The global robotic process automation (RPA) market size is expected to reach USD 3.97 billion by 2025, according to a new study by Grand View Research, Inc. It is estimated to expand at a CAGR of 31.1% over the forecast period. Different organizations in different sectors are increasingly challenged by the growing competition due to shift in technology and consumer preferences.

The adoption of Artificial Intelligence (AI) and automation solutions has enabled organizations to tackle such challenges while meeting consumer expectations. Moreover, these technologies focus on enhancing the employee experience rather than replacing them. One of such technologies gaining rapid traction is RPA, which handles repetitive and rule-based tasks without human intervention. Thus, RPA enables organizations to automate repetitive functions and focus more on core business tasks.

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In Small and Medium-scale Enterprises (SMEs) that face business limitations, in terms of financial and human resources allocation, the implementation of RPA is expected to provide growth avenues. As the deployment of robotic process automation can assist an organization to keep its operations as lean as possible. Also, the use of automation technologies has become a crucial factor to gain long-term profitable growth. These software bots exhibit the maximum efficiency and can work 24/7 through the year on their assigned task, which results in achieving accelerated productivity.

Moreover, deployment of RPA increases the quality of services to the end-users as it eliminates the potential of human error that results in inconsistency in process execution. Furthermore, RPA offers organizations with comprehensive intelligence and assists the users with actionable information and better insights. The role of technology in a complex business environment is evolving continuously. The ever-increasing stringency of regulations and necessary compliance functions hamper employee efficiency.

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With the deployment of RPA, organizations can achieve greater compliance. Furthermore, the RPA processes are customizable aimed at operating with the existing, as well as new standards and regulations. Thus, automation technologies can help organizations streamline different structured processes at a lower cost.

Further key findings from the study suggest that:

• Services type segment is anticipated to register the highest CAGR over the forecast period. Consulting service was valued at USD 179.8 million in 2018 and is estimated to witness a healthy growth in near future

• Implementation services is anticipated to register the highest CAGR of 33.5% over the forecast period

• Large enterprise segment is expected to maintain its dominance in the Robotic Process Automation (RPA) market and is projected to reach USD 2.51 billion by 2025

• BFSI application segment led the market in 2018; however, SME segment is anticipated to register the highest CAGR over the forecast period

• North America is expected to be the dominant region while Asia Pacific is anticipated to witness the maximum growth

• Some of the key companies in the market include Automation Anywhere, Inc.; Blue Prism Group Plc; UiPath; Be Informed B.V.; OpenSpan; and Jacada, Inc. 

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IT robotics automation, which configures a software that can capture and interpret the actions of existing applications employed in various business processes provided a gateway for such organizations into delivering better output in a cost-effective manner which was not possible with earlier automation approaches.

IT robotics automation include process automation and advanced analytics in operations and processes at economical prices. It also brings in modernization by replicating exact day to day human tasks at the user interface level in IT management processes which maybe at routine or incident level, support processes and back office processes.

IT robotic automation is a go-to solution for organizations to benefit from process automation and advanced analytics in operations and processes at economical prices which was not possible with earlier automation approaches. Furthermore, software robots are programmed to be used with data-driven and rule-based processes. This offers a capability that can be leveraged irrespective of industry and application, in a cost-effective manner. IT robotic automation works around the clock executing required processes. Robotic automation has modernized the means of managing various business processes, IT management and support processes, workflow processes, and back-office work.

In 2017, the global IT Robotic Automation market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

This report focuses on the global IT Robotic Automation status, future forecast, growth opportunity, key market and key players. The study objectives are to present the IT Robotic Automation development in United States, Europe and China.

The key players covered in this study

• Blue Prism
• IPSoft
• Be Informed
• Appian Corporation
• Automation Anywhere
• Interactive Media
• IBM
• BMC
• Sutherland Global Service (SGS)
• TCS (Tata Group)
• To Know More Key Players with types, Applications

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

The study objectives of this report are:

• To analyze global IT Robotic Automation status, future forecast, growth opportunity, key market and key players.
• To present the IT Robotic Automation development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of IT Robotic Automation are as follows:

• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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