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Fact.MR recently published a market study that sheds light on key aspects that have significant influence on growth of the Blue Prism technology services market during 2018-2028. The report finds that the ubiquity of robot process automation (RPA) tools across most industrial sectors is giving an impetus to the development of Blue Prism technology services.
According to the Fact.MR report, volume sales of the Blue Prism technology services is envisaged to increase by 35.6% in 2018 over 2017. The report remains bullish on remarkable growth prospects of the Blue Prism technology services market through 2028, as diverse end-user industries are willing to make long-term investments in Blue Prism technology services to expand their productivity.
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As a majority of mainstream enterprises are concentrating their efforts on acquiring and expanding their RPA initiatives, the Blue Prism technology services market is drawing attention of various industrial sectors.
The Blue Prism technology services market is broadly segmented according to geographical regions, service types, enterprise types, and end-user industries.
According to the geographical regions, the Blue Prism technology services market is segmented into four regions – North America, Latin America, Europe and Middle East & Africa (EMEA), and Asia Pacific (APAC).
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Based on the types of Blue Prism technology services, the Blue Prism technology services market is segmented into four types of services – advisory services, training services, maintenance and support, and implementation services.
According to the enterprise size, the Blue Prism technology services market is segmented into SMEs and large enterprises.
By end-user industries, the Blue Prism technology services market is categorized into leading end-user industries of Blue Prism technology services, including IT & Telecom, healthcare and life science, BFSI, travel, transportation, and logistics, and utilities and energy.
Adoption of Blue Prism Technology Services in SMEs Grows at a Rapid Pace
As the negative impacts of the great recessions are ebbing away, the number of small and medium-sized enterprises (SMEs) across the world is increasing at a positive rate. A majority of SMEs are inclined towards investing heavily in innovation and intelligent automation, and thereby, the mounting number of SMEs is likely to accelerate the expansion of the Blue Prism technology services market.
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The Fact.MR report finds that adoption of Blue Prism technology services among SMEs is escalating at a relatively higher rate than in large enterprises. As SMEs are investing heavily in automation services, such as Blue Prism technology services, to boost their productivity and inclusive growth, SMEs are outperforming large enterprises in terms of value added, which is redefining marketing strategies of Blue Prism technology services providers.
According to the U.S. Small Business Administration (SBA), the number of small businesses in the U.S. exceeded 30 million in 2015 with over 47.5% employment share in the country. According to a report published by the European Commission, the number of SMEs in the UK increased from 1.87 million to 1.97 million during 2015-2016. Stakeholders in the Blue Prism technology services market eye proliferation of SMEs as a lucrative growth opportunity to boost adoption of Blue Prism technology services.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/07/02/1877336/0/en/Product-Engineering-Services-to-Witness-Robust-Demand-as-SMBs-Continue-to-Reciprocate-the-Trend-of-Outsourcing-Fact-MR.html
This study offers forecast on the Blue Prism technology services market for the period, 2018 to 2028. A 28.8X revenue growth has been estimated for the Blue Prism technology services market through 2028.
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