Blue Prism Technology Services Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2017 to 2028

Published on : Oct-2018 | List of Tables : 24 | List of Figures : 132 | No. of Pages : 170 | Report Code : FACT2239MR |

Key Insights

Blue Prism Technology Remains Highly Preferred amidst Emergence of Competitive RPA Solutions

Growing adoption of Robotic Process Automation (RPA) in back-office processes can be traced to its inception. According to Blue Prism Group Plc., a pioneer of RPA, till the first half of FY2018, over 1,000 organizations have used the platform.

Amidst the emergence of several new competitive technologies in the RPA market, adoption rate of the Blue Prism technology is on the rise. Blue Prism’s consistent development in terms of ecosystem expansion, continued product differentiation and talent acquisition are driving new users to the platform. Increasing success stories of faster deployment and increased return on investment are also driving the adoption among key end-users.

Initially limited to automation of repetitive processes in the back-office, integration of AI and cognitive technologies in the Blue Prism Technology are delivering next-generation RPA solutions to clients, in turn, strengthening the presence in the RPA market.

blue prism technology services market 0

Leading Blue Prism Technology Service Vendors Establish Strategic Alliances to Accelerate Growth

RPA solutions witness huge demand among global enterprises across industries, which is making a significant impact on the vital business strategies of Blue Prism technology service vendors. A palpable shift towards introducing RPA solutions is mainly attributed to growing awareness among end-users about extraordinary benefits of adopting RPA solutions. Leading players in the Blue Prism technology services market are collaborating with other vendors to leverage the growing demand for advanced RPA solutions, accelerate businesses and scale rapidly in the Blue Prism technology services market.

Blue Prism Group Plc., a UK based Blue Prism technology service provider, has collaborated with market leaders such as Accenture Plc., Deloitte Touche Tohmatsu Limited, and Avanade Inc., to introduce cutting-edge RPA tools by implementing Blue Prism technology services. The Blue Prism technology service company has also collaborated with Google Cloud to introduce RPA tools with pre-built integrations to Google Cloud Storage services such as BigQuery and Cloud ML Engine.

Needs for RPA Solutions Boost Adoption of Blue Prism Technology Services

As a mounting number of end-user businesses coupling RPA tools that are integrated with AI and cognitive services, players in the Blue Prism services are focusing on targeting specific end-user industries to envisage rapid growth. Addressing the industry-specific end-user requirements while developing various Blue Prism technology services is emerging as a popular trend in the Blue Prism technology services market.

blue prism technology services market 1

Recently, the University of Manchester partnered with a Blue Prism Group Plc. to launch Blue Prism’s Global Academia Program that uses Blue Prism technology services to help computer science students to build RPA projects at global scale. Furthermore, growing needs for RPA solutions in the banking and finance sector is encouraging companies, such as Accenture plc., to develop Blue Prism technology services suiting end-user needs for digital finance applications.

Middle-market Companies Adopt Blue Prism Technology Services as a Lever to Scale Up

New avenues of growth opened by the global value chains (GVCs) and digital industrial transformation is spawning a huge population of small and middle-sized enterprises (SMEs) that employ automation technologies, such as Blue Prism technology services. Increasing participation of SMEs in diverse industrial sectors is facilitating spillovers of Blue Prism technology services to improve productivity and reduce costs.

Additionally, governmental organizations, such as Organisation for Economic Co-operation and Development (OECD), are focusing on the growth of SMEs by making business innovations, such as Blue Prism technology services, more accessible to SMEs. As Blue Prism technology services help SMEs to improve productivity, reduce costs, and seize lucrative entrepreneurial opportunities, its adoption is likely to increase with the rapidly multiplying number of SMEs across the world.

Threats from Cheaper and Less Complex Alternatives Hamper Adoption

Factors, such as ease of use, license and maintenance costs, and cognitive capability, influence end-user organizations’ decisions to purchase automation tools such as Blue Prism technology services. Growing awareness about the distinctive features of popular alternatives to Blue Prism technology services, such as 'Automation Anywhere, is making a negative impact on the growth of the Blue Prism technology services market.

Automation Anywhere remains one of the most sought-after choice of RPA tool for SMEs as it is much cheaper and easier to use than Blue Prism technology services. Furthermore, the cognitive IQ Bot technology incorporated in Automation Anywhere enables end-users provides end-users with RPA tools amalgamated with more advanced cognitive capabilities, which hampers adoption of Blue Prism technology services, impacting the market growth.

