IT Robotic Automation Market, By Type, By Deployment Mode, By Application

Description

Global IT robotic automation market is estimated to be valued at US$ 5.08 Billion in 2024 and is expected to reach US$ 14.63 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 16.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 5.08 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	16.30%	2031 Value Projection:	US$ 14.63 Bn

Figure. IT Robotic Automation Market Market Share (%), By Region, 2024

The rapid advancement of technology has prompted many organizations globally to adopt innovative solutions to automate their business processes and optimize efficiency. The global IT robotic automation market has been witnessing steady growth over the past few years due to the rising demand for cost-effective methods to automate repetitive and routine tasks. Robotic process automation (RPA) utilizes software with artificial intelligence and machine learning capabilities to manage high-volume tasks and transactions. It is being increasingly used by businesses across industries like BFSI, telecom, healthcare, manufacturing, and retail to free up employees from manual work and enhance productivity.

Market Dynamics:

The key drivers propelling the global IT robotic automation market include cost reduction achieved through the automation of business operations, rising need to minimize human errors, and growing demand for ease of business process management. However, data security risks and lack of awareness about the capabilities of new-age technologies are some of the major challenges restraining the market growth. On the other hand, newer areas of application like robotic desktop automation and robotic desktop integration are expected to provide lucrative opportunities for market expansion in the coming years. Integration of AI and predictive analysis is also anticipated to boost the demand for RPA solutions across verticals.

Key Features of the Study:

This report provides in-depth analysis of the global IT robotic automation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global IT robotic automation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include UiPath, Automation Anywhere, Blue Prism, IBM Corporation, Pega Systems, WorkFusion, NICE Ltd., Kofax, Microsoft Corporation, SAP SE, HelpSystems, AntWorks, Kryon Systems, Appian Corporation, and ServiceNow
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global IT robotic automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IT robotic automation market

Detailed Segmentation-

Type Insights (Revenue, US$ Bn, 2019 - 2031)
- Robotic Process Automation (RPA)
- Intelligent Automation (IA)
- Cognitive Automation
- Others
Deployment Mode Insights (Revenue, US$ Bn, 2019 - 2031)
- Cloud-based
- On-premises
Application Insights (Revenue, US$ Bn, 2019 - 2031)
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Retail
- Manufacturing
- Others
Regional Insights (Revenue, US$ Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- UiPath
- Automation Anywhere
- Blue Prism
- IBM Corporation
- Pega Systems
- WorkFusion
- NICE Ltd.
- Kofax
- Microsoft Corporation
- SAP SE
- HelpSystems
- AntWorks
- Kryon Systems
- Appian Corporation
- ServiceNow

Product Code: CMI845

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Deployment Mode
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global IT Robotic Automation Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Robotic Process Automation (RPA)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Intelligent Automation (IA)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Cognitive Automation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global IT Robotic Automation Market, By Deployment Mode, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Cloud-based
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
On-premises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global IT Robotic Automation Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Banking, Financial Services, and Insurance (BFSI)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Retail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global IT Robotic Automation Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Israel
  - GCC Countries
  - Rest of the Middle East
Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment Mode, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Company Profiles
- UiPath
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Automation Anywhere
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Blue Prism
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- IBM Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Pega Systems
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- WorkFusion
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- NICE Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kofax
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Microsoft Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SAP SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- HelpSystems
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- AntWorks
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kryon Systems
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Appian Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ServiceNow
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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