Friday, 8 May 2015

Global IT Robotic Automation Market to Reach US$ 4.98 Bn by 2020


The market for IT robotic automation globally is forecast to reach US$ 4.98 Bn by 2020. Key factors driving the global IT robotic automation market include cost benefits and improved efficiency of RPA 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. Moreover, significant reductions in cost, time and labor can be achieved by implementing robotic process automation.

Browse Report with Full TOC at IT Robotic Automation Market http://www.transparencymarketresearch.com/it-robotic-automation-market.html

The global IT robotic automation market was valued at US$ 183.1 Mn in 2013 and is forecast to grow at 60.5% CAGR from 2014 to 2020. Increasing deployment in the business process outsourcing (BPO) industry coupled with expanding application areas in the IT industry are some of the other key factors driving the IT robotic automation market. Some basic processes in IT which can be managed through robotic process automation include access management, request management, availability management, monitoring, incident management, and problem management.

Based on geographic regions, the IT robotic automation market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In terms of regional adoption, North America and Europe acquired majority chunk of the market share in 2013. The early adoption of new technology in North America and initiatives taken by RPA tool providers to create awareness in the region are some key factors responsible for the growth in this region. Europe is another key market where the uptake of RPA technology is highly significant. Moreover, Asia Pacific is expected to witness high growth in the coming years in line with the growth of RPA services market in India.

The IT robotic automation market comprises RPA technology providers and RPA service providers. Some of the key technology providers for RPA include Blue Prism, IPSoft, Inc., Be Informed B.V., Appian Corporation, and Automation Anywhere Inc. whereas RPA service providers include Sutherland Global Services, Tata Consultancy Services, Accenture plc, Cognizant Technology Solutions, Infosys Limited, and Hewlett Packard Company.


The report analyzes the global IT robotic automation market in terms of revenue (US$ Mn). The market has been segmented as follows:

IT Robotic Automation Market, by Type:

  • Tools
  • Services

IT Robotic Automation Market, by Tools:

  • Model-based Application Tools
  • Process-based Application Tools
IT Robotic Automation Market, by Services:

Professional

Consulting
Integration and Development

Application Management
Infrastructure Management

BPO

Application Management
Infrastructure Management

Training

IT Robotic Automation Market, by Geography:

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


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