Impact of COVID-19 on IT Robotic Automation Market Size study, by Tools (Model based and process based), by Services (Professional, and Training), By Technology (Internet Retailer And Service Provider, Voice Recognition, IVR System, Digital Detection, Remote Infrastructure, And Back Office Data Driven Process), By Application (Healthcare, Banking, Utilities, and Other Application) and Regional Forecasts 2020-2026

  • Product Code:
    RP-ID-10325264
  • Published Date:
    21 Oct 2022
  • Region:
    Global
  • Pages:
    200
  • Category:
    Industrial Automation & Equipment
  • Publisher:
    Pub-ID-14

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

Translate Report

Impact of COVID-19 on IT Robotic Automation Market is valued approximately USD XX million in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Pandemic COVID-19 (Coronavirus) has caused several IT firms to suspend their company activities to comply with the recent government regulations. This delay in activities impacts directly on the robotic automation market's sales production. However, one of the positive consequences that might arise from the COVID-19 crisis is that manufacturers may become increasingly interested in how robotics and automation would benefit their company from both a output and an improvement in the workforce point of view. Robotic automation has revolutionized the way in which business processes, IT management and process support, workflow processes and back office work are administered. In fact, automation allows performance gains and improved efficiency in workflow operations, thus elevating the quality of work and preventing workers from executing slow and repetitive activities. Further, the use of Robotic Process Automation (RPA) can contribute to business continuity, resilience, and flexibility at a time when the manpower available and traditional ways of working are significantly disrupted. Many autonomous innovations are being implemented today that boost the industry 's efficiency, precision, and safety, but these innovations find it difficult to provide all of these dimensions for reliable quality performance simultaneously on different platforms. This inevitably provides a separate need for the automation industry for robots, which in effect makes companies more flexible and responsive, which is a must in today 's regional, competitive market. In addition, technical advancements in IT robotics automation decrease errors which increase performance, resulting in extra time for innovation, growth and customer satisfaction.
The regional analysis of Impact of COVID-19 on IT Robotic Automation Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In terms of market growth, Asia Pacific region is expected to register considerable growth over the forecast period owing to the rising investment from major players in the emerging economies such as India, China along with many others.

Major market player included in this report are:
Blue Prism
Be Informed B.V.
Appian
IPSoft, Inc.
Tata Consultancy Services Limited.
Infosys Limited
Cognizant Technology Solutions Corp.
Atos SE
Capgemini
Genfour
Genpact Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Tools:
Model Based
Process Based
By Services:
Professional
Training
By Technology
Internet retailer and service provider
Voice recognition
IVR system
Digital detection
Remote infrastructure
Back office data driven process
By Technology:
Healthcare
Banking
Utilities
Other Application
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026

Target Audience of the Impact of COVID-19 on IT Robotic Automation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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Blue Prism
Be Informed B.V.
Appian
IPSoft, Inc.
Tata Consultancy Services Limited.
Infosys Limited
Cognizant Technology Solutions Corp.
Atos SE
Capgemini
Genfour
Genpact Ltd.
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I am willing to know the scope of research
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