IT ROBOTIC AUTOMATION MARKET ANALYSIS

IT Robotic Automation Market Size and Trends

Global IT robotic automation market is estimated to be valued at US$ 5.08 Billion in 2024 and is expected to reach US$ 14.63 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 16.3% from 2024 to 2031.

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The rapid adoption of automation technologies across industry verticals is expected to drive significant growth in the Global IT Robotic Automation Market. Various organizations are increasingly implementing robotic process automation solutions to improve business process efficiency. The need to optimize operations and enhance productivity is a major factor boosting the demand for IT robotic automation.

The IT robotic automation market is expected to witness prominent growth driven by the rising demand for smart automated solutions, growing emphasis on regulatory compliance through automation, and increasing integration of artificial intelligence and machine learning capabilities in robotic process automation. Significant investments by IT companies in research and development of advanced robotic solutions are also expected to positively impact the market expansion from 2024 to 2031.

Market Driver - Increasing demand for operational efficiency and cost reduction

With the business environment becoming more competitive over the years, organizations across all industries are focusing on driving more outcomes while reducing operating costs. Manual and repetitive tasks that require human labor are increasingly being identified as areas where automation can bring improvement. IT robotic automation solutions are enabling companies to streamline business processes and optimize resource utilization through round-the-clock operation of software robots. These robots can perform high-volume repetitive jobs more accurately and at a much faster scale compared to human workers. This helps free up the workforce to focus on more strategic activities that deliver higher business value.

Many organizations have complicated IT infrastructure and applications to manage that involve numerous processes like security patch management, software testing, infrastructure monitoring, and incident response. With an expanding IT estate, the manpower requirements to handle such processes effectively grow tremendously. This is where adopting IT robotic automation comes into the picture. Intelligent software robots can be configured to execute standardized IT operations 24/7, thereby improving process efficiency. They bring transparency to otherwise complex IT processes through centralized monitoring and reporting. Automation ensures tasks are completed on time every time as robots don’t get impacted by human limitations. This helps IT teams at enterprises keep up with increasing workloads without continuously hiring more staff. 

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.