RPA Expends to Surge Up to $2 Billion in Next 4 Years

Stamford based global research and advisory firm Gartner has put forward the estimates of the worldwide spending on RPA (Robotic Process Automation) software. According to Gartner's report, the global expend on RPA will boost up to $2.4 billion in 2022 from $680 million previous years. The major factor for this upsurge is the basic necessity of the enterprises to instantly digitize and automate their legacy work through RPA. Saikat Ray, senior research director at Gartner said, "Organizations are adopting RPA when they have a lot of manual data integration tasks between applications and are looking for cost-effective integration methods."

The report also foresees the deployment of RPA by 85 percent of the big organizations by the end of 2022. Ray further added that a total of 80 percent of the organizations who have successfully crossed the process the completed proofs of concepts and pilot previous year, will now target to scale up the RPA implementation and enforcement along with spending the current year.

The situation well portrays the viability of the technology and how readily they are making their impact over the business world. Since the technology is new and not much of the used cases are on the run, RPA execution leaders who are beginners of the game should begin with simple RPA use case and work with internal stakeholders to recognize more and more applicable procedures.

Few More Highlights from Gartner Report

•  The report depicts that more organizations are likely to discover further benefits of RPA including benefits offered by RPA beyond cost optimization. However, the discovery can be slow paced but it will nurture positive future outcomes.

•  Moreover, RPA when combined with AI, is able to support productivity and enhance client satisfaction. The combination may include the amalgamation of RPA with machine learning, chatbots, and NLP based applications.