The rapid advancement of technology has prompted many organizations globally to adopt innovative solutions to automate their business processes and optimize efficiency. The global IT robotic automation market has been witnessing steady growth over the past few years due to the rising demand for cost-effective methods to automate repetitive and routine tasks. Robotic process automation (RPA) utilizes software with artificial intelligence and machine learning capabilities to manage high-volume tasks and transactions. It is being increasingly used by businesses across industries like BFSI, telecom, healthcare, manufacturing, and retail to free up employees from manual work and enhance productivity.
Market Dynamics:
The key drivers propelling the global IT robotic automation market include cost reduction achieved through the automation of business operations, rising need to minimize human errors, and growing demand for ease of business process management. However, data security risks and lack of awareness about the capabilities of new-age technologies are some of the major challenges restraining the market growth. On the other hand, newer areas of application like robotic desktop automation and robotic desktop integration are expected to provide lucrative opportunities for market expansion in the coming years. Integration of AI and predictive analysis is also anticipated to boost the demand for RPA solutions across verticals.
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