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What Is The Best RPA Software in 2024?

We frequently get the question: “What’s the best RPA software?”. We are not a big fan of this question, as the best software for your company depends on your company’s automation needs. But we will address that question by comparing the top RPA software providers.

Please note that we are not updating this in real time. You can see an up-to-date chart that is based on these criteria, along with a list of RPA vendors and their relevant information, on our RPA vendors list.

Which is the best-funded RPA software provider?

UiPath is the most likely candidate but the question is not possible to answer perfectly. This is because public companies like IBM offering products in multiple markets are part of the RPA market. So it is not possible to allocate their funding to their different products using public data.

Funding is a good proxy for success, as investors are looking carefully at the RPA ecosystem and are betting on companies’ success with their money. So the best-funded vendor can be the most successful one in the long run.

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

IBM

Sponsored:

IBM is one of the few companies with a single platform for both business and IT automation and has solution capabilities that range from robotic process automation (RPA), to process mining, and virtualization.
The following diagram provides an overview of Cloud Pak for Business Automation, IBM’s AI-enabled solution integrating RPA, process mining, and NLP capabilities. 

ibm rpa solution architecture
Source: IBM

UiPath

$2+B including:

Automation Anywhere

$850+M including:

WorkFusion

$340+M including:

  • $220M raised in March/2021
  • $50M raised in April/2018

BluePrism

$155M with $55M from previous investors and $100M from their post-IPO placing. BluePrism was sold for $1.5bn in September 2021 to Vista Private Equity.

Disclaimers: This is a very high-level exercise with 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 and IBM these companies are of similar age so should not be a major issue.

One way to measure popularity is to look for Google queries including the RPA company’s name.

Historical results for selected RPA companies

There were no clear winners before 2017:

Source: Google Trends

However, UiPath takes off after 2017:

Best RPA companies: UiPath, automation anywhere, blue prism, workfusion

Source: Google Trends

However, for a more comprehensive view of the RPA market, check our data-driven list of RPA vendors where we track companies by popularity, web traffic, and maturity.

So which company leads the pack?

UiPath leads the pack in terms of funding and awareness. UiPath is also one of the late entrants into the market so we can say that it has strong momentum currently. However, RPA is an emerging market and market dynamics can change quickly.

For more on RPA

For more on RPA, feel free to read our in-depth articles on:

For more details on RPA, read our data-driven whitepaper on the topic:

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And if you are interested in purchasing an off-the-shelf automation solution to transform your business, check our comprehensive hub of automation solutions, and reach out to us to help you find the right tool that fits your business needs:

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Access Cem's 2 decades of B2B tech experience as a tech consultant, enterprise leader, startup entrepreneur & industry analyst. Leverage insights informing top Fortune 500 every month.
Cem Dilmegani
Principal Analyst
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Cem Dilmegani
Principal Analyst

Cem has been the principal analyst at AIMultiple since 2017. AIMultiple informs hundreds of thousands of businesses (as per similarWeb) including 60% of Fortune 500 every month.

Cem's work has been cited by leading global publications including Business Insider, Forbes, Washington Post, global firms like Deloitte, HPE, NGOs like World Economic Forum and supranational organizations like European Commission. You can see more reputable companies and media that referenced AIMultiple.

Throughout his career, Cem served as a tech consultant, tech buyer and tech entrepreneur. He advised businesses on their enterprise software, automation, cloud, AI / ML and other technology related decisions at McKinsey & Company and Altman Solon for more than a decade. He also published a McKinsey report on digitalization.

He led technology strategy and procurement of a telco while reporting to the CEO. He has also led commercial growth of deep tech company Hypatos that reached a 7 digit annual recurring revenue and a 9 digit valuation from 0 within 2 years. Cem's work in Hypatos was covered by leading technology publications like TechCrunch and Business Insider.

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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15 Comments
Akanksha Sinha
Dec 20, 2021 at 02:48

Is there any specific reason ‘Celonis’ is not included in the list even after

Celonis Raises $1 Billion At $11 Billion Valuation, Making It New York’s —And Germany’s — Most Valuable Startup

Cem Dilmegani
Dec 20, 2021 at 11:33

Because Celonis is primarily a process mining solution.
They started to get into RPA with Action Flows components of their EMS (i.e. Execution Management Systems). As you can tell from the names I needed to use to explain how RPA relates to Celonis, I don’t yet see RPA as their focus yet. This is also based on my discussions with enterprises. But companies are able to launch new offerings and dominate new markets (e.g. AWS as the most obvious example). So we are all ears if the Celonis team wants to brief us on their automation solution.

Leila De la Fuente
Jul 15, 2021 at 01:30

A lot has changed since the search trend data was pulled for 2018! Would love to get your thoughts on where HelpSystems Automate falls within your rankings

Cem Dilmegani
Jul 17, 2021 at 07:12

True! We will be updating this article this quarter.

Blueprism Online training
Apr 17, 2019 at 10:51

That was very useful information.Thank you for sharing information about Blueprism

RPADigest
Apr 09, 2019 at 08:42

Great stats, I’m sharing this on Twitter via @RPADigest Keep up the good work!

msdhoni
Dec 15, 2018 at 10:05

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Joslyn
Nov 02, 2018 at 10:12

I am really happy to say it

Kelly Technologies
Nov 01, 2018 at 09:30

Great content useful for all the candidates of UiPath Training who want to kick start these career in UiPath Training field.

Kelly Technologies
Oct 12, 2018 at 10:23

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Blue Prism Training useful for all the aspirants of
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automation training in hyderabad
Sep 28, 2018 at 12:12

interesting information useful to all the aspirants of Automation course.

Leila De La Fuente
Sep 04, 2018 at 20:35

Thanks for the comparison, Automate (helpsystems) has been showing up in rpa software space lately. Where does that fall?

San
Aug 30, 2018 at 02:46

How about Kryon systems? Any reviews about them?

RPA Corporate Training
Jul 07, 2018 at 11:21

thanks for sharing nice information

madhuri kamsali
Jun 20, 2018 at 09:16

Great Site, The Course were so simple and easy to understand.
Uipath online training

RPA Corporate Training
Jun 11, 2018 at 11:18

thanks for sharing nice information ….

madhuri kamsali
Jun 08, 2018 at 10:57

Great Site, I would like to thank you for this fantastic read.

appliedAI
Jun 08, 2018 at 14:06

Thanks!

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