Global Workflow Management System Market Report By Component (Software, Services), By Software (Production Workflow Systems, Messaging-based Workflow Systems, Web-based Workflow Systems, Suite-based Workflow Systems, Others) By Service (Consulting, Integration, Training & Development) By Deployment (Cloud, On-Premise) By Vertical (BFSI, Healthcare, Retail, IT & Telecom, Transportation, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11215544
July 2021
Report Formats:
Global Workflow Management System Market Overview
 
The key driver impacting the workflow management system market is the rising focus on streamlining business processes. The deployment of workflow management systems can lead to a substantial reduction in errors, as machines are less prone to making errors than humans. The technological advancements in the study and adoption of automation tools to perform tasks are stimulating the market demand. The increased competitiveness due to technological advances, and high adoption of automated solutions aid in mounting productivity in turn created market demand. Moreover, the rising focus on streamlining of business processes contributes to workflow management system market demand later.
According to Value Market Research, the global Workflow management system market size was valued at about USD 8 billion in 2020 and is estimated to grow at a CAGR of around 28% during the forecast period 2021 to 2027.

The rising deployment of workflow management systems will likely augment workflow management system demand in the forecast period. It is due to the various advantages offered by the workflow management systems. For instance, it helps in modernizing the business processes, better resources utilization, cost efficiency, and enhanced business processes. Also, increase to the adaptive environment and incessant access to technology, data, and information, with increasing data, varying nature of the business are positively impacting the market growth. However, the high cost of implementation hampers the market in the long run. In addition, difficulty in integrating new and legacy systems through workflows is impeding market growth. Nevertheless, the market trends, such as the increased adoption of cloud deployment model, and increased focus on digital transformation initiatives, might provide considerable opportunities to the market's leading players.

The Workflow management system market is widespread, with many local and international players. The market leaders follow diverse strategies such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to strengthen their market share globally. The key players in the report are Appian, Newgen Software Technologies Limited; Bizagi, Oracle Corporation, IBM Corporation, Nintex Global Limited, Software AG, Pegasystems Inc., SourceCode Technology Xerox Corporation, and Holdings, Inc.

Global Workflow Management System Market Share

In this research report, the Workflow management system market is segmented by Component, software, service, deployment, vertical, and region. 

Analysis by Component:
By Component, the report is segmented into services and solutions. The solutions segment dominates the component segment, with the highest share in 2020.  It is due to the rising need to manage the strong industrial competition; the service providers are focus on providing innovative WFMS to advance streamlining of business processes. Moreover, a growing number of companies are utilizing workflow management systems to organize work processes, track performances, automate tasks, test the efficacy of business strategies, and offer employees information on allocated projects contributing to the growth of the solutions segment.

Analysis by Software:
By software, the report is segmented into production workflow systems, messaging-based workflow systems, web-based workflow systems, suite-based workflow systems, and others. The production workflow systems segment dominates the software segment with the highest share in 2020. It is due to the production workflow systems have been in the market for a longer period and offer a superior level of customization. Moreover, These systems can support different features as well as functions and can operate in a wide range of computing environments and networks, contribute to the growth of the production workflow systems segment.

Analysis by Service:
By service, the report is segmented into consulting, integration, and training & development. The consulting segment dominates the service segment with the highest share in 2020. It is due to the growing awareness of automation among business processes. Moreover, it helps in streamlining business processes, thus contributing to the growth of the consulting segment.

Analysis by Deployment:
By deployment, the report is segmented into cloud and on-premise. The Security applications segment dominates the deployment segment with the highest share in 2020. It is due to the growing awareness of automation among business processes. Customers are choosing cloud-based over on-premise deployment. Also, the cloud-based deployment empowers organizations to expand their businesses by offering workflow management system software to distributed enterprises spread across the world, thus stimulating market demand for security applications.

Analysis by Vertical:
By vertical, the report is segmented into BFSI, healthcare, retail, IT & Telecom, transportation, and others. The BFSI segment dominates the vertical segment with the highest share in 2020. It is due to the automating repetitive tasks such as data entry, compliance regulations, and assembly and formulation that enables enhancement in improving speed and efficiency. Also, implementation of these systems, the business processes is streamlined, thus stimulating market demand for security applications.

Analysis by Region:  
In the regional overview of the global Workflow management system market, the North America region dominates with the largest market share in 2020. It is due to the intensifying penetration of process management and automation solutions across the region. Also, augmented focus on digital transformation initiatives and a rise in IT investment are adding growth to the region. Moreover, the rising adoption of cloud technology across North America, mostly in the U.S. and Canada, contributes to the tremendous market growth across the North America region.

