RPA Software Capabilities, Market Growth Forecast
RPA software allows businesses to write code and bots that rapidly automate manual tasks across multiple departments — from IT service desks to HR, finance, customer support and more.
The global RPA software market is expected to reach $13.74 billion by 2028, up from $1.57 billion in 2020. The market's compound annual growth rate from 2021 to 2028 is expected to be 32.8%, Grand View Research predicts.
Much of the RPA software industry focuses on enterprise customers. Still, RPA may even eventually catch on in the SMB market as MSPs seek to further automate internal and customer operations.
RPA Software Mergers and Acquisitions
RPA software providers such as Automation Anywhere, Blue Prism, UiPath and Microsoft Power Automate frequently dominate headlines. But M&A activity is also influencing the market. Key buyers in the RPA software market have included IBM, Microsoft, Salesforce and ServiceNow.
Here's a detailed list of RPA software mergers and acquisitions.