How IT Robotic Automation Market Works? With Future Growth, Key Companies & Market Opportunities

The rising demand for advanced automation solutions in various industries, especially in the IT industry due to the increase in the working speed of employees, has helped fuel the growth of the IT robotic automation market globally. The increasing demand for process automation in big data analytics is a result of time effective extraction of insights, which in turn, fuels the growth of the global IT robotic process automation market. Moreover, the demand for modernization of business processes has increased, owing to improvement in productivity and increasing customer satisfaction thus, boosting the demand for IT robotic automation solutions.

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Key Players in the Global IT Robotic Automation Market:
Xerox Corporation, Verint System Inc., Uipath SRL, Redwood Software, Pegasystems Inc., Nice Systems Ltd., Ipsoft, Inc., Celaton Ltd., Blue Prism PLC, and Automation Anywhere are some of the major players operating in the global IT robotic automation market.

In addition, the increasing popularity of robotic automation in the IT industry for process improvement, especially for accounting and financial management has become a crucial factor fueling the growth of the IT robotic automation market. Moreover, robotic automation tools are largely adopted by BPO services and infrastructural management. IT robotic automation offers data integration, query handling, payment processing, task allocation, and automating invoicing, which help boost demand for IT robotic automation solutions in the IT industry, in turn, fueling the growth of the market.

IT Robotic Automation Market Outlook – North America holds a significant market share:
On the basis of geography, the global IT robotic automation market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant position in the global market and is projected to retain its dominance throughout the forecast period. The rampant innovation in computing technology observed in the North American region, is a major factor contributing to the rapid growth of the market in the region. Moreover, the increasing demand for IT and IT-related services has helped increase the demand for IT robotic automation technology in the region. Countries such as the U.S. and Canada observe the presence of major companies. Similarly, Asia Pacific is projected to exhibit the highest CAGR over the forecast period.

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Among tools, the model-based application segment held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Due to the increasing demand for customized model process solution in various verticals have raised the demand of the model-based application.

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