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Robotic Process Automation (RPA) Market to Grow by USD 37.6 Billion from 2024-2028, Cost Savings Driving Growth, with AI Impact on Market Trends – Technavio

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NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global robotic process automation (RPA) market size is estimated to grow by USD 37.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 48.07%  during the forecast period. Improved cost savings for businesses is driving market growth, with a trend towards emerging trends in business process transformation. However, subscription cost of rpa software  poses a challenge.Key market players include Accenture Plc, Advanced Systems Concepts Inc., Amelia US LLC, Atos SE, Automation Anywhere Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Genpact Ltd., Infosys Ltd., International Business Machines Corp., Kofax Inc., Microsoft Corp., NICE Ltd., Nintex Ltd., Nippon Telegraph and Telephone Corp., OnviSource Inc., Pegasystems Inc., SS and C Technologies Holdings Inc., UiPath Inc., and WorkFusion Inc..

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Robotic Process Automation (Rpa) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 48.07%

Market growth 2024-2028

USD 37603.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

37.47

Regional analysis

North America, Europe, APAC, South America,
and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, UK, China, Germany, and Japan

Key companies profiled

Accenture Plc, Advanced Systems Concepts
Inc., Amelia US LLC, Atos SE, Automation
Anywhere Inc., Cognizant Technology Solutions
Corp., Deloitte Touche Tohmatsu Ltd., Genpact
Ltd., Infosys Ltd., International Business
Machines Corp., Kofax Inc., Microsoft Corp.,
NICE Ltd., Nintex Global Ltd., Nippon Telegraph
and Telephone Corp., OnviSource Inc.,
Pegasystems Inc., SS and C Technologies
Holdings Inc., UiPath Inc., and WorkFusion Inc.

Market Driver

In today’s digital transformation era, Robotic Process Automation (RPA) is a trending business solution that utilizes software robots to automate repetitive tasks. IQ bots and intelligent bots are the latest RPA innovations, offering bot insights for improved digital workplace efficiency. Robotic operating models, such as Blue Prism Cloud, enable machine learning and cognitive technologies for rule-based and knowledge-based automation. Industries like healthcare providers, contact centers, vaccine manufacturers, and the pharmaceutical sector are adopting RPA for pharmacovigilance, data manipulation, and administration and reporting. The services segment, including RPA Labs and RPA Engage, provides dependable infrastructure and skilled staff for RPA solutions. RPA is transforming IT and telecom, healthcare, hospitality, and various end-user industries. Cognitive robotic process automation, artificial intelligence, and cloud computing are driving automation lifecycle management, workload management, and SLA-based automation. SMEs and SMBs are also embracing cloud-based solutions like PaaS services for customer relationship management, data security, and regulatory compliance. The automotive OEMs, insurance industry, and government organizations are also using RPA for data APIs, network connectivity, and communication. RPA adoption offers significant Return on Investment (ROI) through increased productivity, improved accuracy, and reduced operational costs. In the current business environment, RPA is essential for managing temporary, seasonal workers and handling regulatory spikes in various industries. RPA is revolutionizing industries like finance, accounting and finance, and ERP management, while consumer behavior analysis is transforming the retail sector. Emerging industries like ecommerce and the Census Bureau are also benefiting from RPA solutions. Pioneering companies like Zebra Technologies and Vistage are leading the way in RPA innovation, with conversational RPA chatbots and automation for social distancing norms. Regulated authorities and private companies are using RPA for data security and compliance. RPA is transforming the business landscape, with automotive OEMs, Association for Advancing Automation, and other industry leaders driving the trend. The future of RPA is bright, with continued innovation and growth in this exciting field. 

Businesses today prioritize client-centric processes over mere productivity and profit generation. To minimize human errors, which often stem from judgment-based decisions, industries are turning to Robotic Process Automation (RPA) solutions. RPA enhances business operations by increasing their depth and quality. It streamlines interconnected processes within and outside organizations, reducing the likelihood of errors. This focus on quality is a significant trend in modern business practices. By automating repetitive tasks, RPA allows employees to focus on more complex and creative tasks, ultimately improving overall business efficiency. 

