Information Technology (IT) Robotic Automation
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What Is the Projected Growth of the Information Technology (IT) Robotic Automation Market?
The rapid expansion of the IT robotic automation industry’s scale was noted in the last few years. The market value is forecasted to surge from $7.66 billion in 2024 to a staggering $9.09 billion in 2025, marking a compound annual growth rate (CAGR) of 18.6%. Factors such as the escalating demand for robotic process automation (RPA), superior customer experiences, heightened investment in R&D, an upsurge in robotic startups, increasing need for digitization, and growing cognizance of the advantages of automation have contributed to the increase in the historic timeframe.
In the coming years, the IT robotic automation market is anticipated to experience significant expansion. It’s projected to surge to $17.78 billion by the year 2029, maintaining a compound annual growth rate (CAGR) of 18.3%. This projected growth over the forecasted period can be credited to factors like the increased application in the finance and account sector, growing emphasis on operational agility, proliferation of internet of things (IoT) devices, emerging cyber-physical systems, and escalating need for real-time analytics. The timeline under prediction will see key trends such as the advancement of AI-fueled automation, improved machine learning abilities, incorporation with cloud platforms, acceptance of cognitive automation, advancements in process mining tools, embracing of no-code automation solutions, and the utilization of hyperautomation for comprehensive process automation.
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What Are the Different Information Technology (IT) Robotic Automation Market Segments?
The information technology (IT) robotic automation market covered in this report is segmented –
1) By Type: Robotic Process Automation (RPA) Technology Supply; Robotic Process Automation (RPA) Service Supply; Other Types
2) By Tools: Process Based Application; Model-Based Application
3) By Application: Banking; Utilities; Healthcare; Other Applications
Subsegments:
1) By Robotic Process Automation (RPA) Technology Supply: RPA Software Platforms; RPA Development Tools; RPA Analytics and Monitoring Tools; RPA Bot Management and Orchestration Tools; Artificial Intelligence (AI) Integration with RPA
2) By Robotic Process Automation (RPA) Service Supply: RPA Consulting Services; RPA Implementation and Integration Services; RPA Training and Support Services; RPA Process Optimization Services; RPA Managed Services
3) By Other Types: Intelligent Process Automation (IPA); Cognitive Automation; Automation as a Service (AaaS); Artificial Intelligence (AI)-Driven Automation
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What Are the Primary Drivers Shaping the Information Technology (IT) Robotic Automation Market?
The projected growth of the information technology (IT) robotic automation market is set to be driven by a growing need for a virtual workforce. This virtual workforce refers to a group of remote employees situated globally, linked through advanced digital tools, enabling them to execute their job functions without a central physical workspace. This need for a digital workforce stems from major technological developments in digital communication, increased internet accessibility, globalisation as well as the rising demand for flexible work modalities across diverse sectors. IT robotic automation, when deployed in such virtual work environments, allows companies to boost productivity, optimise remote IT support, and bring down operational costs by reducing the need for human intervention in monotonous tasks. For example, the Office for National Statistics noted that in February 2022, 31% of working adults in Great Britain were working from home. However, this figure rose to 40% by February 2023, reflecting a substantial year-on-year rise in remote working. Consequently, this escalating global need for a virtual workforce is catalysing the growth of the IT robotic automation market.
Which Companies Are Leading in the Information Technology (IT) Robotic Automation Market?
Major companies operating in the information technology (IT) robotic automation market are Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Atos SE, Sutherland Global Services Inc., Genpact LLC, NICE Systems Ltd., Pegasystems Inc., UiPath Inc., Fortra LLC, Celonis SE, Appian Corporation, Tungsten Automation Corporation, Automation Anywhere Inc., EdgeVerve Systems Limited, Blue Prism Group plc, Nintex Global Ltd., Cyclone Robotics, Amelia US LLC, Redwood Software Inc., Kryon Systems Ltd., Jacada Inc., Bonitasoft S.A., OnviSource Inc.
What Are the Major Trends Shaping the Acellular Dermal Matrices Market?
Companies leading in the IT robotic automation market are prioritizing the development of sophisticated solutions to enhance operational efficiency and decrease the necessity of human involvement in complicated IT procedures. These solutions include futuristic robotic control platforms for business administration tasks like project management, finance, and customer service interactions. As an example, in June 2024, ABB Ltd., a Swiss automation machinery manufacturer, unveiled their latest robotic control platform named OmniCore. This platform upgrades business operations with rapid, accurate and sustainable robotic solutions. It has a modular control layout enabling the integration of AI, sensory technology, cloud and edge computing for advanced autonomous robotics. OmniCore incorporates a comprehensive set of hardware and software features, which makes it versatile for sectors such as biotechnology and construction, and empowers businesses to smoothly design, oversee and enhance their operations.
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What Are the Top Revenue-Generating Geographies in the Information Technology (IT) Robotic Automation Market?
North America was the largest region in the information technology (IT) robotic automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information technology (IT) robotic automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Information Technology (IT) Robotic Automation Market?
2. What is the CAGR expected in the Information Technology (IT) Robotic Automation Market?
3. What Are the Key Innovations Transforming the Information Technology (IT) Robotic Automation Industry?
4. Which Region Is Leading the Information Technology (IT) Robotic Automation Market?
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