Growing Adoption of Industrial Automation Technologies Complements Market Growth

The importance of incorporating automation in various industrial procedures has increased dramatically, as process automation solutions, such as Blue Prism technology services, aid in enhancing business productivity and efficiency. Increasing adoption of industrial automation in developing countries to improve mass production across a wide range of industries remains a major driving force for the growth of the Blue Prism technology services market.

Growing incorporation of RPA tools in new application industries, such as Banking, Financial Services & Insurance (BSFI) and healthcare & life science, are influencing vital strategies of stakeholders in the Blue Prism technology services market. End-user businesses that are willing make long-term investments in industrial automation are expected to provide a major boost for the growth of the Blue Prism technology services market in the upcoming years.

Note: For full coverage of the competitive landscape, get in touch with our experts.

Competitive Landscape

Fact.MR report provides readers with detailed information about leading vendors in the Blue Prism technology services market, such as Blue Prism Group Plc., Accenture Plc., Deloitte Touche Tohmatsu Limited, Ernst & Young LLP, Avanade Inc., Agilify Automation, Virtual Operations Ltd., Neoops Inc., Dirwa, and Quanton Limited.

blue prism technology services market 2

The report feature critical information including Blue Prism technology service company overview, key financials, product offerings, region-wise presence of the company, and SWOT analysis of each Blue Prism technology service vendors, to help readers to track the strategic developments of their competitors in the Blue Prism technology services market.

Key Developments

Blue Prism Group plc. recently established a strategic collaboration with Microsoft to provide its customers complete access to not only Microsoft’s expertise and advice, but also Microsoft’s next generation AI technologies. The company is planning to deliver exclusive Blue Prism technology services to its customers to help them incorporate intelligent automation and integrate digital workforce with cognitive solutions.

The company also partnered with leading independent software vendors (ISV), such as TimelinePI, Ephesoft Inc., and XpertRule, to expand the ecosystem of its best-in-class Blue Prism technology service providers including Robotic Process Automation (RPA). Another player in the Blue Prism technology services market – Accenture plc. also announced to have expanded the capabilities of Accenture myWizard, Accenture’s intelligent automation platform that integrates AI solutions and tools, including Blue Prism technology services.

Other vendors in the Blue Prism technology services market, such as Deloitte Touche Tohmatsu Limited and Ernst & Young LLP, are putting their efforts into establishing their expertise in Blue Prism technology by acquiring various certifications. Unprecedented growth of the Blue Prism technology services market is attracting a mounting number of vendors to enter the market, making it a highly competitive and fragmented marketplace.

Note: For full coverage of the competitive landscape, get in touch with our experts.

Definition

Blue Prism technology services are developed using Blue Prism technology developed using Microsoft’s .NET Framework. Blue Prism technology services, such as advisory services, training services, and implementation services, can automate various industrial applications. Blue Prism technology services are compatible with various platforms, such as windows and JAVA, and are suitable for a multi-environment deployment model.

About the Report

The Fact.MR study concentrates on providing crucial dynamics of the Blue Prism technology services market to help readers to understand the current and future prospects of the market. Qualitative information and estimates about the future growth of the market included in the report are verified with accurate quantitative growth parameters of the Blue Prism technology services market.

Segmentation

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).

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.

Additional Questions Answered

The report answers critical Blue Prism technology services market-related questions, which can help them to plan appropriate business strategies in the upcoming years. The Fact.MR report on Blue Prism technology services market helps readers to comprehend the growth prospects of the market and make appropriate decisions to gain an edge in the Blue Prism technology services market. Some of the questions about the Blue Prism technology services market that are answered in the report include:

  • Which factors are driving growth of the Blue Prism technology services market markets in developed countries?
  • What are the major strategic developments that are aiding Blue Prism technology services market leaders to envisage rapid growth in the market?
  • Which end-user industry accounts for the largest share in the Blue Prism technology services market?
  • What are the factors restricting the expansion of the Blue Prism technology services market?
  • What are the winning and losing components for various market segments that are impacting the Blue Prism technology services market growth?

Research Methodology

A holistic approach is adopted by analysts at Fact.MR while conducting a thorough research on the growth of the Blue Prism technology services market during 2018-2028.

These conclusions are obtained at the end of detailed secondary and primary research on the Blue Prism technology services market. In-depth secondary research helps analysts to fathom the historical and recent data about the Blue Prism technology services market. Secondary research is followed by primary research, where analysts interview all the leading players in the Blue Prism technology services market.

blue prism technology services market 3

Conclusions featured in the report about the expansion of the Blue Prism technology services market are accurate and unique. Fact.MR ensures the accuracy and reliability of all the information associated with the development of the Blue Prism technology services market during the forecast period.

Request methodology of this report.

