IT Robotic Automation Market: Overview
The IT robotic automation market report provides analysis for the period 2014–2024, wherein 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 growth of the IT robotic automation market 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 regions which include North America, Europe, Asia Pacific (APAC), Middle East &Africa (MEA), and South America. The IT robotic automation market has been segmented by solutions 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 &development, and BPO services.
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. The report also includes ecosystem analysis to recognize key participants in the IT robotic automation market along with their role in the ecosystem. Moreover, the report provides an overview of the various strategies of key players in the market.
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 the finance and accounting (F&A) sector, and as an alternative to offshore outsourcing. The robotic process automation decreases human intervention in routine repetitive tasks and thus creates a virtual workforce for handling a large number of tasks. Additionally, automation takes place at the GUI layer which eliminates the need of integration with other systems. Moreover, robots can work for long duration eliminating the constraints of limited hours of human labor. Thus, significant reductions in cost, time, and labor can be achieved by implementing robotic process automation.
IT services providers are looking forward to leverage robotic process automation to enhance their capabilities and sustain in the competitive IT industry. Time savings and reduction in operational cost particularly are major factors while responding to the evolving consumer needs and these are key factors impacting the overall growth of IT enterprises.
The major providers of IT robotic automation solutions include 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 UiPathSRL. As the need for more interactive and user friendly automation solutions increases in future, the market is likely to witness wider changes with intense competition. Furthermore, owing to tight training and development budgets, organizations prefer cost-effective solutions to offer training resources, thus enabling substantial growth opportunities in developing regions in the coming years.
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