One of the fastest-growing technologies today is Robotic Process Automation (RPA). It is becoming common now as more small and large organizations are implementing RPA across their operations. The demand for RPA skyrocketed, especially after the 2019 global pandemic when companies were working with minimal workforce due to restrictions and faced a severe financial crisis due to shutdown. By 2030, the RPA market will reach almost $13.50 billion, an increase of $12 billion compared to 2020.

Figure 1. RPA Market Size by 2030

Such a substantial increase in the market size indicates the growing importance of RPA. By using RPA, businesses can achieve superior productivity, efficiency, and quality, irrespective of the industry. RPA will eventually replace humans with time as businesses realize that it minimizes the chances of error and is cost-efficient in the long run.

Today, we will discuss some of the trends we can expect to see in 2023 are discussed below. 

RPA Trends to Expect in 2023

Use Of RPA By SMEs

Previously, the use of RPA was limited to large organizations only. However, things are changing rapidly. Now, small and medium-sized enterprises (SMEs) have also begun to adopt RPA, especially after the COVID-19 pandemic. They have started doing so to remain competitive and to enhance overall performance. In 2023 and the years to come, we will see more SMEs use RPA applications and software to improve their operations and eventually become more resilient. 

Cybersecurity Automation

We are all aware of the high risk of cyber-attacks looming all the time. It may include a data breach, such as important customer information or ransomware. So, the concern is growing amongst companies regarding their cyber security and how to improve it. One way of enhancing cyber security is using RPA, as there is no human involvement when it involves data processing. RPA bots can actively monitor online behavior and take corrective actions when required. AI-powered RPA bots can identify threats before they hit your systems. 

Use Of Robotic Workforce

Implementing the robotic workforce has already begun, and it will only increase in 2023. Not only is the robotic workforce cost-saving and a one-time investment, but it is also more efficient and cost-friendly in the long run. The use of robots in the service sector, including warehouses, restaurants, and retail shops, will increase in the coming years. RPA will replace many human jobs as bots are cost-effective, efficient, and highly productive. 

More Investment In Automation

According to a survey conducted by Gartner in 2022, 81% of organizations said they would keep increasing their budget for automation. Based on these statistics and the trend we have seen in the industry, it is safe to say that in 2023, we expect to see even more investment and spending in automation by companies. Companies have finally realized that the future lies in automation as it is more efficient. So, companies that do not invest in automation will eventually get knocked out and become history. For instance, Uber has already started to deliver food via drones. 

RPA Implementation Across Every Industry

The use of RPA was mainly limited to the tech industry, and not much adoption was seen in other sectors. However, this will change in 2023 as non-tech organizations have also started implementing RPA, which will only increase further. In 2023, we can expect the implementation of RPA across all industries. There are several use cases of RPA in manufacturing, such as inventory control and managing the bill of materials document.

Conclusion

These are some of the significant RPA trends you will see in 2023. If your business is still contemplating the benefits or use cases of RPA, you are well behind the competition. RPA is a promising technology that can help your business gain a competitive edge and improve efficiency. Contact us if you require help determining your RPA requirements or want a customized bot to automate critical processes. Agile Manager Technologies offers RPA solutions in Dubai and globally.

Share: