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Workflow Automation Market by Process (Automated Solution, Decision Support & Management Solution, and Interaction Solution), Operations, Deployment (Cloud, and On-Premise), Organization Size, Offering, Industry, and Geography - Global Forecast to 2023

Workflow Automation Market by Process (Automated Solution, Decision Support & Management Solution, and Interaction Solution), Operations, Deployment (Cloud, and On-Premise), Organization Size, Offering, Industry, and Geography - Global Forecast to 2023

“Workflow automation market to exhibit significant growth between 2017 and 2023”
The workflow automation market is expected to reach USD 18.45 billion by 2023, at a CAGR of 23.56% between 2017 and 2023. Major factors that have propelled the market growth are 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. The major restraint of the workflow automation market is data insecurity, which is hindering the implementation of workflow automation in the financial sector.

“Workflow automated solution market to grow at the highest rate between 2017 and 2023”
On the basis of process, the automated solution market for workflow automation is expected to grow at the highest CAGR between 2017 and 2023. Owing to the high degree of flexibility and scalability of the workflow automation solution, it has witnessed widespread deployment in business environments with a greater requirement for data processing and workflow management. The availability of automated solutions capable of large-scale deployment in data management systems is a major driver for the market.

“BFSI sector held the largest share of the overall workflow automation market in 2016”
The BFSI sector held the largest share of the workflow automation market among all industries in 2016. Automated solutions help the BFSI sector in improving the speed of data collection and also detect errors in time, thereby improving the overall effectiveness of various processes involved in the BFSI sector. There is an increasing adoption of mobile technologies in emerging markets such as India, China, and Indonesia, which has resulted in the development of low-cost elementary services in the BFSI sector using branchless banking aided by mobile payment technologies. The BFSI sector embracing technology innovation is expected to boost the workflow automation market.

“Workflow automation market in Asia Pacific to grow at the highest rate between 2017 and 2023”
The workflow automation market in Asia Pacific is expected to grow at the highest rate between 2017 and 2023. This is mainly attributed to the presence of outsourcing industries in countries such as India and China, which drives the adoption of workflow automation. Increased operational efficiency and lower cost, with reduction in full time employee (FTE), are the other benefits associated with workflow automation that drives the growth of the market in APAC.

Break-up of the profiles of primary participants for the report has been given below:
• By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
• By Designation: C-Level Executives – 55%, Directors – 30%, and Others – 15%
• By Region: North America – 60%, Europe – 20%, APAC – 15%, and RoW – 5%
The key players in the market include IBM Corporation (US), Oracle Corporation (US), Pegasystems Inc. (US), Software AG (Germany), Xerox Corporation (US), Appian Corporation (US), Bizagi (UK), Ipsoft Inc. (US), Newgen Software Technologies Limited (India), and Nintex Global Limited (US).

Research Coverage:
The research report on the overall workflow automation market covers different segments: offering, process, operation, organization size, deployment, industry, and geography. The market has been segmented on the basis of operation into rule-based, knowledge-based, and robotic process automation-based. On the basis of process, the workflow automation market has been classified into automated solutions, decision support and management solutions, and interaction solutions. On the basis of organization size, the market breakdowns are large enterprises and SMEs. The deployment market has been segmented into on-premise and cloud. The report covers two types of workflow automation offerings: software and services. Furthermore, the workflow automation market has been segmented on the basis of industries into, banking, financial services & insurance, healthcare & pharmaceuticals, manufacturing & logistics, telecom & IT, retail & consumer goods, travel, hospitality & transportation, energy & utilities, and others. The report covers 4 major geographical regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on offering, process, operation, organization size, deployment, industry, and geography have been conducted to give an overall view of the workflow automation market.
The major drivers, restraints, opportunities, and challenges for the workflow automation market have been detailed in this report.
The report includes a detailed competitive landscape, along with key players, in-depth analysis, and revenue of key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • WORKFLOW AUTOMATION MARKET
    • WORKFLOW AUTOMATION MARKET, BY OFFERING
    • WORKFLOW AUTOMATION MARKET, BY PROCESS
    • WORKFLOW AUTOMATION MARKET: KEY INDUSTRIES TO INVEST IN DIFFERENT REGIONS
    • WORKFLOW AUTOMATION MARKET, BY INDUSTRY AND REGION
    • WORKFLOW AUTOMATION MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • TYPES OF WORKFLOW AUTOMATION
      • PRODUCTION WORKFLOW SYSTEMS
      • MESSAGING-BASED WORKFLOW SYSTEMS
      • WEB-BASED WORKFLOW SYSTEMS
      • SUITE-BASED WORKFLOW SYSTEMS
    • WORKFLOW AUTOMATION ARCHITECTURE
    • EVOLUTION OF COGNITIVE PROCESS WITH BUSINESS WORKFLOW
    • COGNITIVE PROCESS WITHIN WORKFLOW AUTOMATION
    • APPLICATIONS OF COGNITIVE PROCESS AND ARTIFICIAL INTELLIGENCE IN WORKFLOW AUTOMATION
      • BFSI
      • HEALTHCARE
      • OTHERS (LAW AND EDUCATION)
    • VALUE CHAIN ANALYSIS
      • WORKFLOW AUTOMATION SOFTWARE PROVIDERS
      • WORKFLOW AUTOMATION SERVICE PROVIDERS
      • IMPLEMENTATION
      • INDUSTRY VERTICALS
  • WORKFLOW AUTOMATION MARKET, BY PROCESS
    • INTRODUCTION
    • AUTOMATED SOLUTION
    • DECISION SUPPORT AND MANAGEMENT SOLUTION
    • INTERACTION SOLUTION
      • Table WORKFLOW AUTOMATION MARKET, BY PROCESS, 2014-2023 (USD MILLION)
  • WORKFLOW AUTOMATION MARKET, BY OPERATION
    • INTRODUCTION
    • RULE BASED
    • KNOWLEDGE BASED
    • ROBOTIC PROCESS AUTOMATION BASED
      • Table WORKFLOW AUTOMATION MARKET, BY OPERATION, 2014-2023 (USD MILLION)
      • Table WORKFLOW AUTOMATION MARKET FOR ROBOTIC PROCESS AUTOMATION, BY REGION, 2014-2023 (USD MILLION)
  • WORKFLOW AUTOMATION MARKET, BY DEPLOYMENT
    • INTRODUCTION
    • ON-PREMISE
    • CLOUD-BASED
      • Table WORKFLOW AUTOMATION MARKET, BY DEPLOYMENT, 2014-2023 (USD MILLION)
  • MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
    • LARGE ENTERPRISES
    • SMES
      • Table WORKFLOW AUTOMATION MARKET, BY ORGANIZATION SIZE, 2014-2023 (USD MILLION)
  • WORKFLOW AUTOMATION MARKET, BY OFFERING
    • INTRODUCTION
      • Table WORKFLOW AUTOMATION MARKET, BY OFFERING, 2014-2023 (USD MILLION)
    • SOFTWARE
      • MODEL-BASED APPLICATION
      • PROCESS-BASED APPLICATION
        • Table WORKFLOW AUTOMATION MARKET FOR SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR SOFTWARE, BY INDUSTRY, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR BFSI BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR TELECOM AND IT BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR TRAVEL, HOSPITALITY, AND TRANSPORTATION BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR RETAIL AND CONSUMER GOODS BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR MANUFACTURING AND LOGISTICS BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR HEALTHCARE AND PHARMACEUTICALS BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR ENERGY AND UTILITIES BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR OTHERS BASED ON SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
    • SERVICES
      • CONSULTING
      • INTEGRATION AND DEVELOPMENT
      • TRAINING
        • Table WORKFLOW AUTOMATION MARKET FOR SERVICES, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR SERVICES, BY INDUSTRY, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR BFSI BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR TELECOM AND IT BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR TRAVEL, HOSPITALITY, AND TRANSPORTATION BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR RETAIL AND CONSUMER GOODS BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR MANUFACTURING AND LOGISTICS BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR HEALTHCARE AND PHARMACEUTICALS BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR ENERGY AND UTILITIES BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
        • Table WORKFLOW AUTOMATION MARKET FOR OTHER INDUSTRIES BASED ON SERVICE, BY REGION, 2014-2023 (USD MILLION)
