UiPath Business Automation Platform Receives Widespread Industry Analyst Recognition

Rhea-AI Summary

UiPath (NYSE: PATH) has achieved significant recognition in enterprise automation, earning multiple accolades for its Business Automation Platform. It was named a Leader in the 2022 Gartner Magic Quadrant for Robotic Process Automation for the fourth consecutive year, noting an increase in market share from 28.5% in 2020 to 34.1% in 2021. Additionally, UiPath continues to be recognized in process mining and cloud testing domains, driving innovation and enhancing customer experience. Co-CEO Robert Enslin emphasized their commitment to advancing automation technologies.

Positive

• Named a Leader in 2022 Gartner Magic Quadrant for Robotic Process Automation for the fourth year, highlighted by the highest scores for Ability to Execute and Completeness of Vision.
• Increased market share from 28.5% in 2020 to 34.1% in 2021, demonstrating strong growth.
• Recognized as a Process Mining Leader and Star Performer by Everest Group, indicating substantial improvement.
• First-time inclusion as a Leader in the IDC MarketScape for Worldwide Cloud Testing, emphasizing advancements in product capabilities.
• Achieved highest possible scores in various criteria in Forrester Wave for RPA in China, underlining strong market position.

Negative

• None.

Recognized as a leader in robotic process automation, test automation, process mining, and low-code application development

LAS VEGAS--(BUSINESS WIRE)-- UIPATH FORWARD 5 – UiPath (NYSE: PATH), a leading enterprise automation software company, today announced it has received a record number of industry analyst recognitions year-to-date for its UiPath Business Automation Platform.

The UiPath Business Automation Platform is an easy-to-use, scalable, and open platform that allows everyone – from RPA developers and testers to citizen developers and business end users – to collaborate and position automation squarely at the core of everyday work. With capabilities that support every phase of the automation lifecycle and deployment options that give organizations immediate management of their software robots, UiPath is bringing automation to enterprise workers by enabling them to both engage in the automation process and benefit from working alongside robots every day.

Highlights of industry analyst recognition for the UiPath Platform include:

• Positioned by Gartner, Inc. as a Leader in the 2022 Gartner® Magic Quadrant™ for Robotic Process Automation* research report. UiPath was named a Leader for the fourth year in a row, and in this report UiPath was positioned highest for Ability to Execute and furthest for Completeness of Vision. According to Gartner Market Share Analysis: Robotic Process Automation, Worldwide, 2021, released in June 2022, “[UiPath is the] only vendor to grow its market share in 2021, from 28.5% in 2020 to 34.1% in 2021….”**
• For the third consecutive year, named a Process Mining Leader in the Technology Vendor Landscape, according to the Everest Group PEAK Matrix® for Process Mining Technology Vendors 2022. The Company was also recognized as a Star Performer, demonstrating the most year-over-year improvement on the PEAK Matrix®. UiPath Process Mining includes a robust set of more than 50 pre-built connectors to systems like SAP, Oracle, Salesforce, and ServiceNow to allow customers to gain insights into operations by creating corresponding process models.
• Positioned as a Leader in the IDC MarketScape: Worldwide Cloud Testing 2022 Vendor Assessment – Empowering Business Velocity.*** The report, which includes UiPath for the first time among traditional software quality tools, examines cloud testing adoption trends and their influence on organizational success through the development of secure, high-quality software.
• Named a Leader in The Forrester Wave™: Robotic Process Automation (RPA) In China, Q3 2022. UiPath was one of 11 vendors evaluated in the inaugural report for China and received the highest possible scores in the product vision, innovation roadmap, general platform capabilities, and partner ecosystem criteria. The Forrester report recognized UiPath as “a good fit for enterprises with demanding automation needs for support and governance,” and states that, “UiPath speeds up local market expansion with its global strengths.” UiPath is also recognized as a leader in RPA in Forrester’s evaluation, The Forrester Wave™: Robotic Process Automation, Q1 2021.

“We believe UiPath will be a leader in automation, artificial intelligence, and machine learning, which all companies will embrace over time,” said UiPath Co-CEO Robert Enslin. “That’s why we are dedicated to innovating our UiPath Business Automation Platform, driving our market segmentation, and delivering world-class customer experiences.”

_{*Gartner, “Magic Quadrant for Robotic Process Automation”, Saikat Ray, Arthur Villa, Paul Vincent, Keith Guttridge, Melanie Alexander, Andy Wang, 25 July, 2022
**Gartner, Market Share Analysis: Robotic Process Automation, Worldwide, 2021, By Varsha Mehta, Fabrizio Biscotti, Saikat Ray, Arthur Villa, Cathy Tornbohm, 6 June 2022
*** IDC MarketScape: Worldwide Cloud Testing 2022 Vendor Assessment – Empowering Business Velocity (IDC # US47097221, March 2022)}

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Gartner® and Magic Quadrant™ are registered trademarks of Gartner, Inc. And/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About UiPath
UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005162/en/

Media

Toni Iafrate

UiPath

pr@uipath.com

Investor Relations

Kelsey Turcotte

UiPath

investor.relations@uipath.com

Source: UiPath

FAQ

What recognitions did UiPath (PATH) receive in 2022?

UiPath received multiple recognitions, including being named a Leader in the 2022 Gartner Magic Quadrant for Robotic Process Automation and recognized as a Process Mining Leader by Everest Group.

How has UiPath's market share changed recently?

UiPath's market share increased from 28.5% in 2020 to 34.1% in 2021, showcasing significant growth in the automation sector.

What is the UiPath Business Automation Platform?

The UiPath Business Automation Platform is a scalable and user-friendly platform that enables collaboration among RPA developers and business end users to integrate automation into their workflow.

How did UiPath perform in the IDC MarketScape for Cloud Testing?

UiPath was recognized as a Leader in the IDC MarketScape for Worldwide Cloud Testing, marking their first inclusion in this assessment.

What did Forrester say about UiPath's capabilities in China?

Forrester's report noted UiPath as a Leader in RPA in China, with top scores in product vision and partner ecosystem criteria.