InsurTech Magazine May 2022 | Page 69

MISSION STATEMENTS
DIGITAL TRANSFORMATION
MISSION STATEMENTS
According to Grand View Research , the global RPA market is expected to grow at a compound annual growth rate of 32.8 % from 2021 to 2028 to reach US $ 13.74bn by 2028 .
UiPath UiPath was named a Leader in the IDC MarketScape : Worldwide Cloud Testing 2022 Vendor Assessment – Empowering Business Velocity . The report , which included UiPath for the first time among traditional software quality tools , examined cloud testing adoption trends and their influence on organisational success through the development of secure , highquality software .
Blue Prism This year , Blue Prism was acquired by SS & C for approximately US $ 1.6bn . The acquisition enhances SS & C ' s position as a leading provider of software and services to the financial services and healthcare industries with deep expertise in intelligent automation and RPA . The new brand , SS & C Blue Prism , will run as a business unit and report to Mike Megaw , Managing Director , Business Process Automation .
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