processing and workflow management capabilities, there is widespread deployment of robotic process automation in the BFSI space.

The growth of robotic process automation in Canada is driven by the ramp-up of the banking and financial industry. Human resource outsourcing, business process outsourcing, and contact center outsourcing have seen tremendous growth in Canada in recent times. The growth of the robotic process automation market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes backed by software bots.