UiPath Strengths, Domain Expertise, and Key Differentiators
The company is a key participant in RPA (robotic process automation). Its software speeds up enterprise automation by preparing forms and enabling personnel to do their own jobs faster. It supports many verticals, including banking/finance, healthcare, insurance, and manufacturing. Sales automation is a good example of the way UiPath’s RPA software helps personnel prepare sales offers, track client activities, and support scheduling of future events and meetings. UiPath delivers its software via its enterprise SaaS service. UiPath software is compatible with the AWS and Microsoft Azure public clouds.; and its RPA software is supported by AI tools from Google Cloud Platform.
UiPath Recent Developments
In October 2023, UiPath announced advancements to UiPath Academy, the world's leading online training platform for automation professionals. With over 1.6 million learners, UiPath Academy now offers specialized AI training and certification, reinforcing its commitment to upskilling workers for real-world automation and AI projects. UiPath remains dedicated to investing in the future workforce through accessible training opportunities via UiPath Academy.
UiPath achieved remarkable growth in its annual revenue, nearly tripling it from $336 million in fiscal 2020 to approximately $900 million in fiscal 2022. Established in Romania by Daniel Dines in 2005, the company has since expanded its reach to establish a robust global presence, with operations spanning across North America, EMEA, Asia/Pacific, and Japan.
UiPath Mergers and Acquisitions (M&A) Activities
UiPath's acquisition of Cloud Elements, a company specializing in APIs that integrate with enterprise software applications such as Oracle and SAP in ERP and CRM, is geared towards expanding the array of API connectors available for UiPath's RPA software. The goal is to enhance the interoperability between UiPath's RPA platform and various enterprise applications, facilitating smoother automation processes across diverse systems.
UiPath Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying UiPath applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of UiPath and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified UiPath Process Mining, UiPath Task Mining customers.
UiPath Overview
1 Vanderbilt Ave 60th Floor
New York, NY, 10017, United States
1 844-432-0455
https://www.uipath.com/
Ownership: - NYSE : PATH
Number of Employees: 4035
Functional Markets: Analytics and BI,
Key Verticals: Automotive, Banking and Financial Services, Communications, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Professional Services, Retail, Transportation, Utilities,
UiPath Key Enterprise and Cloud Applications
UiPath Process Mining, UiPath Task Mining
UiPath Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
UiPath Revenue Breakdown By Type, $M:
UiPath Enterprise Applications Revenues By Functional Markets, $M:
UiPath Enterprise Applications Revenues By Verticals, $M:
UiPath Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
UiPath Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
UiPath Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified UiPath Customers
No. of UiPath Customers: 10865
No. of UiPath Enterprise Applications Customers: 10865
No. of UiPath Cloud Customers: x
No. of UiPath Cloud Subscribers: x
UiPath serves over 10,000 customers globally, including esteemed organizations such as Raben Group, Finastra, Hemit University, Hospitals Plymouth NHS Trust, Swedish Medical Products Agency, and many more prestigious entities.
UiPath Market Opportunities, M&A and Geo Expansions
UiPath Inc. has concluded a $750 million Series F funding round, raising its post-money valuation to $35 billion. Led by existing investors Alkeon Capital and Coatue, with continued support from others like Altimeter Capital and Sequoia, the funding highlights UiPath's commitment to revolutionizing workplace automation. Their Automation Platform offers comprehensive tools for discovering, managing, and executing automation initiatives across organizational functions.
The rapid growth of the RPA category will help UiPath expand in 2022 and beyond. Acquisition of Cloud Elements will produce connectors to more software application products and services.
UiPath Risks and Challenges
The appointment of Kelly Ducourty as Chief Customer Officer at UiPath introduces a risk associated with personnel transition. While Ducourty brings extensive experience from notable companies like Google and Hewlett Packard Enterprise (HPE), her departure from these organizations may have left gaps in their respective leadership teams. This could potentially impact the performance and strategic direction of Google Cloud and HPE, particularly in areas such as go-to-market strategy, sales operations, and customer success. Additionally, Ducourty's transition to UiPath may require a period of adjustment, during which there could be disruptions in customer operations, professional services, and partner relationships at UiPath as she acclimates to her new role and responsibilities. These factors could pose a risk to UiPath's ability to maintain or enhance customer satisfaction, drive sales growth, and effectively execute its business strategy in the short to medium term.
UiPath Ecosystem, Partners, Resellers and SI
UiPath is excited to announce strategic partnerships aimed at transforming automation solutions across sectors. Partnering with Apprio, Teradata, Peraton, Amelia, Orica, Neostella, and OutSystems, UiPath brings innovative automation solutions to various industries, from healthcare to defense, enhancing productivity and efficiency.
UiPath fosters a Community Ecosystem, inviting third-party software vendors to participate and supporting various community activities within this ecosystem.
UiPath Cloud Infrastructure Insights
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- UiPath Public Cloud and Infrastructure (IaaS)
- UiPath Platform (PaaS)
- UiPath Application Delivery
- UiPath Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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