Automation Industry To See Business Growth In India In 2021
The growth of technology is inevitable. And in this exponential rise, automation startups, which help companies cut costs and improve user experience, are expected to gain momentum in India and world over in 2021.
As per a recent survey by Forrester Consulting on behalf of UiPath, 48% of the businesses globally plan to increase RPA (robotic process automation) spend over the next year.
Also, according to the survey, the world saw a more digital transformation in the past few months than in the preceding five years. Intelligent automation technologies, including RPA, are accelerating this surge, as per the survey.
Mumbai-based Fractal Analytics, an artificial intelligence company, has seen a steep rise in business.
The company expects to clock $34 million ( ₹250 crores) of revenue in the January-March quarter, translating to a revenue run rate of ₹1,000 crores for FY21.[Read: Top 10 Collaboration Tools For Remote Teams]
Talking about the growth, Srikanth Velamakanni, Co-founder of Fractal, said,
“As the world economy revives next year and digital transformation accelerates, we expect significant growth of about 35% year-on-year during FY22.”
Vuram, a Chennai-headquartered hyper-automation services company, expects to see further growth in 2021 as customers continue to prioritise their digital transformation initiatives.
Raghav Sriram, VP, Global Sales and Customer Success at Vuram, said,
“We expect investments from financial services. Any business with cashflow is going to continue to invest the money back into technology to improve their margins and efficiencies.”
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