“Automation Anywhere seems to be just on the same path as it was five or six years ago,” said Alan Pelz-Sharpe, an analyst and founder of Deep Analysis. “It’s the last of the RPA companies that are focused on RPA.”

Unlike five or six years ago when it was more stable, the RPA market is shifting, Pelz-Sharpe said. Instead of focusing just on bots, vendors in the RPA market, including Automation Anywhere and UiPath, are targeting process management and discovery technology. Automation Anywhere would do well to focus more on process management than pure RPA going forward, he said.