Blue Prism Competitors: An In-Depth Analysis of the Market Landscape

Despite being one of the prominent players in the Robotic Process Automation (RPA) space, Blue Prism is not the only name in town. This article provides a comprehensive overview of the top competitors in the market. We will explore the latest developments, market share, and unique features of Blue Prism and its competitors.

Overview of Key Competitors

The largest competitors in the RPA market include:

UIPath Automation Anywhere Softomotive Workfusion Pegasystems

These tools have garnered a substantial customer base due to their robust features and comprehensive solutions.

Blue Prism's Recent Acquisition: Thoughtonomy

Blue Prism announced its acquisition of Thoughtonomy, a company that specializes in cloud-based AI engines. This acquisition aims to expand Blue Prism's RPA platform with more AI capabilities, positioning it as a leader in cognitive technology. The acquisition is valued at up to $100 million and will significantly enhance Blue Prism's AI offerings.

According to TechCrunch, the acquisition will:

Strengthen Blue Prism's cognitive RPA capabilities Offer more advanced AI-driven solutions to customers Potentially transform Blue Prism into a leader in cognitive technology

In terms of cognitive RPA implementation, customers tend to favor Workfusion or Automation Anywhere, as both companies have machine learning integrated into their products.

Other RPA Space Entrants

Several other companies are also making waves in the RPA space, including:

Kofax Another Monday Linx HelpSystems Automai Openconnect

For a more detailed analysis of these tools, you might want to refer to the 2020 Best RPA Robotics Process Automation Tools.

Evaluation of Competitors in the BPM Space

While some argue that Business Process Management (BPM) tools like Appian are competitors, they serve different purposes and do not directly compete with RPA tools. However, when combined with RPA, BPM can offer a comprehensive suite of workflow management tools. Appian is a leading BPM tool that excels in building workflows, and integrating RPA can provide excellent solutions.

Here's a summary of the top 10 competitors of Blue Prism:

Pega: Efficiency Leaders Salesforce Oracle Appian Comarch Zendesk Bizagi Verint HighRoads

Together, these companies have raised over $1.4 billion and employ an estimated 191,900 individuals. Blue Prism stands out with its 187 employees and is ranked 9th among its top 10 competitors.

Conclusion

The RPA market is a dynamic space with numerous players vying for market share. Blue Prism continues to strengthen its position with the acquisition of Thoughtonomy, but it faces significant competition from other established players. As technology continues to evolve, it will be interesting to see how these companies adapt and innovate to meet the changing needs of their customers.