By JOLT Experts on Jul 10, 2019 6:02:43 PM
Gartner is the world's leading information technology research and advisory company. It delivers technology-related insights for organizations to make the right decisions for their business needs and digital transformation goals.
Few years ago, Robotic Process Automation (RPA) was a technology known by only a few in the emerging technologies category, there were not many analysts focusing on evaluating this market and its vendors. Fast-forward to today, Gartner has released its first ever Gartner Magic Quadrant for RPA software. Following the steps of other large analysts firms like Forrester and the Everest Group. A testimony to how significant RPA has become in the era of digital transformation.
In Gartner's first Magic Quadrant for RPA software, it states that RPA's market revenue jumped 63% in the past year. Making it the fastest-growing enterprise software segment, with a total market value of $846.2 million, driven by companies looking to automate an array of manual processes involving data entry and legacy systems integration, enabling them to quickly accelerate their digital transformation initiatives, while unlocking the value associated with past technology investments.
UiPath, our main RPA software partner, which recently raised $568 million in venture capital funding and is valued at $7 billion, was indisputably the biggest winner in the RPA market. They grew from being a startup of just over 100 employees in 2015 to nearly 3.000 employees worldwide today. With a revenue growth of 629% from 2018 and leading the industry with a market share of 13.6%, Gartner has name UiPath, the leader of the 2019 magic quadrant, achieving the highest and furthest overall position for its ability to execute and completeness of vision.
Source: Gartner, 2019
As an experienced Intelligent Automation services provider, we are proud to be partners with the world's leading RPA software company, their technology, their culture, and most importantly their vision inspires us everyday to provide the best in class solutions for our clients to build a sustainable digital transformation.
To learn more about Gartner's Magic Quadrant for Robotic Process Automation Software, read the full report here.
Click here to request a product demo of UiPath and Contact us to learn how we can help you get started with your RPA software implementation.