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Attractive Benefits of Robotic Automation to Propel Global IT Robotic Automation Market to US$5 bn by 2020

Posted on Dec 10, 2015

Transparency Market Research (TMR) has recently published a research study on the global IT robotic automation market, estimating the market to expand at an exceptional CAGR of 60.50% during the period from 2014 to 2020 and reach a market value of US$5 bn by the end of the forecast period.The research report, titled “IT Robotic Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, states that worldwide market for IT robotic automation stood at US$0.2 bn in 2013.

 

Browse the full IT Robotic Automation Market (RPA Tools and RPA Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/it-robotic-automation-market.html

According to the research study, robotic automation in IT has emerged as the most preferred alternative to offshore outsourcing. The benefits offered by robotic automation over manual process handling such as cost efficiency and increased competence are projected to stimulate the growth of the global IT robotic automation market significantly over the forecast period. The increasing application of robotic automation in the finance and accounting industry in order to curb unnecessary expenditure is also expected to propel this market in the coming years, states the report.

 

The research report analyzes the global market for IT robotic automation on the basis of types of automation. Robotic process automation tools and robotic process automation services are the two main segments of the worldwide IT robotic automation market. The RPA services segment led the global market in 2013. The partnership contracts between IT service providers and RPA tool suppliers have significantly fuelled demand from this market segment.The development in RPA technology, coupled with increasing uptake of RPA in BPO across the globe, is projected to significantly boost the growth of this market segment over the forecast period, notes the market study.

it-robotic-automation-market

The RPA tools market has been further sub-segmented into process-based application tools and model-based application tools. Likewise, the report further classifies the RPA services segment into professional services and training services.As per the market report, Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe are the major regional markets for IT robotic automation across the world. Europe and North America dominated the global market in 2013.North America, being an early adopter of the technology, has emerged as the leader in the global market. Various initiatives adopted to spread awareness regarding robotic automation have also supported the IT robotic automation market in this region.

 

Europe has acquired the second position in the worldwide IT robotic automation market at present and the IT robotic automation market in Asia Pacific is also showing a great potential for growth owing to the rapid rise in IT infrastructure in India, states the market study.Blue Prism, Appian Corp., Be Informed B. V., IPSoft Inc., Infosys Ltd., Tata Consultancy Services Ltd., Cognizant Technology Solutions Corp., Capgemini, Atos SE, Genfour, Automation Anywhere Inc., Genpact Ltd., and Sutherland Global Services Inc. are some of the key market participants, mentioned in this research report.

 

The global IT robotic automation market is segmented into:

 

 By Types

  • Robotic Process Automation Tools
    • Model-based Application Tools
    • Process-based Application Tools
  • Robotic Process Automation Services
    • Professional
      • Consulting
      • Integration and Development
        • Application Management
        • Infrastructure Management
      • BPO
        • Application Management
        • Infrastructure Management
  • Training

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Latin America

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

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