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Robotic Process Automation (RPA) In Information Technology Market Share, Latest Trends, Growth Status, Top Major Players And Forecast To 2033

10-11-2024 11:36 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Robotic Process Automation (RPA) In Information Technology Market Share

Robotic Process Automation (RPA) In Information Technology Market Share

"""The Business Research Company recently released a comprehensive report on the Global Robotic Process Automation (RPA) In Information Technology Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The robotic process automation (RPA) in information technology market size has grown exponentially in recent years. It will grow from $1.13 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to increased demand for cost efficiency, growing demand for process efficiency, rise of automation in legal processes, increasing demand for workflow optimization, rise of automation in manufacturing processes.

The robotic process automation (RPA) in information technology market size is expected to see exponential growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) 25.7%. The growth in the forecast period can be attributed to increasing adoption of artificial intelligence, rise in remote work culture, rise of automation in entertainment and media, increasing complexity of it environments, growth of automation in transportation and logistics. Major trends in the forecast period include integration of machine learning algorithms, shift towards hyper-automation strategies, adoption of automation in agricultural processes, technological advancements, adoption of automation in financial services.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/robotic-process-automation-rpa-in-information-technology-global-market-report

Market Drivers and Trends:

The rise in remote work culture is expected to propel the growth of the robotic process automation information and technology market going forward. Remote work culture refers to a business environment where employees have the flexibility and capability to perform duties from locations outside of traditional office spaces. Remote work culture is rising due to technological advancements, such as high-speed internet, cloud computing, and collaboration tools, making remote work more feasible and efficient. Robotic process automation (RPA) facilitates a remote work culture by automating repetitive tasks, enabling employees to focus on high-value work regardless of location, and fostering collaboration through digital workflows and real-time access to data and applications. For instance, in February 2023, according to the Office for National Statistics (ONS), a UK-based government agency, 44% of UK workers were working in some form of remote capacity, 16% were full-time remote workers, and 28% were hybrid workers who split their time between office and home-based work. In contrast, in 2022, the number of people working remotely in the UK was 30% of the workforce. Therefore, the rise in remote work culture drives the growth of the robotic process automation information and technology market.

Major companies operating in robotic process automation in the information technology market are developing innovative technologies, such as Next-Gen UiPath automation cloud, to achieve fast and accurate outcomes. The Next-Gen UiPath automation cloud is a technology that provides a comprehensive automation foundation for businesses, allowing them to evolve more efficiently, faster, and more straightforwardly digitally. For instance, in May 2022, UiPath, a US-based software company that makes robotic process automation software, launched the Next-Gen UiPath Automation Cloud. This release by UiPath introduces Automation Cloud Robots and new platform offerings that aim to simplify automation processes, enhance security, and expand access to automation tools for businesses. Automation cloud robots are software-as-a-service (SaaS) robots hosted in the UiPath automation cloud, allowing instant deployment of unattended robots without IT resources or infrastructure.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14478&type=smp

Major Key Players of the Market:

International Business Machines Corporation, SAP SE, Tata Consultancy Services, NICE Ltd., Pegasystems Inc., Verint Systems Inc., Automation Anywhere Inc., UiPath Inc., BlackLine Inc., Blue Prism Group PLC, EdgeVerve Systems Limited, HelpSystems LLC, Kofax Inc., Nintex Pty Ltd., Syntellect Inc., WorkFusion Inc., AntWorks Pte. Ltd., ABBYY USA Software House Inc., Jacada Inc., ElectroNeek Robotics Inc., Redwood Software Inc., OpenConnect Systems Inc., AutomationEdge Technologies Inc., Celaton Ltd., AutomationHero Inc., Kryon Systems Ltd

Robotic Process Automation (RPA) In Information Technology Market 2024 Key Insights:

• The Robotic Process Automation (RPA) In Information Technology Market is expected to grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) 25.7%.
• Remote Work Revolution Fueling The Surge In Robotic Process Automation (RPA) Technology
• UiPath Launches Next-Gen Automation Cloud Revolutionizing Robotic Process Automation With Cloud Robot
• North America was the largest region in the robotic process automation (RPA) in information technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic process automation (RPA) in information technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=14478&type=smp

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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