Blue Prism Technology Services Market: An In-depth Assessment of Unique Growth Opportunities for Stakeholders to Gain an Edge

In its recent market study, “Blue Prism Technology Services Market Forecast, Trend Analysis, and Competition Tracking – Global Review 2017-2028” by Fact.MR investigates growth prospects of the market during the forecast period 2018-2028.

The report includes detailed information gathered on assessing the recent industry-validated data, as well as facts and numbers obtained through an in-depth market research. With the help of indicators of growth such as CAGR, Y-o-Y growth, value chain analysis, and supply chain analysis, the report helps readers to understand the future prospects of the global Blue Prism technology services market.

The report features important information about the growth of the Blue Prism technology services market during 2018-2028 in a seamless format for the better understanding of readers.

Chapter 1 – Executive Summary – Global Blue Prism Technology Services Market

The report commences with the executive summary that provides an overview of the global outlook of the Blue Prism technology services market. This chapter provides basic information about the leading segments and regional outlook of growth prospects of the Blue Prism technology services market. It also provides readers with key insights on the growth opportunities for Blue Prism technology service vendors.

Chapter 2 – Market Overview

This chapter introduces readers to the Blue Prism technology services market and its growth parameters with the definition of Blue Prism technology services and market structure.

Chapter 3 – Market Dynamics

In this chapter, readers can find detailed information about the growth drivers, industry challenges, and market trends that are redefining the growth prospects of the Blue Prism technology services market. This can help vendors of Blue Prism technology services to adopt appropriate strategies to pave their way through the current parameters of the Blue Prism technology services market.

Chapter 4 – Associated Industry and Key Indicator Assessment

This chapter provides detailed information about the growth parameters of the IT services market and other micro and macroeconomic factors that are impacting the growth of the Blue Prism technology services market. Important facts about Blue Prism technology, various surveys, and information about Robotic Process Automation (RPA) are featured in this chapter, to help readers to understand the impact of associated industries on the growth of the Blue Prism technology services market.

Chapter 5 – Global Blue Prism Technology Services Market Analysis and Forecast

This chapter in the report focuses on the overall growth of the Blue Prism technology services market along with the growth of the market based on its main segments, such as region, services, enterprise size, and industry.

Based on region, the Blue Prism technology services market is segmented into North America, Latin America, Europe and Middle East & Africa (EMEA), and Asia Pacific (APAC). According to the enterprise size, the Blue Prism technology services market is segmented into SMEs and large enterprises.

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.

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.

Chapter 6 – North America Blue Prism Technology Services Market Analysis

This chapter focuses on the North America Blue Prism technology services market to analyze the adoption of Blue Prism technology services in the United States and Canada during the period 2018-2028. This chapter also includes detailed assessment of the North American market for Blue Prism technology services based on the service types, enterprise size, and end-user industries in the Blue Prism technology services market in the region.

Chapter 7 – Latin America Blue Prism Technology Services Market Analysis

In this chapter, readers can find thorough information on how Blue Prism technology services market will grow in Latin American region during 2018-2028. This chapter features market value assessment by country, which includes Brazil, Mexico, Argentina, and rest of Latin America, by service types, enterprise size, and end-user industries in Latin American market for Blue Prism technology services.

Chapter 8 – EMEA Blue Prism Technology Services Market Analysis

The information featured in this chapter can help readers to understand growth prospects of the market for Blue Prism technology services in Europe and Middle East & African region. It includes important factors instrumental in boosting or hampering adoption of Blue Prism technology services in leading countries in the region, such as EU-4, U.K., Eastern European countries, GCC countries, and South Africa. This chapter also explains growth parameters of the EMEA Blue Prism technology services market based on service types, enterprise size, and end-user industries of Blue Prism technology services.

Chapter 9 – APAC Blue Prism Technology Services Market Analysis and Forecast

This chapter focuses on the development of the market for Blue Prism technology services in Asia Pacific region by assessing the adoption of Blue Prism technology services in Asian countries, including Greater China, Japan, India, ASEAN countries, New Zealand, and Australia, according to its service types, enterprise size, and end-user industries.

Chapter 10 – Competitive Assessment

This chapter provides thorough information about the competitive landscape in the Blue Prism technology services market with the help of detailed information about leading market players. Readers can also find information about market structure, company share analysis, and competitive developments in the Blue Prism technology services market, in this chapter.

blue prism technology services market 4

Chapter 11 – Company Profiles

Leading vendors in the Blue Prism technology services market that are features in the report include Blue Prism Group Plc., Accenture Plc., Deloitte Touche Tohmatsu Limited, Ernst & Young LLP, Avanade Inc., Agilify Automation, Virtual Operations Ltd., Neoops Inc., Dirwa, and Quanton Limited.

