Press release
IT Robotics Automation Market to Expand at 60.50% CAGR from 2014 to 2020, Need to Reduce Human Labor Dependency Drives Market
Robotic automation involves utilizing a computer application or machine that mimics human actions in order to accomplish process-based tasks. For instance, in the IT industry, automation software is the means to achieve robotic automation. Likewise, request management, monitoring, problem management, access management, incident management, and availability management are some of the processes that can be accomplished through robotic process management.
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The report says that IT robotic automation is emerging as a robust alternative to outsourcing, especially offshore outsourcing. Some of the benefits of robotic automation are cost benefits and increased process efficiency over manual processes, which are contributing significantly to the development of the global IT robotic automation market.Furthermore, robotic automation has the ability to access other software applications sans integration, because of which the adoption of these systems has been proliferating in the finance and accounts sector over the past few years.
However, the global market for IT robotic automation will be adversely affected by security concerns due to misinterpretation of information by these automated systems. In the BPO sector, existing contracts for project outsourcing will restrict the utilization of IT robotic automation. Nevertheless, the IT robotic automation market has tremendous growth potential, provided robotic process automation programs and infrastructural management applications are in place.
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Tools and services are the two segments into which the IT robotic automation market is divided on the basis of type. The tools segment is further sub-segmented into model-based application tools and process-based application tools. With the rising demand for robotic automation of application management, request management, infrastructure management, access management, and others in the IT sector, process-based application tools will exhibit an upsurge during the forecast period.
The report divides the global IT robotic automation market into the regional segments of North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe. In 2013, North America and Europe emerged as the largest markets for robotic automation software.In North America, reasons such as fast adoption of technology, combined with worthwhile initiatives taken by tool providers for creating awareness about robotic automation tools have led to significant growth of the IT robotic automation market. However, Asia Pacific will exhibit the highest growth in the adoption of IT robotics automation during the forecast horizon.
The market has been segmented as follows:
IT Robotic Automation Market, by Type
Tools
Services
IT Robotic Automation Market, by Tools:
Model-based Application Tools
Process-based Application Tools
IT Robotic Automation Market, by Services
Professional
Consulting
Integration and Development
Application Management
Infrastructure Management
BPO
Application Management
Infrastructure Management
Training
IT Robotic Automation Market, by Geography
North America
Europe
Asia-Pacific
Middle East and Africa (MEA)
Latin America
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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