Published on : Aug 23, 2018
Albany, New York, August 23, 2018: In recent years, robotic automation has restructured the means of managing various business processes, IT management and support processes, workflow processes, and back-office work. The latest study, titled “IT Robotic Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been added to the wide repository of Market Research Hub (MRH) which offers a comprehensive analysis of the current market trends and future estimations in the market. Moreover, the report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global IT robotic automation market growth during the said period.
Forecast Assumptions & Key Insights
Geographically, the report is segmented into the IT robotic automation market into North America, Middle East & Africa (MEA), Europe, Asia Pacific, and South America; the regions are analyzed in terms of revenue and volume generation along with the CAGR for the period from 2018 to 2026. During the mentioned forecast period, the report covers all the major trends and technologies playing a key role in the growth of the IT robotic automation market. As per the research evaluations, the global IT robotic automation market was valued at US$ 1,108.4 Mn in 2017 and is expected to expand at a remarkable CAGR of 28.1% during the forecast period from 2018 to 2026.
Automation empowers perfections in accuracy and increased productivity in process transaction while enriching the nature of work by excluding employees from doing gloomy and repetitive task. Analysts find that IT robotics automation is evolving in terms of reliability and transparency, therefore more organizations are embracing automation technology. Some of the prime benefits of robotic automation are cost benefits and increased process efficiency over manual processes, which are contributing extensively to the growth of the IT robotic automation market worldwide.
The study has been further analyzed on the basis of solutions into tools and services, by tools into model-based and process-based, by services into professional and training, and by professional into consulting integration and development, and BPO. On the basis of geography, the research finds that North America is anticipated to observe significant growth in the coming years. Rapid developments in computing technologies in the region is a prime reason behind this regional growth. In this market, growing implementation of cloud-based solutions is likely to boost market growth steadily during the forecast period.
Additionally, the research report covers detailed competitive assessment in the IT robotic automation market. Various aspects related to key companies are discussed in this section, making this report a complete intelligence package. At present, the major providers of IT robotic automation includes Blue Prism, Tata Consultancy Services Limited., Automation Anywhere, Inc., Be Informed B.V., Appian, IPSoft, Inc., Infosys Limited, Cognizant Technology Solutions Corp., Atos SE, Capgemini, Genfour, Genpact Ltd., Sutherland Global Services, Inc., and UiPath SRL.
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