![]() In the latest report, Grand View Research forecasts the market to grow by 33.6% CAGR to reach a size of $10.2bn by 2027. The industry is still at an early stage of development and has enormous growth potential given its wide applications and benefits. The RPA market is one of the fastest-growing segments in global enterprise software, according to Gartner. Source: Created by author based on company annual report RPA market - fastest-growing segment in software Since its IPO in 2016, Blue Prism's revenue has grown by 120% CAGR and customers have increased from 153 to 1,677. After a period of testing with blue-chip customers, the company began scaling up since 2012. The company was founded in 2001 initially as an automation consultancy, before launching a commercial version of the software in 2008. Blue Prism currently serves more than 20% of the Forbes Global 2000 including Amazon ( AMZN), HSBC ( HSBC), Coca-Cola ( KO). Its software, which the company refers to as the "Digital Workforce," is able to interact with existing IT applications and can be trained to automate rule-based processes, manipulate data and trigger response. Company introductionīlue Prism is the market leader in Robotic Process Automation, which enables companies to automate routine back-office processes and improves productivity. Our target price suggests a 54% upside, which represents a good buying opportunity for long-term investors seeking growth. Blue Prism is serving 20% of the Forbes Global 2000 which provides steady revenue stream and upselling opportunities. In contrast to its main peers, UiPath and Automate Anywhere, which have completed funding rounds in 2019 with eye-watering valuation, we believe Blue Prism offers a more attractive proposition with essentially the same exposure to the rapidly-growing RPA market.Īlthough the company is yet to make a profit, we believe it is on track to become profitable in the near term after a period of heavy investments, particularly in sales and marketing. It is currently at an early stage of development with enormous growth potential as companies begin to realize its wide applications and benefits. ![]() The market is predicted to grow by 33.6% 2020-2027 CAGR according to Grand View Research. Blue Prism ( OTCPK:BPRMF) offers a unique opportunity for investors to tap into the Robotic Process Automation (RPA) market, one of the fastest-growing enterprise software segments globally. ![]()
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