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2019 – 2020 Robotic Process Automation Product and Market Report

2019 – 2020 Robotic Process Automation Product and Market Report

RPA is helping organizations improve productivity, reduce costs, mitigate risk, improve operational efficiency, oversee internal processes, and improve regulatory compliance. These automated tools can also help to reduce systems and IT development costs and extend the life of applications throughout the enterprise. 

A new staffing paradigm      

Organizations are using RPA in a hybrid staffing mode, where the technology works “side by side” or as a virtual “assistant” to humans. RPA solutions can assist by looking up information in a knowledge base, auto-completing forms with data obtained from internal or external sources, and much more. RPA can also fully automate processes that do not require human cognitive capabilities, freeing workers to perform more interesting and rewarding tasks. These automated capabilities are changing the responsibilities of employees and the dynamics of contact centers and back-office functions, for the better. Human employees, however, feel threatened by the rapid emergence of the automated workforce. Companies are encouraged to build Centers of Excellence (CoEs) and training programs to improve and extend the usefulness of their organizations’ human capital in this age of artificial intelligence.

High demand in a rapidly expanding market 

The RPA market is experiencing “hockey-stick” growth, expanding by over 100% during the past year. DMG expects this remarkable rate of adoption to continue for the next few years, as many opportunities remain for organizations to benefit from this automation. RPA vendors are facing extraordinary demand for their products and support services. RPA is still a relatively new IT sector, and the RPA vendors are experiencing growing pains in this rapidly expanding market. One of the biggest opportunities is in the area of training. Customers are looking to their vendors for guidance, professional services and best practices to succeed with their RPA initiatives.

Detailed and insightful analysis  

The 2019 – 2020 Robotic Process Automation Product and Market Report provides in-depth analysis of this market, including comprehensive coverage of the competitive landscape, vendors and offerings. The detailed product comparisons and analyses presented in the Report are intended to assist companies in identifying and selecting the right RPA solutions to meet their current and future needs. The Report features 4 vendors who offer solutions that address service, contact center, back-office and other enterprise uses: Jacada, NICE, UiPath and Verint. OnviSource is covered at a high level.

Report includes:

  • Definition of RPA, including attended and unattended automation and a high-level overview of the underlying technical components
  • Examination of the top contact center and enterprise uses of RPA
  • Market trends and challenges that are driving interest, investments and innovation in this sector
  • RPA vendor innovation and near-term roadmap, including new product features and what is planned to be delivered in the next 12 – 18 months
  • Insightful discussion of the impact of RPA on the agent’s role and contact center staffing
  • Examination of how attended automation is being leveraged to reduce agent and customer effort and improve service quality and the customer experience
  • Review of how unattended RPA works in the background to automate some or all steps of a process or workflow
  • RPA competitive landscape, including the technology sectors that are developing RPA solutions and an overview of the RPA vendors and product offerings covered in the Report
  • RPA vendor market activity and 5-year projections
  • Detailed functional and technical side-by-side comparative analysis of the functional and technical capabilities of the 4 featured RPA solutions
  • Implementation analysis, including vendor methodology, best practices, professional services, training, maintenance and support
  • RPA benefits and return on investment (ROI) analysis
  • Review of RPA vendor pricing structures
  • Results of DMG’s comprehensive customer satisfaction survey, which ranks vendors based on customer satisfaction across 8 product components, 8 effectiveness categories and 10 vendor categories
  • Detailed company reports for the 5 RPA vendors covered in this Report, analyzing product functionality and near-term product roadmap deliverables
  • Comprehensive RPA Vendor Directory
  1. Executive Summary
  2. DMG Consulting Research Methodology
    • 2.1 Report Participation Criteria
  3. Introduction
  4. Robotic Process Automation Defined
    • 4.1 RPA Building Blocks
    • 4.2 Attended and Unattended Automation
    • 4.3 RPA vs. IVA
    • 4.4 Technical Components of RPA Solutions
  5. RPA Uses
  6. RPA Market Trends
  7. RPA Market Challenges
  8. RPA Market Innovation
    • 8.1 New Product Features
    • 8.2 Future Enhancements
  9. Are AI and Automation the End of the Road for Agents?
  10. Help Wanted: Attended Automation for Agents and Customers
  11. Unattended Automation: A Silent Partner
  12. 12. RPA Competitive Landscape
    • 12.1 Company Snapshots
    • 12.2 RPA Product Information
    • 12.3 RPA Packaged/Verticalized Solutions
  13. RPA Market Activity Analysis
  14. 14. RPA Market Projections
  15. 15. High-Level Technical Analysis
    • 15.1 Security and Compliance
  16. RPA High-Level Functional Analysis
    • 16.1 Administration/Design and Development Environment
    • 16.2 Business Intelligence, Reporting and Dashboards
  17. 17. RPA Implementation Analysis
  18. 18. RPA Benefits and Return on Investment
  19. 19. RPA Pricing Structure
  20. 20. Vendor Satisfaction Analysis
    • 20.1 Summary of Survey Findings and Analysis: Vendor Categories
      • 20.1.1 Vendor Satisfaction by Sub-Category and Customer
    • 20.2 Summary of Survey Findings and Analysis: Product Capabilities
      • 20.2.1 Product Capabilities Satisfaction by Sub-Category and Customer
    • 20.3 Summary of Survey Findings and Analysis: Product Effectiveness Categories
      • 20.3.1 Product Effectiveness Satisfaction by Sub-Category and Customer
    • 20.4 Customer Background and Insights
      • 20.4.1 Customer Background
      • 20.4.2 Top RPA Uses
      • 20.4.3 RPA Top Benefits
      • 20.4.4 Biggest Impact in the Contact Center
      • 20.4.5 Top Challenges of RPA
      • 20.4.6 Additional Comments
  21. Company Reports
    • 21.1 Jacada
    • 21.2 NICE
    • 21.3 OnviSource
    • 21.4 UiPath
    • 21.5 Verint Systems

