The IT robotic automation market is poised for remarkable growth, with a projected compound annual growth rate (CAGR) of 15.7%. This dynamic sector is anticipated to reach a substantial valuation of US$ 22.8 billion in the foreseeable future. The driving force behind this rapid expansion lies in the increasing demand for automation solutions in the information technology sector.
IT robotic automation offers organizations the opportunity to streamline their operations, enhance efficiency, and reduce human error by automating various IT processes. As businesses strive to optimize their productivity and reduce operational costs, the IT robotic automation market is becoming a pivotal player in the global tech landscape, with substantial growth on the horizon.
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Key Takeaways From The IT Robotic Automation Market:
- 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
Competitive Landscape:
- 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 complement them.
Leading Key Players:
- 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
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IT Robotic Automation Market Segmentation:
By Application:
- Tools
- Model-based Application Tools
- Process-based Application Tools
- Services
- Professional Services
- Consulting
- Application Management
- Infrastructure Management
- Integration and Development
- Application Management
- Infrastructure Management
- BPO
- Consulting
- Training
- Professional Services
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
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