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IT Robotic Automation Market - Global Industry Analysis

IT Robotic Automation Market By Application (Healthcare, Banking, Utilities, Other), By tools (Process based Application tools, Model-based Application tools): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028

Published Date: 08-Jul-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-2572 Status : Published

The Global IT Robotic Automation Market accounted for USD 1,141 Million in 2020 and is expected to reach USD 7,292 Million by 2028, growing at a CAGR of 26.1% from 2021 to 2028.

Description

Market Overview

The Global IT Robotic Automation Market accounted for USD 1,141 Million in 2020 and is expected to reach USD 7,292 Million by 2028, growing at a CAGR of 26.1% from 2021 to 2028.

The Robotic Automation are used by computer software or machines to mimic the tasks performed by humans. With the help of Robotic Process Automation (RPA) technology, IT robotic automation is achieved using software automation. IT robotic automation is useful in improving the efficiency and integration. The market is primarily driven by the increasing need for the virtual workforce worldwide. Nowadays, the technologies such as Machine Learning and Natural language processing are embedded in the intelligent automation platforms which have been empowering the citizen developers to achieve digital workflow transformation. Also, RPA has been extending to the areas beyond Information Technology as more and more organizations are observing its benefits across a variety of business processes and departments.

COVID-19 Impact Analysis

The global impacts of COVID-19 are estimated to positively affect the IT Robotic Automation market in 2021. With the outbreak of COVID19, there have increasing social distancing norms that have been implemented in various countries. Due to the this, there has been increasing usage of robotic process automation solutions in the day-to-day activities in the organizations. Also, due to less availability of human workforce, the enterprises are expected to adopt the Robotic Automation processes thus increasing the overall demand of IT robotic automation solutions for the next two years. Thus, it can projected that the overall effect of Covid-19 on IT Robotic Automation Market will be positive.

Growth Factors

The increasing demand for the virtual workforce worldwide has been recently driving this market. The rising adoption of Artificial Intelligence and the cloud-based solutions are also the reasons for the demand for IT Robotic Automation. The adoption of software robots to manage the repetitive work carried out by staff is also the reason driving the market. Also, growing deployment of SaaS, IaaS and PaaS for the customer relationship management, open source resources, network connectivity and other applicable financial services is making the demand increase for IT Robotic Automation.

The IT Robotic Automation services provide high scalability for increasing or decreasing the production levels at a reduced cost. Therefore, in the industries where demand for products and services is seasonal, the robotic automation effectively helps throughout at fixed quality and service levels. Due to the increasing adoption of Automation Software in finance and accounting sector, there is high demand for IT Robotic Automation.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Channel Analysis Preview

The use of combination of robots and artificial intelligence have been prevalent in order to replace and augment human operations in banking. The Robotic Automation has streamlined a wide variety of back office processes and has shifted much of the tedious and manual tasks from humans to machines. It has been greatly in demand due to its ability to save labor costs and gain operational efficiency. Also, as there is high amount of data on which banks operate, therefore implementing Robotic Automation has been greatly beneficial to minimize the manual process of huge data, thus avoiding errors.

Tools Analysis Preview

The Robotic Automation Process based tools minimize repetitive and time consuming jobs and therefore based on the application there are wide variety of process based application tools that are available in the market. These tools are such that the non-tech people can also use it very easily and thus can finish their challenging tasks within minimum time. They are useful in mid and large sized companies, compatible for use on cloud platforms, hybrid platforms or on-premises. Therefore, the overall demand for the process based IT Robotic Automation tools has been ever increasing.

Regional Analysis Preview

North America held a share of 37% in 2020. It is supposed to be one of the highest revenue-generating regions for this market during the forecasted period. Due to the high penetration rate of process management and automation solutions among the organizations and government agencies, the demand for the IT Robotic Automation solutions is high in this region. Also, the increased awareness of using these tools to improve various business functions of accounting/finance, data entry, procurement detail and HR related processes is one of the reasons for the higher demand. The U.S government has been encouraging other government agencies to implement such solutions using Robotic Automation and this has fostered the overall demand for IT Robotic Automation market.

Asia-Pacific is expected to have the CAGR of 30.1% from 2021 to 2028. There has been increasing product adoption across the telecom, pharma, retail, IT and healthcare industries. The rising awareness among SMEs and other industries is also the factor fostering the demand for this market. The rising demand for automation in the Business Process Outsourcing (BPO) sector is making the demand for this market grow high. Also, Asia being the hub of IT , manufacturing and outsourcing sector where automation solutions are on high demand to reduce redundant tasks, these robotic solutions are on increasing demand in his region.

Key Market Players & Competitive Landscape

Some of the key players in the IT Robotic Automation market include Blue Prism, Automation Anywhere, UiPath, NICE, Pegaystems, KOFAX, Inc., NTT Advanced Technology Corp., EdgeVerve Systems, FPT Software, HelpSystems, OnviSource, Inc., Cognizant Technology Solutions, Infosys, Genpact Ltd., Appian Corporation, Sutherland Global Services, Genfour, Ipsoft, Tata Consultancy Services and Capgemini among others.

In March 2021, UiPath, the giant in Robotic Process Automation acquired Cloud Elements, which develops API integration platforms. With this acquisition, UiPath continues to mark its innovation in the automation sector, and it will be the first provider to offer enterprise-grade user interface (UI) and API-based automation capabilities on a single platform.

The Global IT Robotic Automation Market is segmented as follows:

By Application

  • HealthCare
  • Banking
  • Utilities

By Tools

  • Process Based Application
  • Model Based Application

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Application
        • 2.1.1.2. Market Attractiveness Analysis, By Touls
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global IT Robotic Automation Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 IT Robotic Automation Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Healthcare
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Banking
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Utilities
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 IT Robotic Automation Market – Touls Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Touls, 2020 & 2028
    • 5.2. Process Based Application
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Model Based Application
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 IT Robotic Automation Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Touls, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Application, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Touls, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Application, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Touls, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Application, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Touls, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Touls, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Application, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Touls, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Application, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Touls, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Application, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Touls, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Application, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Touls, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Application, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Touls, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Touls, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Touls, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Application, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Touls, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Application, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Touls, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Application, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Touls, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Application, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Touls, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Application, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Touls, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Touls, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Touls, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Application, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Touls, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Application, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Touls, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Touls, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Touls, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Application, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Touls, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Touls, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Touls, 2016 – 2028
  • Chapter No. 7 IT Robotic Automation Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global IT Robotic Automation Market: Company Market Share, 2019
      • 8.1.2. Global IT Robotic Automation Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global IT Robotic Automation Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global IT Robotic Automation Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. Blue Prism
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Automation Anywhere
    • 9.3. UiPath
    • 9.4. NICE
    • 9.5. Pegaystems
    • 9.6. KOFAX Inc.
    • 9.7. NTT Advanced Technology Corp.
    • 9.8. EdgeVerve Systems
    • 9.9. FPT Software
    • 9.10. HelpSystems
    • 9.11. OnviSource Inc.
    • 9.12. Cognizant Technology Sulutions
    • 9.13. Infosys
    • 9.14. Genpact Ltd.
    • 9.15. Appian Corporation
    • 9.16. Sutherland Global Services
    • 9.17. Genfour
    • 9.18. Ipsoft
    • 9.19. Tata Consultancy Services
    • 9.20. Capgemini
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Tools
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global IT Robotic Automation Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 7. Global IT Robotic Automation Market for Healthcare, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of IT Robotic Automation Market for Healthcare, By Country, 2020 & 2028
FIG NO. 9. Global IT Robotic Automation Market for Banking, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of IT Robotic Automation Market for Banking, By Country, 2020 & 2028
FIG NO. 11. Global IT Robotic Automation Market for Utilities, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of IT Robotic Automation Market for Utilities, By Country, 2020 & 2028
FIG NO. 13. Market Revenue Share, By Tools, 2020 & 2028
FIG NO. 14. Global IT Robotic Automation Market for Process Based Application, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of IT Robotic Automation Market for Process Based Application, By Country, 2020 & 2028
FIG NO. 16. Global IT Robotic Automation Market for Model Based Application, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of IT Robotic Automation Market for Model Based Application, By Country, 2020 & 2028
FIG NO. 18. Global IT Robotic Automation Market Revenue Share, By Region, 2020 & 2028
FIG NO. 19. North America IT Robotic Automation Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 20. Porter’s Five Forces Analysis for Global IT Robotic Automation Market
FIG NO. 21. PEST Analysis for Global IT Robotic Automation Market
FIG NO. 22. Pricing Analysis for Global IT Robotic Automation Market
FIG NO. 23. Value Chain Analysis for Global IT Robotic Automation Market
FIG NO. 24. Company Share Analysis, 2019
FIG NO. 25. Radar Determinant Chart, 2019
FIG NO. 26. Company Strategic Developments – Heat Map Analysis
FIG NO. 27. Blue Prism Business Segment Revenue Share, 2020 (%)
FIG NO. 28. Blue Prism Geographical Segment Revenue Share, 2020 (%)
FIG NO. 29. Market Channels
FIG NO. 30. Marketing Channel Development Trend
FIG NO. 31. Growth in World Gross Product, 2008-2018
FIG NO. 32. Research Methodology – Detailed View
FIG NO. 33. Research Methodology
 


