About IT Robotic Automation
IT robotic automation automates the repetitive and routine IT tasks to reduce their downtime and helps in improve incident response and resolution. This service improves accountability, efficiency and predictability, and risk. In today’s scenario, IT and network operation center needs 24/7 monitoring and other management of business applications, in this robotic automation provide NOC tasks and services which include server restart, service restart, health check of systems and applications. In the telecommunications sector, robotic process automation is used to monitor CRM subscriber feeds, fraud management data, and customer data updates.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IT Robotic Automation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Automation Edge (United States), Blue Prism (United Kingdom), IPSoft (United States), Be Informed (The Netherlands), Nice Systems Ltd. (Israel), Automation Anywhere (United States), Celaton Ltd. (United Kingdom), Pegasystems Inc. (United States), Redwood Software (United States) and UiPath SRL (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Verint Systems Inc. (United States) and Xerox Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global IT Robotic Automation market by Type (Software and Services) and Region.
On the basis of geography, the market of IT Robotic Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small Size Enterprises will boost the IT Robotic Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Robotic Process Automation will boost the IT Robotic Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Industrial Internet of Things (IIOT) Technology and Virtual Solutions Will Invade Physical Processes
Market Growth Drivers:
High Growth of IT Sector and Increase the Incidence of Fraud Management
Challenges:
Rising Infrastructure Prerequisites and Hardware Requirements Might Stagnate the Demand
Restraints:
Scarcity Awareness regarding Robot Renting Solutions from Underdeveloped Economies and Growing Installation Charges across the Industrial Applications Might Hamper the Demand
Opportunities:
Growing Opportunities in Robotic Renting Due To Higher Capital Investments
Market Leaders and their expansionary development strategies
In July 2022, Accenture has agreed to acquire Eclipse Automation, a provider of customized manufacturing automation and robotics solutions headquartered in Cambridge, Ontario, Canada. The acquisition will allow Accenture to offer automated production lines that leverage the cloud, data and artificial intelligence (AI), making factories and plants smarter and thus, more productive, sustainable and safe. Financial terms were not disclosed.
In October 2023, Hikrobot has launched the four new products at the event. It has also displayed three types Mobile Robots. The event was organised from 23-26 August at the BEC, Goregaon, Mumbai. The event was inaugurated by the Chief Guest Vinayak Pai, Managing Director and CEO, Tata Projects in the presence of guest of honour Vinayak Marathe, Head India Business Operations, Phillips Townsend Associates and other dignitaries from the Indian Automation Industry.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, IT Robotic Automation Service Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.