Robotic Process Automation RPA In Information Technology
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How Large Will the Robotic Process Automation (RPA) In Information Technology Market Size By 2025?
There has been an exponential growth in the sphere of robotic process automation (RPA) in the field of information technology market over the recent years. The market which stood at $1.42 billion in 2024 is predicted to surge to $1.78 billion by 2025, reflecting a compound annual growth rate (CAGR) of 25.3%. This growth over the historic period is credited to the rising demand for cost effectiveness, enhancing desire for optimized processes, the emergence of automation in law procedures, escalating demand for business optimization and the rise of manufacturing processes automation.
How Big Is the Robotic Process Automation (RPA) In Information Technology Market Size Expected to Grow by 2029?
Anticipated to see a significant surge in the coming years, the market size of robotic process automation (RPA) in information technology is projected to grow to $4.48 billion by 2029, with a compound annual growth rate (CAGR) of 25.9%. This growth over the forecast period can be credited to the escalating adoption of artificial intelligence, the burgeoning remote work culture, the proliferation of automation in the entertainment and media sectors, the increasing intricacy of IT environments, and the rise of automation in transportation and logistics. The forecast period is set to witness trends such as the fusion of machine learning algorithms, a shift towards hyper-automation strategies, the uptake of automation in agricultural processes, technological progress, and the embrace of automation in financial services.
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Which Key Market Drivers Powering Robotic Process Automation (RPA) In Information Technology Market Expansion and Growth?
The trend towards remote working is predicted to fuel the expansion of the robotic process automation information and technology market. Remote working culture, a business environment allowing staff to work from places beyond the conventional office, is on the rise because of novel technological enhancements, like speedy internet, cloud technology, and tools fostering cooperation, which render remote work more viable and efficient. Robotic process automation (RPA) boosts remote working by automating monotonous tasks, allows employees to concentrate on tasks of high importance regardless of where they are situated, and encourages cooperation via digital workflows and immediate access to data and apps. For example, in February 2023, data released by the Office for National Statistics (ONS), a UK government agency, showed that 44% of the UK’s workforce was working remotely in some capacity, with 16% being full-time remote workers, and 28% were hybrid workers, dividing their work between office and home. This marks a contrast with 2022 when only 30% of the UK workforce was remote. Consequently, the increasing trend of remote work is spurring the growth of the robotic process automation information and technology market.
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Which Fast-Growing Trends Are Poised to Disrupt the Robotic Process Automation (RPA) In Information Technology Market?
Top firms active in the robotic process automation in the IT sector are developing forward-thinking technologies such as the Next-Gen UiPath automation cloud for faster and more precise results. The Next-Gen UiPath automation cloud gives a holistic automation base for businesses, paving the way for streamlined, quicker, and more simplified digital transformation. For instance, in May 2022, the American software company UiPath, recognized for its robotic process automation software, introduced the Next-Gen UiPath Automation Cloud. Among the new features released by UiPath are Automation Cloud Robots and unique platform offerings designed to make the automation process easier, boost security, and widen the accessibility to automation tools for businesses. The Automation Cloud Robots, offered as software-as-a-service (SaaS) and hosted on the UiPath automation cloud, enable the swift deployment of unattended robots without the need for IT resources or infrastructure.
What Are the Emerging Segments in the Robotic Process Automation (RPA) In Information Technology Market?
The robotic process automation (RPA) in information technology market covered in this report is segmented –
1) By Tool: Model-Based Application, Process Based Application
2) By Technology: Back Office Data-Driven Process, Voice Recognition, Digital Detection, Remote Infrastructure Management, Interactive Voice Response (IVR) Systems, Internet Retailers And Services Provider
3) By Service Type: Professional Services, Training Services
Subsegments:
1) By Model-Based Application: Low-code/No-code RPA Tools, Drag-and-drop Process Automation Tools, Process Simulation Tools
2) By Process-Based Application: Task Automation Tools, Workflow Automation Tools, End-to-End Business Process Automation Tools
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Who Are the Global Leaders in the Robotic Process Automation (RPA) In Information Technology Market?
Major companies operating in the robotic process automation (RPA) in information technology market are International Business Machines Corporation, SAP SE, Tata Consultancy Services, NICE Ltd., Pegasystems Inc., Verint Systems Inc., Automation Anywhere Inc., UiPath Inc., BlackLine Inc., Blue Prism Group PLC, EdgeVerve Systems Limited, HelpSystems LLC, Kofax Inc., Nintex Pty Ltd., Syntellect Inc., WorkFusion Inc., AntWorks Pte. Ltd., ABBYY USA Software House Inc., Jacada Inc., ElectroNeek Robotics Inc., Redwood Software Inc., OpenConnect Systems Inc., AutomationEdge Technologies Inc., Celaton Ltd., AutomationHero Inc., Kryon Systems Ltd
Which are the Top Profitable Regional Markets for the Robotic Process Automation (RPA) In Information Technology Industry?
North America was the largest region in the robotic process automation (RPA) in information technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic process automation (RPA) in information technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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