Seattle, WA -- (SBWIRE) -- 09/20/2019 -- Robotic process automation offers computer software configuration that aids in capturing and interpreting the manipulated data, transaction, processing responses, and creates a communicating process with other digital systems. Increasing demand for advanced automation solutions in various sectors such as the IT is expected to fuel growth of the IT robotic automation market. Growing demand for process automation in big data analytics is due to time effective extraction of insights. This is expected to further boost the market growth. Enhancement in productivity and increasing customer satisfaction has led to increasing demand for modernization of business processes, thereby propelling demand for IT robotic automation solutions.

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Moreover, increasing preference of robotic automation in the IT industry for process improvement, especially for accounting and financial management is an important factor boosting growth of the IT robotic automation market. BPO services and infrastructural management increasing uses robotic automation tools. IT robotic automation offers data integration, query handling, payment processing, task allocation, and automating invoicing. Such features of IT robotic automation solutions is expected to boost growth of the market.

IT Robotic Automation Market Taxonomy
On the basis of tool, the global IT robotic automation market is segmented into:
- Model-based application
- Process-based application

Among tools, the model-based application segment held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Due to increasing demand of customized model process solution in various verticals have raised the demand of the model based application

On the basis of services, the global IT robotic automation market is segmented into:
- Professional services
o Consulting
o Integration and Development
o BPO
- Training

Among services, the professional services segment held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. The training segment is projected to exhibit the largest CAGR over the forecast period.

On the basis of operation, the global IT robotic automation market is segmented into:
- Rule-based
- Knowledge-based

IT Robotic Automation Market Outlook – North America holds significant market share
Geographically, the global IT robotic automation market is divided into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds dominant position in the global market and is expected to maintain its dominance during the forecast period. Major factor aiding in growth of the market in the region is rapid development of computing technologies.

Additionally, growing demand for IT and IT-related services is also expected to contribute to the market growth in North America. In North America, the U.S. and Canada are home to major players in the market, which is further boosting the market growth. The market in Asia Pacific is expected to witness the highest CAGR over the forecast period. The market is driven by increasing adoption of IT robotic automation in countries such as India, China, and Japan. Moreover, increasing government and private investment to develop IT-related infrastructure is also propelling the market growth in Asia Pacific.

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Key Players in the Global IT Robotic Automation Market
Xerox Corporation, Verint System Inc., Uipath SRL, Redwood Software, Pegasystems Inc., Nice Systems Ltd., Ipsoft, Inc., Celaton Ltd., Blue Prism PLC, and Automation Anywhere are some of the major players operating in the global IT robotic automation market