Chapter 12 – Global Blue Prism Technology Services Market-Key Takeaways

Key insights about growth of the Blue Prism technology services market are drawn from the extensive information included in the report and are presented in this chapter.

Chapter 13 – Assumptions and Acronyms Used

This chapter enlists all the assumptions and acronyms used in the report that readers must consider to understand the information mentioned in the report.

1. Executive Summary – Global Blue Prism Technology Services Market
     1.1. Market Summary
     1.2. FACT.MR Analysis and Recommendations
     1.3. Market White Spaces - Opportunity Assessment

2. Market Overview
A definition of Blue Prism Technology Services and related market taxonomy
     2.1. Market Introduction
     2.2. Market Definition
     2.3. Market Taxonomy

3. Market Dynamics
     3.1. Growth Drivers
     3.2. Industry Challenges
     3.3. Market trends

4. Associated Industry and Key Indicator Assessment
A comprehensive analysis on the interplay of key factors influencing the global Blue Prism Technology Services market
     4.1. IT Services Market By Region
     4.2. Forecast Factors and Relevance of Impact
     4.3. Macro - Economic factors influencing demand
     4.4. Scenario Forecast (Demand in optimistic, likely and conservative market conditions)
     4.5. Wheel of Fortune Opportunity Analysis
     4.6. Market Evolution
     4.7. Robotic Process Automation: The Gap Filled
     4.8. Blue Prism Facts
     4.9. Survey
     4.10. Market Extraction

5. Global Blue Prism Technology Services Market Analysis and Forecast
     5.1. Global Blue Prism Technology Services Market Outlook
            5.1.1. Market Value Forecast and Analysis
     5.2. Global Blue Prism Technology Services Market Outlook By Region
            5.2.1. Region Wise Assessment
                     5.2.1.1. North America Market Value Share
                     5.2.1.2. Latin America Market Value Share
                     5.2.1.3. EMEA Market Value Share
                     5.2.1.4. APAC Market Value Share
     5.3. Global Blue Prism Technology Services Market Analysis By Service
            5.3.1. Advisory Services
            5.3.2. Training Services
            5.3.3. Maintenance & Support Services
            5.3.4. Implementation Services
     5.4. Global Blue Prism Technology Services Market Analysis By Enterprise Size
            5.4.1. SMBs
            5.4.2. Large Enterprises
     5.5. Global Blue Prism Technology Services Market Analysis By Industry
            5.5.1. IT & Telecom
            5.5.2. Healthcare and Life Sciences
            5.5.3. BFSI
            5.5.4. Travel, Transportation and Logistics
            5.5.5. Utilities & Energy
            5.5.6. Others

6. North America Blue Prism Technology Services Market Analysis
     6.1. Introduction
            6.1.1. North America Blue Prism Technology Services Market Outlook
     6.2. North America Blue Prism Technology Services Market Outlook By Country
            6.2.1. Country Wise Assessment
                     6.2.1.1. US Market Value Share
                     6.2.1.2. Canada Market Value Share
     6.3. North America Blue Prism Technology Services Market Analysis By Service
            6.3.1. Market Value (US$ Mn) Forecast and Analysis By Service
            6.3.2. Y-o-Y Growth Comparison By Service
     6.4. North America Blue Prism Technology Services Market Analysis By Enterprise Size
            6.4.1. Market Value (US$ Mn) Forecast and Analysis By Enterprise Size
            6.4.2. Y-o-Y Growth Comparison By Enterprise Size
     6.5. North America Blue Prism Technology Services Market Analysis By Industry
            6.5.1. Market Value (US$ Mn) Forecast and Analysis By Industry
            6.5.2. Y-o-Y Growth Comparison By Industry
     6.6. List of Prominent Market Participants By Region
     6.7. Impact Assessment of Market Forces

7. Latin America Blue Prism Technology Services Market Analysis
     7.1. Introduction
            7.1.1. Latin America Blue Prism Technology Services Market Outlook
     7.2. Latin America Blue Prism Technology Services Market Outlook By Country
            7.2.1. Country Wise Assessment
                     7.2.1.1. Brazil Market Value Share
                     7.2.1.2. Mexico Market Value Share
                     7.2.1.3. Argentina Market Value Share
                     7.2.1.1. Rest of LATAM Market Value Share
     7.3. Latin America Blue Prism Technology Services Market Analysis By Service
            7.3.1. Market Value (US$ Mn) Forecast and Analysis By Service
            7.3.2. Y-o-Y Growth Comparison By Service
     7.4. Latin America Blue Prism Technology Services Market Analysis By Enterprise Size
            7.4.1. Market Value (US$ Mn) Forecast and Analysis By Enterprise Size
            7.4.2. Y-o-Y Growth Comparison By Enterprise Size
     7.5. Latin America Blue Prism Technology Services Market Analysis By Industry
            7.5.1. Market Value (US$ Mn) Forecast and Analysis By Industry
            7.5.2. Y-o-Y Growth Comparison By Industry
     7.6. List of Prominent Market Participants By Region
     7.7. Impact Assessment of Market Forces

