GITNUX REPORT 2024

Automation Statistics: $54.2 Billion Industrial Robotics Market by 2025

Automations Impact: $2.4B RPA software spending, 800M job displacements, and $54.2B industrial robotics market.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

Automation could lead to a 10% increase in carbon emissions in the transport sector by 2030.

Statistic 2

Automation is estimated to reduce energy consumption in buildings by 15% by 2025.

Statistic 3

Automation will reduce greenhouse gas emissions by 8% in the agriculture industry by 2023.

Statistic 4

Global spending on robotic process automation (RPA) software is expected to reach $2.4 billion by 2022.

Statistic 5

Robotics process automation (RPA) adoption is expected to grow by 40% by 2023.

Statistic 6

By 2023, 60% of organizations will have deployed RPA technology.

Statistic 7

The market for AI-powered automation tools is expected to reach $151.7 billion by 2025.

Statistic 8

The industrial robotics market is estimated to be worth $54.2 billion by 2025.

Statistic 9

Industrial robots will carry out 30% of manufacturing tasks by 2025.

Statistic 10

The market for automation in the food and beverage industry will reach $7.7 billion by 2024.

Statistic 11

Autonomous mobile robots will handle 55% of materials handling tasks by 2025.

Statistic 12

By 2030, automation is projected to displace 800 million jobs worldwide.

Statistic 13

Around 73 million jobs will be created globally by 2030 due to automation.

Statistic 14

Over half of manufacturing tasks will be automated by 2025.

Statistic 15

38% of U.S. jobs are at high risk of automation by the early 2030s.

Statistic 16

Automation will lead to an average of 10-50% reduction in the workforce by 2022.

Statistic 17

AI and automation will displace 75 million jobs, but create 133 million new ones by 2022.

Statistic 18

65% of the value in the aviation and travel industry could be lost due to automation by 2030.

Statistic 19

In 2019, 58% of U.S. manufacturing jobs were at risk of automation.

Statistic 20

By 2025, automation could take over up to 20 million manufacturing jobs worldwide.

Statistic 21

Over 30% of tasks in 60% of occupations can be automated.

Statistic 22

By 2030, automation could displace 20 million manufacturing jobs in China.

Statistic 23

By 2025, automation could eliminate 20% of all service sector jobs.

Statistic 24

By 2030, automation could create 80 million jobs in the U.S.

Statistic 25

By 2023, AI-powered automation will handle 20% of the world's content moderation.

Statistic 26

By 2025, automation is expected to eliminate 1 in 4 labor-intensive tasks in the construction industry.

Statistic 27

Automation can increase productivity by up to 9%.

Statistic 28

Robotics process automation (RPA) will reduce costs by up to 90% for some businesses.

Statistic 29

85% of customer interactions will be managed without a human by 2020.

Statistic 30

Automation could lead to a $7 trillion productivity boost in the global economy by 2030.

Statistic 31

Over 70% of companies will implement AI and automation by 2030.

Statistic 32

Automation will result in savings of $1.2 trillion in labor costs annually by 2025.

Statistic 33

Close to 70% of providers will use automation by 2025 to connect information silos.

Statistic 34

54% of business leaders believe that automation will lead to a net gain in jobs by 2022.

Statistic 35

Automation has the potential to reduce workplace injuries by 12% by 2023.

Statistic 36

Automation could increase global GDP by $15 trillion by 2030.

Statistic 37

Automation can lower healthcare costs by up to 17% by 2023.

Statistic 38

Autonomous vehicles are projected to account for 25% of total passenger miles by 2034.

Statistic 39

Automation is expected to save 2.7 billion labor hours annually by 2030.

Statistic 40

Adoption of AI-powered automation is expected to grow by 45% by 2023.

Statistic 41

Automation will lead to a 5-10% increase in workplace productivity by 2025.

Statistic 42

Automation will result in a 50% reduction in errors in financial forecasting by 2022.

Statistic 43

63% of executives believe that automation will significantly impact their industry by 2023.

Statistic 44

Automation can reduce operating costs by up to 80% in certain industries by 2025.

Statistic 45

By 2030, automation could boost labor productivity by 25% in developing countries.

Statistic 46

Over 80% of customer service interactions are expected to be automated by 2025.

Statistic 47

Automation will lead to a 20% reduction in employee turnover rates by 2025.

Statistic 48

By 2023, automation will enable 50% of organizations to decrease customer wait times.

Statistic 49

AI-driven automation could increase business productivity by 40% by 2025.

Statistic 50

Close to 60% of manufacturers will be using AI in at least one business process by 2023.

