Soaring Demand Set to Propel Information Technology (IT) Robotic Automation Market to $17.3 Billion by 2029

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What Will the Information Technology (IT) Robotic Automation Industry Market Size Be by 2025?
The size of the information technology (IT) robotic automation sector has experienced a swift expansion in the past years. The market is projected to escalate from $7.66 billion in 2024 to $9.02 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 17.7%. Factors such as the heightened demand for robotic process automation (RPA), enhanced client satisfaction, growing investment in R&D, a rise in startups within the robotics sector, increasing need for digitization, and an elevated awareness of the advantages of automation have all played a significant role in driving growth during the previous years.

What's the Long-Term Growth Forecast for the Information Technology (IT) Robotic Automation Market Size Through 2029?
The IT robotic automation market is forecasted to expand significantly in the coming years, reaching an estimated value of $17.3 billion by 2029 with a CAGR of 17.7%. This growth within the forecast period can be credited to factors such as the increasing use within the finance and account sector, an intensified focus on operational agility, the proliferation of IoT devices, the rise in cyber-physical systems, and a heightened demand for real-time analytics. Additional trends contributing to this growth during the forecast period encompass progress in AI-driven automation, improved machine learning competencies, incorporation with cloud platforms, embracing cognitive automation, the advent of process mining tools, the use of no-code automation solutions, and the implementation of hyperautomation for comprehensive process automation.

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What Are the Key Growth Drivers Fueling the Information Technology (IT) Robotic Automation Market Expansion?
The growth of the information technology (IT) robotic automation market is expected to be driven by the rising necessity for a virtual workforce. A virtual workforce is essentially a worldwide network of employees working remotely from various locations, interconnected through digital resources and technology, eliminating the requirement for a central physical office. Progression in digital communication technology, broader internet accessibility, globalization, and the increasing requirement for flexible working setups across varied sectors contribute to the demand for a virtual workforce. By leveraging IT robotic automation, firms within virtual workforce setups can enhance efficiency, simplify remote IT support, and reduce operational costs, while lessening the need for human intervention in monotonous tasks. For example, data from the Office for National Statistics in the UK revealed that in February 2022, 31% of working adults in Great Britain were working remotely, a figure that rose to 40% in February 2023, reflecting a significant boost in remote work over the year. Thus, the escalating demand for a virtual workforce internationally propels the growth of the information technology (IT) robotic automation market.

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What Are the Key Trends Driving Information Technology (IT) Robotic Automation Market Growth?
Leading corporations in the IT robotic automation sector are concentrating on generating evolved solutions like next-gen robotics command platforms to smooth out workflows, boost efficiency, and cut back on manual intervention in complicated IT procedures. The said command platform is a software tool designed to automate tasks such as project oversight, financial management, and customer-related interactions, ultimately leading to enhanced efficiency and less dependence on manual labor. For instance, in June 2024, ABB Ltd., an automation machinery manufacturer based in Switzerland, rolled out OmniCore, a next-gen command platform for robots. OmniCore is built to improve business procedures with swift, accurate, and sustainable robotic aids. It presents a modular command layout for incorporating AI, sensors, cloud, and edge computing thereby aiding advanced autonomous robotics. The platform offers a uniform system with an array of hardware and software attributes, making it apt for sectors, including biotechnology and construction, and facilitates businesses to effortlessly design, manage, and tweak their operations.

How Is the Information Technology (IT) Robotic Automation Market Segmented?
The information technology (it) robotic automationmarket covered in this report is segmented -

1) By Type: Robotic Process Automation (RPA) Technology Supply, Robotic Process Automation (RPA) Service Supply, Other Types
2) By Tools: Process Based Application, Model-Based Application
3) By Application: Banking, Utilities, Healthcare, Other Applications

Subsegments:
1) By Robotic Process Automation (RPA) Technology Supply: RPA Software Platforms, RPA Development Tools, RPA Analytics and Monitoring Tools, RPA Bot Management and Orchestration Tools, Artificial Intelligence (AI) Integration with RPA
2) By Robotic Process Automation (RPA) Service Supply: RPA Consulting Services, RPA Implementation and Integration Services, RPA Training and Support Services, RPA Process Optimization Services, RPA Managed Services
3) By Other Types: Intelligent Process Automation (IPA), Cognitive Automation, Automation as a Service (AaaS), Artificial Intelligence (AI)-Driven Automation

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Which Companies Are Leading the Charge in Information Technology (IT) Robotic Automation Market Innovation?
Major companies operating in the information technology (IT) robotic automation market are Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Atos SE, Sutherland Global Services Inc., Genpact LLC, NICE Systems Ltd., Pegasystems Inc., UiPath Inc., Fortra LLC, Celonis SE, Appian Corporation, Tungsten Automation Corporation, Automation Anywhere Inc., EdgeVerve Systems Limited, Blue Prism Group plc, Nintex Global Ltd., Cyclone Robotics, Amelia US LLC, Redwood Software Inc., Kryon Systems Ltd., Jacada Inc., Bonitasoft S.A., OnviSource Inc.

Which Regions Are Leading the Global Information Technology (IT) Robotic Automation Market in Revenue?
North America was the largest region in the information technology (IT) robotic automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information technology (IT) robotic automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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