IT Robotic Automation Market to grow with CAGR of 15.7% by 2032 | Cognizant Technology Solutions Corp, Atos SE, Capgemini, Genpact Ltd

IT robotic automation is the process of using software to automate IT tasks. This can include tasks such as provisioning, configuring, managing, and monitoring IT infrastructure and services. IT robotic automation can help to improve the efficiency of IT operations and reduce the need for manual intervention.

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The IT Robotic Automation Market size was USD 5.3 Billion in 2022 and is anticipated to reach USD 22.8 Billion in 2032, growing at a rate of 15.7% from 2023 to 2032.

Key Trends

The key trends in IT robotic automation technology are:

The use of robots in manufacturing: In the past, robots were mostly used in manufacturing industries for tasks such as welding, fabricating, and assembling.
The use of robots in healthcare: Robots are increasingly being used in healthcare for tasks such as surgery, rehabilitation and nursing.

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Key Drivers

The key drivers of the IT Robotic Automation market are:

Increased productivity: IT Robotic Automation can help organizations to increase their productivity by automating repetitive and time-consuming tasks.
Improved quality of service: IT Robotic Automation can help organizations to improve the quality of their IT services by automating tasks such as provisioning and monitoring.
Reduced costs: IT Robotic Automation can help organizations to reduce their IT costs by automating tasks such as provisioning and monitoring.
Restraints & Challenges

One of the key restraints in the IT Robotic Automation market is the lack of awareness and understanding of the potential benefits of this technology among businesses.

Another key restraint in the IT Robotic Automation market is the high initial investment required for setting up this technology. This technology requires specialized hardware and software which can be quite expensive for businesses.

Despite the high initial investment, businesses can still reap significant benefits from IT Robotic Automation. This technology can help businesses automate repetitive and mundane tasks which can help improve efficiency and productivity.

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Market Segments

The IT robotic automation market is segmented by type, services, and region. On the basis of type, it is segmented into tools. By services, it is categorized into professional, and training. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global IT robotic automation market includes players such as Blue Prism, Appian, Amelia, Tata Consultancy Services Limited, Infosys Limited, Cognizant Technology Solutions Corp, Atos SE, Capgemini, Genpact Ltd., Automation Anywhere Inc.

Market Segmentation

By Type

Tools
Model-Based
Process-Based

By Services

Professional
Consulting
Application Management
Infrastructure Management
Integration & Development
Application Management
Infrastructure Management
BPO
Training

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This release was published on openPR.