Robotic process automation [RPA] vendor WorkFusion is looking to capitalize on the strong momentum in the sector, with a major new product release and a favorable new analyst report.
New York City-based WorkFusion is one of the top players in the RPA space, which is booming. A new report from Zinnow on the RPA market reported that the total worldwide addressable market is $50 billion, with enterprise spend predicted to grow at a 37 per cent rate. Forrester Research, one of the analyst firms who specialize in the area, scored WorkFusion as a strong performer in their 2018 report, behind UIPath, Automation Anywhere, and Blue Prism. WorkFusion also scores very highly in a 2019 report by Everest Group, another analyst firm with a strong focus on RPA. The Everest Group report on a sub-space, Intelligent Document Processing [IDP], defined as a software solution that captures data from documents and categorizes and extracts relevant data for AI processing, ranked WorkFusion in the leader section, with the highest score in vision and capability.
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