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Pulished Date August, 2021
ID: 11946
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IT Robotic Automation Market Report - Segmented By Type (Software And Service), By Service (Consulting, Implementing And Training), By Deployment Type (Cloud And On Premises), By Organization Size (Small And Medium Size And Large Enterprises), By Application (BFSI, Retail And Consumer Goods, Pharma And Healthcare, IT And Telecom, Communication And Media And Education, Manufacturing, Logistics, Energy And Utilities) And By Geography – Forecast (2021-2026)

Pulished: August, 2021
ID: 11946
Pages: 150

IT Robotic Automation Market Size & Growth Analysis (2021-2026)

The IT Robotic Automation Market was worth US$ 1.34 billion in 2021, and it is estimated to reach a valuation of US$ 9.13 billion by the end of 2026, expanding at an annual growth rate of 26.9% between 2021 and 2026. The growing demand for the AI incorporated in RPA bots and its application in increasing automated processes across the companies is a factor that is expected to lead the IT Robotic Automation market during the forecast period.

The IT Robotic Automation is nothing but a computer software setup method which aids in gathering and interpretation of modified data as well as the processing of responses, transactions, creation of a communication process with other digital systems. This software can also be utilized in a variety of industries to increase the production rates without sacrificing the quality since the IT industry has transformed by the concept of being a machine that works more efficiently than the people with enhanced precision and also time saving performance.

 

Recent Developments

  • Automation Anywhere corporation has launched its first integrated Artificial Intelligence driven process discovery solution that discovers the business processes and also creates bots to automate them, this bot uses AI and machine learning to automatically capture and also analyze the users actions to uncover common, repetitive process steps as the employees navigation between business applications.
  • In the month of February 2020, an operations management and analytics company EXL has made a strategic partnership with Blue Prism PLC, which will made to see EXL incorporate analytics, artificial intelligence, machine learning and other innovative technologies into Blue Prism’s connected RPA platform.
  • Blue Prism Company has made a partnership with Nexis solutions in the month of January 2020 in which this partnership will see Blue Prism’s connected RPA platform which was integrated with Nexis Diligence to help the organizations to improve the efficiency as well as the effectiveness of their entity due diligence process with intelligent automation capabilities.

DRIVERS

Several benefits such as increasing use of RPA bots by businesses especially in some sectors such as BFSI, healthcare, IT and telecom, to boost the productivity and efficiency while lowering the labour cost for repetitive operations is expected to play an essential role in the growth of market of IT Robotic Automation across the globe. Another factor such as the growing of requirement to automate repetitive tasks across various corporate domains such as tech support, technology, finance, HR, operations and procurement across the globe which influence the growth of IT Robotic Automation market during the forecast period. Technology innovation and advancement, and also the entry of new industry players are some of the major driving factors which promotes the growth of the revenue rate of IT Robotic Automation market during the forecast period.

RESTRAINTS

Risk of data security which prevents the installation of robotic process automation and restricted potential of robotic automation of knowledge based business process acts as an important deterrent to the growth of the IT Robotic Automation market.

Market Segmentation

The IT Robotic Automation market is segmented based on type, based on service, based on deployment type, based on organization and based on application.

By type, the IT Robotic Automation Market is divided into software and service. The service segments held the prominent share in terms of revenue and this segment is predicted to remain at the forefront throughout the forecast period due to the rising demand to accomplish repetitive high volume tasks by outsourcing RPA.

 

By service, the IT Robotic Automation Market is divided into consulting, implementing and training.  Among these segments, the service segment holds the major share of the market  due to the factors such as increasing awareness about automation among organizations and also this type of service is crucial in RPA to identify the type of RPA solution which was required based on the nature of enterprise’s business.

 

By deployment type, the IT Robotic Automation Market is divided into cloud deployment type and on premises deployment type. The on premise deployment type segment holds the major share of the market and this segment is expected to hold the dominance during the forecast period.

 

By organization size, the IT Robotic Automation Market is divided into small and medium size enterprises and large enterprises.

 

By application, the IT Robotic Automation Market is segmented into BFSI, retail and consumer goods, pharma and healthcare, IT and telecom, communication and media and education, manufacturing, logistics, energy and utilities. The BFSI segment held prominent share of the market among the other segments.

 

Regional Analysis

North America region hold the prominent share of the market owing to the high penetration rate of process management and automation solutions among enterprises and government agencies. Rising adoption of RPA among SME’s owing to increased awareness about improving various business functions such as accounting, finance, data entry, record keeping, etc. propels the growth of the market. The North America region is expected to hold the dominance during the forecast period.

Asia Pacific region is also expected to increase the market growth due to the rising of product adoption across pharma, healthcare, IT and telecom, retail and manufacturing industries in some of the major economies of the region such as India, China and Japan propels the growth of the revenue rate of the enterprises software market during the forecast period. Furthermore, rising awareness among other industries and SMEs is also one of the major driving factor which promotes the growth of the revenue rate of the IT Robotic Automation market.

