Gartner Forecast
According to a recent forecast by research and advisory firm Gartner, global Robotic Process Automation (RPA) software revenue is expected to reach $2.9 billion in 2022. This represents a 19.5 percent increase over 2021, and although growing at a slower rate than in previous years, the global RPA software market is still forecast to grow at a double-digit rate of 17.5 percent year-over-year through 2023. Competing RPA vendors and many software vendors are also moving beyond a traditional single technology-focused offering.
They are developing a more advanced suite of tools that includes low-code application platforms, process mining, task mining, decision modeling, iPaaS, computer vision and IDP capabilities in addition to their existing RPA offering. This enables them to offer an all-encompassing technology platform for hyperautomation.
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