It Robotic Automation Market

Robotic process automation (RAP) is a form of business process automation technology based on metaphorical software robots or artificial intelligence. The robotic automation software tools aid in the automation of existing user actions and thereby allowing IT companies to save cost since robotic software can replace the employees perfuming similar repetitive tasks.

Market Dynamics

The demand of IT robotic automation is rapidly increasing in the business process outsourcing market. BPO industry is rapidly growing as it supports wide range of back office tasks processes on the contract basis. Majority of these task requires skilled labor and infrastructure. By using robotic process automation, BPOs can achieve high-cost savings and faster processing along with improvements in efficacy. The key potential areas where RPA can be utilized include Record-to-Report (R2R) outsourcing, Human Resource Outsourcing (HRO), Customer Services, and Invoicing and Order Management among others. Therefore use of IT robotics automation in the BPO industry will help to reduce the overall cost.

Furthermore, robot-as-a-service market is expected to rapidly grow across the globe especially in the healthcare sector. Current pandemic COVID 19 situation is forcing government to invest in the Healthcare sector to adopt advanced technology such as robotics which is expected positively aid the global IT robotics automation market.

However, factors such as security concerns of the technology over increased access to individuals are expected to hinder the global IT robotic automation market growth over the forecast period.

Market Taxonomy

This report segments the global IT robotic automation market on the basis of type and region. On the basis of type, the global IT robotic automation market is segmented into tools and services. Tool segment is further segmented into Model based and Process based. The Services segment is further segmented into o            Professional and training. The professional segment is further segmented into Consulting, Integration and development, and BPO. On the basis of region, the global IT robotic automation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Key features of the study:

• This report provides an in-depth analysis of the global IT robotic automation market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global IT robotic automation market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global IT robotic automation market are Blue Prism, Genpact Ltd., Be Informed B. V., Genfour, Appian Corporation, Capgemini, IPSoft, Inc., Infosys Limited, Atos SE, Tata Consultancy Services Limited, and Cognizant Technology Solutions Corp.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global IT robotic automation market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global IT robotic automation market.

Detailed Segmentation:

• Global IT Robotic Automation Market, By Type:
• Tools
• Model based
• Process based
• Services
• Professional
• Consulting
• Integration and development
• BPO
• Training
• Global IT Robotic Automation Market, By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Company Profiles
• Blue Prism*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Genpact Ltd.
• Be Informed B. V.
• Genfour
• Appian Corporation
• Capgemini
• IPSoft, Inc.
• Infosys Limited
• Atos SE
• Tata Consultancy Services Limited
• Cognizant Technology Solutions Corp.

 *Browse all the market data tables and figures on “Global IT Robotic Automation Market- Forecast to 2027”