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Surge in Digital Banking Fuels Demand for Global Robotic Process Automation in BFSI Market, Projected to Expand at a CAGR of 39.4% by 2030 - ResearchAndMarkets.comThe "Robotic Process Automation In BFSI Global Market, 2023-2030" report has been added to ResearchAndMarkets.com's offering. The global robotic process automation in BFSI market size is expected to reach USD 8.79 billion by 2030 and expand at a CAGR of 39.4% from 2023 to 2030, according to the new reports of the publisher. The introduction of Digital 2.0 is driving digital transformation in the banking and financial services sector. Some of the key technologies used in the Banking, Financial Services, and Insurance (BFSI) sector include Artificial Intelligence (AI) & machine learning, robotic process automation, blockchain, Internet of Things (IoT), and open banking platforms. The growing need to provide enhanced user experience and meet the needs & expectations of customers is leading to a surge in digital banking. This is expected to boost the demand for robotic process automation in BFSI market. Banking and financial services are highly competitive markets. The BFSI sector requires documents for various banking processes, along with numerous legacy systems for paperwork. For instance, though loan applications can be processed online, supplementary documents and other pieces of information still require manual intervention. In such cases, robotic process automation bots can work across different legacy systems to retrieve information available on digital platforms. These automation solutions cater to two distinct categories; attended & unattended Robotic Process Automation (RPA). The attended RPA is useful in the automation of tasks that require human intervention, such as front-end tasks. On the contrary, the unattended RPA performs repetitive and deterministic functions in the back end. Robotic process automation has potentially benefited the banking sector by expediting individual case-handling processes and meeting regulatory compliances. In the insurance sector, robotic process automation has enabled a reduction in time spent on inbound calls by digitizing the process, thereby optimizing the turnarounds. The financial industry handles many complex manual processes and often faces issues owing to human error. In such scenarios, robotic process automation has enabled organizations to eliminate manual errors while improving the overall process quality. Companies Mentioned
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Robotic Process Automation in BFSI Market Variables, Trends & Scope 3.1. Market Lineage Outlook 3.1.1. Parent Market Outlook 3.2. Industry Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market Driver Analysis 3.3.2. Market Restraint/Challenge Analysis 3.3.3. Market Opportunity Analysis 3.4. Business Environment Analysis Tools 3.4.1. Porter's Five Forces Analysis 3.4.2. PEST Analysis 3.5. COVID-19 Impact Analysis
Chapter 4. Robotic Process Automation in BFSI Market Type Outlook
Chapter 5. Robotic Process Automation in BFSI Market Deployment Outlook
Chapter 6. Robotic Process Automation in BFSI Market Organization Outlook
Chapter 7. Robotic Process Automation in BFSI Market Application Outlook
Chapter 8. Robotic Process Automation in BFSI Market: Regional Outlook
Chapter 9. Competitive Landscape 9.1. Company Categorization (Mature Players, Emerging Players) 9.2. Company Ranking/Share Analysis, 2022 9.3. Heat Map Analysis, 2022 9.4. Strategy Mapping 9.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
For more information about this report visit https://www.researchandmarkets.com/r/r49a02. About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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