Global Workflow Management Systems Market 2015-2019
About Workflow Management
Workflow management is a process that helps to define, administrate, and coordinate different business processes in an organization. A workflow management system is a software used to execute and monitor various tasks in sequence. The most important function in a workflow management system is the coordination of individual steps. There exist two types of workflow management systems:
TechNavio Announces the Publication of its Research Report – Global Workflow Management Systems Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Workflow Management Systems Market: Hewlett-Packard Co. (HP), International Business Machines Corp. (IBM), Oracle Corp. and SAP AG.
Other Prominent Vendors in the market are: Appian, Bosch, EMC, Fujistu, Network Automation, Newgen Software, OrangeScape Technologies, PaperSave, Pegasystems, PNMsoft, Software and Tibco Software.
Commenting on the report, an analyst from TechNavio’s team said: “Increased demand for cloud-based workflow management systems is one of the major trends in the market. The adoption of workflow systems is fueled by the emergence of cloud-based solutions, which enable an organization to use the software at a low price. Cloud-based workflow systems offer easy scalability and flexibility, and help reduce costs of the business processes.”
According to the report, the need to increase productivity and efficiency is one of the major drivers in the market. Workflow management solutions enable organizations to share documents in real time, share information, and discuss issues and provide solutions in a short period.
Further, the report states that high cost of implementation is one of the major challenges in this market. The deployment of a workflow system is an expensive process because it requires professionally trained people. Moreover, implementing a complete workflow system is a time-consuming process.HP, IBM, Oracle, SAP, Appian , Bosch , EMC , Fujistu , Network Automation , Newgen Software , OrangeScape Technologies , PaperSave , Pegasystems , PNMsoft, Software AG, Tibco Software
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