Uploaded on Jul 23, 2020
IT Robotic Automation Market Estimate to Observe an Enormous Growth To 2026
IT Robotic Automation Market
IT Robotic Automation Market Estimate to Observe an Enormous Growth To 2026
Market Overview
Robotic process automation is an application that offers computer software configuration, which helps to
capture and interpret the manipulated data, transaction, processing responses, and create a
communicating process with other digital systems. The rising demand for advanced automation solutions
in various industries, especially in the IT industry due to increase in the working speed of employees, has
helped fuel growth of the IT robotic automation market globally. The increasing demand for process
automation in big data analytics is a result of time effective extraction of insights, which in turn, fuels
growth of the global IT robotic process automation market. Moreover, the demand for modernization of
business processes has increased, owing to improvement in productivity and increasing customer
satisfaction thus, boosting the demand for IT robotic automation solution.
In addition, the increasing popularity of robotic automation in the IT industry for process improvement,
especially for accounting and financial management has become a crucial factor fueling growth of the IT
robotic automation market. Moreover, the robotic automation tools is largely adopted by BPO services
and infrastructural management. IT robotic automation offers data integration, query handling, payment
processing, task allocation, and automating invoicing, which help boost demand for IT robotic automation
solutions in the IT industry, in turn, fueling growth of the market.
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Market Dynamics
On the basis of geography, the global IT robotic automation market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant position in
the global market and is projected to retain its dominance throughout the forecast period. The rampant
innovation in computing technology observed in the North American region, is a major factor
contributing to rapid growth of the market in the region. Moreover, the increasing demand for IT and IT-
related services have helped increase the demand for IT robotic automation technology in the region.
Countries such as the U.S. and Canada observe the presence of major companies. Similarly, Asia Pacific
is projected to exhibit the highest CAGR over the forecast period. India, China, and Japan are some of
the major countries in the region that help drive growth of the market for IT robotic automation. The
increasing government and private investment to develop IT-related infrastructure, has also boosted
growth of the IT robotic automation market in Asia Pacific.
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Xerox Corporation, Verint System Inc., Uipath SRL, Redwood Software, Pegasystems Inc., Nice
Systems Ltd., Ipsoft, Inc., Celaton Ltd., Blue Prism PLC, and Automation Anywhere are some of the
major players operating in the global IT robotic automation market.
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