South & Central America Robotic Process Automation Market Forecast to 2030
South & Central America Robotic Process Automation Market Forecast to 2030 – Regional Analysis – by Component [Solution and Service (Consulting, Integration & Development, Support & Maintenance, and Training)], Deployment (On-Premise and Cloud), Organization Size (Large Enterprises and SMEs), and End-User Industry (BFSI, e-Commerce & Retail, Healthcare, IT & Telecom, Manufacturing, and Others)
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Description
Rising Demand for Cognitive Robotic Process Automation Fuels South & Central America Robotic Process Automation Market
The growth of novel technologies such as machine learning, cognitive computing, and artificial intelligence is expected to promote the evolution of robotic process automation tools faster. The application of intelligent technologies is predicted to create arrangements that would lead to the development of an improved framework, which would incorporate everything, from staffing and general expenses to execution and productivity.
Various end users are implementing RPAs featuring machine learning and artificial intelligence capabilities, leading to a new trend of data analysis and understanding. Furthermore, the significant advancements in the robotic process automation technology owing to the combined impact of AI and ML are expected to ensure increased ROI and productivity. Because of this, market players are working on advancing technological features.
Furthermore, the evolution of cognitive robotic process automation would not only expand the market scope but also raise the demand for new expertise. This would further pave the way for robotic process automation service providers, particularly for consulting and training services. Moreover, industries such as financial services and manufacturing are expected to benefit most from the cognitive RPA. Thus, the rising demand for cognitive robotic process automation is expected to create a growth opportunity for the South & Central America robotic process automation market.
South & Central America Robotic Process Automation Market Overview
South & Central America has emerged as a prominent and influential region in the robotic process automation market, experiencing substantial growth and widespread adoption of robotic process automation solutions. The region’s robust technological infrastructure, advanced IT capabilities, and strong commitment to automation and digital transformation have played a pivotal role in establishing its dominance in the robotic process automation market.
Robotic process automation has gained traction in South America in recent years. Industries such as banking, finance, manufacturing, and healthcare are actively adopting robotic process automation solutions to improve efficiency and productivity. The demand for robotic process automation technologies, such as artificial intelligence (AI) and machine learning (ML), is also increasing, facilitating intelligent automation and handling more complex tasks. Both global and regional robotic process automation vendors have established a strong presence in South America to meet the growing demand for robotic process automation solutions. Integrating robotic process automation with other emerging technologies is expected to enhance its capabilities further and create new prospects for businesses in the region.
South & Central America Robotic Process Automation Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Robotic Process Automation Market Segmentation
The South & Central America robotic process automation market is segmented based on component, deployment, organization size, end-user industry, and country.
Based on component, the South & Central America robotic process automation market is bifurcated into solution and service. The service segment held a larger share in 2022. The service segment is sub-categorized into consulting, integration & development, support & maintenance, and training.
In terms of deployment, the South & Central America robotic process automation market is bifurcated into on-premise and cloud. The on-premise segment held a larger share in 2022.
Based on organization size, the South & Central America robotic process automation market is bifurcated into SMEs and large enterprises. The large enterprises segment held a larger share in 2022.
By end-user industry, the South & Central America robotic process automation market is segmented into BFSI, e-commerce & retail, healthcare, IT & Telecom, manufacturing, and others. The BFSI segment held the largest share in 2022.
Based on country, the South & Central America robotic process automation market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America robotic process automation market in 2022.
Appian Corp, International Business Machines Corp, Microsoft Corp, NICE Ltd, Salesforce Inc, SAP SE, and UiPath Inc are some of the leading companies operating in the South & Central America robotic process automation market.
Summary Info
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According to the Research Team’ research, the South & Central America robotic process automation market was valued at US$ 153.09 million in 2022 and is expected to reach US$ 282.90 million by 2030, registering a CAGR of 8.0% from 2022 to 2030. Growing technological advancements and increasing adoption of robotic process automation in retail sector are among the critical factors attributed to the South & Central America robotic process automation market expansion.
In the coming years, the market is anticipated to enter a new category of software vendors who will be developing advanced analytics and data mining capabilities. This would further extend the scope of automation across more multifaceted processes and allow the automation of processes with variable degrees of unstructured data/content. This unstructured data/content would include freeform emails. The net impact of burgeoning autonomics in industries will result in lower labor arbitrage benefits from offshoring of processes, which would further result in increased consideration toward in-sourcing strategy.
In addition, the South & Central America robotic process automation market will be experiencing a shift toward smart process automation as enterprises continue to experience an optimal return on investments with the implementation of robotic process automation coupled with persisting digital transformation platforms. This, in turn, would transform the business processes to be smarter in terms of developing more insightful data and decision-making, subsequently enabling the enterprises to take more noteworthy strides in the automation of business-oriented processes.
On the contrary, frequent alterations in operating procedures and business rules impacting robotic process automation efficiency hampers the growth of South & Central America robotic process automation market.
