Robotic Process Automation Market to Reach $8.12 Billion by 2026 with 28.66% CAGR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Market Growth Potential: The robotic process automation market is projected to grow from $8.12 billion in 2026 to $28.6 billion by 2031, with a robust CAGR of 28.66%, indicating strong market demand and investment appeal.
- Regional Market Performance: In 2024, North America held a 39.6% market share, driven by compliance mandates and mature tech ecosystems, while the Asia-Pacific region is experiencing the fastest growth at a 34.5% CAGR, reflecting government support and active adoption by SMEs.
- Cloud-Native Solutions: The adoption of cloud-native RPA platforms is accelerating, with providers like UiPath enabling SMEs to rapidly deploy secure bots, significantly enhancing process efficiencies while reducing infrastructure needs.
- Technology Innovation Drive: The integration of generative AI into RPA platforms is expanding business capabilities, enabling the automation of unstructured processes, thereby enhancing operational efficiency and competitive positioning for enterprises.
Analyst Views on PATH
Wall Street analysts forecast PATH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PATH is 16.54 USD with a low forecast of 14.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
2 Buy
15 Hold
1 Sell
Hold
Current: 14.790
Low
14.00
Averages
16.54
High
19.00
Current: 14.790
Low
14.00
Averages
16.54
High
19.00
About PATH
UiPath, Inc. is an enterprise automation and artificial intelligence (AI) software company. The Company is focused on building and managing automations, starting with computer vision technology and user interface automations in its initial robotic process automation (RPA) offering. Its AI-powered UiPath Platform offers a robust set of capabilities that allows its customers to discover opportunities for automation, automate using a digital workforce that seamlessly collaborates with humans, and operate a mission critical automation program at scale. It enables employees to quickly build automations for both existing and new processes and to automate an array of actions, including logging into applications, extracting information from documents, moving folders, filling in forms, reading emails, and updating information fields and databases. Its platform allows users to design and combine UI automations, API integrations, and AI-based document understanding in a single workflow.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
