Global Workflow Automation Market – by Type, Process, Operation, Organization Size, Deployment, Vertical, Region – Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 – 2025)
Workflow automation is a unified way to manage manual and paper-based processes which usually have unstructured tasks involving people, processes, and content. Workflow and Content Automation (WCA) is the procedure of consolidating traditional workflow and content generation into a complete new category to address the desires of a digital business. The adoption of workflow automation in some of the business processes has led to several kinds of strategic partnerships between workflow automation tool vendors, BPO's and other service providers. Moreover, implementation of workflow automation in areas such as utilities, supply chain management, and finance and accounting are ongoing. Demand Scenario The global workflow automation market was USD 6.41 billion in 2018 and is estimated to reach USD 26.3 billion by 2025 at a CAGR of 22.34% during the forecast period Growth by Region North America holds the leading market share in automated software market in 2018, and would continue to dominate the market. The Europe market is likely to witness a CAGR of 18.5% during 2018 – 2025 period in the decision support & management software market. However, the Asia Pacific market will witness a CAGR of 19.4% in interaction software market during the same period. Drivers The major factors such as simplicity in process with the installation of workflow automation tools, convergence of workflow automation with traditional business processes, emphasis on reorganising business processes, and cost efficiency through workflow automation are driving the workflow automation market. Industry Trends and Updates The market for workflow automation software market held the largest market share due to the demand for software in structured data format in numerous organizations. The automated solution market for workflow automation held the largest market share due to the growth of banking, financial services, and insurance industries that have been using automated solution since 2010. Owing to the greater degree of flexibility and scalability of the automated solution, it has observed extensive deployment in business environments with a greater necessity for data processing and workflow management. The workflow automation in the BFSI industry held the largest market share amongst all industries. In the BFSI industry, procedures such as data entry for clearance and registration processes, updating systems and making client information, gathering information from several systems and creating a renewal premium, processes such as order-to-cash (order management, record-to-report (fixed asset accounting), conduct compliance, legal and credit checks, invoicing and collections, etc.), and claims processing and general data entry are done by workflow automation in the insurance and banking sectors to facilitate the tedious and time-consuming processes.
Global Workflow Automation Market – by Type, Process, Operation, Organization Size, Deployment, Vertical, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
1. Research Methodology
2. Executive Summary
3. Market Overview
3.2. Industry Value Chain Analysis
3.3. Porter's 5 Forces
4. Market Dynamics
5. Global Workflow Automation Market Segmentation, Forecasts and Trends - by Type
6. Global Workflow Automation Market Segmentation, Forecasts and Trends - by Process
6.1. Automated Software
6.2. Decision Support & Management Software
6.3. Interaction Software Marketing
7. Global Workflow Automation Market Segmentation, Forecasts and Trends - by Operation
7.1. Rule Based
7.2. Knowledge Based
7.3. Robotic Process Automation Based
8. Global Workflow Automation Market Segmentation, Forecasts and Trends - by Organization Size
8.1. Small & Medium Enterprises
8.2. Large Enterprises
9. Global Workflow Automation Market Segmentation, Forecasts and Trends - by Deplyoment
10. Global Workflow Automation Market Segmentation, Forecasts and Trends - by Vertical
10.6. Telecom & IT
10.8. Hospitality & Transportation
11. Global Workflow Automation Market Segmentation, Forecasts and Trends - by Region
11.1. North America
11.3. Asia Pacific
11.3.4. South Korea
11.4. South America
11.5. Middle East and Africa
12. Competitive Intelligence
12.1. Company Market Share Analysis
12.2. Industry M&As, Consolidations
13. Company Profiles
13.1. IBM Corporation
13.2. Oracle Corporation
13.3. Pegasystems Inc.
13.5. Software AG
13.6. Uipath SRL
13.7. Sourcecode Technology Holdings, Inc.
13.8. Xerox Corporation
13.9. OpenText Corp.
13.10. Tibco Software Inc.
13.12. Thoughtonomy Ltd.
13.13. IPsoft, Inc.
13.14. Newgen Software Technologies Limited
13.15. Nintex Global Limited
14. Investment Opportunities