IT ROBOTIC AUTOMATION MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Growing Adoption of Automation Technologies across Industries

With new technologies emerging at a rapid pace, industries are undergoing extensive digital transformation. From manufacturing to healthcare to banking, automation is disrupting traditional business models. Progressive companies understand that embracing these disruptions is crucial to stay ahead of competition. Automation brings higher levels of accuracy, speed and standardization to business processes. It allows redesigning operations for superior agility to changing market dynamics. Technological convergence is enabling integration of emerging technologies like artificial intelligence, machine learning into existing IT systems. This is fueling the growth of intelligent automation across all functions within an organization.

The broader adoption of cloud, IoT and mobility has also created more opportunities for implementing automation. Cloud-based platforms now make it simpler for organizations to develop, deploy and manage automation solutions. Industries that have traditionally relied on manual labor are automating manufacturing process through robotics. Similarly, IoT and connected devices are triggering new use cases for automation in sectors like logistics, energy, and transportation. Knowledge workers are augmenting their skills with AI assistants. Such embrace of disruptive technologies is driving the need to automate associated IT processes through robotic solutions. Automation also addresses rising issues like skills shortage and support for remote working models in the post-pandemic era. As digital strategies take center stage, automated management of technology infrastructure and applications will continue gaining prominence across all industries.

For instance, In June 2023, Pega Systems, a leading provider of low-code software for customer engagement and process automation, introduced a new automation solution specifically designed for the healthcare sector. This innovative offering aims to enhance operational efficiency and improve patient outcomes by streamlining workflows and automating critical processes within healthcare organizations.