Market Segmentation covered in the Report:
By Component
  • Software
  • Services
 
By Software
  • Production Workflow Systems
  • Messaging-based Workflow Systems
  • Web-based Workflow Systems
  • Suite-based Workflow Systems
  • Others
 
By Service
  • Consulting
  • Integration
  • Training & Development
 
By Deployment
  • Cloud
  • On-Premise
 
By Vertical
  • BFSI
  • Healthcare
  • Retail
  • IT & Telecom
  • Transportation
  • Others
By Region
●       North America
●       Europe
●       Asia Pacific
●       Latin America
●       Middle East and Africa


METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . WORKFLOW MANAGEMENT SYSTEM – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Component
           3.7.2 By Software
           3.7.3 By Service
           3.7.4 By Deployment
           3.7.5 By Vertical
           3.7.6 By Region
 
4 . VALUE CHAIN ANALYSIS

       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS BY COMPONENT
       6.1 Overview by Component
       6.2 Historical and Forecast Data
       6.3 Analysis by Component
       6.4 Software Market by Regions
       6.5 Services Market by Regions
 
7 . GLOBAL WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS BY SOFTWARE
       7.1 Overview by Software
       7.2 Historical and Forecast Data
       7.3 Analysis by Software
       7.4 Production Workflow Systems Market by Regions
       7.5 Messaging-based Workflow Systems Market by Regions
       7.6 Web-based Workflow Systems Market by Regions
       7.7 Suite-based Workflow Systems Market by Regions
       7.8 Others Market by Regions
 
8 . GLOBAL WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS BY SERVICE
       8.1 Overview by Service
       8.2 Historical and Forecast Data
       8.3 Analysis by Service
       8.4 Consulting Market by Regions
       8.5 Integration Market by Regions
       8.6 Training & Development Market by Regions
 
9 . GLOBAL WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS BY DEPLOYMENT
       9.1 Overview by Deployment
       9.2 Historical and Forecast Data
       9.3 Analysis by Deployment
       9.4 Cloud Market by Regions
       9.5 On-Premise Market by Regions
       9.6 Fruits & vegetables Market by Regions
       9.7 Others Market by Regions
 
10 . GLOBAL WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS BY VERTICAL
       10.1 Overview by Vertical
       10.2 Historical and Forecast Data
       10.3 Analysis by Vertical
       10.4 BFSI Market by Regions
       10.5 Healthcare Market by Regions
       10.6 Retail Market by Regions
       10.7 IT & Telecom Market by Regions
       10.8 Transportation Market by Regions
       10.9 Others Market by Regions
 
11 . GLOBAL WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS BY GEOGRAPHY
       11.1. Regional Outlook
       11.2. Introduction
       11.3. North America
           11.3.1. Overview, Historic and Forecast Data 
           11.3.2. North America By Segment
           11.3.3. North America By Country
           11.3.4. United State
           11.3.5. Canada
           11.3.6. Mexico
       11.4. Europe
           11.4.1. Overview, Historic and Forecast Data 
           11.4.2. Europe by Segment
           11.4.3. Europe by Country
           11.4.4. United Kingdom
           11.4.5. France
           11.4.6. Germany
           11.4.7. Italy
           11.4.8. Russia
           11.4.9. Rest Of Europe
       11.5. Asia Pacific
           11.5.1. Overview, Historic and Forecast Data 
           11.5.2. Asia Pacific by Segment
           11.5.3. Asia Pacific by Country
           11.5.4. China
           11.5.5. India
           11.5.6. Japan
           11.5.7. South Korea
           11.5.8. Australia
           11.5.9. Rest Of Asia Pacific
       11.6. Latin America
           11.6.1. Overview, Historic and Forecast Data 
           11.6.2. Latin America by Segment
           11.6.3. Latin America by Country
           11.6.4. Brazil
           11.6.5. Argentina
           11.6.6. Peru
           11.6.7. Chile
           11.6.8. Rest of Latin America
       11.7. Middle East & Africa
           11.7.1. Overview, Historic and Forecast Data 
           11.7.2. Middle East & Africa by Segment
           11.7.3. Middle East & Africa by Country
           11.7.4. Saudi Arabia
           11.7.5. UAE
           11.7.6. Israel
           11.7.7. South Africa
           11.7.8. Rest Of Middle East And Africa
 
