roxwatchtray.exe is a process which belongs to Roxio Media Authoring software and loads a system tray icon when your computer boots up. This is a non-essential process.
Disabling or enabling it is down to user preference.
Non-system processes like roxwatchtray.exe originate from software you installed on your system. Since most applications store data in your system's registry, it is likely that your registry has suffered fragmentation and accumulated invalid entries which can affect your PC's performance. It is recommended that you check your registry to identify slowdown issues