Europe is expected to hit the highest CAGR in the coming years by owing to increasing investments on the development of new technologies in the IT sector.

Latin America and Middle East & Africa are likely to have the significant growth opportunities in the coming years.

Key Players

Key market participants of IT Robotic Automation market are Blue Prism, UiPath, Automation Anywhere, NICE, Pegasystems, KOFAX Inc, NTT advanced technology corp, EdgeVerve Systems Ltd, FPT software, OnviSOurce Inc and HelpSystems.

Impact of COVID 19 for IT Robotic Automation Market

Due to the recent COVID 19 pandemic, almost all the industries have faced a lot of problems due to the lockdown situations imposed by the respective government authorities to reduce the spread of the corona virus. But in case of robotic process automation market, the revenue has increased due to increased usage of robotic process automation solutions by increase in social distancing norms. The market will reach to an impeccable growth rate in the upcoming years to come.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 IT Robotic Automation Market, By Type                         

                                6.1.1 software  

                                6.1.2 service      

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 IT Robotic Automation Market, By service                     

                                6.2.1 consulting

                                6.2.2 implementing        

                                6.2.3 training     

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 IT Robotic Automation Market, By deployment type                

                                6.3.1 cloud         

                                6.3.2 on premises           

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis              

                                6.3.5 Market Attractiveness Index           

                6.4 IT Robotic Automation Market, By Organization Size                

                                6.4.1 small and medium size       

                                6.4.2 large enterprises  

                                6.4.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.4 Y-o-Y Growth Rate Analysis              

                                6.4.5 Market Attractiveness Index           

                6.5 IT Robotic Automation Market, By application                             

                                6.5.1 BFSI           

                                6.5.2 media and education         

                                6.5.3 manufacturing      

                                6.5.4 logistics    

                                6.5.5 energy      

                                6.5.6 utilities     

                                6.5.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.5.8 Y-o-Y Growth Rate Analysis              

                                6.5.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By service                

                                7.2.4 By deployment type           

                                7.2.5 By Organization Size           

                                7.2.6 By application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By service                

                                7.3.4 By deployment type           

                                7.3.5 By Organization Size           

                                7.3.6 By application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By service                

                                7.4.4 By deployment type           

                                7.4.5 By Organization Size           

                                7.4.6 By application        

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By service                

                                7.5.4 By deployment type           

                                7.5.5 By Organization Size           

                                7.5.6 By application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By service                

                                7.6.4 By deployment type           

                                7.6.5 By Organization Size           

                                7.6.6 By application        

8. Key Player Analysis                                    

                8.1 Blue Prism                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 UiPath                          

                8.3 Automation Anywhere                         

                8.4 NICE                              

                8.5 Pegasystems                             

                8.6 KOFAX Inc                   

                8.7 NTT advanced technology corp                          

                8.8 EdgeVerve Systems Ltd                         

                8.9 FPT software                             

                8.10 OnviSOurce Inc                       

                8.11 HelpSystems                           

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of type, service, deployment type, organization size, application along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global IT Robotic Automation Market By Region, From 2021-2026 ( USD Billion )
  2. Global IT Robotic Automation Market By Type, From 2021-2026 ( USD Billion )
  3. Global software  Market By Region, From 2021-2026 ( USD Billion )
  4. Global service Market By Region, From 2021-2026 ( USD Billion )
  5. Global IT Robotic Automation Market By service , From 2021-2026 ( USD Billion )
  6. Global consulting Market By Region, From 2021-2026 ( USD Billion )
  7. Global implementing  Market By Region, From 2021-2026 ( USD Billion )
  8. Global training Market By Region, From 2021-2026 ( USD Billion )
  9. Global IT Robotic Automation Market By deployment type , From 2021-2026 ( USD Billion )
  10. Global cloud  Market By Region, From 2021-2026 ( USD Billion )
  11. Global on premises Market By Region, From 2021-2026 ( USD Billion )
  12. Global IT Robotic Automation Market By application , From 2021-2026 ( USD Billion )
  13. Global BFSI Market By Region, From 2021-2026 ( USD Billion )
  14. Global media and education Market By Region, From 2021-2026 ( USD Billion )
  15. Global manufacturing Market By Region, From 2021-2026 ( USD Billion )
  16. Global logistics Market By Region, From 2021-2026 ( USD Billion )
  17. Global energy  Market By Region, From 2021-2026 ( USD Billion )
  18. Global utilities Market By Region, From 2021-2026 ( USD Billion )
  19. Global IT Robotic Automation Market By Organization Size, From 2021-2026 ( USD Billion )
  20. Global small and medium size  Market By Region, From 2021-2026 ( USD Billion )
  21. Global large enterprises Market By Region, From 2021-2026 ( USD Billion )

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