IT Robotic Automation Market: Emerging Economies Expected to Influence Growth until 2029

IT Robotic Automation Marketby Component Type (Software, Services), Organization Size Type (Large Enterprises, Small- and Medium-sized Enterprises), Industry Application Type (BFSI, Pharmacy and Healthcare, Retail and Consumer Goods, IT and Telecom, Media and Education, Manufacturing, Transportation and Logistics, Energy and Utilities), and Region (North America, Europe, Asia-Pacific, and Rest of the World).

The IT robotic automation market is expected to grow from USD 5.12 billion in 2022 to USD 14.15 billion by 2029 at a CAGR of 15.6% during the forecast period.

IT robotic automation, also known as robotic process automation (RPA), is a software technology that automates repetitive and rule-based tasks typically performed by humans. It is designed to streamline business processes, reduce errors, and enhance productivity by using bots or software robots that mimic human actions.

These bots can perform tasks such as data entry, invoice processing, customer service, and other manual tasks, allowing employees to focus on more strategic work. IT robotic automation leverages artificial intelligence and machine learning to learn from human actions and improve over time, making it a valuable tool for organizations looking to optimize their operations and reduce costs.

IT robotic automation is being used by end users to automate various business tasks, with the help of robotic process automation (RPA) tools and techniques. In recent years, ClOs in businesses and enterprises have been embracing new RPA tools to address different scenarios. Financial services firms have been at the forefront of adopting IT robotic automation, using both RPA and cognitive technologies to drive customer value.

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