TMCnet News

IT Robotic Automation Market Expected to Reach USD 9.13 Billion by 2028: Verified Market Research
[March 06, 2023]

IT Robotic Automation Market Expected to Reach USD 9.13 Billion by 2028: Verified Market Research

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the IT Robotic Automation Market.

JERSEY CITY, N.J., March 6, 2023 /PRNewswire/ -- The global IT Robotic Automation Market is projected to grow at a CAGR of 26.9% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.34 Billion in 2020 and is expected to reach USD 9.13 Billion by the end of the forecast period.

VMR Logo

Download PDF Brochure:

Browse in-depth TOC on "IT Robotic Automation Market
202 - Pages 
126 – Tables 
37 – Figures

IT Robotic Automation Market to witness significant growth by 2028, driven by AI in RPA and Machine learning

The IT Robotic Automation Market is expected to experience substantial growth in the forecast period. The market drivers include the increasing adoption of IT robotic automation across a wide range of industries. Robotic automation is a method of implementing computer software that aids in the collection and interpretation of modified data, as well as the processing of responses, transactions, and the creation of a communication process with other digital systems. IT Robotic Automation can be used to increase production rates without sacrificing quality in a variety of industries. The concept of being a machine that works more efficiently than people with enhanced precision and time-saving performance has transformed the IT industry.

According to Verified Market Research, the role of technology is rapidly changing, assisting in the resolution of corporate challenges and meeting ever-changing consumer demands. RPA and machine learning can help software bots go beyond rule-based procedures and perform tasks that are comparable to human decision-making abilities. Furthermore, AI in RPA can help with unstructured data structuring, business insight enhancement, and data integrity improvement. Automation Anywhere, for example, is developing a Discovery Bot to show the value of AI systems in automation. By recording and analyzing keystrokes from workers' desktops, the bot solution could help with RPA issues like finding procedures to automate. AI incorporated in RPA bots and its application in increasing automated processes across companies is expected to drive market growth over the forecast period.

The key players in the IT Robotic Automation Market are Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), UiPath (U.K.), Verint (U.S.), and Xerox Corporation (U.S.). These companies are investing heavily in research and development to develop innovative solutions to improve their market share.

The competitive landscape of the IT Robotic Automation Market ishighly competitive, with companies competing on the basis of pricing, product quality, and innovation. The key development strategies adopted by the leading players in the market include mergers and acquisitions, partnerships and collaborations, and product launches.

The IT Robotic Automation Market is expected to witness significant growth over the forecast period, driven by the increasing adoption of AI in RPA and machine learning. The market size is expected to reach USD 9.13 billion by 2028, during the forecast period.

Based on the research, Verified Market Research® has segmented the global IT Robotic Automation Market into Tools, Services, Operation, And Geography.

  • IT Robotic Automation Market, by Tools
    • Model Based Tools
    • Process Based Tools
  • IT Robotic Automation Market, by Services
    • Professional Services
    • Consulting
    • Integration and Development
    • BPO
    • Training
  • IT Robotic Automation Market, by Operation
    • Knowledge-Based
    • Rule-Based
  • IT Robotic Automation Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Cognitive Automation Market By Type (Robotic Process Automation, Intelligent Automation), By End Users (BFSI, Information Technology (IT) & Telecom), By Geography, And Forecast

Robotics Technology Market By Type (Cobots, Professional service robots), By Application (Aerospace & Defense, Healthcare), By Geography, And Forecast

Robotic Process Automation Market By Process (Automated Solution, Decision Support and Management Solutions, Interaction Solutions), By Operations (Rule-based, Knowledge-based), By Type (Tools, Services), By End User (Banking, Financial Services and Insurance, Retail and Consumer Goods, Healthcare and Pharmaceuticals), By Geography, And Forecast

Robotic Controller Market By Application (Transfer Robots, Load/Unload Robots, Welding Robots, Assembly Robots, Painting Robot, Others), By Product (Single-Axis Robot Controller, Four-Axis Robot Controller, Six-Axis Robot Controller, Others), By Geography, And Forecast

Leading ways through which Robotics is shaping humankind's future: A step too far

Visualize IT Robotic Automation Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us 
Mr. Edwyne Fernandes 
Verified Market Research® 
US: +1 (650)-781-4080 
UK: +44 (753)-715-0008 
APAC: +61 (488)-85-9400 
US Toll Free: +1 (800)-782-1768 
Email: [email protected] 
Follow Us: LinkedIn | Twitter


Cision View original content:

[ Back To's Homepage ]