That depends on your company’s automation needs. So it is impossible to answer this one objectively  but we will answer a few similar questions:

Which is the best funded RPA software provider?

This is a good proxy for success as investors are looking carefully at the RPA space and are betting on companies’ success with their money. So the best funded vendor should be the one that stands to profit most in the long run.

So we looked at the RPA software providers with top funding:

UiPath: $180M with $153M raised in Mar/2018

BluePrism: $155M with $55M from previous investors and $100M from their post-IPO placing.

WorkFusion: $170M as confirmed by the CFO with $50M raised in May/2018

AutomationAnywhere is another major player but we have not reached their financing information.

Disclaimers: This is a very high level exercise with some shortcomings:
We should ideally be looking at valuation because by giving away more of your company, you can raise more than your competitors even when markets favor your competitors. However, since most RPA vendors are private companies, valuation data is not public so we looked at funding amounts assuming all these major companies gave away similar percentages of ownership
This exercise favors older companies as they had more time to raise and burn funding. Except WorkFusion, these companies are of similar age so should not be a major issue.

Which vendor is more popular (searched more on Google)?

The issue here is that we get conflicting data from Google Trends and Google Keyword Planner. If you know how to resolve this discrepancy, please leave a comment.

UiPath leads Google Trends results by a wide margin after 2016

No clear winners before 2016:

No RPA company leads Google Trends results between 2010-2015
Source: Google Trends

However, UiPath takes off after 2016:

UiPath leads the pack after 2016
Source: Google Trends

However Blue Prism and Automation Anywhere lead according to Google Keyword Planner

# of search queries with the brand name for top RPA software providers:

  • Blue Prism: 8,100
  • Automation Anywhere: 6,600
  • UiPath: 2900
  • WorkFusion: 2900

So which company leads the pack?

Until we sort out the discrepancy in Google’s results, it is difficult to say. However, UiPath leads the pack in terms of funding and is one of the late entrants into the market so we can say that it has the greatest momentum currently. However, RPA is an emerging market and market dynamics can change quickly.

5 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

*
*