8. EMEA Blue Prism Technology Services Market Analysis
     8.1. Introduction
            8.1.1. EMEA Blue Prism Technology Services Market Outlook
     8.2. EMEA Blue Prism Technology Services Market Outlook By Country
            8.2.1. Country Wise Assessment
                     8.2.1.1. EU -4 Market Value Share
                     8.2.1.2. UK Market Value Share
                     8.2.1.3. Eastern Europe Market Value Share
                     8.2.1.4. GCC Countries Market Value Share
                     8.2.1.5. South Africa Market Value Share
                     8.2.1.6. Rest of EMEA Market Value Share
     8.3. EMEA Blue Prism Technology Services Market Analysis By Service
            8.3.1. Market Value (US$ Mn) Forecast and Analysis By Service
            8.3.2. Y-o-Y Growth Comparison By Service
     8.4. EMEA Blue Prism Technology Services Market Analysis By Enterprise Size
            8.4.1. Market Value (US$ Mn) Forecast and Analysis By Enterprise Size
            8.4.2. Y-o-Y Growth Comparison By Enterprise Size
     8.5. EMEA Blue Prism Technology Services Market Analysis By Industry
            8.5.1. Market Value (US$ Mn) Forecast and Analysis By Industry
            8.5.2. Y-o-Y Growth Comparison By Industry
     8.6. List of Prominent Market Participants By Region
     8.7. Impact Assessment of Market Forces

9. APAC Blue Prism Technology Services Market Analysis and Forecast
     9.1. Introduction
            9.1.1. APAC Blue Prism Technology Services Market Outlook
     9.2. APAC Blue Prism Technology Services Market Outlook By Country
            9.2.1. Country Wise Assessment
                     9.2.1.1. Greater China Market Value Share
                     9.2.1.2. Japan Market Value Share
                     9.2.1.3. India Market Value Share
                     9.2.1.4. ASEAN Market Value Share
                     9.2.1.5. Australia and New Zealand Market Value Share
                     9.2.1.6. Rest of APAC Market Value Share
     9.3. APAC Blue Prism Technology Services Market Analysis By Service
            9.3.1. Market Value (US$ Mn) Forecast and Analysis By Service
            9.3.2. Y-o-Y Growth Comparison By Service
     9.4. APAC Blue Prism Technology Services Market Analysis By Enterprise Size
            9.4.1. Market Value (US$ Mn) Forecast and Analysis By Enterprise Size
            9.4.2. Y-o-Y Growth Comparison By Enterprise Size
     9.5. APAC Blue Prism Technology Services Market Analysis By Industry
            9.5.1. Market Value (US$ Mn) Forecast and Analysis By Industry
            9.5.2. Y-o-Y Growth Comparison By Industry
     9.6. List of Prominent Market Participants By Region
     9.7. Impact Assessment of Market Forces

10. Competitive Assessment
     10.1. Global Blue Prism Technology Services Market Competition - a Dashboard View
     10.2. Market Structure
     10.3. Company Share Analysis
     10.4. Competition Development

11. Company Profiles
     11.1. Blue Prism Group plc.
            11.1.1. Company Overview
            11.1.2. Product Offering
            11.1.3. Key Financials*
            11.1.4. Presence Across Globe, 2017
            11.1.5. Region Wise Share of Target Product – Company Benchmark
            11.1.6. SWOT Analysis
     11.2. Accenture Plc.
     11.3. Deloitte Touche Tohmatsu Limited
     11.4. Ernst & Young LLP
     11.5. Avanade Inc.
     11.6. Agilify Automation
     11.7. Virtual Operations Ltd.
     11.8. Neoops Inc.
     11.9. Dirwa
     11.10. Quanton Limited

12. Global Blue Prism Technology Services Market-Key Takeaways

13. Assumptions and Acronyms Used
A glossary of assumption and acronyms used in the report

Fact.MR offers custom research services that help clients to get specific research solutions

We are committed towards customer satisfaction and quality service.


Our Clients

Our Clients

Blue Prism Technology Services Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2017 to 2028