Where Will UiPath Be in 5 Years?

As is often the case with its press conference events, Tesla (NASDAQ: TSLA) made a splash in August with its AI Day event, unveiling its work on a "humanoid robot" that could one day act as an in-person assistant for physical tasks. A working prototype could be out as soon as 2022.

Suffice to say it could be at least a few years before Elon Musk and company's sci-fi-sounding pipe dream becomes a reality in the average person's life. However, a different type of robot is already available, quietly roaming offices around the globe and automating redundant tasks most of us humans despise. These software-based bots, known as RPA (robotic process automation), are one of the fastest-growing technologies around at the moment. And according to tech researcher Gartner, UiPath (NYSE: PATH) is the leader in this industry. Where will this top robotics stock be in five years?

Image source: Getty Images.

Source Fool.com