cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News AI

Global Spending on Robotic Process Automation Software to Reach $680 Million in 2018

Deepa Sharma by Deepa Sharma
November 13, 2018
robotic process automation

Global spending on robotic process automation (RPA) software is estimated to reach $680 million in 2018, an increase of 57 percent year over year, according to the latest research from Gartner. RPA software spending is on pace to total $2.4 billion in 2022. Analysts Discuss Business Cases of RPA at Gartner Symposium/ITxpo 2018, November 13-16 in Goa, India

“End-user organizations adopt robotic process automation technology as a quick and easy fix to automate manual tasks,” said Cathy Tornbohm, vice president at Gartner. “Some employees will continue to execute mundane tasks that require them to cut, paste and change data manually. But when robotic process automation tools perform those activities, the error-margin shrinks and data quality increases.”

The biggest adopters of robotic process automation today include banks, insurance companies, utilities and telecommunications companies. “Typically, these organizations struggle to knit together the different elements of their accounting and HR systems, and are turning to robotic process automation solutions to automate an existing manual task or process, or automate the functionality of legacy systems,” said Ms. Tornbohm.

Gartner analysts are discussing how to exploit robotic process automation for better business outcomes this week during Gartner Symposium/ITxpo, which is taking place here until Friday.

RPA tools mimic the “manual” path a human worker would take to complete a task, using a combination of user interface interaction describer technologies. The market provides a broad range of solutions with tools either operating on individual desktops or enterprise servers.

Gartner estimates that 60 percent of organizations with a revenue of more than $1 billion will have deployed robotic process automation tools by the end of the year. By the end of 2022, 85 percent of large and very large organizations will have deployed some form ofrobotic process automation. “The growth in adoption will be driven by average robotic process automation prices decreasing by approximately 10 percent to 15 percent by 2019, but also because organizations expect to achieve better business outcomes with the technology, such as reduced costs, increased accuracy and improved compliance,” added Ms. Tornbohm.

ADVERTISEMENT

However, robotic process automation is not a one-size-fits-all technology and there are cases where alternative automation solutions achieve better results. robotic process automation solutions perform best when an organization needs structured data to automate existing tasks or processes, add automated functionality to legacy systems and link to external systems that can’t be connected through other IT options.

Deepa Sharma

Deepa Sharma

Deepa Sharma is CXOVoice’s Managing Editor, overseeing all coverage technology, cybersecurity, banking, and financial coverage. She can be reached at [email protected]

Related Posts

Business

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

June 27, 2025
Osaka Sakai Data Center
Technology

HPE and KDDI Partner to Launch Osaka Sakai Data Center for AI Innovation by 2026

June 26, 2025
Tata Hackathon
Technology

Tata Technologies with AWS to Launch Engineering Hackathon Focused on Smart Mobility Innovations

June 26, 2025
Fujitsu
Press Release

Fujitsu’s Uvance Wayfinders consulting empowers customers to evolve business foundations leveraging data and AI

June 26, 2025
HCLTech AMD
Technology

HCLTech and AMD Unite for Next-Generation Technology Solutions across AI, digital and cloud

June 25, 2025
Infosys
Business

Infosys Announces Strategic Collaboration with Zoetis to Enhance IT Operations

June 25, 2025
Tech Mahindra Security
Cyber Security

Tech Mahindra Launches Managed Services for Cisco Multicloud Defense to Enhance Cloud Security

June 24, 2025
Toshiba
Business

Toshiba Begins Sample Shipments of its Smart Motor Control Driver “SmartMCD” Series

June 24, 2025
Load More
ADVERTISEMENT

Latest Updates

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

by News Desk
2 hours ago

Osaka Sakai Data Center

HPE and KDDI Partner to Launch Osaka Sakai Data Center for AI Innovation by 2026

by Deepa Sharma
1 day ago

Tata Hackathon

Tata Technologies with AWS to Launch Engineering Hackathon Focused on Smart Mobility Innovations

by News Desk
1 day ago

Fujitsu

Fujitsu’s Uvance Wayfinders consulting empowers customers to evolve business foundations leveraging data and AI

by News Desk
1 day ago

HCLTech AMD

HCLTech and AMD Unite for Next-Generation Technology Solutions across AI, digital and cloud

by Deepa Sharma
2 days ago

Infosys

Infosys Announces Strategic Collaboration with Zoetis to Enhance IT Operations

by News Desk
2 days ago

Expert Views

Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved