SMEs are rapidly adopting Artificial Intelligence technologies and cloud-based solutions to improve business operation.
In today’s world, organizations stipulate for improved productivity and accuracy, primarily in the tasks which don’t really require decision making to accomplish irrespective of their industry, product or services.
IT robotics automation, which configures a software that can capture and interpret the actions of existing applications employed in various business processes provided a gateway for such organizations into delivering better output in a cost-effective manner which was not possible with earlier automation approaches.
The size of the global IT robotic automation market was estimated at US$ 4.1 billion in 2021 and is expected to increase by 15.7 percent annually, from US$ 5.3 billion in 2022 to US$ 22.8 billion in 2032.
IT robotics automation include process automation and advanced analytics in operations and processes at economical prices. It also brings in modernization by replicating exact day to day human tasks at the user interface level in IT management processes which maybe at routine or incident level, support processes and back office processes.
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IT Robotics Automation Market: Drivers and Challenges
Today, many autonomous technologies are being introduced which improve productivity, accuracy, and compliance in the industry but these technologies are finding it difficult to deliver all such aspects simultaneously on various platforms for consistent quality output.
This undoubtedly is creating a separate need for robotics automation market which in return make organizations more agile and responsive which is a need in today’s global and complex market. Furthermore, technological advancements in the field of IT robotics automation decreases errors increasing efficiency which results into extra time to innovate, develop and focus on customer satisfaction.
When an organization chooses to opt for Robotics Automation it results into taking role of an IT personnel causing a decrease in morale across organization due to downsizing which could be a resistance for business. Also a change in internal government policies for Robotics Automation Market would potentially impact the workflow causing a major problem for the business.
IT Robotics Automation Market: Segmentation
IT robotics automation market can be segmented on basis of solutions, services, tools, and by regions. On the basis of solutions market can be segmented as tools and services, while on basis of services it could be segmented by professional and training services.
While considering tools it can be segmented as product based and operation based. Region wise global IT robotics automation market can be segmented into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
IT Robotics Automation Market: Regional Overview
About more than a million robots are expected to be deployed by 2025. North America presents a large market opportunity for IT Robotics Automation Market in countries such as US and Canada due to increased integration of automation and workflow management solutions in enterprises.
Latin America is embracing automation technologies and applications in IT processes at a substantial pace due to advancing of RPA. Along with North America, countries such as China, Japan, Russia and UK are characterized as fast adopters of IT Robotics Automation. In Europe countries such as Italy, Belgium, and France are considered as slow adopters of IT Robotics Automation compared to North America.
IT Robotics Automation Market: Competition Landscape
The IT Robotics Automation Market comprises RPA technology providers and RPA service providers. Some major technology providers for RPA include Blue prism, IPSoft Inc., Be Informed B.V., Appian Corporation, and Automation Anywhere Inc., while RPA services providers include Tata Consultancy Services, Accenture, Infosys, Hewlett Packard Company, and Cognizant Technology Solutions.
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Aug 07, 2022
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