UiPath Named a Leader in the 2022 Gartner Magic Quadrant for Robotic Process Automation

Rhea-AI Summary

UiPath (NYSE: PATH) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Robotic Process Automation for the fourth consecutive year. The company was positioned highest for Ability to Execute and furthest for Completeness of Vision. With over 10,330 customers, UiPath continues to drive innovation in automation technology, including new features like Automation Cloud Robots. The firm saw an increase in market share from 28.5% in 2020 to 34.1% in 2021, indicating solid growth and customer demand in the robotic process automation sector.

Positive

• Recognized as a Leader in the 2022 Gartner Magic Quadrant for Robotic Process Automation for the fourth consecutive year.
• Positioned highest for Ability to Execute and furthest for Completeness of Vision by Gartner.
• Increased market share from 28.5% in 2020 to 34.1% in 2021, highlighting strong growth.
• Over 10,330 customers, reflecting strong demand and trust in UiPath's solutions.
• Recent innovations, including Automation Cloud Robots, aimed at enhancing automation capabilities.

Negative

• None.

Positioned highest for Ability to Execute and furthest for Completeness of Vision

NEW YORK--(BUSINESS WIRE)-- UiPath (NYSE: PATH), a leading enterprise automation software company, today announced it has been positioned by Gartner, Inc. as a Leader in the 2022 Gartner® Magic Quadrant™ for Robotic Process Automation¹ 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.

“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. “We believe this recognition affirms our position at the leading edge of the market as we help customers navigate the challenges facing companies around the world today. We are dedicated to innovating our automation platform, driving our market segmentation, and delivering world-class customer experiences.”

A complimentary copy of the 2022 Gartner® Magic Quadrant for Robotic Process Automation research report is available here.

“Earlier this year, we delivered new features within the UiPath automation platform, including general availability of Automation Cloud Robots, which, in our opinion, continues to widen our Leader position,” Enslin said. “We now have more than 10,330 customers, and are seeing customers taking advantage of offerings such as UiPath Test Suite to accelerate the time-to-value for new automations, and UiPath Integration Service to combine the power of both UI Automation and API integrations in a single workflow. Our customers and prospects are accelerating their digital transformation initiatives to achieve their business outcomes and want to expand the speed and scale of their automation to outmaneuver their competition.”

According to Gartner, “Leaders have an insightful understanding of a market’s realities, a reliable track record, the power to influence a market’s direction, and an ability to attract and retain customers. In the RPA market, Leaders demonstrate an understanding of enterprise customers’ needs and of opportunities to expand functionality and add new products and services to their core RPA offerings. Simply put, a Leader must have a market-leading vision and the ability to deliver on that vision.

A Leader may not always be the best choice for every customer. A focused, smaller vendor can sometimes provide superior support and commitment. Other vendors may provide a specialized capability that is essential for some organizations, such as enhanced security or specific features or functions (required, for example, by call centers and individual desktop use cases). A vendor that focuses on RPA for a specific vertical market or within a limited geographic area may not be a Leader in the overall market, but it may be a competitive option within its chosen market or area.”

UiPath’s recognition in the 2022 Gartner® Magic Quadrant™ for Robotic Process Automation is the most recent one by Gartner. According to the Market Share Analysis: Robotic Process Automation, Worldwide, 2021, "[UiPath is the] only vendor to grow its market share in 2021, from 28.5% in 2020 to 34.1% in 2021…."².

To learn more about the UiPath end-to-end automation platform, visit here.

Gartner Disclaimers

Gartner, Market Share Analysis: Robotic Process Automation, Worldwide, 2021, By Varsha Mehta, Fabrizio Biscotti, Saikat Ray, Arthur Villa, Cathy Tornbohm, 6 June 2022

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 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.

¹ Gartner, “Magic Quadrant for Robotic Process Automation”, Saikat Ray, Arthur Villa, Paul Vincent, Keith Guttridge, Melanie Alexander, Andy Wang, 25 July, 2022
² Gartner, Market Share Analysis: Robotic Process Automation, Worldwide, 2021, By Varsha Mehta, Fabrizio Biscotti, Saikat Ray, Arthur Villa, Cathy Tornbohm, 6 June 2022

View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005651/en/

Media Contact

Pete Daly

UiPath

pr@uipath.com

Investor Relations Contact

Kelsey Turcotte

UiPath

investor.relations@uipath.com

Source: UiPath

FAQ

What recognition did UiPath receive from Gartner in 2022?

UiPath was recognized as a Leader in the 2022 Gartner Magic Quadrant for Robotic Process Automation for the fourth year in a row.

How many customers does UiPath have as of 2022?

As of 2022, UiPath has over 10,330 customers.

What is UiPath's market share increase from 2020 to 2021?

UiPath's market share increased from 28.5% in 2020 to 34.1% in 2021.

What new features has UiPath launched recently?

UiPath recently launched new features including Automation Cloud Robots.