cxo voice
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
Interviews, IT and Technology News India | 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
Reading Time: 2 mins read
robotic process automation
Share on FacebookShare on TwitterShare on LinkedinShare via E-Mail

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.

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.

Tags: Cathy TornbohmGartnerRobotic process automation
Deepa Sharma

Deepa Sharma

Senior Writer and Editor at CXO VOICE, She covers technology, cybersecurity, and financial and other tech news and updates. She can be reached at "deepa@cxovoice.com"

Related Posts

CMO
News

60% of CMOs Have Centralized Some or All of Their Function in the Pursuit of Operational Efficiency: Survey 

August 19, 2022
customer service and support leaders, work from home, Gartner
News

Gartner Predicts By 2025, 75% Of Companies Will “Break Up” With Poor-Fit Customers

February 24, 2022
Business productivity
Survey

61% of Supply Chain Leaders Expect a Permanent Hybrid Work Model for Frontline Workers: Gartner

February 3, 2022
CRM software in 2020
News

Gartner Marketing Survey Finds 64% of Consumers Try to Keep Work and Personal Lives Separate During Pandemic

January 11, 2022
Wipro's Digital Database Services (DDS)
IT

IT Spending in India to Reach $100 Billion in 2022: Gartner

December 1, 2021
AI Software Market
AI

Global AI Software Market to Reach $62.5 billion in 2022

November 23, 2021
Business

Global Semiconductor Revenue Recorded 10.4% Growth in 2020: Gartner

April 13, 2021
Worldwide IT spending
IT

Worldwide IT spending to touch $4 trillion in 2021 : Gartner

April 8, 2021
Load More
Next Post
Keysight 2018

Securing Market Leadership is Key Driver for 5G Technology Investment: Keysight 2018 Survey

ADVERTISEMENT

Expert Views

Sundar Balasubramanian, The Dawn of a New (Ransomware) Age
Cyber Security

The Dawn of a New (Ransomware) Age

August 19, 2022
AI Cloud Enterprises
AI

What can AI Cloud do for Enterprises?

March 9, 2022
Data Modernisation
Technology

4 Key Trends Driving Data Modernization Across The Enterprises

January 28, 2022
IT Service Management (ITSM)
Enterprise

The need of ITSM to start a digital transformation journey and ensure high ROI

January 17, 2022
Cloud Adoption
Cloud

Cloud Adoption Needs to Be Accelerated

January 12, 2022

Get Latest Update

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

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

Significance Of Ethical Entrepreneurship In The Post COVID-19 Economy

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

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

Write Us

contact@cxovoice.com

Newsletter

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

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2021 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security

© 2021 CXO VOICE

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/