Statistic 51

Automation is expected to create 28 million jobs in healthcare by 2030.

Statistic 52

By 2023, over 70% of organizations will prioritize cybersecurity automation.

Statistic 53

Automation will save businesses $5 trillion annually by 2030.

Statistic 54

67% of organizations will adopt AI-driven automation for IT management by 2023.

Statistic 55

Task automation can save up to 25% of employees' time by 2025.

Statistic 56

By 2023, 80% of industrial manufacturers will increase investments in automation.

Statistic 57

By 2025, automation will improve operational efficiency by 25% in the logistics sector.

Statistic 58

Automation is expected to reduce manufacturing labor costs by 18% by 2023.

Statistic 59

Over 70% of companies will implement automation for HR functions by 2025.

Statistic 60

Automation can increase sales conversion rates by 50% by 2023.

Statistic 61

The pharmaceutical industry will save $50 billion annually through automation by 2025.

Statistic 62

Automation is projected to generate $33 billion in revenue for the agriculture industry by 2024.

Statistic 63

By 2023, automation is expected to reduce data entry errors by 80%.

Statistic 64

Automation will lead to a 25% increase in operational efficiency for manufacturing by 2025.

Statistic 65

By 2023, automation could save businesses $450 billion in marketing costs.

Statistic 66

Cloud automation is expected to reduce cloud-related outages by 90% by 2025.

Statistic 67

By 2025, automation could reduce employee training costs by 25%.

Statistic 68

The e-commerce sector will experience a 15% revenue increase due to automation by 2023.

Statistic 69

Automation is expected to save companies $500 billion annually by 2024.

Statistic 70

By 2023, automation will account for 40% of all data management tasks in finance.

Statistic 71

Automation is projected to cut operational costs by 30% in the retail industry by 2025.

Statistic 72

By 2024, automation could lead to a 20% decrease in maintenance costs for utilities.

Statistic 73

Automation is set to reduce customer service response times by 30% by 2023.

Statistic 74

Over 80% of financial institutions will implement automation for fraud detection by 2025.

Statistic 75

By 2023, automation is expected to decrease shipping errors by 50%.

Statistic 76

Automation will lower equipment downtime by 25% in the mining industry by 2025.

Statistic 77

The transportation industry will save $90 billion annually through automation by 2024.

Statistic 78

By 2025, automation could boost inventory turnover rates by 40% in the retail sector.

Statistic 79

Automation is projected to reduce maintenance costs by 15% in the power generation sector by 2023.

Statistic 80

75% of HR executives plan to implement automation for talent acquisition by 2025.

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Summary

  • Global spending on robotic process automation (RPA) software is expected to reach $2.4 billion by 2022.
  • By 2030, automation is projected to displace 800 million jobs worldwide.
  • The industrial robotics market is estimated to be worth $54.2 billion by 2025.
  • Around 73 million jobs will be created globally by 2030 due to automation.
  • Automation can increase productivity by up to 9%.
  • Over half of manufacturing tasks will be automated by 2025.
  • 38% of U.S. jobs are at high risk of automation by the early 2030s.
  • Automation will lead to an average of 10-50% reduction in the workforce by 2022.
  • Robotics process automation (RPA) will reduce costs by up to 90% for some businesses.
  • 85% of customer interactions will be managed without a human by 2020.
  • AI and automation will displace 75 million jobs, but create 133 million new ones by 2022.
  • Automation could lead to a $7 trillion productivity boost in the global economy by 2030.
  • Over 70% of companies will implement AI and automation by 2030.
  • 65% of the value in the aviation and travel industry could be lost due to automation by 2030.
  • Automation will result in savings of $1.2 trillion in labor costs annually by 2025.

As we hurtle towards a future where robots may just be our co-workers, the numbers speak for themselves: global spending on robotic process automation (RPA) software is set to skyrocket to $2.4 billion by 2022, while automation is primed to displace a whopping 800 million jobs worldwide by 2030. The industrial robotics market, valued at $54.2 billion by 2025, is just the tip of the automation iceberg, with an estimated 73 million new jobs on the horizon. Brace yourselves, folks - by 2025, over half of manufacturing tasks will be performed by machines, and 38% of U.S. jobs are at high risk of automation by the early 2030s. So, get ready to welcome our new robot overlords – after all, theyre projected to boost global productivity by up to 9% and reduce workplace injuries by 12% by 2023. Its a brave new world out there!

