Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Enterprise
Workflow Automation Software Market makes an offering of in-depth analysis of
segments and sub-segments in the regional and international Enterprise Workflow
Automation Software Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Enterprise Workflow
Automation Software Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global Enterprise
Workflow Automation Software Market is offered. In accordance with the report,
the global Enterprise Workflow Automation Software Market is projected to
expand at a CAGR of 26% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
A workflow
management system identifies, performs, and operates workflow with a software
program. It operates on workflow engines, which can determine the process
definition and interact with workflow participants. It helps in automating
business operations and processes.
One of the major
advantages of Workflow Automation Software is that it can be used for various
applications across industry verticals. With the rising need to streamline
complex processes in addition to technological penetration will boost the
demand of this market in years to come. With the adoption of Enterprise
Workflow Automation systems, the business processes are enhanced across all
industry verticals in terms of lesser lead time, reduced errors, and
microscopic understandings of process execution. It helps in better utilization
of resources and cost efficiency and increased access to information which are
major drivers for the growth of Enterprise Workflow Automation system market in
the forecast period. With more productivity and considerable reduction in
errors, many large organizations are availing the services of Enterprise
Workflow Automation Software. This software offers complete transparency of all
actions across teams and organization, as well as improving customer
satisfaction and curtailing the time required for products and/or services to
reach the market. However, the major factor that may restrain the growth of
Enterprise Workflow Automation System market is the high cost for the
procurement of software, network development and management as implementation
of such a software requires strong IT infrastructure and support. Due to less
budget of organizations and lack of adequate IT infrastructure and technical
know-how, many companies are less likely to adopt the Enterprise Workflow
Automation System. However, with
businesses growing with a clear understanding of the advantages and
serviceability of this software, would help create big opportunity for the
adoption of workflow management software globally in the forecast period.
With growing
penetration of process management and automation solutions in addition to
increase in adoption of cloud technology across the United States, the region
of North America dominated the market and is expected to continue the trend
throughout the forecast period. Many companies are expanding their operations
with acquisitions, mergers and partnership and introduction of new solutions.
For instance, Top Imaging System Ltd, in 2018, announced a global reseller
agreement with Xerox, wherein Top Imaging System’s content processing solutions
will be integrated with the workflow automation suite of Xerox. As the
competition is increasing, companies are focusing on enhancing operation
efficiency and providing better consumer experience management.
Segment Covered:
This market
intelligence report on the global Enterprise Workflow Automation Software
Market encompasses market segments based on component, software, service,
deployment, vertical, and country/regions.
In terms of Component Outlook, the global Enterprise
Workflow Automation Software Market is segregated into
§ Software
§ Services
By Software Outlook, the global Enterprise
Workflow Automation Software Market is also classified into,
§ Production Workflow Systems
§ Messaging-Based Workflow Systems
§ Web-Based Workflow Systems
§ Suite-Based Workflow System
§ Others
By Service Outlook, the global Enterprise
Workflow Automation Software Market is also classified into,
§ IT Consulting
§ Integration and Implementation
§ Training & Development
By Deployment Outlook, the global Enterprise
Workflow Automation Software Market is also classified into,
§ Cloud
§ On-Premise
By Vertical, the global Enterprise Workflow
Automation Software Market is also
classified into,
§ BFSI
§ Public Sector
§ Healthcare
§ Retail
§ Energy & Utilities
§ IT & Telecom
§ Transportation
§ Travel & Hospitality
§ Education
§ Others
By country/region, the global Enterprise Workflow Automation
Software Market has been divided
into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Appian
§ Bizagi
§ IBM Corporation
§ Newgen Software Technologies Limited
§ Nintex Global Limited
§ Oracle Corporation
§ Pegasystems Inc.
§ Software AG
§ SourceCode Technology Holdings Inc.
§ Xerox Corporation and many more
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Enterprise Workflow Automation Software related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Enterprise Workflow Automation Software Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Enterprise
Workflow Automation Software Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Appian, Bizagi, IBM
Corporation, Newgen Software Technologies Limited, Nintex Global Limited,
Oracle Corporation, Pegasystems Inc., Software AG, SourceCode Technology
Holdings Inc., Xerox Corporation and many more
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Enterprise
Workflow Automation Software Market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Enterprise Workflow Automation Software Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Enterprise Workflow Automation Software Market
v
Identification
of key factors driving investment opportunities in the Enterprise Workflow
Automation Software Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants