UiPath leads the robotic process automation (RPA) space, accumulating an impressive 35.8 percent market share.
The statistic comes from Gartner’s latest global Market Share Analysis study into the RPA field.
According to the study, UiPath dwarfs its closest competitors, with no other tech provider holding more than a ten percent share.
Indeed, its rival vendors - Automation Anywhere (9.7 percent), SS&C Blue Prism (8.7 percent), and Microsoft (3.3 percent) - seemingly have significant ground to make up.
The following chart from the Gartner report underlines this – showcasing that UiPath’s market share is over ten times the size of Microsoft’s.
Yet, perhaps the most striking takeaway from this graphic relates to UiPath’s rapid rise. Indeed, the vendor only accounted for 1.6 percent of the market in 2016.
While its growth curve may have slowed over the past three years, UiPath has cemented its market dominance, with Gartner noting this is the fourth consecutive year it has topped the charts.
Inside the report, the research firm also stated:
UiPath is a dominant player owing to its strong performance, global brand recognition, a customer and partner ecosystem of more than 2.5 million members, and its market-influencing narrative about AI-powered automation.
Gartner also named UiPath a "leader" in its most recent Gartner Magic Quadrant for RPA.
In that study, Gartner highlighted the provider’s RPA-specific partner integrations, product strategy, and proven ability to execute as considerable strengths.
Many prominent RPA practitioners and thought leaders will agree with this sentiment. That includes Wayne Butterfield, Global Lead for Augmented Intelligence at ISG, who exclusively shares his perspectives on the market share research below.
An Analyst’s Perspective
Butterfield believes the suite of complementary capabilities that UiPath couples with its “solid” RPA product drives the vendor’s market leadership.
These capabilities widen the scope for automation, “ensuring the ceiling that many end clients hit with RPA alone lifted further,” he suggests.
To achieve this, UiPath delved deep into adjacent fields, such as Optical Character Recognition (OCR) and Process Mining, opening up many new opportunities for customers.
Alongside this, the provider has more than 5,000 partners and resellers globally. Underlining the significance of this ecosystem, Butterfield says:
