Pune, Sept. 12, 2024 (GLOBE NEWSWIRE) — Robotic Process Automation Market Size Analysis: “ The report of SNS Insider states that the Robotic Process Automation Market size was valued at USD 2.8 Billion in 2023 and is expected to reach USD 38.4 Billion by 2032, growing at a CAGR of 33.8% over the forecast period 2024-2032. ” Increasing Need for Efficient Business Processes Boosts Market Expansion While government-led digital transformation initiatives have fuelled the adoption of Robotic Process Automation (RPA) in various verticals. More than half of public sector organizations across developed economies such as the U.S., Germany, and beyond are using RPA solutions to automate their repetitive manual tasks, without human intervention. For example, the American federal government spent more than $1 billion in its FY 2024 budget on a range of digital transformation initiatives, including deploying RPA solutions for healthcare defence and finance departments. This push toward digitization has not only improved efficiency but also resulted in better public service delivery, further encouraging private enterprises to follow suit. As governments worldwide increase funding for technological upgrades, including artificial intelligence and RPA, enterprises across sectors are experiencing improved data management, enhanced accuracy in financial reporting, and reduced human […]
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