The Workflow Automation Market was valued at USD 4.32 billion in 2016 and is projected to reach USD 29.25 billion by 2025, growing at a CAGR of 23.68% from 2017 to 2025.
Workflow Automation is a created series of automated actions for the steps in a business process that are used to improve everyday business processes. Businesses that use workflow automation are more efficient, save time and money, and minimize the likelihood of errors. Workflow automation provides several benefits to the enterprises including - streamlines communication, creates accountability, reduces costs and error, creates more workplace efficiency, empowers employees to manage their own time, improves management, and provides real-time reports.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Incorporation of new technologies with workflow automation
1.2 Increasing demand for workflow automation in logistics, BPO industry
1.3 Increased focus on streamlining business processes
1.4 Easy business operation with the installation of workflow automation tools
1.5 Cost effective workflow automation system
2. Market Restraints
2.1 Poor awareness related to workflow automation
2.2 Rising concerns for data security in the financial sector
2.3 Issues with integration of new and existing systems
Market Segmentation:
The Workflow Automation Market is segmented on the process, organization size, component, deployment model, operation, vertical, and region.
1. Process:
1.1 Automated solution
1.2 Interaction solution
1.3 Decision support and Management solution
2. Organization Size:
2.1 Large Enterprises
2.2 Small and Medium Organizations
3. By Component:
3.1 Software
3.2 Services
4. By Deployment Mode:
4.1 Cloud-based
4.2 On-premises
5. By Operation:
5.1 Robotic Process Automation-based
5.2 Rule-based
5.3 Knowledge-based
6. By Vertical:
6.1 Healthcare and Pharmaceuticals
6.2 Government and Defense
6.3 IT and Telecom
6.4 Banking, Financial Services, and Insurance (BFSI)
6.5 Travel and Hospitality
6.6 Retail and Consumer Goods
6.7 Manufacturing and Logistics
6.8 Others
7. By Region:
7.1 North America (U.S., Canada, Mexico)
7.2 Europe (Germany, UK, France, Rest of Europe)
7.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
7.4 Latin America (Brazil, Argentina, Rest of Latin America)
7.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Oracle Corporation
2. IBM Corporation
3. Software AG
4. Appian
5. Xerox Corporation
6. Ipsoft, Inc.
7. Nintex Global Limited
8. Newgen Software Technologies Limited
9. Bizagi
10. Pegasystems Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Workflow Automation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
1 INTRODUCTION OF WORKFLOW AUTOMATION MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 WORKFLOW AUTOMATION MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 WORKFLOW AUTOMATION MARKET , BY PROCESS
5.1 Overview
5.2 Automated solution
5.3 Interaction solution
5.4 Decision support and Management solution
6 WORKFLOW AUTOMATION MARKET , BY ORGANIZATION SIZE
6.1 Overview
6.2 Large Enterprises
6.3 Small and Medium Organizations
7 WORKFLOW AUTOMATION MARKET , BY COMPONENT
7.1 Overview
7.2 Software
7.3 Services
8 WORKFLOW AUTOMATION MARKET , BY DEPLOYMENT MODEL
8.1 Overview
8.2 Cloud-based
8.3 On-premises
9 WORKFLOW AUTOMATION MARKET , BY OPERATION
9.1 Overview
9.2 Automation-based
9.3 Rule-based
9.4 Knowledge-based
10 WORKFLOW AUTOMATION MARKET , BY VERTICAL
10.1 Overview
10.2 Healthcare and Pharmaceuticals
10.3 Government and Defense
10.4 IT and Telecom
10.5 Banking, Financial Services, and Insurance (BFSI)
10.6 Travel and Hospitality
10.7 Retail and Consumer Goods
10.8 Manufacturing and Logistics
10.9 Others
11 WORKFLOW AUTOMATION MARKET , BY GEOGRAPHY
11.1 Overview
11.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
11.3.1 Germany
11.3.2 U.K.
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of Asia Pacific
11.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
11.5.1 Brazil
11.5.2 Argentina
11.6 Rest of the World Regional Market Estimates and Forecasts, 2012 â€" 2025
12 WORKFLOW AUTOMATION MARKET COMPETITIVE LANDSCAPE
12.1 Overview
12.2 Company Market Share
12.3 Vendor Landscape
12.4 Key Development Strategies
13 COMPANY PROFILES
13.1 Oracle Corporation
13.1.1 Overview
13.1.2 Financial Performance
13.1.3 Product Outlook
13.1.4 Key Developments
13.2 IBM Corporation
13.2.1 Overview
13.2.2 Financial Performance
13.2.3 Product Outlook
13.2.4 Key Developments
13.3 Software AG
13.3.1 Overview
13.3.2 Financial Performance
13.3.3 Product Outlook
13.3.4 Key Developments
13.4 Appian
13.4.1 Overview
13.4.2 Financial Performance
13.4.3 Product Outlook
13.4.4 Key Developments
13.5 Xerox Corporation
13.5.1 Overview
13.5.2 Financial Performance
13.5.3 Product Outlook
13.5.4 Key Developments
13.6 Ipsoft, Inc.
13.6.1 Overview
13.6.2 Financial Performance
13.6.3 Product Outlook
13.6.4 Key Developments
13.7 Nintex Global Limited
13.7.1 Overview
13.7.2 Financial Performance
13.7.3 Product Outlook
13.7.4 Key Developments
13.8 Newgen Software Technologies Limited
13.8.1 Overview
13.8.2 Financial Performance
13.8.3 Product Outlook
13.8.4 Key Developments
13.9 Bizagi
13.9.1 Overview
13.9.2 Financial Performance
13.9.3 Product Outlook
13.9.4 Key Developments
13.10 Pegasystems Inc.
13.10.1 Overview
13.10.2 Financial Performance
13.10.3 Product Outlook
13.10.4 Key Developments
14 Appendix
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