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 Market Challenges

In today’s digital transformation era, Robotic Process Automation (RPA) is revolutionizing business operations by automating repetitive tasks. However, implementing RPA comes with challenges. IQ bots require bot insights for optimal performance, and digital workplaces need robotic operating models for seamless integration. Cloud solutions like Blue Prism Cloud and machine learning offer dependable infrastructure and skilled staff. Healthcare providers, contact centers, and vaccine manufacturers in the pharmaceutical sector are major adopters, automating tasks in pharmacovigilance and data manipulation. RPA solutions cater to various industries, including IT and telecom, healthcare, hospitality, and the cognitive robotic process automation market. Challenges include rule-based and knowledge-based automation, capture extraction, administration and reporting, customer support, and communication. Industries like finance, insurance, and the energy sector require SLAs and credential management. Cloud-based solutions offer workload management, automation lifecycle management, and data APIs for SMEs and SMBs. RPA adoption offers significant Return on Investment (ROI) through increased productivity. However, regulatory spikes and temporary or seasonal worker needs may require conversational RPA chatbots and network connectivity. RPA innovators and pioneers include Vistage, Citrix automation, and Zebra Technologies. Regulated authorities, government organizations, and private companies are embracing robot use in automotive OEMs, ecommerce industry, and even the Census Bureau. The RPA market continues to grow, with emerging industries like retail automation and warehouses adopting this technology.Businesses are adopting Robotic Process Automation (RPA) software to streamline operations, reduce manual errors, and optimize costs. The cost of implementing RPA involves a quote from third-party vendors, which includes software updates and maintenance. Pricing models vary based on employee hiring and revenue generation strategies. Regulatory terms and conditions between the end-user and software provider can impact the subscription cost or design and development expenses. It is essential to carefully consider these factors before entering into a contract.

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Segment Overview 

This robotic process automation (rpa) market report extensively covers market segmentation by  

Type 1.1 Services1.2 SoftwareEnd-user 2.1 BFSI2.2 IT/ITES2.3 Telecom2.4 Logistics2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Services-  The global Robotic Process Automation (RPA) market’s services segment includes consulting, implementing, and training offerings. Intense competition among RPA providers necessitates enhancing consulting, training, and advisory services. Scalable automation solutions that minimize costs have fueled RPA’s demand. RPA-as-a-Service enables businesses to identify automation opportunities, create business cases, and select vendors for pilot projects. For instance, NITCO Inc. Offers RPA-managed services, including IT workload support and maintenance. These factors are expected to drive the services segment’s growth in the global RPA market during the forecast period.

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Research Analysis

Robotic Process Automation (RPA) is a technology that allows businesses to automate repetitive and rule-based tasks using software robots or ‘IQ bots’. These bots mimic human actions in a digital workplace, executing tasks with high accuracy and efficiency. RPA is revolutionizing industries such as Healthcare, Hospitality, and the Pharmaceutical sector, where it’s being used to automate tasks in healthcare providers, contact centers, vaccine manufacturing, and pharmacovigilance. RPA is a key driver of digital transformation in the era of Artificial Intelligence and Machine Learning. It’s being adopted in various industries, including the Energy sector, Aerospace market, Insurance industry, and even Smartphone manufacturing, to enhance productivity and streamline operations. RPA solutions offer cloud models to cater to industry-specific needs, enabling data manipulation and ensuring data security. With the rise of intelligent bots, RPA is set to redefine business processes and create new opportunities.

