|Robotic process automation is a big market, but there will be only one big winner |
The market for robotic process automation is one of the hottest in tech right now, rapidly gaining traction as larger enterprises look to speed up their business processes by automating mundane office tasks.
A lot of the buzz around RPA comes from the massive amounts of money being injected into the market. The two biggest players in RPA right now, Automation Anywhere Inc. and UiPath Inc., are both startups that have raised almost $1 billion between them, sharing a combined market value of nearly $14 billion. Meanwhile, the market generated revenue of around $1 billion in 2019, almost double a year ago.
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