IT Robotics Automation Market to Expand at 60.50% CAGR from 2014 to 2020, Need to Reduce Human Labor Dependency Drives Market

Transparency Market Research’s new research report on the global IT robotic automation market says that the said market will exhibit a significant leap during the forecast period from 2014 to 2020. According to the report’s findings, displaying a phenomenal 60.50% CAGR from 2014 to 2020, the valuation of the market will reach close to US$5 bn by 2020, increasing from US$0.18 bn in 2013.The report is titled “IT Robotic Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on the company website.

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Robotic automation involves utilizing a computer application or machine that mimics human actions in order to accomplish process-based tasks. For instance, in the IT industry, automation software is the means to achieve robotic automation. Likewise, request management, monitoring, problem management, access management, incident management, and availability management are some of the processes that can be accomplished through robotic process management.

The report says that IT robotic automation is emerging as a robust alternative to outsourcing, especially offshore outsourcing. Some of the benefits of robotic automation are cost benefits and increased process efficiency over manual processes, which are contributing significantly to the development of the global IT robotic automation market.Furthermore, robotic automation has the ability to access other software applications sans integration, because of which the adoption of these systems has been proliferating in the finance and accounts sector over the past few years.

However, the global market for IT robotic automation will be adversely affected by security concerns due to misinterpretation of information by these automated systems. In the BPO sector, existing contracts for project outsourcing will restrict the utilization of IT robotic automation. Nevertheless, the IT robotic automation market has tremendous growth potential, provided robotic process automation programs and infrastructural management applications are in place.

Tools and services are the two segments into which the IT robotic automation market is divided on the basis of type. The tools segment is further sub-segmented into model-based application tools and process-based application tools. With the rising demand for robotic automation of application management, request management, infrastructure management, access management, and others in the IT sector, process-based application tools will exhibit an upsurge during the forecast period.

The report divides the global IT robotic automation market into the regional segments of North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe. In 2013, North America and Europe emerged as the largest markets for robotic automation software.In North America, reasons such as fast adoption of technology, combined with worthwhile initiatives taken by tool providers for creating awareness about robotic automation tools have led to significant growth of the IT robotic automation market. However, Asia Pacific will exhibit the highest growth in the adoption of IT robotics automation during the forecast horizon.

The market has been segmented as follows:

IT Robotic Automation Market, by Type

• Tools
• Services

IT Robotic Automation Market, by Tools:

• Model-based Application Tools
• Process-based Application Tools

IT Robotic Automation Market, by Services

• Professional
• Consulting
• Integration and Development
• Application Management
• Infrastructure Management
• BPO
• Application Management
• Infrastructure Management
• Training

IT Robotic Automation Market, by Geography

• North America
• Europe
• Asia-Pacific
• Middle East and Africa (MEA)
• Latin America

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