Leading market participants of the IT robotic automation Market elaborated in the report include Blue Prism, Appian, Amelia, Tata Consultancy Services Limited, Infosys Limited, Cognizant Technology Solutions Corp, Atos SE, Capgemini, Genpact Ltd., Automation Anywhere, Inc., Sutherland Global Services, Inc., Uipath SRL
NEWARK, Del., May 10, 2022 /PRNewswire/ -- The global IT robotic automation market is estimated to reach US$ 5.3 Billion by 2022. The market is expected to reach US$ 22.8 Billion by 2032 while recording a CAGR of 15.7% during the forecast period from 2022 to 2032.
From 2016 to 2021, the market flourished at a value CAGR worth 39.7%, closing at a valuation of US$ 4.1 Billion. Automation of robotic processes allows companies to be more flexible in their operations. By increasing productivity and increasing efficiency in businesses, this advanced technology is revolutionizing enterprise operations.
Over time, software robots will be available to all organizations as open-source RPA tools mature. The technology to build software robots will soon be available for free on GitHub, so it will be hard for individual robots to justify license costs.
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Key Takeaways from the Market Study
- By application, IT robotic automation services to flourish at a CAGR of 32% until 2032
- In the U.S, the market is predicted to reach US$ 7.4 Billion while growing at a CAGR of 15.7% during the forecast period.
- China's market will grow at an 18.6% CAGR during the forecast period
- UK recorded a CAGR of 16.1% during the forecast period
- Japan is expected to reach a CAGR of 28.2% during the forecast period between 2022 and 2032
"Advancements in robotics science tools and techniques will make the RPA field grow substantially and thus will reduce the likelihood of inaccurate regulatory reporting, enhance analytics, and improve data accuracy in the future."
Leading Companies Profiled in IT Robotic Automation Market are
- Blue Prism
- Appian
- Amelia
- Tata Consultancy Services Limited
- Infosys Limited
- Cognizant Technology Solutions Corp
- Atos SE
- Capgemini
- Genpact Ltd.
- Automation Anywhere, Inc.
- Sutherland Global Services, Inc.
- Uipath SRL
In September of 2021, Vista Equity Partners, a private equity firm that owns the analytics vendor Tibco, planned to acquire Blue Prism, a robotic process automation company, for $1.5 billion and, once the offer had been approved by the company's shareholders, they would merge both companies.
Dynamic Automation and Robotics, headquartered in Simi Valley, CA, was acquired by ATC Automation in September 2021. In the custom automation and robotics market, Dynamic has a history of meeting customer needs. In addition to enhancing ATC Automation's geographic and technological footprint, Dynamic will immediately compliment them.
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More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global IT robotic automation market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights By Applications (Tools, (Model-based application tools, Process-based application tools)Services(Professional(Consulting (Application Management, Infrastructure Management), (Integration and Devices(Application Management, Infrastructure Management)))(BPO)), across five major regions (North America, Europe, Asia Pacific, Middle East and Africa and South America)
Key Segments Covered in the IT Robotic Automation Industry Report
IT Robotic Automation by Application:
- IT Robotic Automation Tools
- Model-based Application Tools
- Process-based Application Tools
- IT Robotic Automation Services
- Professional IT Robotic Automation Services
- Consulting
- Application Management
- Infrastructure Management
- Integration and Development
- Application Management
- Infrastructure Management
- BPO
- IT Robotic Automation Training
IT Robotic Automation by Region:
- North America IT Robotic Automation Market
- Europe IT Robotic Automation Market
- Asia Pacific IT Robotic Automation Market
- Middle East and Africa IT Robotic Automation Market
- South America IT Robotic Automation Market
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