The global IT robotic automation market is anticipated to evolve at a CAGR of 43.01% throughout the forecasting years. Increased efficiency, ability to leverage other software without needing integration and improved scalability are factors proliferating the IT robotics automation market growth globally. IT robotics automation offers more adaptability to decrease or increase production levels at low expense effectively.
IT robotics automation market is segmented on the basis of geography, technology, tools, and service. The process-based application holds the largest share in the tools segment as it is globally adapted to capture and interpret established applications to process a transaction, manipulate data with other digital systems. The technology segment is dominated by back-office data-driven technology as it possesses great scope in the future; unlike humans, software robots do not get tired or bored and can operate efficiently. Among all the services, professional services hold the highest demand in the market.
Regions that are covered in the report are North America, Europe, Asia-Pacific, and RoW. North America has the largest market share of IT robotics automation market followed by Europe. Demand for increased service quality from consumers and fast adoption of technology has led to the growth of the market in North America. On the other hand, the Asia-Pacific is expected to be the fastest growing market in the region during the years 2018-2026.
The major market players for IT robotics automation are Blue Prism, Be Informed B.V., Appian Corporation, IPSOFT, Inc., Tata Consultancy Services Limited (TCS), Hitachi, Toshiba, Google Inc., Ge, and Genpact Inc.