Market Research Overview

In the digital transformation era, Robotic Process Automation (RPA) is revolutionizing business operations by automating repetitive tasks using software robots. IQ bots and intelligent bots are transforming the digital workplace, enabling organizations to adopt robotic operating models. RPA solutions are being implemented across various sectors, including healthcare providers, contact centers, vaccine manufacturers, and the pharmaceutical sector, for tasks like pharmacovigilance and data manipulation. Machine learning and cognitive technologies are being integrated to make RPA more efficient and intelligent. The services segment, including RPA Labs and RPA Engage, is providing dependable infrastructure and skilled staff to help businesses implement RPA. Rule-based and knowledge-based automation are being used for various processes, from Administration and reporting to Customer support in IT and telecom, Healthcare, Hospitality, and more. RPA adoption is driving productivity and Return on Investment in industries like the Energy sector, Aerospace market, Insurance industry, and Data security. Cloud models and cloud-based solutions are becoming increasingly popular for RPA, with PaaS services and SMEs, SMBs, and end-user industries benefiting from the flexibility and cost savings. RPA is also being used to manage workload, automate communication, and provide SLA-based automation for various applications. Credential management, Citrix automation, data APIs, and network connectivity are essential components of RPA solutions. RPA is being used in various industries to automate processes, including financial applications, ecommerce industry, and regulatory spikes in Returns processing and workflow management. Automated process optimization is helping businesses cope with social distancing norms, human resource crunch, and temporary, seasonal workers. Emerging industries like the automotive OEMs and the Association for Advancing RPA are pioneering new uses for RPA, including conversational RPA chatbots and robotic use in regulated authorities and government organizations. RPA is transforming business operations, providing a competitive edge, and enabling organizations to focus on core business functions. With the increasing use of RPA, the future looks bright for this innovative technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeServicesSoftwareEnd-userBFSIIT/ITESTelecomLogisticsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Viettel Group and Vietnam’s Government Cipher Committee Unveil Security Chip Embedding Vietnamese Cryptography in Silicon

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HANOI, Vietnam, Nov. 3, 2026 /PRNewswire/ — Vietnam’s Government Cipher Committee and Viettel Group have unveiled VGC v1.0, a security chip integrating a domestically developed cryptographic algorithm directly into silicon, alongside the country’s first domestically designed secure semiconductor platform.

The project addresses concerns over potential data exposure associated with reliance on imported chips. By embedding cryptographic functions directly into hardware, Vietnam’s Government Cipher Committee and Viettel Group aim to strengthen Vietnam’s control over the design and verification of technologies used to protect sensitive information.

VGC v1.0 contains 300 million transistors in a 10 × 10 mm package and is fabricated using a 28-nanometre CMOS process. In performance tests, it performed encryption and decryption approximately 15 times faster than a software-only solution carrying out the same tasks. The first batch passed technical tests and received certification for socio-economic applications in the first quarter of 2026. Technical safeguards were also applied to protect the design before fabrication, reducing risks of information leakage and reverse engineering.

The Government Cipher Committee’s M2 unit established security requirements, developed the cryptographic algorithm and defined evaluation criteria, while Viettel Semiconductor Center designed and implemented the chip. Based on the open RISC-V instruction set architecture, the underlying platform enables Vietnamese engineers to modify processor designs and reuse established verification processes for future chip generations.

VGC v1.0 has already seen initial deployment in secure USB storage devices for Party, government and defence agencies. Planned applications include supporting Vietnam’s national digital signature certification system, which has more than two million digital certificates in circulation. Other potential uses span financial data protection, connected cameras and sensors, and critical infrastructure systems in electricity, water, oil and gas, and telecommunications. Products intended to protect state secrets would require further testing and certification under applicable standards.

“Researching, designing and developing secure semiconductor chips is a formidable challenge, requiring years of accumulated expertise, technological capabilities and highly skilled talent. Yet we believe that starting later does not mean accepting dependence on others. With the right strategy, focused resources and sustained commitment, we can steadily close the gap and move towards mastering technologies of strategic importance to our country,” said Lieutenant General Tao Duc Thang, Chairman and CEO of Viettel Group.

At the launch, the Vietnam’s Government Cipher Committee and Viettel Group signed an agreement covering plans for volume production, multicore security chips, specialist workforce development and testing on real devices. Viettel is also building a semiconductor fabrication plant in Hoa Lac as part of broader efforts to develop domestic capabilities across chip design, manufacturing and packaging.

Beyond the initial chip, the initiative establishes a foundation for future generations of security hardware, supporting Vietnam’s long-term efforts to reduce technological dependence and strengthen control over critical digital technologies.

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SOURCE Viettel Group

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USDGO Plus SP Among First Products on OSL’s Instant Redemption

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Eligible professional investors redeeming units of USDGO Plus SP through OSL may receive redemption proceeds on the same day, subject to OSL’s eligibility criteria and applicable terms and conditions

HONG KONG, Nov. 3, 2026 /PRNewswire/ — Units of PrimePlus SPC – USDGO Plus SP held via OSL are included in the initial batch of products covered by Instant Redemption, a feature OSL Group announced on 2 November 2026 for tokenised real-world asset (RWA) products on its licensed platform.