Environmental impact of automation on greenhouse gas emissions

  • Automation could lead to a 10% increase in carbon emissions in the transport sector by 2030.
  • Automation is estimated to reduce energy consumption in buildings by 15% by 2025.
  • Automation will reduce greenhouse gas emissions by 8% in the agriculture industry by 2023.

Interpretation

While automation promises efficiency and advancement in various sectors, the road to progress is not without its bumps. The transport sector risks a 10% increase in carbon emissions by 2030, a sobering reminder that technological evolution must be accompanied by sustainable practices. On the flip side, the bright spot shines in the building industry, with a projected 15% reduction in energy consumption by 2025 thanks to automation. Meanwhile, the agriculture industry stands poised to cut greenhouse gas emissions by 8% by 2023, showcasing the potential for automation to drive positive environmental change. As we navigate this dance between innovation and environmental impact, the key lies in harnessing the power of automation for the greater good of our planet.

Global spending on robotic process automation

  • Global spending on robotic process automation (RPA) software is expected to reach $2.4 billion by 2022.
  • Robotics process automation (RPA) adoption is expected to grow by 40% by 2023.
  • By 2023, 60% of organizations will have deployed RPA technology.
  • The market for AI-powered automation tools is expected to reach $151.7 billion by 2025.

Interpretation

With the speed at which automation is infiltrating the workplace, one thing is clear: robots are no longer just the stuff of sci-fi movies. As global spending on robotic process automation (RPA) software skyrockets to $2.4 billion by 2022 and RPA adoption is set to soar by 40% within the next year, it seems like soon we'll be sharing our water cooler chats with a mechanical colleague. By 2023, if your office doesn't have RPA technology in place, you might just be one of the few stragglers left in a world where AI-powered automation tools are expected to be a $151.7 billion market by 2025. So, buckle up and polish your people skills - the robots are coming, and they're not here to play office politics.

Industrial robotics market size estimation

  • The industrial robotics market is estimated to be worth $54.2 billion by 2025.
  • Industrial robots will carry out 30% of manufacturing tasks by 2025.
  • The market for automation in the food and beverage industry will reach $7.7 billion by 2024.
  • Autonomous mobile robots will handle 55% of materials handling tasks by 2025.

Interpretation

As the future unfolds with robotic precision, it seems the era of "rise of the machines" is not just a sci-fi fantasy. With industrial robots set to dominate a whopping 30% of manufacturing tasks and autonomous mobile robots poised to take over 55% of materials handling duties by 2025, one may wonder if humans are merely becoming spectators in their own game. The staggering projected market values only emphasize the unstoppable march of automation across various industries, including the tantalizing promise of robots invading our food and beverage sector with a hefty $7.7 billion market by 2024. So, buckle up and enjoy the ride, for the robot revolution seems to be well on its way, and we better embrace it with open arms, or perhaps just offer a friendly wave as they pass by!

Job displacement due to automation by 2030

  • By 2030, automation is projected to displace 800 million jobs worldwide.
  • Around 73 million jobs will be created globally by 2030 due to automation.
  • Over half of manufacturing tasks will be automated by 2025.
  • 38% of U.S. jobs are at high risk of automation by the early 2030s.
  • Automation will lead to an average of 10-50% reduction in the workforce by 2022.
  • AI and automation will displace 75 million jobs, but create 133 million new ones by 2022.
  • 65% of the value in the aviation and travel industry could be lost due to automation by 2030.
  • In 2019, 58% of U.S. manufacturing jobs were at risk of automation.
  • By 2025, automation could take over up to 20 million manufacturing jobs worldwide.
  • Over 30% of tasks in 60% of occupations can be automated.
  • By 2030, automation could displace 20 million manufacturing jobs in China.
  • By 2025, automation could eliminate 20% of all service sector jobs.
  • By 2030, automation could create 80 million jobs in the U.S.
  • By 2023, AI-powered automation will handle 20% of the world's content moderation.
  • By 2025, automation is expected to eliminate 1 in 4 labor-intensive tasks in the construction industry.

Interpretation

The rise of automation presents a paradoxical future where progress and displacement collide. With machines poised to revolutionize industries and job markets, the looming statistics paint a complex picture. As we brace for a workforce shake-up, it's clear that adaptation and innovation will be imperative for survival in the changing landscape. While some fear the loss of jobs to robots and algorithms, others see new opportunities on the horizon. The challenge ahead lies in harnessing the power of automation for the greater good, ensuring that advancements benefit society as a whole. In this era of transformative technology, the key will be to blend human ingenuity with machine efficiency for a future that works for everyone.