  • WORKFLOW AUTOMATION MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table WFA MARKET, BY INDUSTRY, 2014-2023 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, & INSURANCE
      • Table WFA MARKET FOR BFSI INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR BFSI INDUSTRY, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR BFSI INDUSTRY, BY PROCESS, 2014-2023 (USD MILLION)
    • TELECOM & IT INDUSTRY
      • Table WFA MARKET FOR TELECOM & IT INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR TELECOM & IT INDUSTRY, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR TELECOM & IT INDUSTRY, BY PROCESS, 2014-2023 (USD MILLION)
    • TRAVEL, HOSPITALITY, & TRANSPORTATION INDUSTRY
      • Table WFA MARKET FOR TRAVEL, HOSPITALITY, & TRANSPORTATION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR TRAVEL, HOSPITALITY, & TRANSPORTATION INDUSTRY, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR TRAVEL, HOSPITALITY, & TRANSPORTATION INDUSTRY, BY PROCESS, 2014-2023 (USD MILLION)
    • RETAIL & CONSUMER GOODS
      • Table WFA MARKET FOR RETAIL & CONSUMER GOODS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR RETAIL & CONSUMER GOODS INDUSTRY, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR RETAIL & CONSUMER GOODS INDUSTRY, BY PROCESS, 2014-2023 (USD MILLION)
    • MANUFACTURING & LOGISTICS INDUSTRY
      • Table WFA MARKET FOR MANUFACTURING & LOGISTICS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR MANUFACTURING & LOGISTICS INDUSTRY, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR MANUFACTURING & LOGISTICS INDUSTRY, BY PROCESS, 2014-2023 (USD MILLION)
    • HEALTHCARE & PHARMACEUTICALS
      • Table WFA MARKET FOR HEALTHCARE & PHARMACEUTICALS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR HEALTHCARE & PHARMACEUTICALS INDUSTRY, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR HEALTHCARE & PHARMACEUTICALS INDUSTRY, BY PROCESS, 2014-2023 (USD MILLION)
    • ENERGY & UTILITIES
      • Table WFA MARKET FOR ENERGY & UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR ENERGY & UTILITIES INDUSTRY, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR ENERGY & UTILITIES INDUSTRY, BY PROCESS, 2014-2023 (USD MILLION)
    • OTHER INDUSTRIES
      • Table WFA MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR OTHER INDUSTRIES, BY OFFERING, 2014-2023 (USD MILLION)
      • Table WFA MARKET FOR OTHER INDUSTRIES, BY PROCESS, 2014-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table WORKFLOW AUTOMATION MARKET, BY REGION, 2014-2023 (USD MILLION)
    • NORTH AMERICA
      • Table WORKFLOW AUTOMATION MARKET IN NORTH AMERICA, BY INDUSTRY, 2014-2023 (USD MILLION)
      • US
      • CANADA
      • MEXICO
        • Table WORKFLOW AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
    • EUROPE
      • Table WORKFLOW AUTOMATION MARKET IN EUROPE, BY INDUSTRY, 2014-2023 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • REST OF EUROPE
        • Table WORKFLOW AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table WORKFLOW AUTOMATION MARKET IN ASIA PACIFIC, BY INDUSTRY, 2014-2023 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF ASIA PACIFIC
        • Table WORKFLOW AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2014-2023 (USD MILLION)
    • REST OF WORLD
      • Table WORKFLOW AUTOMATION MARKET IN ROW, BY INDUSTRY, 2014-2023 (USD MILLION)
      • MIDDLE EAST AND AFRICA
      • SOUTH AMERICA
        • Table WORKFLOW AUTOMATION MARKET IN ROW, BY REGION, 2014-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS OF THE TOP PLAYERS OF WORKFLOW AUTOMATION MARKET
      • Table RANKING OF TOP 5 PLAYERS: WORKFLOW AUTOMATION MARKET, 2016
    • COMPETITIVE SITUATION AND TRENDS
      • BATTLE FOR MARKET SHARE: PRODUCT LAUNCHES WAS THE KEY STRATEGY ADOPTED BETWEEN 2015 AND 2017
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES, 2015-2017
      • AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS
        • Table AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS, 2015-2017
      • ACQUISITIONS
        • Table ACQUISITIONS, 2015-2017
      • EXPANSIONS
        • Table EXPANSIONS, 2015-2017
  • COMPANY PROFILES
    • INTRODUCTION
    • IBM CORPORATION
      • BUSINESS OVERVIEW
      • SOLUTION OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ORACLE CORPORATION
      • BUSINESS OVERVIEW
      • SOLUTION OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • PEGASYSTEMS INC.
      • BUSINESS OVERVIEW
      • SOLUTION OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SOFTWARE AG
      • BUSINESS OVERVIEW
      • SOLUTION OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • XEROX CORPORATION
      • BUSINESS OVERVIEW
      • SOLUTION OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • APPIAN
      • BUSINESS OVERVIEW
      • SOLUTION AND SERVICES OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BIZAGI
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • IPSOFT, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • NEWGEN SOFTWARE TECHNOLOGIES LIMITED
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • NINTEX GLOBAL LIMITED
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • KEY INNOVATORS
      • OPENTEXT CORP.
      • TIBCO SOFTWARE INC.
      • UIPATH SRL
      • SOURCECODE TECHNOLOGY HOLDINGS, INC.
      • THOUGHTONOMY LTD.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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