Eligible professional investors redeeming designated products through OSL may receive their redemption proceeds on the same day, subject to OSL’s eligibility criteria, product coverage and applicable terms and conditions. Designated products may also be subscribed for and redeemed in USDGO.

USDGO Plus SP is a segregated portfolio of PrimePlus SPC, a Cayman Islands segregated portfolio company registered with CIMA as a mutual fund. Under the co-operation framework of 2WA and OSL, fund units stay in custody via OSL, 2WA does not custody client fund units, and Instant Redemption is an OSL platform feature*.

OSL continues to provide custody and distribution for USDGO Plus SP. Instant Redemption does not change the fund’s redemption terms, registration status, offering documents, risk disclosures or investor eligibility requirements.

*Instant Redemption is only available to investors on the OSL platform who qualify as professional investors.

About 2WA

2WA is a real-world asset (RWA) and digital asset technology development company focused on expanding the utility of regulated assets. 2WA applies blockchain technology, including tokenization, to broaden how regulated assets such as fund units and listed equities are held, used and mobilized. Throughout, the underlying assets remain with licensed custodians. 2WA’s objective is to create new use cases for these assets and, in doing so, enhance their overall value for investors and institutions.

USDGO sits at the core of 2WA’s business. As an active contributor to the USDGO ecosystem, 2WA uses USDGO as the primary settlement and liquidity asset across its RWA products, and works alongside partners to broaden its adoption, deepen its liquidity and support the long-term growth of its ecosystem. For more information, visit https://2wa.io

About OSL

OSL Group (HKEX: 863) is a global stablecoin infrastructure company that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Liquid, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: media@osl.com

Media contacts

2WA: media@2wa.io
OSL: media@osl.com

Disclaimer

This press release is for information purposes only. It does not constitute an offer, solicitation, recommendation or inducement to buy, sell or otherwise deal in any digital asset, security or other financial product, and it is not financial, investment, legal, tax, accounting or other professional advice and should not be relied on as such. Views expressed do not necessarily reflect the official positions of OSL Group or its affiliates. Descriptions of products and services are for general reference only, and participation is subject to applicable terms, conditions and regulatory requirements. This press release may contain forward-looking or indicative information; actual outcomes may differ materially, and none of OSL Group, 2WA, PrimePlus SPC or their respective affiliates undertakes any obligation to update it.

USDGO Plus SP has not been authorised by the Securities and Futures Commission under section 104 of the Securities and Futures Ordinance (Cap. 571) (SFO), and its offering documents have not been reviewed by any regulatory authority in Hong Kong. Interests in USDGO Plus SP may be offered in Hong Kong only to professional investors, and only on the basis of the fund’s offering documents. Investing in digital asset funds involves significant risks, including the possible loss of the entire amount invested. Market-neutral strategies do not eliminate risk, and funding rates may turn negative. Past performance is not indicative of future results.

Instant Redemption is a feature of OSL’s platform. Its availability is subject to OSL’s eligibility criteria, limits and platform terms, and may be changed, suspended or withdrawn at any time. It does not amend the redemption terms of USDGO Plus SP and is not a guarantee of liquidity or of the return of any amount invested.

This press release is intended only for “professional investors” as defined in the SFO and its subsidiary legislation, must not be distributed or used in any jurisdiction where doing so would breach applicable laws, and does not constitute active marketing to the public in Hong Kong. Readers are responsible for complying with the laws of their own jurisdiction. The stablecoins referred to in this press release may be “specified stablecoins” under the Stablecoin Ordinance (Cap. 656); their issuers and OSL Digital Securities Limited (OSLDS) are not licensed under that Ordinance to conduct regulated stablecoin activities in Hong Kong. OSLDS is a permitted offeror under that Ordinance and offers such products in Hong Kong only to clients it has verified and accepted as professional investors.

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SOURCE 2WA

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THE KOREA INDUSTRY DAILY: ROBOTWORLD 2026 to Spotlight Physical AI and AI-Driven Manufacturing With 402 Exhibitors From 17 Countries

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Rainbow Robotics, Neuromeka and Samhyun to exhibit Nov. 4–7 near Seoul; NVIDIA and Qualcomm to participate in conference

GOYANG, South Korea, Nov. 3, 2026 /PRNewswire/ — ROBOTWORLD 2026 will bring together 402 companies from 17 countries at the Korea International Exhibition Center (KINTEX) Nov. 4–7. The 1,198-booth exhibition will explore how Physical AI and AI-driven manufacturing systems are being developed for industrial applications.