List of Tables

TABLE NO. 1. Global IT Robotic Automation Market: Snapshot
TABLE NO. 2. Quarterly IT Robotic Automation Market Revenue by Region, 2020
TABLE NO. 3. Quarterly IT Robotic Automation Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global IT Robotic Automation Market for Healthcare, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global IT Robotic Automation Market for Banking, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global IT Robotic Automation Market for Utilities, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global IT Robotic Automation Market for Process Based Application, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global IT Robotic Automation Market for Model Based Application, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global IT Robotic Automation Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 12. North America IT Robotic Automation Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 13. North America IT Robotic Automation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 14. North America IT Robotic Automation Market Revenue, By Tools, 2016 – 2028 (USD Million)
TABLE NO. 15. U.S. IT Robotic Automation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 16. U.S. IT Robotic Automation Market Revenue, By Tools, 2016 – 2028 (USD Million)
TABLE NO. 17. Canada IT Robotic Automation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 18. Canada IT Robotic Automation Market Revenue, By Tools, 2016 – 2028 (USD Million)
TABLE NO. 19. Mexico IT Robotic Automation Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 20. Mexico IT Robotic Automation Market Revenue, By Tools, 2016 – 2028 (USD Million)
TABLE NO. 21. Drivers for the IT Robotic Automation Market: Impact Analysis
TABLE NO. 22. Restraints for the IT Robotic Automation Market: Impact Analysis
TABLE NO. 23. Major Buyers of IT Robotic Automation
TABLE NO. 24. Distributors/Traders List of IT Robotic Automation
TABLE NO. 25. Global IT Robotic Automation Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 26. Global IT Robotic Automation Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)

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FrequentlyAsked Questions

The Global IT Robotic Automation Market was valued at USD 1,141 Million in 2020.

The Global IT Robotic Automation Market is expected to reach USD 7,292 Million by 2028, growing at a CAGR of 26.1% between 2021 to 2028.

Some of the key factors driving the Global IT Robotic Automation Market growth are the increasing demand for the virtual workforce worldwide, the rising adoption of Artificial Intelligence and the cloud-based solutions. The adoption of software robots to manage the repetitive work carried out by staff is also the reason driving the market. Also, growing deployment of SaaS, IaaS and PaaS for the customer relationship management, open source resources, network connectivity and other applicable financial services is making the demand increase for IT Robotic Automation.

North America held a share of 37%  in 2020. It is supposed to be one of the highest revenue-generating regions for this market during the forecasted period. Due to the high penetration rate of process management and automation solutions among the organizations and government agencies, the demand for the IT Robotic Automation solutions is high in this region. Also, the increased awareness of using these tools to improve various business functions of accounting/finance, data entry, procurement detail and HR related processes is one of the reasons for the higher demand.

Some of the key players in the IT Robotic Automation market include Blue Prism, Automation Anywhere, UiPath, NICE, Pegaystems, KOFAX, Inc., NTT Advanced Technology Corp., EdgeVerve Systems, FPT Software, HelpSystems, OnviSource, Inc., Cognizant Technology Solutions, Infosys, Genpact Ltd., Appian Corporation, Sutherland Global Services, Genfour, Ipsoft, Tata Consultancy Services and Capgemini among others.

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