IT Robotic Automation Market The Rise of Demand Market Analysis and Growth Expectations in 2030 | Xerox Corporation, Verint System Inc

IT robotic automation includes the use of software with artificial intelligence and machine learning capabilities to automate routine tasks like data entry, monitoring system health and security, and responding to basic users requests. It is used across industries to reduce operating costs and free up resources for more strategic work.

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Market Dynamics:

The global IT robotic automation market is expected to witness significant growth owing to the rising demand for automating routine business processes like data entry, monitoring and security, and basic customer requests. With IT robotic automation solutions, operations can be streamlined with 24/7 monitoring and responses, allowing organisations to redirect human resources to more critical tasks. Additionally, the ability of robotic automation tools to work at machine speed allows processing of large volumes of data and transactions overnight or in real-time, leading to improved productivity and reduced costs. The market is also driven by the ability of robotic automation to reduce the burden on IT departments and help organisations scale operations seamlessly according to business needs.

IT Robotic Automation Market Drivers

The Growing Demand for Business Process Automation to Boost Efficiency and Reduce Operation Costs

The growing demand for automating repetitive business processes is one of the key drivers augmenting the growth of the IT robotic automation market. Automating mundane tasks through software robots helps organizations streamline operations, improve productivity, reduce errors, enhance data accuracy and allow human employees to focus on more strategic and creative tasks. As businesses continue to grapple with cost pressures and demand for higher efficiencies, robotic process automation provides a cost-effective means to automate high-volume repetitive tasks. The ability of RPA tools to work 24/7 and integrate with existing legacy systems without disrupting the business workflow is fueling their adoption across industries.

The Increasing Need among Organizations to Remain Competitive in a Fast-paced Digital Environment

The constantly evolving digital environment and disruptive technologies have made it imperative for organizations to transform their processes to remain competitive. Adopting emerging technologies like RPA, artificial intelligence and machine learning enables enterprises to be agile and responsive to changing market needs. As digital transformation becomes the norm rather than an option, companies are using robotic automation to derisk transformation programs, automate manual tasks and processes, streamline operations, enhance customer experience and gain a competitive advantage over rivals in this digital era. The growing focus on embracing innovative technologies is another key driver propelling the demand for IT robotic automation solutions.

Key Company Profiles:

Xerox Corporation, Verint System Inc., Uipath SRL, Redwood Software, Pegasystems Inc., Nice Systems Ltd., Ipsoft, Inc., Celaton Ltd., Blue Prism PLC, and Automation Anywhere

Market segmentation:

By Type:
Tools: Model based, Process based.

Services:
Professional: Consulting, Integration and development, BPO, Training
Regional Analysis:

●North America (U.S., Canada)
● Europe (U.K., Italy, Germany, France, Rest of EU)
● Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
● Latin America (Chile, Brazil, Argentina, Rest of Latin America)
● Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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IT Robotic Automation Market Restrain

Resistance to Change among Employees due to Fear of Job Losses

One of the major challenges inhibiting the widespread adoption of robotic automation technology is the resistance to change from employees who fear that automation will make their jobs redundant. When organizations implement RPA tools to automate routine tasks previously done by humans, it leads to anxiety among staff about potential job losses. Allaying such fears and helping employees understand how their roles will be reskilled to perform higher value work is important to overcome negative perceptions. Extensive education and training programs need to be conducted to facilitate smooth adaptation to technological advancements. Addressing employee concern about change management remains a key restrain for the IT robotic automation market.

IT Robotic Automation Market Opportunity

The Growing Need to Automate Customer Support Processes and Enhance CX

The ever-growing demand from customers for superior digital experiences and prompt issue resolution is opening up new opportunities for IT robotic automation. Automating repetitive customer support tasks like password resets, order status updates, basic queries management through virtual agents allows enterprises to provide 24/7 support at lower costs. It also helps free up human agents to handle more complex issues that require empathy and judgment. As customer experience emerges as a key competitive differentiator, companies are increasingly recognizing robotic process automation as an effective means to derive valuable insights from customer interactions, automate basic processes and operations, and provide personalized omnichannel support. This presents a major window of opportunity for the robotic automation market to grow.

IT Robotic Automation Market Trends

The Rising Adoption of Cognitive Automation and Artificial Intelligence

One of the major trends gaining traction in the IT robotic automation landscape is the integration of cognitive technologies like artificial intelligence, machine learning and natural language processing with RPA tools. The combination of cognitive automation and RPA is allowing bots to perform tasks that require human-like perception, problem-solving skills, making complex decisions based on contextual understanding and interacting with users through natural conversations. By infusing AI capabilities, IT vendors are offering third-generation cognitive RPA solutions that can automate tasks beyond rules-based repetitive jobs. As cognitive automation provides ability to automate tasks that previously required human judgement and insight, its adoption is expected to surge going ahead and reshape the IT robotic automation domain.

Key Questions in This Report:

How big is the world market for IT Robotic Automation Market right now?

What is the anticipated rate of growth for the IT Robotic Automation Market worldwide between 2023 and 2030?

What are the primary elements propelling the IT Robotic Automation industry worldwide?

Which are the main kinds of IT Robotic Automation Market and how are they used?

Which areas are the main IT Robotic Automation Market?

Which companies/major players dominate the global IT Robotic Automation Market?

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