International exhibitors will include Taiwan’s Advantech, Japan’s FANUC and China’s Booster Robotics, PAXINI and Unitree. A Canadian delegation of 10 technology companies will participate in the exhibition and conference, while companies from India and Bangladesh will exhibit at ROBOTWORLD for the first time.

The International Robot Business Conference 2026 will extend the discussion of industrial applications through 36 sessions on Nov. 4–5. Its three tracks — Manufacturing AX (AI transformation), Humanoid with Physical AI and Mobility — will address AI adoption in production, robot intelligence and mobility across industrial and service environments. The Manufacturing AX track will feature presentations by representatives from Qualcomm and Advantech, while a speaker from NVIDIA will present in the Humanoid with Physical AI track. Qualcomm will also sponsor the exhibition.

According to the International Federation of Robotics’ World Robotics 2026 report, global industrial robot installations reached a record 603,307 units in 2025, marking an 11% increase from the previous year and surpassing 600,000 units for the first time. Asia accounted for 76% of all newly installed industrial robots, with 457,315 units installed, up 14% year-on-year. Global installations are forecast to reach 655,000 units in 2026, reflecting the continued expansion of industrial automation.

Against this industrial backdrop, the exhibition will explore Physical AI technologies that enable robots to perceive their surroundings, assess conditions and perform physical tasks. Korean exhibitors will address both task intelligence and the platforms and components that enable movement and manipulation.

Rainbow Robotics will exhibit its RBY mobile humanoid and RBQ quadruped series, while Neuromeka will present its Physical Skill Foundation (PSF) technology alongside the EIR humanoid and NAMI mobile humanoid platforms. Neuromeka describes PSF as supporting task execution involving unfamiliar objects and changing work environments. Samhyun will showcase its AXLON actuator series for robot joint actuation, torque control and linear motion, together with the BOLDUM autonomous transport robot for industrial material handling with payloads of up to 3 metric tons.

Beyond individual robots, the exhibition will examine AI-driven manufacturing through systems that combine collaborative robots, autonomous mobile robots (AMRs), machine vision and manufacturing software. Exhibitors will demonstrate how process data and material flows can inform robot and equipment operations across production processes.

Humanoid, food-tech and healthcare pavilions will provide focused views of these technologies and their applications. The newly established humanoid pavilion will cover complete robots, actuators, reducers, sensors, controllers and AI software. The food-tech pavilion will feature cooking, serving and kitchen automation. The returning healthcare pavilion will cover surgical, rehabilitation, wearable and care robots, as well as hospital logistics.

Business programs will connect the technology presentations with opportunities for procurement, exports and investment. Export and procurement matchmaking sessions will run Nov. 4–6, with suppliers and prospective buyers matched in advance for one-to-one meetings. A seminar on entering international markets will be held on Nov.5 providing practical information on certification requirements in different countries.

Global Scale-up Day on Nov. 6 will be open to small and medium-sized enterprises as well as startups in AI and robotics seeking investment and growth capital. Conducted entirely in English, the program will bring together venture capital firms, accelerators, strategic investors and M&A specialists.

“With increased participation by global companies and the addition of national and special pavilions, we hope this year’s exhibition will showcase the capabilities of Korean robotics companies and expand opportunities for practical cooperation between Korean and international businesses,” a ROBOTWORLD representative said.

ROBOTWORLD 2026 will take place at KINTEX Exhibition Center 1, Halls 3–5, in Goyang. Information on exhibitors, conference sessions and business programs are available at https://eng.robotworld.or.kr/.

About ROBOTWORLD

ROBOTWORLD is an international robotics exhibition covering industrial and service robots, core components, AI software and manufacturing automation solutions, alongside a conference and business programs. ROBOTWORLD 2026 is hosted by South Korea’s Ministry of Trade, Industry and Resources (MOTIR) and jointly organized by the Korea Association of AI Robot Industry (KAR), the Korea Institute for Robot Industry Advancement (KIRIA) and the Institute of Control, Robotics and Systems (ICROS).

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SOURCE THE KOREA INDUSTRY DAILY

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