Workflow automation is an effective way to simplify repetitive processes. It also makes employees more productive, enabling them to focus on value-generating activities. Workflow automation increases employee morale and gives them more time to do work that adds value for the company. Despite the obvious benefits, workflow automation is still a relatively new technology that requires careful consideration before implementing it. Here are some of the key benefits that businesses can gain by adopting workflow automation:
Market Dynamics:
The increasing adoption of workflow automation in various industries such as BFSI, telecom and IT, retail and consumer goods, healthcare and pharmaceuticals, manufacturing and logistics, and energy and utilities is expected to drive growth of the global workflow automation market during the forecast period. Moreover, the demand for workflow automation is increasing among small and medium-sized enterprises (SMEs).
However, high cost of implementation and data security concerns are likely to hinder adoption of workflow automation, which in turn is expected to obstruct the market growth in the forecast future.
Key features of the study:
- This report provides in-depth analysis of the global workflow automation market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global workflow automation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Xerox Corporation, IBM Corporation, Nintex Global Limited, Software AG, Newgen Software Technologies Limited, Oracle Corporation, IPsoft Inc. (Amelia LLC), Pegasystems Inc., Bizagi, and Appian Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global workflow automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global workflow automation market
Detailed Segmentation:
- Global Workflow Automation Market, By Deployment
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- Global Workflow Automation Market, By Solution
- Global Workflow Automation Market, By End-User Industry
- Banking
- Telecom Retail
- Manufacturing and Logistics
- Energy and Utilities
- Other End-user Industries
- Global Workflow Automation Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- IBM Corporation
- Software AG
- Oracle Corporation
- Pegasystems Inc.
- Appian Corporation
- Bizagi
- IPsoft Inc. (Amelia LLC)
- Newgen Software Technologies Limited
- Nintex Global Limited
- Xerox Corporation
