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
UiPath nearly doubled its annual revenue from 2020 to 2021, growing from $336 million in its fiscal 2020 to $606 million in fiscal 2021. Founded in Romania by Daniel Dines in 2005, the company now has a global presence and has operations in North America, EMEA, Asia/Pacific, and Japan.
UiPath Mergers and Acquisitions (M&A) Activities
UiPath acquired Cloud Elements, a smaller company that produces APIs that connect with enterprise software applications (e.g., Oracle and SAP products in ERP and CRM). The aim of the acquisition is to increase the number of API connectors between UiPath’s RPA software and a wide range of enterprise applications.
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
Ownership: - NYSE : PATH
Number of Employees: 4013
Functional Markets: Analytics and BI, PaaS,
Key Verticals: Banking and Financial Services, Communication, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Media, Professional Services, Retail,
UiPath Key Enterprise and Cloud Applications
UiPath Process Mining, UiPath Task Mining
UiPath Revenues, $M:
| Type/Year | 2020 | 2021 | 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
UiPath Enterprise Applications Revenues By Functional Markets, $M:
UiPath Enterprise Applications Revenues By Verticals, $M:
UiPath Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 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: 7900
No. of UiPath Enterprise Applications Customers: 7900
No. of UiPath Cloud Customers: x
No. of UiPath Cloud Subscribers: x
Royal Mail Group (U.K.) national mail service; Bristol Water, a U.K. utility company; the installed base of nearly 3,000 customers in 90 countries.
UiPath Market Opportunities, M&A and Geo Expansions
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
Strong competition in the emerging RPA space could slow UiPath’s growth. Recent quarters in 2021 have shown decelerating revenue growth, although this may be due, in part, to pandemic-era economics, and to its pricing policies. Fast-growing companies can stumble, but there are no signs that the company is unable to cope with its expansion strategy within its software category. The company has demonstrated strong financial results in 2020 and 2021, and it is well-positioned for growth in 2022.
UiPath Ecosystem, Partners, Resellers and SI
UiPath supports what it calls a Community Ecosystem. It encourages third-party software vendors to join this community ecosystem, and it supports community ecosystem activities.
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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