Global Robotic Process Automation (RPA) In Information Technology Market Projected to Surpass $4.48 Billion by 2029 with 25.9% Annual Growth

"Which drivers are expected to have the greatest impact on the over the robotic process automation (rpa) in information technology market's growth?
The increased prevalence of remote working is anticipated to fuel the expansion of the IT-focused robotic process automation market. The term 'remote work culture' applies to a business scenario where employees are equipped and free to execute their tasks from locales beyond conventional office environments. This remote working trend is being propelled by developments in technology such as high-speed internet, cloud technology, and collaboration tools, which make remote work more practical and productive. Robotic process automation (RPA) supports this shift towards remote work by automating routine tasks, allowing staff to concentrate on more important work regardless of their location, and promoting cooperation through digital processes and instant access to data and applications. As an example, the Office for National Statistics (ONS), a government agency in the UK, reported in February 2023 that 44% of UK employees were performing some form of remote work, with 16% working remotely full time and another 28% as hybrid workers splitting their time between office and home. This is in stark contrast to 2022 when only 30% of the UK workforce was working remotely. Consequently, the surge in remote working is boosting the growth of the IT market for robotic process automation.

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What is the future CAGR of the robotic process automation (rpa) in information technology market, and how will it impact industry expansion?
In recent years, the market size for robotic process automation (RPA) in the information technology sector has seen immense growth. Forecasts indicate that it will expand from $1.42 billion in 2024, to reach $1.78 billion in 2025, following a compound annual growth rate (CAGR) of 25.3%. Factors contributing to the growth during the historical period include a heightened demand for cost efficiency, a growing need for process efficiency, the emergence of automation in legal processes, a surge in demand for workflow optimization, and the increasing use of automation in manufacturing processes.

The size of the information technology market for robotic process automation (RPA) is projected to experience considerable acceleration in growth in the coming years. It is anticipated to expand to $4.48 billion by 2029 with a compound annual growth rate (CAGR) of 25.9%. This predicted growth is due to factors like increased use of artificial intelligence, a growing remote work environment, an upsurge in automation in the entertainment and media sectors, the escalating complexity of IT infrastructures, and the expansion of automation in the transportation and logistics sectors. The period of forecast will be marked by key trends such as the integration of machine learning algorithms, the shift towards hyper-automation strategies, the application of automation in agricultural practices, progressive technological breakthroughs, and the incorporation of automation in financial services.

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What are the most significant trends transforming the robotic process automation (rpa) in information technology market today?
Pioneering corporations in the robotic process automation field within the IT sector are cultivating groundbreaking technologies, such as the Next-Gen UiPath automation cloud, to attain prompt and precise results. The Next-Gen UiPath automation cloud is an innovative solution that offers thorough automation support for businesses, facilitating their swift, efficient, and hassle-free digital progression. For example, in May 2022, UiPath, a US-based company specializing in robotic process automation software, unveiled their latest development, the Next-Gen UiPath Automation Cloud. This release brought to the market, Automation Cloud Robots and other new platform offerings designed to streamline automation procedures, enhance security measures and widen the accessibility of automation tools for commercial entities. Automation cloud robots are SaaS robots housed in the UiPath automation cloud, enabling swift deployment of unattended robots without the necessity for IT resources or infrastructure.

Which key market segments comprise the robotic process automation (rpa) in information technology market and drive its revenue growth?
The robotic process automation (RPA) in information technology market covered in this report is segmented -

1) By Tool: Model-Based Application, Process Based Application
2) By Technology: Back Office Data-Driven Process, Voice Recognition, Digital Detection, Remote Infrastructure Management, Interactive Voice Response (IVR) Systems, Internet Retailers And Services Provider
3) By Service Type: Professional Services, Training Services

Subsegments:
1) By Model-Based Application: Low-code/No-code RPA Tools, Drag-and-drop Process Automation Tools, Process Simulation Tools
2) By Process-Based Application: Task Automation Tools, Workflow Automation Tools, End-to-End Business Process Automation Tools

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North America was the largest region in the robotic process automation (RPA) in information technology market in 2024. 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.

Who are the leading players fueling growth in the robotic process automation (rpa) in information technology market?
Major companies operating in the robotic process automation (RPA) in information technology market are 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

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What Is Covered In The Robotic Process Automation (RPA) In Information Technology Global Market Report?

•Market Size Forecast: Examine the robotic process automation (rpa) in information technology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the robotic process automation (rpa) in information technology market for a structured understanding.
•Key Players Overview: Analyze major players in the robotic process automation (rpa) in information technology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the robotic process automation (rpa) in information technology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the robotic process automation (rpa) in information technology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the robotic process automation (rpa) in information technology market.
•Industry Challenges: Identify potential risks and obstacles affecting the robotic process automation (rpa) in information technology market.
•Competitive Landscape: Review strategic developments in the robotic process automation (rpa) in information technology market, including expansions, agreements, and new product launches.

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