What Has Been The Evolution of the Robotic Process Automation RPA In Information Technology Market in Recent Years?
The robotic process automation rpa in information technology market has seen considerable growth due to a variety of factors.
• The market size of robotic process automation (RPA) in information technology has experienced exponential growth recently. The market is projected to expand from $1.42 billion in 2024 to $1.78 billion in 2025, recording a compound annual growth rate (CAGR) of 25.3%.
The surge in growth during the historical period can be tied to a heightened demand for cost-effectiveness, an increasing need for process efficiency, the emergence of automation in legal proceedings, rising demand for workflow optimization, and the adoption of automation in manufacturing processes.
What Are the Future Growth Projections for the Robotic Process Automation RPA In Information Technology Market?
The robotic process automation rpa in information technology market is expected to maintain its strong growth trajectory in upcoming years.
• The market for robotic process automation (RPA) within the information technology sector is predicted to experience a significant increase in the following years, reaching $4.48 billion by 2029 with a compound annual growth rate (CAGR) of 25.9%.
Factors contributing to this anticipated expansion during the forecast period include the growing use of artificial intelligence, the rising trend of remote work, the surge in automation within the entertainment and media fields, evolving complexities of IT landscapes, and the proliferation of automation in transportation and logistics. Key trends expected in the forecast timeframe comprise the incorporation of machine learning algorithms, the shift towards hyper-automation tactics, the use of automation in agricultural operations, technological progress, and the implementation of automation in financial services.
What Are The Core Factors Supporting Growth In The Robotic Process Automation RPA In Information Technology Market?
As the remote working trend escalates, it is predicted to spur the robotic process automation information and technology market's expansion. The term remote work culture applies to a business scenario where staff have the leeway and proficiency to execute their responsibilities from places other than the standard office environment. Technological progress, including high-speed internet, cloud computing, and collaborative tools, are contributing to the emergence of this work culture by making it more practical and productive. Robotic process automation (RPA) advances this by automating routine tasks, allowing workers to concentrate on higher-value tasks no matter where they're located, and promoting collaboration via digital workflows along with real-time data and application availability. For example, the Office for National Statistics (ONS), a UK government agency, reported that in February 2023, 44% of UK employees were performing their duties remotely either full-time or in a hybrid model, accounting for 16% and 28% respectively. This shows a substantial increase from 2022 when only 30% of the workforce was remote. Consequently, the escalation in the remote work culture is driving the expansion of the robotic process automation information and technology market.
What Are The Major Segments Within The Global Robotic Process Automation RPA In Information Technology Market?
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
Subsegments:
1) By Model-Based Application: Low-code/No-code RPA Tools, Drag-and-drop Process Automation Tools, Process Simulation Tools
2) By Process-Based Application: Task Automation Tools, Workflow Automation Tools, End-to-End Business Process Automation Tools
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What Trends Are Reshaping The Future Of The Robotic Process Automation RPA In Information Technology Market?
Leading firms in the robotic process automation sector within the information technology market are pioneering advanced technologies, like the Next-Gen UiPath automation cloud, to deliver speedy and precise results. The Next-Gen UiPath automation cloud is a revolutionary technology that offers an all-encompassing automation foundation for businesses, enabling them to adapt more effectively and quickly to the digital era in a simpler manner. For example, in May 2022, a prominent software firm from the US, UiPath, which specializes in robotic process automation software, unveiled the Next-Gen UiPath Automation Cloud. This introduction from UiPath presents Automation Cloud Robots and novel platform services designed to streamline automation procedures, bolster security, and widen the reach of automation tools within businesses. Automation cloud robots are Software-as-a-Service (SaaS) robots situated in the UiPath automation cloud, offering immediate deployment of unmonitored robots without the need for IT resources or infrastructure.
Who Are the Key Players In The Robotic Process Automation RPA In Information Technology Market?
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
What Is The Most Dominant Region In The Robotic Process Automation RPA In Information Technology Market?
North America was the largest region in the robotic process automation (RPA) in information technology market in 2024. 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.
