Global Cloud Workflow Market to Reach $16.3 Billion by 2030
The global market for Cloud Workflow estimated at US$5.7 Billion in the year 2023, is expected to reach US$16.3 Billion by 2030, growing at a CAGR of 16.2% over the period 2023-2030. Cloud Workflow Platform, one of the segments analyzed in the report, is expected to record 15.6% CAGR and reach US$10.3 Billion by the end of the analysis period. Growth in the Cloud Workflow Services segment is estimated at 17.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 15.5% CAGR
The Cloud Workflow market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 15.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.2% and 13.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook