The rapid advancement of technology has prompted many organizations globally to adopt innovative solutions to automate their business processes and optimize efficiency. The global IT robotic automation market has been witnessing steady growth over the past few years due to the rising demand for cost-effective methods to automate repetitive and routine tasks. Robotic process automation (RPA) utilizes software with artificial intelligence and machine learning capabilities to manage high-volume tasks and transactions. It is being increasingly used by businesses across industries like BFSI, telecom, healthcare, manufacturing, and retail to free up employees from manual work and enhance productivity.
Market Dynamics:
The key drivers propelling the global IT robotic automation market include cost reduction achieved through the automation of business operations, rising need to minimize human errors, and growing demand for ease of business process management. However, data security risks and lack of awareness about the capabilities of new-age technologies are some of the major challenges restraining the market growth. On the other hand, newer areas of application like robotic desktop automation and robotic desktop integration are expected to provide lucrative opportunities for market expansion in the coming years. Integration of AI and predictive analysis is also anticipated to boost the demand for RPA solutions across verticals.
Key Features of the Study:
- This report provides in-depth analysis of the global IT robotic automation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global IT robotic automation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include UiPath, Automation Anywhere, Blue Prism, IBM Corporation, Pega Systems, WorkFusion, NICE Ltd., Kofax, Microsoft Corporation, SAP SE, HelpSystems, AntWorks, Kryon Systems, Appian Corporation, and ServiceNow
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global IT robotic automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IT robotic automation market
Detailed Segmentation-
- Type Insights (Revenue, US$ Bn, 2019 - 2031)
- Robotic Process Automation (RPA)
- Intelligent Automation (IA)
- Cognitive Automation
- Others
- Deployment Mode Insights (Revenue, US$ Bn, 2019 - 2031)
- Application Insights (Revenue, US$ Bn, 2019 - 2031)
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Retail
- Manufacturing
- Others
- Regional Insights (Revenue, US$ Bn, 2019 - 2031)
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- UiPath
- Automation Anywhere
- Blue Prism
- IBM Corporation
- Pega Systems
- WorkFusion
- NICE Ltd.
- Kofax
- Microsoft Corporation
- SAP SE
- HelpSystems
- AntWorks
- Kryon Systems
- Appian Corporation
- ServiceNow
