Market Trends of Asia-Pacific Robotic Process Automation Industry
This section covers the major market trends shaping the APAC Robotic Process Automation Market according to our research experts:
Mining Sector will Drive the Market Growth
- Robotic process automation reduces costs, saves time, and upskills workers in mining. It also fundamentally reshapes employees' work environment, especially for larger workforces.
- Some major mining companies in Asian countries are shifting their focus on transformation with a progressive stance and proving digitization. Also, with automation mining industry can achieve much better operational outcomes.
- For instance, ITOCHU Corporation has implemented RPA solutions to increase efficiency and automate routine manual tasks. It automates PC operations rather than using people to reduce working hours and improve accuracy. The company also revealed its plan to deploy RPA beyond the company and throughout the ITOCHU Group.
- Many vendors in the market are expanding their presence to seize the growing opportunity in the mining sector in Asian countries. For instance, UiPath has established a Japanese subsidiary, UiPath K.K., in Tokyo, Japan. UiPath is the first leading global RPA vendor to develop a legal entity in Japan.
- India is also experiencing automation and digitization in its mining sector aimed at enhancing productivity and addressing the challenges faced by the industry. This can fuel the growth of the studied market in the forecast period.
- Further, innovations in artificial intelligence, machine learning, and the industrial internet of things all have the potential to save the sector an estimated USD 373 billion and hundreds of lives by 2025 by automating machinery operation, planning and scheduling, facilitating predictive maintenance, improving man, material and asset traceability, harnessing the power of real-time data and analytics, and providing visibility across the mine-to-market value chain.
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China to Hold the Largest Market Share
- China is witnessing growth in adopting RPA, owing to the growing adoption of automation technologies in the Asia-Pacific region. Automation adoption has seen a steady increase in the country to offset an era of population decline across the region.
- Moreover, China has been the hub for the cheapest labor in the world. But in recent years, several companies and government agencies have started to enhance their efficiency with the help of technology.
- China is an important market for boosting RPA adoption and AI development. Many local Chinese businesses have started their RPA journey to manage costs and improve business value.
- Manufacturing is one of the prominent features of the Chinese economy, and it is undergoing a rapid transformation. This large-scale transformation has aided the country in becoming a leading nation in the manufacturing market globally.
- The Chinese manufacturing industry has seen industrial automation empowered by physical robots. It has also augmented a need for disruptive technology like Robotic Process Automation in manufacturing that helps businesses focus more on product innovation and core strengths instead of daily repetitive tasks that are critical but mundane.
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