By Sneha Bokil - December 19, 2019 3 Mins Read
2020 is said to be a crucial year in which automation adoption will witness a significant shift owing to the maturity in the RPA industry.
Gartner stated that RPA is. The global market for RPA services is estimated to hit $7.84 billion in 2020, making it the fastest-growing segment of the worldwide enterprise software market, reports Gartner. This growth of the RPA market will be driven by the advancement in technology, economic shifts, and a new generation of workers.
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Enterprises are expected to standardize and scale their automation even more in 2020. There will be a rise in mergers and acquisitions of smaller RPA vendors. Organizations will need to address business challenges with a hybrid software workforce, using software robots to automate daily processes and allow humans to be more creative.
Students will lead automation deployment
Employees have been stuck in integrating outdated technology systems through repetitive and manual work. However, this will change in 2020, as students entering the workforce will drive lagging businesses to transform and modernize their processes. Students are expected to learn automation at an early stage, following which they will start automating parts of their jobs. These employees will get more efficient and effective over time and the benefits of RPA will exceed any hurdles, compelling organization to change.
Machines will become more intelligent
The current innovation in AI and computing is being driven by innovations in quantum computing. There has been a consistent increase in the number of qubits in quantum computing and the potential use-cases for this power will only increase going forward.
Consolidation of RPA vendors will increase
More and more established organizations are moving into the RPA market and carrying out mergers and acquisitions with newer RPA vendors. Companies that will enter the RPA market will buy and merge smaller firms to compete with the existing market leaders. Global service integrators are already buying automation-led services companies. As we enter the new decade, the consolidation of these challenger companies will continue across services and technology businesses.
RPA will become the repository for automation
RPA is all set to claim its place as a central platform for other enterprise automation tools in 2020. It will become the repository for automation and the centrality of RPA will run parallel with the development of automation that will be more useful. In turn, this will enable organizations to reuse code across industries and geographies. This is the front end of an even longer-term trend, as RPA becomes more accessible and extensible.
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Usage of robots will gradually increase
Companies will learn how to standardize robots and apply them across use-cases and departments. Their use case will eventually extend across industries resulting in more predictable deployments and easier scaling instead of adopting automation in silos, which constrains the benefits of RPA.
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Sneha Bokil is a Senior Editor with OnDot Media. She writes editorials on an array of topics ranging from IoT, AI, ML, and cloud computing, among others. She has over 9 years of experience in the field of content creation, where she has written on technology, both enterprise and consumer, and finance.
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