Robotic Process Automation (RPA) In Information Technology Market Size, Growth Opportunities, Industry Trends And Analysis Report 2024-2033

Overview and Scope
Robotic process automation (RPA) in information technology refers to using software bots to simulate human behavior on digital systems, optimizing repetitive operations across departments and applications. Robotic process automation significantly contributes to digital transformation by efficiently automating tedious and repetitive tasks. Organizations can use RPA technology to boost productivity, minimize errors, decrease expenses, and liberate employees to concentrate on strategic and innovative endeavors.

Sizing and Forecast
The robotic process automation (RPA) in information technology market size has grown exponentially in recent years. It will grow from $1.13 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to increased demand for cost efficiency, growing demand for process efficiency, rise of automation in legal processes, increasing demand for workflow optimization, rise of automation in manufacturing processes.

The robotic process automation (RPA) in information technology market size is expected to see exponential growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) 25.7%. The growth in the forecast period can be attributed to increasing adoption of artificial intelligence, rise in remote work culture, rise of automation in entertainment and media, increasing complexity of it environments, growth of automation in transportation and logistics. Major trends in the forecast period include integration of machine learning algorithms, shift towards hyper-automation strategies, adoption of automation in agricultural processes, technological advancements, adoption of automation in financial services.

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Segmentation & Regional Insights
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

North America was the largest region in the robotic process automation (RPA) in information technology market in 2023. 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.

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Major Driver Impacting Market Growth
The rise in remote work culture is expected to propel the growth of the robotic process automation information and technology market going forward. Remote work culture refers to a business environment where employees have the flexibility and capability to perform duties from locations outside of traditional office spaces. Remote work culture is rising due to technological advancements, such as high-speed internet, cloud computing, and collaboration tools, making remote work more feasible and efficient. Robotic process automation (RPA) facilitates a remote work culture by automating repetitive tasks, enabling employees to focus on high-value work regardless of location, and fostering collaboration through digital workflows and real-time access to data and applications. For instance, in February 2023, according to the Office for National Statistics (ONS), a UK-based government agency, 44% of UK workers were working in some form of remote capacity, 16% were full-time remote workers, and 28% were hybrid workers who split their time between office and home-based work. In contrast, in 2022, the number of people working remotely in the UK was 30% of the workforce. Therefore, the rise in remote work culture drives the growth of the robotic process automation information and technology market.

Key Industry Players
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

The robotic process automation (rpa) in information technology market report table of contents includes:
1. Executive Summary
2. Robotic Process Automation (RPA) In Information Technology Market Characteristics
3. Robotic Process Automation (RPA) In Information Technology Market Trends And Strategies
4. Robotic Process Automation (RPA) In Information Technology Market – Macro Economic Scenario
5. Global Robotic Process Automation (RPA) In Information Technology Market Size and Growth
…..
32. Global Robotic Process Automation (RPA) In Information Technology Market Competitive Benchmarking
33. Global Robotic Process Automation (RPA) In Information Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotic Process Automation (RPA) In Information Technology Market
35. Robotic Process Automation (RPA) In Information Technology Market Future Outlook and Potential Analysis
36. Appendix

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