Global IT Robotic Automation Market Size, Outlook and Forecast By 2023
Posted by Aditi Desai on February 1st, 2019
IT Robotic automation can be defined as the use of software with Artificial intelligence and machine learning capabilities to handle large volume and repetitive amount of data that previously requires humans to perform. The tasks can include tough and tedious calculation, queries and maintenance of records as well as transactions. The technology has evolved in many years and has been gone through screen scrapping, workflow automation, and artificial intelligence. The advancement has created a buzz for IT robotic automation market players.
As per the fresh report for IT Robotic Automation Market research was conducted to understand the market overview, key trends, advantages, applications, challenges and many more in the forecast period of 2018-2023 i.e. years. As per the reports, the current valuation of the market is summed up to USD XXX Million in 2017 and has been anticipated to reach USD XXX Million by the end of 2023. As companies are realizing the value of robotic automation in their business, this industry will continue to boom in the coming years.
Advantages for IT robotic automation market –
· It helps in reducing tasks
· It provides a better customer experience
· The operational risk could be reduced
· It helps in reducing internal processes
· It saves cost
· The work quality is accurate and fast
· Simple and Flexible technology
· Easy to gather insights and analytics
· Employee empowerment is possible
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IT Robotic Automation Market Insights –
IT robotic automation market forecast begins with a brief summary of the market. It goes on by giving key market growth factors, current trends, advantages, challenges and application of the market. The research part has been divided into various segments and further sub-segments. Each segment and its sub-division have been properly defined and give insights that tell you about the contribution of each segment in terms of revenue value. The report also gives separate region-wise analysis along with competitor’s data and techniques they have adopted for capturing the market share.
The research offers a comprehensive analysis of IT robotic automation market trends with respect to various submarkets like by tools and by services. As per the tools, the market is sub-segmented as model-based and process-based. The services part could be sub-divided as professional, consulting, BPO, Integration & development and training. For a better analysis, 2017 is considered as the base year, 2018 as estimated year and 2019-2023 as the forecasted period.
The report also profiles various major and niche market players such as Blue Prism, Be Informed B.V., Appian, IPSoft, Inc., Tata Consultancy Services Limited., Infosys Limited, Cognizant Technology Solutions Corp., Atos SE, Capgemini, Genfour, Genpact Ltd., Automation Anywhere, Inc., Sutherland Global Services, Inc., UiPath SRL and Other Major Key Players.
The competition analysis has been conducted to analyze IT robotic automation market share for various industry giants and possible solutions for new entrants in the industry. The report reveals the new business methodologies, product launches and strategies by competitors. It will tell you about the company current situation and customer pain points due to current product in the market and also the solution for the same.
A separate IT robotic automation market size analysis has been taken into account for a better understanding of the market and to find the best places in the world that could drive the possible revenue. For the research process, North America, Europe, Latin America, Asia Pacific, Middle East & Africa countries have been analyzed to know the facts and facts that drive the growth of data monetization market. For example, Currently, North America holds the highest position followed by Europe and the Asia Pacific on second and third positions respectively. But the forecast prediction says that the Asia Pacific will be the highest growing countries by end of 2023. This is due to the increment of small and medium level companies in this region.
Competition Analysis: Genpact
Genpact is one of the popular Indian industries that provide best and strategic solutions for IT robotic automation. They have the capability to provide speedy automation journey, advanced data accuracy and to unleash your potential. They identify and assess and redefine your business processes and gives a possible roadmap from where to start and how to scale.
Thus, today’s digital landscape requires automated technology on a wider level. Thus more and more companies are looking for robotic automation methodologies. Not just the IT sector but other industries are also coming along the way. This has created new streams for revenue and is a helpful method for industry growth.
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