Robotic process automation (RPA) programs are well past the point of initial adoption. The RPA industry has exploded over the last several years, and the accelerated adoption has led to increases in the total cost of ownership and operational expenses for RPA. For some companies, their expenses have reached almost half a million dollars per year on average and more than a million dollars per year for businesses that have more than 10,000 employees.

So, how does this boost RPA adoption from more businesses? The answer is simpler than expected. Rising costs, coupled with businesses’ strong desires to automate more complex and end-to-end processes instead of smaller, rule-based tasks seem to be the likely drive for more businesses to adopt intelligent automation platforms. This is certainly good news for four of our partners that are dominating the market—Microsoft Power Automate, Automation Anywhere, Blue Prism, and UiPath—even though there are a number of new companies that are looking to disrupt these market leaders.

What Is Boosting RPA? Digital Workforce Solution

Out of the four market leaders, Microsoft Power Automate is well-positioned to make some strong strides within the RPA market. Its time in the RPA market has been pretty short, but Microsoft has been experiencing an increase in popularity due to its reduced licensing fees that help businesses lower their total cost of ownership for automation, its ease of use for workers, and its extensibility with the rest of the Microsoft ecosystem.

Microsoft is also seeing a boost because of the number of companies that are building and deploying net-new automation in Power Automate. They also bundled Power Automate for free in Windows 10, adding to the boost they’ve already been seeing.

Newer generation cloud-native automation platforms are also becoming available with better capabilities, and this has led to more companies entertaining multi-platform strategies for their automated processes. Some of these platforms are still pretty expensive, but organizations are still drawn to them for their specialized tools. Additionally, companies are finding that the different tools offered in the multi-platform strategies are more compatible with specific architecture within their enterprise.

what is boosting rpa

Overall, the RPA vendor market is still pretty young compared to other enterprise software segments. Because of this, organizations across the world are still evaluating all the available RPA platforms to see which one will work best for their business needs. As RPA platforms continue to improve, companies will be able to improve RPA governance, automate more complex, end-to-end processes, and apply RPA more broadly across the business while achieving scale. With the current boosts that RPA platforms are seeing, these improvements will only offer more significant boosts to RPA companies in the future.

Published On: August 4th, 2022 / Categories: Automation, Human Workers, Optimization /

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