Appendix: RPA Vendor Directory

Table of Figures

  • Figure 1: RPA Building Blocks
  • Figure 2: Attended vs. Unattended Automation
  • Figure 3: Three Pillars of AI
  • Figure 4: Technical Components Summary
  • Figure 5: High-Return Automation Opportunities
  • Figure 6: RPA Uses
  • Figure 7: RPA Market Trends
  • Figure 8: RPA Market Challenges
  • Figure 9: New Product Features, by Vendor
  • Figure 10: Future Enhancements, by Category
  • Figure 11: Impact of AI on Enterprise Employees
  • Figure 12: RPA Impact to Employees
  • Figure 13: Auto-Retrieval
  • Figure 14: Real-Time Guidance
  • Figure 15: Attended RPA
  • Figure 16: Data Propagation
  • Figure 17: Post-Call Wrap-Up
  • Figure 18: Unattended RPA
  • Figure 19: Robotic Process Automation Vendor Competitive Landscape
  • Figure 20: Company Information
  • Figure 21: RPA Product Offering
  • Figure 22: Verticalized/Packaged Solutions
  • Figure 23: RPA Market Activity, as of June 30, 2019
  • Figure 24: RPA Customers by Vendor, 2019 vs. 2018
  • Figure 25: RPA Market Growth Rate Projections Based on Revenue, 2020 – 2024
  • Figure 26: High-Level Technical Summary
  • Figure 27: Security and Compliance
  • Figure 28: High-Level Functional Analysis
  • Figure 29: Administration and Design Environment
  • Figure 30: Business Intelligence, Reporting and Dashboards
  • Figure 31: Implementation Analysis
  • Figure 32: RPA Benefits and ROI
  • Figure 33: RPA Pricing Structure
  • Figure 34: Customer Survey Rating Categories
  • Figure 35: Average Vendor Satisfaction Ratings, by Category
  • Figure 36: Product Satisfaction Ratings
  • Figure 37: Implementation Satisfaction Ratings
  • Figure 38: Training Satisfaction Ratings
  • Figure 39: Professional Services Satisfaction Ratings
  • Figure 40: Ongoing Service and Support Satisfaction Ratings
  • Figure 41: Product Innovation Satisfaction Ratings
  • Figure 42: Responsiveness to Product Enhancement Requests Satisfaction Ratings
  • Figure 43: Pricing Satisfaction Ratings
  • Figure 44: Vendor Communication Satisfaction Ratings
  • Figure 45: Overall Vendor Satisfaction Ratings
  • Figure 46: Average Product Capabilities Satisfaction Ratings, by Category
  • Figure 47: Design Tools’ Ease of Use and Configurability Satisfaction Ratings
  • Figure 48: Artificial intelligence (AI) and Machine Learning Satisfaction Ratings
  • Figure 49: Attended Automation Satisfaction Ratings
  • Figure 50: Unattended Automation Satisfaction Ratings
  • Figure 51: Exception Handling Capabilities Satisfaction Ratings
  • Figure 52: Alert Capabilities Satisfaction Ratings
  • Figure 53: Ease of Integration with Third-Party Applications Satisfaction Ratings
  • Figure 54: Dashboards, Reporting and Business Intelligence Satisfaction Ratings
  • Figure 55: Average Product Effectiveness Satisfaction Ratings, by Category
  • Figure 56: Ability to Increase Productivity and Efficiency Satisfaction Ratings
  • Figure 57: Ability to Improve Quality Satisfaction Ratings
  • Figure 58: Ability to Optimize and Streamline Processes Satisfaction Ratings
  • Figure 59: Ability to Reduce Staff Requirements Satisfaction Ratings
  • Figure 60: Ability to Reduce Operating Costs Satisfaction Ratings
  • Figure 61: Ability to Reduce Customer Effort Satisfaction Ratings
  • Figure 62: Ability to Reduce On-Boarding Time for Front- and Back-Office Staff Satisfaction Ratings
  • Figure 63: Ability to Manage Process Changes, Screen Field or UI Changes Satisfaction Ratings
  • Figure 64: In what business units/functions are RPAs deployed?
  • Figure 65: What are the top 3 ways you are using RPA?
  • Figure 66: What are the top 3 benefits you are realizing from your RPA solution?
  • Figure 67: What is the biggest impact this application has made in the contact center?
  • Figure 68: What are the top 3 challenges of your RPA solution?
  • Figure 69: Additional comments about your experience with the vendor and/or product.
+ Report Includes

