Robotic Process Automation (RPA) in Financial Services Market Is Expected to Reach $4.8 Billion, Globally, by 2030: Allied Market Research – QNT Press Release

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Portland, OR, Feb. 15, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the Robotic Process Automation (RPA) in financial services market generated $0.3 billion in 2020, and is projected to reach $4.8 billion by 2030, witnessing a CAGR of 30.9% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario , and competitive landscape.

Easier loan processing owing to RPA, adoption of RPA by banks for various financial processes, and better customer services through RPA in financial market drive the growth of the global RPA in financial services market. However, resistance by employees and regular maintenance of the system restrain the growth to some extent. On the other hand, technological advancement in automation processes present new opportunities in the upcoming years.

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COVID-19 Scenario:

  • The outbreak of the COVID-19 pandemic has increased the demand for the RPA in financial services, thereby positively impacted the RPA in financial services market growth.
  • The pandemic implemented the global lockdown, which forced the business workforce to continue remote working. In such a scenario, RPA allowed financial companies to remain operational.
  • Moreover, financial firms increasingly invested in RPA in order to overcome the burden of manual processes, which in turn, boosted the RPA in financial …

Full story available on Benzinga.com

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