The robotic process automation (rpa) in information technology global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Robotic Process Automation (RPA) In Information Technology Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The robotic process automation (RPA) in information technology market size has grown exponentially in recent years. It will grow from $1.13 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to increased demand for cost efficiency, growing demand for process efficiency, rise of automation in legal processes, increasing demand for workflow optimization, rise of automation in manufacturing processes.
The robotic process automation (RPA) in information technology market size is expected to see exponential growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) 25.7%. The growth in the forecast period can be attributed to increasing adoption of artificial intelligence, rise in remote work culture, rise of automation in entertainment and media, increasing complexity of it environments, growth of automation in transportation and logistics. Major trends in the forecast period include integration of machine learning algorithms, shift towards hyper-automation strategies, adoption of automation in agricultural processes, technological advancements, adoption of automation in financial services.
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Scope Of Robotic Process Automation (RPA) In Information Technology Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Robotic Process Automation (RPA) In Information Technology Market Overview
Market Drivers –
The rise in remote work culture is expected to propel the growth of the robotic process automation information and technology market going forward. Remote work culture refers to a business environment where employees have the flexibility and capability to perform duties from locations outside of traditional office spaces. Remote work culture is rising due to technological advancements, such as high-speed internet, cloud computing, and collaboration tools, making remote work more feasible and efficient. Robotic process automation (RPA) facilitates a remote work culture by automating repetitive tasks, enabling employees to focus on high-value work regardless of location, and fostering collaboration through digital workflows and real-time access to data and applications. For instance, in February 2023, according to the Office for National Statistics (ONS), a UK-based government agency, 44% of UK workers were working in some form of remote capacity, 16% were full-time remote workers, and 28% were hybrid workers who split their time between office and home-based work. In contrast, in 2022, the number of people working remotely in the UK was 30% of the workforce. Therefore, the rise in remote work culture drives the growth of the robotic process automation information and technology market.
Market Trends –
Major companies operating in robotic process automation in the information technology market are developing innovative technologies, such as Next-Gen UiPath automation cloud, to achieve fast and accurate outcomes. The Next-Gen UiPath automation cloud is a technology that provides a comprehensive automation foundation for businesses, allowing them to evolve more efficiently, faster, and more straightforwardly digitally. For instance, in May 2022, UiPath, a US-based software company that makes robotic process automation software, launched the Next-Gen UiPath Automation Cloud. This release by UiPath introduces Automation Cloud Robots and new platform offerings that aim to simplify automation processes, enhance security, and expand access to automation tools for businesses. Automation cloud robots are software-as-a-service (SaaS) robots hosted in the UiPath automation cloud, allowing instant deployment of unattended robots without IT resources or infrastructure.
The robotic process automation (RPA) in information technology market covered in this report is segmented –
1) By Tool: Model-Based Application, Process Based Application
2) By Technology: Back Office Data-Driven Process, Voice Recognition, Digital Detection, Remote Infrastructure Management, Interactive Voice Response (IVR) Systems, Internet Retailers And Services Provider
3) By Service Type: Professional Services, Training Services
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Regional Insights –
North America was the largest region in the robotic process automation (RPA) in information technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic process automation (RPA) in information technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the robotic process automation (RPA) in information technology market are International Business Machines Corporation, SAP SE, Tata Consultancy Services, NICE Ltd., Pegasystems Inc., Verint Systems Inc., Automation Anywhere Inc., UiPath Inc., BlackLine Inc., Blue Prism Group PLC, EdgeVerve Systems Limited, HelpSystems LLC, Kofax Inc., Nintex Pty Ltd., Syntellect Inc., WorkFusion Inc., AntWorks Pte. Ltd., ABBYY USA Software House Inc., Jacada Inc., ElectroNeek Robotics Inc., Redwood Software Inc., OpenConnect Systems Inc., AutomationEdge Technologies Inc., Celaton Ltd., AutomationHero Inc., Kryon Systems Ltd
Table of Contents
1. Executive Summary
2. Robotic Process Automation (RPA) In Information Technology Market Characteristics
3. Robotic Process Automation (RPA) In Information Technology Market Trends And Strategies
4. Robotic Process Automation (RPA) In Information Technology Market – Macro Economic Scenario
5. Global Robotic Process Automation (RPA) In Information Technology Market Size and Growth
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32. Global Robotic Process Automation (RPA) In Information Technology Market Competitive Benchmarking
33. Global Robotic Process Automation (RPA) In Information Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotic Process Automation (RPA) In Information Technology Market
35. Robotic Process Automation (RPA) In Information Technology Market Future Outlook and Potential Analysis
36. Appendix
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