Report includes:

  • Definition of RPA, including attended and unattended automation and a high-level overview of the underlying technical components
  • Examination of the top contact center and enterprise uses of RPA
  • Market trends and challenges that are driving interest, investments and innovation in this sector
  • RPA vendor innovation and near-term roadmap, including new product features and what is planned to be delivered in the next 12 – 18 months
  • Insightful discussion of the impact of RPA on the agent’s role and contact center staffing
  • Examination of how attended automation is being leveraged to reduce agent and customer effort and improve service quality and the customer experience
  • Review of how unattended RPA works in the background to automate some or all steps of a process or workflow
  • RPA competitive landscape, including the technology sectors that are developing RPA solutions and an overview of the RPA vendors and product offerings covered in the Report
  • RPA vendor market activity and 5-year projections
  • Detailed functional and technical side-by-side comparative analysis of the functional and technical capabilities of the 4 featured RPA solutions
  • Implementation analysis, including vendor methodology, best practices, professional services, training, maintenance and support
  • RPA benefits and return on investment (ROI) analysis
  • Review of RPA vendor pricing structures
  • Results of DMG’s comprehensive customer satisfaction survey, which ranks vendors based on customer satisfaction across 8 product components, 8 effectiveness categories and 10 vendor categories
  • Detailed company reports for the 5 RPA vendors covered in this Report, analyzing product functionality and near-term product roadmap deliverables
  • Comprehensive RPA Vendor Directory
+ Table of Contents
  1. Executive Summary
  2. DMG Consulting Research Methodology
    • 2.1 Report Participation Criteria
  3. Introduction
  4. Robotic Process Automation Defined
    • 4.1 RPA Building Blocks
    • 4.2 Attended and Unattended Automation
    • 4.3 RPA vs. IVA
    • 4.4 Technical Components of RPA Solutions
  5. RPA Uses
  6. RPA Market Trends
  7. RPA Market Challenges
  8. RPA Market Innovation
    • 8.1 New Product Features
    • 8.2 Future Enhancements
  9. Are AI and Automation the End of the Road for Agents?
  10. Help Wanted: Attended Automation for Agents and Customers
  11. Unattended Automation: A Silent Partner
  12. 12. RPA Competitive Landscape
    • 12.1 Company Snapshots
    • 12.2 RPA Product Information
    • 12.3 RPA Packaged/Verticalized Solutions
  13. RPA Market Activity Analysis
  14. 14. RPA Market Projections
  15. 15. High-Level Technical Analysis
    • 15.1 Security and Compliance
  16. RPA High-Level Functional Analysis
    • 16.1 Administration/Design and Development Environment
    • 16.2 Business Intelligence, Reporting and Dashboards
  17. 17. RPA Implementation Analysis
  18. 18. RPA Benefits and Return on Investment
  19. 19. RPA Pricing Structure
  20. 20. Vendor Satisfaction Analysis
    • 20.1 Summary of Survey Findings and Analysis: Vendor Categories
      • 20.1.1 Vendor Satisfaction by Sub-Category and Customer
    • 20.2 Summary of Survey Findings and Analysis: Product Capabilities
      • 20.2.1 Product Capabilities Satisfaction by Sub-Category and Customer
    • 20.3 Summary of Survey Findings and Analysis: Product Effectiveness Categories
      • 20.3.1 Product Effectiveness Satisfaction by Sub-Category and Customer
    • 20.4 Customer Background and Insights
      • 20.4.1 Customer Background
      • 20.4.2 Top RPA Uses
      • 20.4.3 RPA Top Benefits
      • 20.4.4 Biggest Impact in the Contact Center
      • 20.4.5 Top Challenges of RPA
      • 20.4.6 Additional Comments
  21. Company Reports
    • 21.1 Jacada
    • 21.2 NICE
    • 21.3 OnviSource
    • 21.4 UiPath
    • 21.5 Verint Systems

