RPA strategy takes advantage of fast-growing market

Speaking in a webinar released in August by Gartner, "Robotic Process Automation (RPA) Growing Pains & Realities," Karamouzis said that while studying the market for the past three or so years, she has seen it grow from a less than $100 million market to an estimated $750 million to $1 billion, and that's only in product license sales. Adoption rates for RPA have also gone up, she said, particularly in fields like HR and finance. Currently, there are about 70 software companies that offer some kind of RPA product, Karamouzis said. While there are a few large organizations in that mix, most of the companies are smaller players. That's something to consider when looking at vendors and planning a company's RPA strategy, she noted.