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Robotic Process Automation in BFSI Market Explore Growth of $3,457.8 Million By 2026 | Polaris Market Research

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Robotic Process Automation in BFSI Market Explore Growth of $3,457.8 Million By 2026 | Polaris Market Research

October 21
18:01 2019
Robotic Process Automation in BFSI Market Explore Growth of $3,457.8 Million By 2026 | Polaris Market Research

Polaris Market Research
The Global Robotic Process Automation in BFSI Market size was valued at USD 279.4 million in 2018 and is anticipated to grow at a CAGR of 34.5% from 2019 – 2026 according to a report published by Polaris Market Research

The global Robotic Process Automation in BFSI market size is expected to reach USD 3,457.8 million by 2026 according to a new study by Polaris Market Research. The report “Robotic Process Automation in BFSI Market Share, Size, Trends, Industry Analysis Report By Type (Software and Services); By Services (Consulting, Implementation, Training); By Organization Size (SME, Large Enterprises); By Application (Banking, Financial Services & Insurance); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Request A Sample Report At: https://www.polarismarketresearch.com/industry-analysis/robotic-process-automation-bfsi-market/request-for-sample

Inherent benefits offered by robotic process automation (RPA) such as process transparency, enhanced customer service, on-boarding optimization of processes, highest degree of data integrity, shorter lifecycles, and ability to effectively comply with regulations of various enforcement agencies combined with the data driven nature of the overall banking and financial sector are some of the factors proving beneficial for the overall RPA in BFSI market growth. In addition, ability of RPA to help clients to capitalize and gain from growth opportunities thus providing a competitive edge is another factor responsible for the overall market growth.

Some of the major industry participants include : WorkFusion, Inc., UiPath, Thoughtonomy, Softomotive, Kryon Systems, Pegasystems Inc., NICE, Blue Prism, Kofax Inc. and Automation Anywhere Inc., among others.

Banking sector is characterized by the presence of a large number of players thus resulting in a high industrial rivalry. Due to such competitive environment, companies are trying to implement cost effective solutions that may help them to stay ahead of the competition. RPA is one such preferred solution. It automates the otherwise tedious manual operations thus saving precious man hours, results in client satisfaction thus ultimately catering to client loyalty, and provides better quality control through its operating procedures. Such factors have resulted in the overall Robotic Process Automation in BFSI growth in the past and this scenario is expected to continue till 2026.

Robotic Process Automation is used in a variety of applications such as entry of a new account across various platforms and networks, duplicating of accounts and account reconciliation, extraction of forms, VAT reporting, cleansing and updating of account, credit card processing, loan processing among others. These processes are directly related to customer experience and hence, companies are automating these processes through RPA to provide better and enhanced customer experience in order to gain more market share. Such trends are benefitting the Robotic Process Automation in BFSI market growth.

Browse More Insight Of Robotic Process Automation in BFSI Market Research Report Enabled with Respective Tables and Figures at: https://www.polarismarketresearch.com/industry-analysis/robotic-process-automation-bfsi-market

North American region is expected to maintain its dominance over the market for the next eight years. High demand particularly from the U.S. market is a key contributor to this scenario. Presence of highly sophisticated and advanced banking and financial infrastructure in the country, strong presence of industry participants, coupled with high demand for enhanced customer experience are some of the factors driving the market growth in the region. Countries such as China, Japan and South Korea are primarily driving the growth in Asia Pacific region, which is anticipated to witness high growth rate till 2026.

Polaris Market research has segmented the RPA in BFSI market report on the basis of type, service, organization, application, and region

RPA in BFSI Type Outlook (Revenue, USD Million, 2015 – 2026)

Software
Service

RPA in BFSI Service Outlook (Revenue, USD Million, 2015 – 2026)

Consulting
Training
Implementation

RPA in BFSI Organization Size Outlook (Revenue, USD Million, 2015 – 2026)

SME
Large Scale

RPA in BFSI Application Outlook (Revenue, USD Million, 2015 – 2026)

Banking
Financial services & institution

RPA in BFSI Regional Outlook (Revenue, USD Million, 2015 – 2026)

North America (U.S., Canada)
Europe (France, Germany, UK)
Asia Pacific (Japan, South Korea, China, India)
Latin America (Brazil, Mexico)
Middle East & Africa

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At: https://www.polarismarketresearch.com/industry-analysis/robotic-process-automation-bfsi-market/speak-to-analyst

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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