Appendix: RPA Vendor Directory

Table of Figures

  • Figure 1: RPA Building Blocks
  • Figure 2: Attended vs. Unattended Automation
  • Figure 3: Three Pillars of AI
  • Figure 4: Technical Components Summary
  • Figure 5: High-Return Automation Opportunities
  • Figure 6: RPA Uses
  • Figure 7: RPA Market Trends
  • Figure 8: RPA Market Challenges
  • Figure 9: New Product Features, by Vendor
  • Figure 10: Future Enhancements, by Category
  • Figure 11: Impact of AI on Enterprise Employees
  • Figure 12: RPA Impact to Employees
  • Figure 13: Auto-Retrieval
  • Figure 14: Real-Time Guidance
  • Figure 15: Attended RPA
  • Figure 16: Data Propagation
  • Figure 17: Post-Call Wrap-Up
  • Figure 18: Unattended RPA
  • Figure 19: Robotic Process Automation Vendor Competitive Landscape
  • Figure 20: Company Information
  • Figure 21: RPA Product Offering
  • Figure 22: Verticalized/Packaged Solutions
  • Figure 23: RPA Market Activity, as of June 30, 2019
  • Figure 24: RPA Customers by Vendor, 2019 vs. 2018
  • Figure 25: RPA Market Growth Rate Projections Based on Revenue, 2020 – 2024
  • Figure 26: High-Level Technical Summary
  • Figure 27: Security and Compliance
  • Figure 28: High-Level Functional Analysis
  • Figure 29: Administration and Design Environment
  • Figure 30: Business Intelligence, Reporting and Dashboards
  • Figure 31: Implementation Analysis
  • Figure 32: RPA Benefits and ROI
  • Figure 33: RPA Pricing Structure
  • Figure 34: Customer Survey Rating Categories
  • Figure 35: Average Vendor Satisfaction Ratings, by Category
  • Figure 36: Product Satisfaction Ratings
  • Figure 37: Implementation Satisfaction Ratings
  • Figure 38: Training Satisfaction Ratings
  • Figure 39: Professional Services Satisfaction Ratings
  • Figure 40: Ongoing Service and Support Satisfaction Ratings
  • Figure 41: Product Innovation Satisfaction Ratings
  • Figure 42: Responsiveness to Product Enhancement Requests Satisfaction Ratings
  • Figure 43: Pricing Satisfaction Ratings
  • Figure 44: Vendor Communication Satisfaction Ratings
  • Figure 45: Overall Vendor Satisfaction Ratings
  • Figure 46: Average Product Capabilities Satisfaction Ratings, by Category
  • Figure 47: Design Tools’ Ease of Use and Configurability Satisfaction Ratings
  • Figure 48: Artificial intelligence (AI) and Machine Learning Satisfaction Ratings
  • Figure 49: Attended Automation Satisfaction Ratings
  • Figure 50: Unattended Automation Satisfaction Ratings
  • Figure 51: Exception Handling Capabilities Satisfaction Ratings
  • Figure 52: Alert Capabilities Satisfaction Ratings
  • Figure 53: Ease of Integration with Third-Party Applications Satisfaction Ratings
  • Figure 54: Dashboards, Reporting and Business Intelligence Satisfaction Ratings
  • Figure 55: Average Product Effectiveness Satisfaction Ratings, by Category
  • Figure 56: Ability to Increase Productivity and Efficiency Satisfaction Ratings
  • Figure 57: Ability to Improve Quality Satisfaction Ratings
  • Figure 58: Ability to Optimize and Streamline Processes Satisfaction Ratings
  • Figure 59: Ability to Reduce Staff Requirements Satisfaction Ratings
  • Figure 60: Ability to Reduce Operating Costs Satisfaction Ratings
  • Figure 61: Ability to Reduce Customer Effort Satisfaction Ratings
  • Figure 62: Ability to Reduce On-Boarding Time for Front- and Back-Office Staff Satisfaction Ratings
  • Figure 63: Ability to Manage Process Changes, Screen Field or UI Changes Satisfaction Ratings
  • Figure 64: In what business units/functions are RPAs deployed?
  • Figure 65: What are the top 3 ways you are using RPA?
  • Figure 66: What are the top 3 benefits you are realizing from your RPA solution?
  • Figure 67: What is the biggest impact this application has made in the contact center?
  • Figure 68: What are the top 3 challenges of your RPA solution?
  • Figure 69: Additional comments about your experience with the vendor and/or product.
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