.png){kind=logo}
Many industry experts are turning to emerging technology practices known as RPA or Robotic Process Automation for efficient working of business operations while reducing costs. Due to its up surging fame, recent study predicted that RPA market in India is expected to grow at a CAGR of over 20 percent during the forecast period of 2019-2025. The market is driven by accelerating demand to automate business processes leading to increased focus of vendors on developing world class intelligent automation bots using RPA and AI collaboratively. These RPA enablers reduce human workforce requirement to perform repetitive and mundane tasks and manage a large client base and continuous support from the intelligent bots.
However, the report suggests that Indian RPA market is lagging behind the North American and European region and the vendors are working hard to penetrate Indian market and avail the perks of being an early entrant. Shortly, India will be considered as favorite spot to flourish RPA market while offering customized services to clients in local market.
It has been analysed that significant financial service organisations are going to invest in RPA to enhance their profits. The key players are adopting various strategies and strategic partnerships to stay relevant and strong in the market.
Below is the list of top 5 players in RPA in India.
Headquarters: New York City, NY, United States
About: The 2005-founded company, UiPath is the fastest growing enterprise software company in history. The employee base grew to over 2,500 people today, across 53 offices in 20 countries. Forrester Wave™ recognized UiPath as the RPA Leader with the Strongest Current Capabilities.
The company has been titled as a leader in "The Forrester Wave™: Robotic Process Automation, Q2 2018" report, which gave it the highest score among all vendors in the current offering category. According to the company – "A transformation this disruptive comes with great responsibility towards future generations."
The company takes bold risks, always striving for humility so that it remains open to even greater possibilities. UiPath erases boundaries between itself and its customers through continuously shared learning and growth. The company accelerates its efforts so that it can innovate and evolve with speed.
Headquarters: Warrington, United Kingdom
About: Blue Prism recognized as a "market leader" in the 2018-19 Ovum Decision Matrix (ODM) on RPA platforms for rapid customer adoption, strong technical capabilities for enterprise users, and comprehensive product roadmap.
The company believes in the transformative power of automation. As the pioneers of Robotic Process Automation, it gives connected-RPA intelligent software that has the ability to automate and perform repetitive tasks, allowing the people the freedom to focus on more creative, meaningful work.
The company gives digital-savvy employees—the makers—the power to create and innovate through business-led automation in an IT-endorsed and controlled environment. Blue Prism's unique approach allows makers to automate small and large processes returning hundreds of millions of hours of work back into the business through intelligent automation.
Headquarters: San Jose, California, United States
About: Automation Anywhere empowers people whose ideas, thought and focus make the companies they work for great. It delivers the world's most sophisticated Digital Workforce Platform making work more human by automating business processes and liberating people.
The company's mission is to enable companies to operate with unprecedented productivity and efficiency by automating any part of the enterprise that can be automated with the most intelligent and intuitive robotic process automation platform – "The Intelligent Digital Workforce".
Automation Anywhere follows the vision – taking the robot out of the human, to liberate employees from mundane, repetitive tasks, allowing them more time to use their intellect and creativity to solve higher order business challenges. The company sees a world where every employee will work side by side with digital workers, making them exponentially more productive and far more fulfilled.
Headquarters: Irvine, California, United States
About: Kofax software enables organizations to work like tomorrow – today. Its Intelligent Automation software platform helps organizations transform information-intensive business processes, reduce manual work and errors, minimize costs, and improve customer engagement. The company combine RPA, cognitive capture, process orchestration, mobility and engagement, and analytics to ease implementations and deliver dramatic results that mitigate compliance risk and increase competitiveness, growth and profitability.
Its five capabilities pillar includes:
• Advanced Analytics- that increases visibility, gain deep operational insights, reduce risk/non-compliance, and eliminate operational inefficiencies.
• Process Orchestration – to improve high-value customer journeys, streamline operations and exploit new business opportunities.
• RPA – Employ software robots to automate repetitive tasks and manual processes, enhancing the work of human talent by enabling them to focus on innovative, customer-focused initiatives.
• Cognitive Capture – to modernize slow, manual, error-prone or expensive processes related to processing documents and electronic data.
• Mobility and Engagement – Communicate and transact with customers via mobile; efficiently, effectively and securely.
Headquarters: New York, United States
About: WorkFusion creates technology that makes economies work. The rapid rise of AI and RPA, along with the changing roles of people in the workforce, have created both complexity and opportunity for individuals, businesses and entire countries. WorkFusion's purpose is to reduce this complexity and help its customers exploit the opportunity through products that pair people with intelligent software robots.
WorkFusion's high-speed 1–6–12 go-live program lets companies deploy intelligent automation rapidly: a 1-day feasibility assessment, 6 weeks of training, and the solution in production within 12 weeks or less. It's a major leap in the speed at which Intelligent RPA can be implemented.
WorkFusion's intelligent RPA boosts the business with 70 percent increase in productivity, 90 percent reduction in manual efforts, delivering 80 percent cost savings while speeding up the processing by 4 times.
WorkFusion has been named as a Leader in Everest Group's Intelligent Document Processing PEAK Matrix™ 2019.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
