HNY Research projects that the Workflow Automation market size will grow from USD 4.68 Billion in 2017 to USD 16.58 Billion by 2023, at an estimated CAGR of 23.48%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Key factors such as ease in process with the installation of workflow automation tools, convergence of workflow automation with traditional business processes, focus on streamlining business processes, and cost efficiency through workflow automation are driving the workflow automation market. The workflow automation market has been segmented on the basis of process, operation, deployment, organization size, offering, industry, and region. The market for workflow automation software market held the largest market share owing to the demand for software in structured data format in various organizations. The function of workflow automation software is mainly based on the optical character recognition (OCR); optical mark recognition (OMR); and text, audio, video, and other file formats. These formats are used to maintain the records of business processes so that they are easily recognizable by workflow automation, thus eliminating mundane business processes and reducing human intervention.
By Market Players:
IBM CorporationÂ , Oracle CorporationÂ , Pegasystems Inc.Â , Software AGÂ , Xerox CorporationÂ , AppianÂ , BizagiÂ , Ipsoft, Inc.Â , Newgen Software Technologies LimitedÂ , Nintex Global LimitedÂ , Opentext Corp., Tibco Software Inc., Uipath SRL, Sourcecode Technology Holdings, Inc., Thoughtonomy Ltd.,
Automated SolutionÂ , Decision Support and Management SolutionÂ , Interaction Solution, ,
Rule BasedÂ , Knowledge BasedÂ , Robotic Process Automation Based, ,
On-PremiseÂ , Cloud-Based, , ,
By Organization Size
Large EnterprisesÂ , SMES, , ,
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
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