Global IT Robotic Automation Market to Exhibit 60.5% CAGR 2014-2020 Owing to Major Cost and Operational Benefits
A market research report analyzing the global IT robotic automation market has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE). The detailed and professionally written document examines all the crucial details of the market and presents an extensive forward looking perspective of how various factors will transform the market over the report’s forecast period.
The report, “IT Robotic Automation Market (RPA Tools and RPA Services) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” states that the market will exhibit a staggering 60.5% CAGR over the forecast period, and rise from a valuation of US$0.183 bn in 2013 to US$4.98 bn by 2020.
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A plethora of factors will help the market achieve the aforementioned growth over the forecast period. This include the significant cost and efficiency benefits offered by IT robotic automation over manual handling of processes and operations and the potential alternative provided by IT robotic automation to offshore outsourcing. The rising adoption of IT robotic automation in the finance and accounting sector is also a major driver of the market.
Robotic automation, which refers to the practice of a computer or a machine mimicking human actions and completing a set of rule-based tasks, is accomplished in the IT industry by virtue of an automation software. A number of processes in the IT industry are being increasingly managed with the help of robotic process automation (RPA), including problem management, availability management, request management, access management, and incident monitoring and management.
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The report examines this market, which is marked by enormous potentiality, on the basis of two criteria: type and geography.
On the basis of type, the global IT robotic automation market has been further segmented into services and tools. The segment of IT robotic automation tools has been further segmented into model-based application tools and process-based application tools. On the basis of services, the market has been examined for robotic automation services such as consulting, professional, BPO, integration and development, infrastructure management, application management, and training. Based on geography, the market has been segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
Companies operating in the global IT robotic automation market can be segmented into two types: RPA service providers and RPA technology providers. Some of the most influential RPA service providers in the global market are Tata Consultancy Services, Sutherland Global Services, Infosys Limited, Cognizant Technology Solutions, Accenture plc, and Hewlett Packard Company. Some of the key RPA technology providers in the market are IPSoft, Inc., Automation Anywhere Inc., Be Informed B.V., Blue Prism, and Appian Corporation.