Global IT Robotic Automation Market is growing at a CAGR of 60.9% during the forecast period 2015 to 2022. Cost benefits and enhanced efficiency over manual process handling, growing recognition in finance and accounting segment, ability to leverage other application software without integration are some of the key factors driving the market growth.
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IT robotics automation, which configures a software that can capture and interpret the actions of existing applications employed in various business processes provided a gateway for such organizations into delivering better output in a cost-effective manner which was not possible with earlier automation approaches. IT robotics automation include process automation and advanced analytics in operations and processes at economical prices.
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It also brings in modernization by replicating exact day to day human tasks at the user interface level in IT management processes which maybe at routine or incident level, support processes and back office processes.
Robotic automation involves a practice in which a machine or computer software mimics human actions in order to complete rule-based tasks. In context of IT industry, robotic automation is accomplished by using automation software, which utilizes the Robotic Process Automation (RPA).
Robotic automation helps reduce the operating costs while additionally supporting agility in order to meet the customers' varying and evolving needs. The robotic automation software tools help automate existing user actions and thereby, facilitate IT companies in incurring cost savings as robotic software can replace the employees performing similar repetitive tasks.
The important driver increasing growth in the global IT Robotic Automation Market is High product innovation. Advanced and innovative technologies are governing this field which is boosting the growth of the market which is quite evident from the promising growth of small and large companies.
From start-ups to large companies, the biggest drivers are the leaps precision sensors, intelligent software, end-effectors technology, embedded control, and human-robot interaction.
The technologies of IT robotic automation market are used extensively for various purposes. Robots are significantly replacing human workforce with a virtual workforce.
The fundamental workforce also functions differently to human complements. It has huge scope in the future since software robots do not become bored or tired, unlike human beings.
So in relations of pure transactional handling, they achieve far more effectiveness.
IT robotic automation market include cost benefits and improved efficiency 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.
Business Process Outsourcing (BPO) is one of the major segments in the IT industry where high acceptance of robotic process automation is expected in the coming years. In 2015, North America and Europe were the key contributors to the global IT robotic automation market.
Major companies offering RPA tools witness the U.S. as a prospective area for the development of RPA technology.
The market has a vast opportunity to develop with the execution of robotic process automation in application and infrastructure management.
Some of the key players in global IT robotic automation market are Cognizant Technology Solutions Corp., Infosys Limited, Blue Prism, Genpact Ltd., Sutherland Global Services, Inc., IPSoft, Inc., Tata Consultancy Services Limited, Capgemini, Automation Anywhere, Inc., Be Informed B.V., Atos SE, Genfour and Appian Corporation.
Types of IT Robotic Automation Covered:
o Model-based Application Tools
o Process-based Application Tools
Table of Content:-
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 Emerging markets
4 Porters Five Force Analysis
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