IT Robotic Automation Market By Component (Tools, Services) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
The Growing Need Among Organization to Reduce the Cost of Operation and Enhance Operational Efficiency is Driving the Growth of IT Robotic Automation Market
Globally, the IT robotic automation market is set to grow with a CAGR of 27.5% through the forecast period. The growing need among the organization to reduce the cost of operations and enhance the operational and business performance is driving the market growth. As the competition among the market players is increasing and the business models is changing, the organization are shifting towards automation solutions especially in conjunction with artificial intelligence and analytical technologies. These solutions automate the mundane, time consuming task and enhance the reliability and efficiency of the outcome.
The growing adoption of the robotics automation technology among the IT sector for financial and accounting applications is also among the major factors driving the market growth. Furthermore, technological improvement in the robotics automation and development of intelligent algorithms is also serving as a major driver for the market growth. Nonetheless, the data safety and security issues associated with the use of robotic automation solutions is poses a major inhibitor in the market growth.
Services is Estimated to Grow Significantly During the Forecast Period
The IT robotic automation market is categorized based on the component into tools and service. Tools market accounted for more than 65% share in the overall revenue in 2018. The growth of the market is driven by the wide scale adoption of robotics tools for business process optimization. The tools market is further segmented into the process based tools and model based tools. On the other hand, service market is estimated to grow significantly during the forecast period. The growth of the market is driven by the growing adoption of the professional and consulting services across the IT sector.
North America is Leading the IT Robotic Automation Market
North America dominated the IT robotic automation market with the market share of more than 45% in 2018. The growth of the market is driven by the increasing adoption of the automation technologies across the enterprises. Increasing venture capital investment in the AI along with other analytics technologies is also serving as a major driver for the market growth in the region. Additionally, early adoption of IT robotic automation technologies in the region is supporting the market growth.
The major vendors in the IT robotic automation market are Appian Corporation, Accenture PLC, Automation Anywhere Inc, Blue Prism, Be Informed B.V., Cognizant Technology Solutions Corp, Sutherland Global Services, Genpact Ltd, Genfour, Hewlett Packard Company, Ipsoft Inc, Infosys Limited, and Tata Consultancy.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The IT robotic automation market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global IT robotic automation market based on component and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Component Segment (2017–2027; US$ Bn) |
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
- What was the market size of IT robotic automation in 2018 and forecast up to 2027?
- Which is the largest regional market for IT robotic automation?
- What are the major trends followed in IT robotic automation market across different regions?
- Who are the key companies in the IT robotic automation market?
- What are the key strategies adopted by the leading IT robotic automation companies in market?
Unique data points of this report
- Statistics on IT robotic automation and spending worldwide
- Recent trends across different regions in terms of adoption of IT robotic automation across applications
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global ITRA Market
2.1.1 Global ITRA Market, by Component, 2018 (US$ Mn)
2.1.2 Global ITRA Market, by Geography, 2018 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Driver 1
3.2.1.2 Driver 2
3.2.1.3 Driver 3
3.2.2 Market Restraint
3.2.2.1 Restraint 1
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key ITRA Vendors, 2018
Chapter 4 Global IT Robotic Automation (ITRA) Market, by Component
4.1 Overview
4.1.1 Global ITRA Market Value Share, by Component, 2018 & 2027 (Value, %)
4.2 Tools
4.2.1 Global ITRA Market Value from Tools, 2017 – 2027(US$ Mn)
4.2.2 Model Based
4.2.2.1 Global ITRA Market Value from Model Based, 2017 – 2027(US$ Mn)
4.2.3 Process Based
4.2.3.1 Global ITRA Market Value from Process Based, 2017 – 2027(US$ Mn)
4.3 Services
4.3.1 Global ITRA Market Value from Service, 2017 – 2027(US$ Mn)
4.3.2 Professional Service
4.3.2.1 Global ITRA Market Value from Professional Service, 2017 – 2027(US$ Mn)
4.3.3 Consulting
4.3.3.1 Global ITRA Market Value from Consulting, 2017 – 2027(US$ Mn)
4.3.4 BPO
4.3.4.1 Global ITRA Market Value from BPO, 2017 – 2027(US$ Mn)
Chapter 5 North America IT Robotic Automation (ITRA) Market Analysis, 2017 – 2027 (US$ Mn)
5.1 Overview
5.2 North America ITRA Market Analysis, by Component, 2017 – 2027 (US$ Mn)
5.2.1 Market Analysis
5.3 North America ITRA Market, by Country, 2017 – 2027 (US$ Mn)
5.3.1 Market Analysis
5.3.2 U.S.
5.3.2.1 U.S. ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
5.3.3 Canada
5.3.3.1 Canada ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
Chapter 6 Europe IT Robotic Automation (ITRA) Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 Europe ITRA Market Analysis, by Component, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 Europe ITRA Market, by Country, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.3.2 U.K.
