Last month, Forrester named UiPath as the leading RPA vendor among 14 significant providers. This week, their first week on the New York Stock Exchange, share prices surged 44% to nearly $80 per share.
UiPath’s rise to success shouldn’t be ignored. Only 10 people were working at this start-up just six years ago. Their combination of first-mover advantage and maintaining a product built on good UX has kept them in this leadership quadrant with a stable market presence. They’ve shown business users you really can automate ALL functions and departments.
The pace of technological evolution within business automation took the fast train to relevance when the pandemic forced businesses to do more with less. This has opened the door for many other vendors to enter the space with solutions that come in at a fraction of the cost. So now, as a potential buyer of RPA software, you have a lot of options these days.
Why the Leaders are Leaders