IT robotic automation technology gaining stronger promise in altering workplaces

Technology - Mohit Shah - Jul 07,2017

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it robotic automation technology gaining stronger promise in altering workplaces

It has been noted that the IT robotic automation market would soon expand at a CAGR of 47.1% over the period between 2016 and 2024.

IT robotic automation is seen as the go-to solution for organizations to gain benefit from process automation as well as advanced analytics in processes and operations at economical prices; this wasn’t possible with earlier automation approaches. Over the years, IT robotic automation has successfully modernized the way many business processes, workflow processes, IT management and support processes, and back-office processes are handled in a cost effective manner.

As per the latest report published by Market Research Reports Search Engine (MRRSE), the IT robotic automation market is anticipated to expand at a CAGR of 47.1% during the period between 2016 and 2024. If the present fruitful conditions are retained, the market will shoot to a valuation of US$16,884.0 mn by the end of 2024.

Considering the solution types, the IT robotic automation market offers two crucial types of solutions, namely, tools and services. Adding further, it has been analyzed that the IT robotic automation tools segment are likely to expand at a faster CAGR of 51.8% as compared to the services segment. However, the IT robotic automation services’ segment at presently is dominating, accounting for a share of over 68% in the worldwide market in 2015. 

Looking at the geographical aspect for this sector, the IT robotic automation market has been predominantly accepted in various industries in North America, making this region the dominant shareholder in the international IT robotic automation market based on revenue contribution.

Presently,  the main providers of IT robotic automation include Appian, Be Informed B.V., Blue Prism, IPSoft, Inc., Infosys Limited, Tata Consultancy Services Limited., Cognizant Technology Solutions Corp., Atos SE, Genfour, Capgemini and Genpact Ltd.

 

For more information on this report visit- http://www.mrrse.com/it-robotic-automation-market