Based on component, the South & Central America robotic process automation market is bifurcated into solution and service. The service segment held 67.6% share of the South & Central America robotic process automation market in 2022, amassing US$ 103.43 million. It is projected to garner US$ 185.00 million by 2030 to expand at 7.5% CAGR during 2022–2030. The service segment is sub-categorized into consulting, integration & development, support & maintenance, and training.
In terms of deployment, the South & Central America robotic process automation market is bifurcated into on-premise and cloud. The on-premise segment held 62.1% share of the South & Central America robotic process automation market in 2022, amassing US$ 95.10 million. It is estimated to garner US$ 170.50 million by 2030 to expand at 7.6% CAGR during 2022–2030.
Based on organization size, the South & Central America robotic process automation market is bifurcated into SMEs and large enterprises. The large enterprises segment held 72.1% share of South & Central America robotic process automation market in 2022, amassing US$ 110.44 million. It is predicted to garner US$ 201.20 million by 2030 to expand at 7.8% CAGR during 2022–2030.
By end-user industry, the South & Central America robotic process automation market is segmented into BFSI, e-commerce & retail, healthcare, IT & Telecom, manufacturing, and others. The BFSI segment held 35.9% share of South & Central America robotic process automation market in 2022, amassing US$ 55.00 million. It is predicted to garner US$ 95.92 million by 2030 to expand at 7.2% CAGR during 2022–2030.
Based on country, the South & Central America robotic process automation market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 48.8% share of South & Central America robotic process automation market in 2022, amassing US$ 74.68 million. It is projected to garner US$ 143.43 million by 2030 to expand at 8.5% CAGR during 2022–2030.
Key players operating in the South & Central America robotic process automation market are Appian Corp, International Business Machines Corp, Microsoft Corp, NICE Ltd, Salesforce Inc, SAP SE, and UiPath Inc, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America robotic process automation market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Robotic Process Automation Market Landscape
4.1 Overview
4.2 Value Chain Analysis
4.3 Ecosystem Analysis
5. South & Central America Robotic Process Automation Market – Key Market Dynamics
5.1 South & Central America Robotic Process Automation Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increased Demand for Robotic Process Automation in BPO
5.2.2 Cost Benefits Offered by Robotic Process Automation
5.2.3 Rise in Use of Robotic Process Automation in BFSI Sector
5.3 Market Restraints
5.3.1 Frequent Alterations in Operating Procedures and Business Rules Impacting Robotic Process Automation Efficiency
5.3.2 Lack of Prospects in Small and Medium Businesses (SMBs)
5.4 Market Opportunities
5.4.1 Rising Demand for Cognitive Robotic Process Automation
5.4.2 Increasing Adoption of Robotic Process Automation in Retail Sector
5.5 Future Trends
5.5.1 Growing Technological Advancements
5.6 Impact of Drivers and Restraints:
6. Robotic Process Automation Market – South & Central America Market Analysis
6.1 South & Central America Robotic Process Automation Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Robotic Process Automation Market Forecast and Analysis
7. South & Central America Robotic Process Automation Market Analysis – Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Service
7.2.1 Overview
7.2.2 Service Market, Revenue and Forecast to 2030 (US$ Million)
7.2.3 South & Central America Robotic Process Automation Market, By Service
7.2.4 Consulting
7.2.4.1 Overview
7.2.4.2 Consulting Market, Revenue and Forecast to 2030 (US$ Million)
7.2.5 Integration & Development
7.2.5.1 Overview
7.2.5.2 Integration & Development Market, Revenue and Forecast to 2030 (US$ Million)
7.2.6 Support & Maintenance
7.2.6.1 Overview
7.2.6.2 Support & Maintenance Market, Revenue and Forecast to 2030 (US$ Million)
7.2.7 Training
7.2.7.1 Overview
7.2.7.2 Training Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Robotic Process Automation Market Analysis – Deployment
8.1 On-Premise
8.1.1 Overview
8.1.2 On-Premise Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud Market, Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Robotic Process Automation Market Analysis – Organization Size
9.1 Large Enterprises
9.1.1 Overview
9.1.2 Large Enterprises Market, Revenue and Forecast to 2030 (US$ Million)
9.2 SMEs
9.2.1 Overview
9.2.2 SMEs Market, Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Robotic Process Automation Market Analysis – End-User Industry
10.1 BFSI
10.1.1 Overview
10.1.2 BFSI Market, Revenue and Forecast to 2030 (US$ Million)
10.2 e-Commerce & Retail
10.2.1 Overview
10.2.2 e-Commerce & Retail Market, Revenue and Forecast to 2030 (US$ Million)
10.3 Healthcare
10.3.1 Overview
10.3.2 Healthcare Market, Revenue and Forecast to 2030 (US$ Million)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom Market, Revenue and Forecast to 2030 (US$ Million)
10.5 Manufacturing
10.5.1 Overview
10.5.2 Manufacturing Market, Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Robotic Process Automation Market – Analysis
11.1 South & Central America
11.1.1 South & Central America Robotic Process Automation Market Overview
11.1.2 South & Central America Robotic Process Automation Market Revenue and Forecasts and Analysis – By Country
11.1.2.1 South & Central America Robotic Process Automation Market Revenue and Forecasts and Analysis – By Country
11.1.2.2 Brazil Robotic Process Automation Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Brazil Robotic Process Automation Market Breakdown, by Component
11.1.2.2.1.1 Brazil Robotic Process Automation Market Breakdown, by Service
11.1.2.2.2 Brazil Robotic Process Automation Market Breakdown, by Deployment
11.1.2.2.3 Brazil Robotic Process Automation Market Breakdown, by Organization Size
11.1.2.2.4 Brazil Robotic Process Automation Market Breakdown, by End-User Industry
11.1.2.3 Argentina Robotic Process Automation Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Argentina Robotic Process Automation Market Breakdown, by Component
11.1.2.3.1.1 Argentina Robotic Process Automation Market Breakdown, by Service