6.3.2.1 U.K. ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
6.3.3 Germany
6.3.3.1 Germany ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
6.3.4 France
6.3.4.1 France ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
6.3.5 Rest of Europe
6.3.5.1 Rest of Europe ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
Chapter 7 Asia Pacific IT Robotic Automation (ITRA) Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Asia Pacific ITRA Market Analysis, by Component, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Asia Pacific ITRA Market, by Country, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.3.2 China
7.3.2.1 China ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
7.3.3 Japan
7.3.3.1 Japan ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
7.3.4 India
7.3.4.1 India ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
7.3.5 Rest of Asia Pacific
7.3.5.1 Rest of Asia Pacific ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
Chapter 8 Rest of the World (RoW) IT Robotic Automation (ITRA) Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 RoW ITRA Market Analysis, by Component, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 RoW ITRA Market, by Country (US$ Mn)
8.3.1 Market Analysis
8.3.2 Middle East & Africa (MEA)
8.3.2.1 MEA ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
8.3.3 Latin America
8.3.3.1 Latin America ITRA Market Value, by Component, 2017 – 2027 (US$ Mn)
Chapter 9 Company Profiles
9.1 Accenture PLC
9.2 Appian Corporation
9.3 Automation Anywhere Inc.
9.4 Be Informed B.V.
9.5 Blue Prism
9.6 Cognizant Technology
9.7 Genfour
9.8 Genpact Ltd
9.9 Hewlett Packard Company
9.10 Infosys Limited
9.11 IPSOFT Inc.
9.12 Sutherland Global Services
9.13 Tata Consultancy
* Here we are using ITRA as a short form of IT Robotic Automation
TABLE 1 Market Snapshot: Global IT Robotic Automation Market Value
TABLE 2 North America IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 3 North America IT Robotic Automation Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 4 U.S. IT Robotic Automation Market Value, by Component2017 – 2027 (US$ Mn)
TABLE 5 Canada IT Robotic Automation Market Value, by Component2017 – 2027 (US$ Mn)
TABLE 6 Europe IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 7 Europe IT Robotic Automation Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 8 U.K. IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 9 Germany IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 10 France IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 11 Rest of Europe IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 12 Asia Pacific IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 13 Asia Pacific IT Robotic Automation Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 14 China IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 15 Japan IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 16 India IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 17 Rest of Asia Pacific IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 18 RoW IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 19 RoW IT Robotic Automation Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 20 MEA IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 21 Latin America IT Robotic Automation Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 22 Accenture PLC: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Appian Corporation: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 Automation Anywhere Inc.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Be Informed B.V.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Blue Prism: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Cognizant Technology: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Genfour: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Genpact Ltd: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Hewlett Packard Company: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Infosys Limited: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 IPSOFT Inc.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Sutherland Global Services: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Tata Consultancy: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global IT Robotic Automation Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global IT Robotic Automation Market Segmentation
FIG. 4 Global IT Robotic Automation Market, by Component, 2018 (US$ Mn)
FIG. 5 Global IT Robotic Automation Market, by Geography, 2018 (US$ Mn)
FIG. 6 Attractive Investment Proposition, by Geography, 2018
FIG. 7 Market Positioning of Key IT Robotic Automation Vendors, 2018
FIG. 8 Global IT Robotic Automation Market Value Share, by Component, 2018 & 2027 (Value, %)
FIG. 9 Global IT Robotic Automation Market Value from Tools, 2017 – 2027(US$ Mn)
FIG. 10 Global IT Robotic Automation Market Value from Model Based, 2017 – 2027(US$ Mn)
FIG. 11 Global IT Robotic Automation Market Value from Process Based, 2017 – 2027(US$ Mn)
FIG. 12 Global IT Robotic Automation Market Value from Services, 2017 – 2027(US$ Mn)
FIG. 13 Global IT Robotic Automation Market Value from Professional Service, 2017 – 2027(US$ Mn)
FIG. 14 Global IT Robotic Automation Market Value from Consulting, 2017 – 2027(US$ Mn)
FIG. 15 Global IT Robotic Automation Market Value from BPO, 2017 – 2027(US$ Mn)
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