Blue Prism Technology Services Market Plying for Significant Growth During 2018 to 2028

Posted on 2019-08-06 by Mark Hub in Industrial // 0 Comments

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.

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.

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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.

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.

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.

Competitive Landscape

Fact.MR report provides readers with detailed information about Blue Prism Competitors, 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.

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