12 . COMPETITIVE LANDSCAPE OF THE WORKFLOW MANAGEMENT SYSTEM COMPANIES
       12.1. Workflow Management System Market Competition
       12.2. Partnership/Collaboration/Agreement
       12.3. Merger And Acquisitions
       12.4. New Product Launch
       12.5. Other Developments
 
13 . COMPANY PROFILES OF WORKFLOW MANAGEMENT SYSTEM INDUSTRY
       13.1. Company Share Analysis
       13.2. Market Concentration Rate
       13.3. Appian
           13.3.1. Company Overview
           13.3.2. Financials
           13.3.3. Products
           13.3.4. Recent Developments
       13.4. Newgen Software Technologies Limited
           13.4.1. Company Overview
           13.4.2. Financials
           13.4.3. Products
           13.4.4. Recent Developments
       13.5. Bizagi
           13.5.1. Company Overview
           13.5.2. Financials
           13.5.3. Products
           13.5.4. Recent Developments
       13.6. Oracle Corporation
           13.6.1. Company Overview
           13.6.2. Financials
           13.6.3. Products
           13.6.4. Recent Developments
       13.7. IBM Corporation
           13.7.1. Company Overview
           13.7.2. Financials
           13.7.3. Products
           13.7.4. Recent Developments
       13.8. Nintex Global Limited
           13.8.1. Company Overview
           13.8.2. Financials
           13.8.3. Products
           13.8.4. Recent Developments
       13.9. Software AG
           13.9.1. Company Overview
           13.9.2. Financials
           13.9.3. Products
           13.9.4. Recent Developments
       13.10. Pegasystems Inc.
           13.10.1. Company Overview
           13.10.2. Financials
           13.10.3. Products
           13.10.4. Recent Developments
       13.11. SourceCode Technology Xerox Corporation
           13.11.1. Company Overview
           13.11.2. Financials
           13.11.3. Products
           13.11.4. Recent Developments
       13.12. Holdings Inc.
           13.12.1. Company Overview
           13.12.2. Financials
           13.12.3. Products
           13.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Component (USD MN)
  •  Software Market by Geography (USD MN)
  •  Services Market by Geography (USD MN)
  •  Analysis Market by Software (USD MN)
  •  Production Workflow Systems Market by Geography (USD MN)
  •  Messaging-based Workflow Systems Market by Geography (USD MN)
  •  Web-based Workflow Systems Market by Geography (USD MN)
  •  Suite-based Workflow Systems Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis by Service (USD MN)
  •  Consulting Market by Geography (USD MN)
  •  Integration Market by Geography (USD MN)
  •  Training & Development Market by Geography (USD MN)
  •  Analysis by Deployment (USD MN)
  •  Cloud Market by Geography (USD MN)
  •  On-Premise Market by Geography (USD MN)
  •  Fruits & vegetables Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis by Vertical (USD MN)
  •  BFSI Market by Geography (USD MN)
  •  Healthcare Market by Geography (USD MN)
  •  Retail Market by Geography (USD MN)
  •  IT & Telecom Market by Geography (USD MN)
  •  Transportation Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Workflow Management System Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Workflow Management System Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Workflow Management System Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Component
  •  Market Attractiveness Analysis by Software
  •  Market Attractiveness Analysis by Service
  •  Market Attractiveness Analysis by Deployment
  •  Market Attractiveness Analysis by Vertical
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Component (USD MN)
  •  Software Market by Geography (USD MN)
  •  Services Market by Geography (USD MN)
  •  Global Market Analysis by Software (USD MN)
  •  Production Workflow Systems Market by Geography (USD MN)
  •  Messaging-based Workflow Systems Market by Geography (USD MN)
  •  Web-based Workflow Systems Market by Geography (USD MN)
  •  Suite-based Workflow Systems Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Service (USD MN)
  •  Consulting Market by Geography (USD MN)
  •  Integration Market by Geography (USD MN)
  •  Training & Development Market by Geography (USD MN)
  •  Global Market Analysis by Deployment (USD MN)
  •  Cloud Market by Geography (USD MN)
  •  On-Premise Market by Geography (USD MN)
  •  Fruits & vegetables Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Vertical (USD MN)
  •  BFSI Market by Geography (USD MN)
  •  Healthcare Market by Geography (USD MN)
  •  Retail Market by Geography (USD MN)
  •  IT & Telecom Market by Geography (USD MN)
  •  Transportation Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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