RPA market to reach $22 billion by 2025: Forrester

The robotic process automation (RPA) market is expected to reach $22 billion by 2025, according to a new Forrester report. The research based on surveys of the world's top RPA vendors and service providers reveals that RPA software is expected to grow to $6 billion while services reaches $16 billion in the next three years. The top RPA providers including UiPath, BluePrism (sold to SS&C Technologies), and Automation Anywhere have attracted a lot of investment in recent years and the combined market capitalization based on the peak valuations for the three leaders exceeded $US40B when the market was running hot. However, this has retreated in recent times. Blue Prism sold for half of its peak while UIpath has lost about two-thirds of its value from its peak.