Global IT Robotic Automation Market Trends, Growth, Analysis and Forecast 2017 - 2025 Just Published

IT robotic automation is a go-to solution for organizations to benefit from process automation and advanced analytics in operations and processes at economical prices, which was not possible with earlier automation approaches. IT robots (automation software) are programmed to be used with data-driven and rule-based processes, which work towards aspects such as improving productivity and compliance accuracy, and can be applied irrespective of industry and application. IT robotic automation has modernized the way various business processes, IT management and support processes, workflow processes, and back-office processes are managed in a cost effective manner.

The technology holds strong promise in transforming workplaces and is expected to see adoption at an exponential rate the next few years. Transparency Market Research estimates that the IT robotic automation market will expand at a CAGR of 47.1% over the period between 2016 and 2024. If the number holds true, the market will rise to a valuation of US$16,884.0 mn by 2024.

Request For Sample Report: http://www.mrrse.com/sample/741

IT Robotic Automation Services to Comprise Bulk of Market Revenue

The IT robotic automation market is segmented in the report on the basis of two crucial types of solutions offered by the market: tools and services. The market for IT robotic automation tools is anticipated to expand at a faster CAGR of 51.8% as compared to the segment of services. The IT robotic automation services’ segment, however, presently dominates, accounting for a share of over 68% in the global market in 2015. The services’ segment is expected to continue to comprise the bulk of revenue gained by the global market in the next few years as well.

The tools’ segment is further categorized into model-based and process-based application tools, where the model-based tools segment is anticipated to lead the market, holding a share of over 52% of the global market by 2024. Of the two key types of services offered by companies in the IT robotic automation market, the segment of training services is expected to expand at a faster growth rate as compared to professional services over the forecast period.

Early Adoption to Help North America Retain Market Dominance

IT robotic automation has been predominantly adopted in various industries in North America, making the region the dominant shareholder in the global IT robotic automation market in terms of revenue contribution. Rapid developments in computing technologies in the region indicate that the region will continue to observe significant growth in the field of IT robotic automation in the coming years as well. In addition, the rising IT and IT-related services are likely to bring surge in the implementation of automation services in the region in the next few years.

?Europe is likely to witness healthy growth in terms of the demand for IT robotic automation over the period between 2016 and 2024, considering the increasing preference to robotics in transforming workplaces. Owing to the vast pool of services and tools offered by service providers in the region, the utilization of robotic software across a large number of small-, medium-, and large-scale businesses is expected to expand at a healthy pace in the next few years.

Asia Pacific is anticipated to be a high potential market for the IT robotic process automation during the forecast period. Technologically advanced countries such as Japan and China are the major contributors in terms of adoption of process automation in the region. Furthermore, rising investments in corporate sector and instantaneous developments of IT infrastructure in the developing countries such as India and Philippines are anticipated to favor the IT robotic automation market in Asia Pacific in the near future.

Some of the key global providers of IT robotic automation are Blue Prism, Be Informed B.V., Appian, IPSoft, Inc., Tata Consultancy Services Limited., Infosys Limited, Cognizant Technology Solutions Corp., Atos SE, Capgemini, Genfour, Genpact Ltd., Automation Anywhere, Inc., Sutherland Global Services, Inc., and UiPath Srl.

The IT Robotic Automation market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast and 2015 is the base year. The report covers all the major trends and technologies playing a key role in the IT robotic automation market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said period in terms of revenue (in US$ Mn). The report provides brief analysis for the geographies which include North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. The IT robotic automation market has been segmented by solutions type into tools and services. These are further segmented into model-based application tools and process-based application tools. The services are further studied based on professional and training services. Professional services are further segmented into consulting, integration and development, and BPO services.

Browse Full Report With TOC: http://www.mrrse.com/it-robotic-automation-market

The market overview section of the report outlines the drivers, restraints, and opportunities that influence the current nature and future standing of this market. The report represents the market attractiveness for segments that include solution, tools and services, and their sub-segments influencing the adoption of IT robotic automation. Report also includes ecosystem analysis to recognize key participants in the IT robotic automation along with their role in the ecosystem. Moreover, the report provides an overview of the various strategies of key players in the market.

Global IT Robotic Automation Market: Overview

Major factors driving the global IT robotic automation market include cost benefits and improved efficiency in process handling, ability to leverage other application software without integration, increased adoption in finance and accounting (F&A) sector and alternative to offshore outsourcing. The robotic process automation decreases the human intervention in routine repetitive tasks and thus creates a virtual workforce for handling large number of tasks. Additionally, automation takes place at the GUI layer which eliminates need of integration with other systems. Moreover, robots can work for long duration terminating the constraints of limited hours of human labor work. Thus, significant reductions in cost, time and labor can be achieved by implementing robotic process automation.

Global IT Robotic Automation Market: Competitive Dynamics

The report also highlights the competitive landscape of the IT robotic automation market, positioning all the major players according to their geographic presence, solutions/services offered, focus on research and development, and recent developments. The comprehensive IT robotic automation market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the IT robotic automation market’s growth.

The IT robotic automation market involves robotic automation technology providers and robotic automation service providers. The major providers of IT robotic automation includes Blue Prism, Be Informed B.V., Appian, IPSoft, Inc. , Tata Consultancy Services Limited., Infosys Limited, Cognizant Technology Solutions Corp., Atos SE, Capgemini, Genfour, Genpact Ltd., Automation Anywhere, Inc., Sutherland Global Services, Inc., and UiPath Srl. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

The IT Robotic Automation market is segmented as below:

IT Robotic Automation Market

By Solution

Tools
Services
By Tools

Model Based
Process Based
By Services

Professional
Consulting
Integration and Development
BPO
Training
By Geography

North America
Europe
Asia Pacific
Middle East and Africa
South America

Send An Enquiry: http://www.mrrse.com/enquiry/741

About Us

Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact                   

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: http://www.mrrse.com/

This release was published on openPR.