Productivity increase through automation

  • Automation can increase productivity by up to 9%.
  • Robotics process automation (RPA) will reduce costs by up to 90% for some businesses.
  • 85% of customer interactions will be managed without a human by 2020.
  • Automation could lead to a $7 trillion productivity boost in the global economy by 2030.
  • Over 70% of companies will implement AI and automation by 2030.
  • Automation will result in savings of $1.2 trillion in labor costs annually by 2025.
  • Close to 70% of providers will use automation by 2025 to connect information silos.
  • 54% of business leaders believe that automation will lead to a net gain in jobs by 2022.
  • Automation has the potential to reduce workplace injuries by 12% by 2023.
  • Automation could increase global GDP by $15 trillion by 2030.
  • Automation can lower healthcare costs by up to 17% by 2023.
  • Autonomous vehicles are projected to account for 25% of total passenger miles by 2034.
  • Automation is expected to save 2.7 billion labor hours annually by 2030.
  • Adoption of AI-powered automation is expected to grow by 45% by 2023.
  • Automation will lead to a 5-10% increase in workplace productivity by 2025.
  • Automation will result in a 50% reduction in errors in financial forecasting by 2022.
  • 63% of executives believe that automation will significantly impact their industry by 2023.
  • Automation can reduce operating costs by up to 80% in certain industries by 2025.
  • By 2030, automation could boost labor productivity by 25% in developing countries.
  • Over 80% of customer service interactions are expected to be automated by 2025.
  • Automation will lead to a 20% reduction in employee turnover rates by 2025.
  • By 2023, automation will enable 50% of organizations to decrease customer wait times.
  • AI-driven automation could increase business productivity by 40% by 2025.
  • Close to 60% of manufacturers will be using AI in at least one business process by 2023.
  • Automation is expected to create 28 million jobs in healthcare by 2030.
  • By 2023, over 70% of organizations will prioritize cybersecurity automation.
  • Automation will save businesses $5 trillion annually by 2030.
  • 67% of organizations will adopt AI-driven automation for IT management by 2023.
  • Task automation can save up to 25% of employees' time by 2025.
  • By 2023, 80% of industrial manufacturers will increase investments in automation.
  • By 2025, automation will improve operational efficiency by 25% in the logistics sector.
  • Automation is expected to reduce manufacturing labor costs by 18% by 2023.
  • Over 70% of companies will implement automation for HR functions by 2025.
  • Automation can increase sales conversion rates by 50% by 2023.
  • The pharmaceutical industry will save $50 billion annually through automation by 2025.
  • Automation is projected to generate $33 billion in revenue for the agriculture industry by 2024.
  • By 2023, automation is expected to reduce data entry errors by 80%.
  • Automation will lead to a 25% increase in operational efficiency for manufacturing by 2025.
  • By 2023, automation could save businesses $450 billion in marketing costs.
  • Cloud automation is expected to reduce cloud-related outages by 90% by 2025.
  • By 2025, automation could reduce employee training costs by 25%.
  • The e-commerce sector will experience a 15% revenue increase due to automation by 2023.
  • Automation is expected to save companies $500 billion annually by 2024.
  • By 2023, automation will account for 40% of all data management tasks in finance.
  • Automation is projected to cut operational costs by 30% in the retail industry by 2025.
  • By 2024, automation could lead to a 20% decrease in maintenance costs for utilities.
  • Automation is set to reduce customer service response times by 30% by 2023.
  • Over 80% of financial institutions will implement automation for fraud detection by 2025.
  • By 2023, automation is expected to decrease shipping errors by 50%.
  • Automation will lower equipment downtime by 25% in the mining industry by 2025.
  • The transportation industry will save $90 billion annually through automation by 2024.
  • By 2025, automation could boost inventory turnover rates by 40% in the retail sector.
  • Automation is projected to reduce maintenance costs by 15% in the power generation sector by 2023.
  • 75% of HR executives plan to implement automation for talent acquisition by 2025.

Interpretation

The world of automation is buzzing with promises of increased productivity, reduced costs, and a revolution in how businesses operate. With statistics like these, it's hard not to imagine a future where robots and AI are seamlessly integrated into every aspect of our lives. From saving trillions in labor costs to reducing workplace injuries and customer wait times, the potential benefits seem endless. But as we hurtle towards a future dominated by automation, one can't help but wonder: will the robots outshine us all, or will we find a way to harness this technological wave for the betterment of society? Only time will tell if we're headed towards a utopian paradise of efficiency or a dystopian landscape of jobless despair. Hold on tight, because the automation revolution is well underway, and it's showing no signs of slowing down.

References