IT ROBOTIC AUTOMATION MARKET ANALYSIS
The global IT robotic automation market is estimated to account for US$ 125,300.2 Mn in terms of value by the end of 2027.
Figure 2: Global IT Robotic Automation Market Value (US$ Mn), 2017 - 2027
The global IT robotic automation market was valued at US$ 3,176.9 Mn in 2019 and is forecast to reach a value of US$ 125,300.2 Mn by 2027 at a CAGR of 58.5% between 2020 and 2027.
Market Trends
Major companies in the market are focused on partnerships and collaborations, in order to gain a competitive edge in the market. For instance, in December 2013, Be Informed B. V. partnered with Centennium to develop a solution named Business Data Vault, which is a fully automatic data warehouse solution. In December 2012, IPSoft, Inc. partnered with Accenture plc to focus on Amelia robotic automation platform.
Key players in the market are focused on investment, in order to accelerate research and development activities. For instance, in March 2014, Tata Consultancy Services Ltd. announced its plans to invest and create intellectual property in robotic automation. The company wants to automate 40 – 50% of its business processes in the BPO business in the next few years.
It Robotic Automation Market Report Snapshots
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