Information Technology (IT) Robotic Automation Market Size
How Big Is the Information Technology (IT) Robotic Automation Market Expected to Be, and What Will Its Growth Rate Be?
The size of the IT robotic automation market has experienced rapid expansion in the past few years. The market is projected to increase from $7.66 billion in 2024 to $9.09 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.6%. The growth seen in the historic period is attributed to factors such as heightened demand for robotic process automation (RPA), enhanced customer user experiences, increased investments in R&D, burgeoning robotic startups, a surging demand for digitization, and a rising knowledge of the advantages automation brings.
The market size for IT robotic automation is predicted to expand rapidly in the coming years, reaching a worth of $17.78 billion in 2029 with a CAGR of 18.3%. This expansion during the forecast period is attributed to its increasing use in the financial and accounting sectors, the rising focus on operational agility, the growth of IoT devices, the increase in cyber-physical systems, and the surge in demand for real-time analytics. The forecast period also suggests significant trends such as improvements in AI-powered automation, heightened machine learning abilities, integration with cloud platforms, the uptake of cognitive automation, advancements in process mining tools, the integration of no-code automation solutions, and the application of hyperautomation for comprehensive process automation.
What Are the Primary Growth Drivers for the Information Technology (IT) Robotic Automation Market?
Expectations of the information technology (IT) robotic automation market’s growth are primarily being driven by the growing need for virtual workforces. Globally, remote employees form a network that leverages digital tools and technology to carry out their duties from different locations, negating the need for a traditional physical office. This shift towards a virtual workforce is a result of advancements in digital communication technology, wider internet accessibility, globalization, and a rising demand for flexible work structures across different sectors. IT robotic automation can be beneficial in enhancing efficiency, improving remote IT support, and reducing operational expenses in these virtual work environments, effectively reducing the need for human intervention in repetitive tasks. For example, the Office for National Statistics reported in February 2023 that the percentage of working adults in Great Britain doing their job from home increased significantly, going up from 31% in February 2022 to 40% in February 2023. Consequently, the surging demand for the virtual workforce around the globe endorses the development of the information technology (IT) robotic automation market.
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Who Are the Dominant Companies Influencing Information Technology (IT) Robotic Automation Market Trends?
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.
Which Key Developments Are Influencing the Information Technology (IT) Robotic Automation Market?
Leading businesses in the IT robotic automation sector are concentrating on the development of innovative technologies, like future generation robotic management structures for business organization, to refine processes, boost productivity, and lessen man-made interference in intricate IT procedures. The cutting-edge robotics management system is a software that makes tasks like project management, finance, and customer interaction easier and automated, bolstering efficiency and lessening the need for human input. As an illustration, ABB Ltd., a Swiss company that manufactures automation equipment, introduced OmniCore, a sophisticated robotics control platform in June 2024. OmniCore improves business practices with swift, accurate, and long-lasting robotic solutions. It facilitates a modular control design that combines AI, sensors, cloud and edge computing, promoting superior autonomous robotics. The platform espouses a joined-up setup integrating an array of hardware and software capabilities, thus making it adaptable for industries like biotechnology and construction, and allowing businesses to effortlessly conceive, regulate, and augment their operations.
What Are the Different Segmentations in the Information Technology (IT) Robotic Automation Market?
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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Which Region Is at the Forefront of 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.
What Is Covered In The Information Technology (IT) Robotic Automation Global Market Report?
– Market Size Analysis: Analyze the information technology (it) robotic automation Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the information technology (it) robotic automation Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the market.
– Market Contribution: Evaluate contributions of different segments to the overall information technology (it) robotic automation market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the information technology (it) robotic automation market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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