Surging Growth of IT Robotic Automation Market: From $4.1 Billion in 2021 to Projected $22.8 Billion by 2032

The IT robotic automation market has witnessed remarkable expansion, with a valuation of $4.1 billion in 2021. Anticipated to sustain its trajectory, this market is forecasted to achieve a compound annual growth rate of 15.7%, ultimately reaching a substantial $22.8 billion by 2032, after commencing at $5.3 billion in 2022.

Small and Medium Enterprises (SMEs) are embracing Artificial Intelligence technologies and cloud-centered solutions with exceptional speed, effectively elevating their operational efficacy. This swift adoption is fostering consistent advancement within the market. As various industries progressively integrate cloud-based and robotic solutions, the avenues for robotic process automation are poised to proliferate exponentially on a global scale.

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Escalating Demand in Diverse Sectors Propels the Future of IT Robotic Automation

As industries across the spectrum embrace digitization, the call for advanced solutions intensifies. This demand, coupled with the potential for enhanced business outcomes and elevated customer service standards, is set to be a pivotal driver of the IT robotic automation market's growth.

Synergizing AI algorithms with Robotic Process Automation (RPA) and machine learning presents a formidable approach to handling unstructured and semi-structured data. Notably, prominent enterprises are progressively opting for the utilization of IT robotic automation to streamline invoice delivery, further catalyzing the expansion of this market.

The landscape of technological innovation continues to evolve rapidly, signifying a growing need for robust customer support to maximize product value. This, in turn, fuels a heightened requirement for robotic automation solutions within the market.

Key Insights from the Market Analysis

The domain of IT robotic automation services is poised to thrive at an impressive Compound Annual Growth Rate (CAGR) of 32% until the year 2032.
The United States is anticipated to attain a market valuation of US$ 7.4 Billion, exhibiting a steady CAGR of 15.7% during the forecast period.
China's market is projected to experience robust growth at an 18.6% CAGR throughout the forecast period.
The United Kingdom registered a notable CAGR of 16.1% over the forecast period.
Japan is expected to achieve a remarkable CAGR of 28.2% between 2022 and 2032.
Competitive Landscape

Prominent entities highlighted in the report encompass Blue Prism, Appian, Amelia, Tata Consultancy Services Limited, Infosys Limited, Cognizant Technology Solutions Corp, Atos SE, Capgemini, Genpact Ltd., Automation Anywhere, Inc., Sutherland Global Services, Inc., and Uipath SRL.

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Recent Developments:

In September 2021, Vista Equity Partners, a private equity firm that holds ownership of the analytics vendor Tibco, unveiled plans to acquire Blue Prism, a leader in robotic process automation, for a substantial $1.5 billion. The acquisition garnered approval from the company's shareholders, paving the way for the merger of the two entities.

Furthermore, Dynamic Automation and Robotics, headquartered in Simi Valley, CA, was successfully acquired by ATC Automation in September 2021. With a strong track record of catering to customer requirements in the custom automation and robotics sector, Dynamic complements ATC Automation's geographical and technological influence, promising enhanced capabilities and broader reach.

IT Robotic Automation by Application:

IT Robotic Automation Tools

Model-based Application Tools
Process-based Application Tools

IT Robotic Automation Services

Professional IT Robotic Automation Services
Consulting
Application Management
Infrastructure Management

Integration and Development
Application Management
Infrastructure Management

BPO

IT Robotic Automation Training

IT Robotic Automation by Region:

North America IT Robotic Automation Market
Europe IT Robotic Automation Market
Asia Pacific IT Robotic Automation Market
Middle East and Africa IT Robotic Automation Market
South America IT Robotic Automation Market

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Read More Report:

Global IT Robotic Automation Market is Expected to Reach US$ 22.8 Billion by 2032, Services to Be Most Deployed Category: Finds FMI @ https://www.prnewswire.com/news-releases/global-it-robotic-automation-market-is-expected-to-reach-us-22-8-billion-by-2032--services-to-be-most-deployed-category-finds-fmi-301543952.html

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This release was published on openPR.