11.1.2.3.2 Argentina Robotic Process Automation Market Breakdown, by Deployment
11.1.2.3.3 Argentina Robotic Process Automation Market Breakdown, by Organization Size
11.1.2.3.4 Argentina Robotic Process Automation Market Breakdown, by End-User Industry
11.1.2.4 Rest of South & Central America Robotic Process Automation Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 Rest of South & Central America Robotic Process Automation Market Breakdown, by Component
11.1.2.4.1.1 Rest of South & Central America Robotic Process Automation Market Breakdown, by Service
11.1.2.4.2 Rest of South & Central America Robotic Process Automation Market Breakdown, by Deployment
11.1.2.4.3 Rest of South & Central America Robotic Process Automation Market Breakdown, by Organization Size
11.1.2.4.4 Rest of South & Central America Robotic Process Automation Market Breakdown, by End-User Industry
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product News & Company News
12.4 Collaboration and Mergers & Acquisitions
13. Company Profiles
13.1 Appian Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 International Business Machines Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Microsoft Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 NICE Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Salesforce Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SAP SE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 UiPath Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 Word Index
LIST OF TABLES
Table 1.            South & Central America Robotic Process Automation Market Segmentation
Table 2.            South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Million)
Table 3.            South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4.            South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Million) – Service
Table 5.            South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Million) – Deployment
Table 6.            South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Million) – Organization Size
Table 7.            South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Million) – End-User Industry
Table 8.            South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 9.            Brazil Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 10.         Brazil Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Service
Table 11.         Brazil Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 12.         Brazil Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 13.         Brazil Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By End-User Industry
Table 14.         Argentina Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 15.         Argentina Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Service
Table 16.         Argentina Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 17.         Argentina Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 18.         Argentina Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By End-User Industry
Table 19.         Rest of South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 20.         Rest of South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Service
Table 21.         Rest of South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 22.         Rest of South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 23.         Rest of South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn) – By End-User Industry
Table 24.         List of Abbreviation
LIST OF FIGURES
Figure 1.          South & Central America Robotic Process Automation Market Segmentation, By Country
Figure 2.          Value Chain: South & Central America Robotic Process Automation Market
Figure 3.          Ecosystem: South & Central America Robotic Process Automation Market
Figure 4.          Impact Analysis of Drivers and Restraints
Figure 5.          South & Central America Robotic Process Automation Market Revenue (US$ Million), 2022 – 2030
Figure 6.          South & Central America Robotic Process Automation Market Share (%) – Component, 2022 and 2030
Figure 7.          Solution Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8.          Service Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9.          South & Central America Robotic Process Automation Market Share (%) – Service, 2022 and 2030
Figure 10.       Consulting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11.       Integration & Development Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12.       Support & Maintenance Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13.       Training Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14.       South & Central America Robotic Process Automation Market Share (%) – Deployment, 2022 and 2030
Figure 15.       On-Premise Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16.       Cloud Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17.       South & Central America Robotic Process Automation Market Share (%) – Organization Size, 2022 and 2030
Figure 18.       Large Enterprises Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19.       SMEs Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20.       South & Central America Robotic Process Automation Market Share (%) – End-User Industry, 2022 and 2030
Figure 21.       BFSI Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22.       e-Commerce & Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23.       Healthcare Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24.       IT & Telecom Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25.       Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26.       Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27.       South & Central America Robotic Process Automation Market Breakdown, by Key Countries, 2022 (US$)
Figure 28.       Robotic Process Automation Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 29.       Brazil Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30.       Argentina Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 31.       Rest of South & Central America Robotic Process Automation Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – South & Central America Robotic Process Automation Market
o Appian Corp
o International Business Machines Corp
o Microsoft Corp
o NICE Ltd
o Salesforce Inc
o SAP SE
o UiPath Inc
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