IT Robotic Automation Market to Reach $ 4.98 Bn by 2020 | Automation.com

IT Robotic Automation Market to Reach $ 4.98 Bn by 2020

IT Robotic Automation Market to Reach $ 4.98 Bn by 2020

According to a new market report published by Transparency Market Research “IT Robotic Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the market for IT robotic automation globally is forecast to reach US$ 4.98 Bn by 2020. Key factors driving the global IT robotic automation market include cost benefits and improved efficiency of RPA over manual process handling, ability to leverage other application software without integration, increasing adoption in finance and accounting (F&A) sector and potential alternative to offshore outsourcing among others. Moreover, significant reductions in cost, time and labor can be achieved by implementing robotic process automation.

it-robotic-automation-market

The global IT robotic automation market was valued at US$ 183.1 Mn in 2013 and is forecast to grow at 60.5% CAGR from 2014 to 2020. Increasing deployment in the business process outsourcing (BPO) industry coupled with expanding application areas in the IT industry are some of the other key factors driving the IT robotic automation market. Some basic processes in IT which can be managed through robotic process automation include access management, request management, availability management, monitoring, incident management, and problem management.

Based on geographic regions, the IT robotic automation market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In terms of regional adoption, North America and Europe acquired majority chunk of the market share in 2013. The early adoption of new technology in North America and initiatives taken by RPA tool providers to create awareness in the region are some key factors responsible for the growth in this region. Europe is another key market where the uptake of RPA technology is highly significant. Moreover, Asia Pacific is expected to witness high growth in the coming years in line with the growth of RPA services market in India.

The IT robotic automation market comprises RPA technology providers and RPA service providers. Some of the key technology providers for RPA include Blue Prism, IPSoft, Inc., Be Informed B.V., Appian Corporation, and Automation Anywhere Inc. whereas RPA service providers include Sutherland Global Services, Tata Consultancy Services, Accenture plc, Cognizant Technology Solutions, Infosys Limited, and Hewlett Packard Company.

Browse the full IT Robotic Automation Market Report at http://www.transparencymarketresearch.com/it-robotic-automation-market.html

This report analyzes the global IT robotic automation market in terms of revenue (USD Million). The market has been segmented as follows:

IT Robotic Automation Market, by Type:

Tools

Services

IT Robotic Automation Market, by Tools:

Model-based Application Tools

Process-based Application Tools

IT Robotic Automation Market, by Services:

Professional

Consulting

Integration and Development

Application Management

Infrastructure Management

BPO

Application Management

Infrastructure Management

Training

IT Robotic Automation Market, by Geography:

North America

Europe

Asia-Pacific

Middle East and Africa (MEA)

Latin America

 

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

 

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