Global workflow management system market expected to reach USD 22.1 billion by 2025, at a CAGR of 22.9% between 2019 and 2025. The increasing use of technology in the BFSI sector is likely to drive the workflow management system market over the forecast time period.
This report analyzes and forecasts the workflow management system market on a global and regional level. The study offers historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of workflow management system market dynamics gives a brief insight into the drivers and restraints for the workflow management system market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the workflow management system market on a global level.
The report gives a transparent view of the workflow management system market. We have included a detailed competitive scenario and portfolio of leading vendors operating in the workflow management system market. To understand the competitive landscape in the workflow management system market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a crucial view of the workflow management system by segmenting the market based on deployment, component, end-use industry, and region. All the segments of the workflow management system market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. By deployment, the global workflow management system market is bifurcated into on-premises and cloud. Software and services comprise the component segment of the global workflow management system market. The end-use industry segment includes retail, BFSI, IT and telecom, healthcare, government sector, transportation, manufacturing, and others. The regional segment of the workflow management system market includes the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America and Europe with further division into the U.S., Canada, Mexico, UK, France, Germany, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Argentina, UAE, Saudi Arabia, and South Africa.
Some key players of the global workflow management system market are Xerox Corporation, Oracle Corporation, Software AG, Pegasystems Inc., IBM Corporation, Nintex Global Limited, Source code Technology Holdings, Inc., Appian, Bizagi, and Newgen Software Technologies Limited, among others.
This report segments the global workflow management system market into:
Global Workflow Management System Market: Deployment Analysis
Global Workflow Management System Market: Component Analysis
Global Workflow Management System Market: End-Use Industry Analysis
Global Workflow Management System Market: Regional Analysis
List of Figures
1. Global Workflow Management System Market Segmentation by Deployment, Component, End-Use Industry, and Geography
2. Global Workflow Management System Market, 2018-2025 (USD Billion)
3. Porter’s Five Forces Analysis
4. Global Workflow Management System Market Attractiveness, by Deployment
5. Global Workflow Management System Market Attractiveness, by Component
6. Global Workflow Management System Market Attractiveness, by End-Use Industry
7. Global Workflow Management System Market Attractiveness, by Region
8. Global Workflow Management System Market Revenue Share, by Deployment, 2018 and 2025 (USD Billion)
9. Global Workflow Management System Market by On-Premises, 2016–2025 (USD Billion)
10. Global Workflow Management System Market by Cloud, 2016–2025 (USD Billion)
11. Global Workflow Management System Market Revenue Share, by Component, 2018 and 2025 (USD Billion)
12. Global Workflow Management System Market by Software, 2016–2025 (USD Billion)
13. Global Workflow Management System Market by Services, 2016–2025 (USD Billion)
14. Global Workflow Management System Market Revenue Share, by End-Use Industry, 2018 and 2025 (USD Billion)
15. Global Workflow Management System Market by Retail, 2016–2025 (USD Billion)
16. Global Workflow Management System Market by BFSI, 2016–2025 (USD Billion)
17. Global Workflow Management System Market by IT & Telecom, 2016–2025 (USD Billion)
18. Global Workflow Management System Market by Healthcare, 2016–2025 (USD Billion)
19. Global Workflow Management System Market by Government Sector, 2016–2025 (USD Billion)
20. Global Workflow Management System Market by Transportation, 2016–2025 (USD Billion)
21. Global Workflow Management System Market by Manufacturing, 2016–2025 (USD Billion)
22. Global Workflow Management System Market by Others, 2016–2025 (USD Billion)
23. Global Workflow Management System Market Revenue Share, by Region, 2018-2025(USD Billion)
24. North America Workflow Management System Market, 2016-2025 (USD Billion)
25. Europe Workflow Management System market, 2016-2025 (USD Billion)
26. Asia Pacific Workflow Management System Market, 2016-2025(USD Billion)
27. Latin America Workflow Management System Market, 2016–2025 (USD Billion)
28. The Middle East and Africa Workflow Management System Market, 2016 – 2025,(USD Billion)
List of Tables
1. Global Workflow Management System market snapshot
2. Drivers for Workflow Management System market: Impact analysis
3. Restraints of Workflow Management System market: Impact analysis
4. North America Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
5. North America Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
6. North America Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
7. The U.S. Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
8. The U.S. Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
9. The U.S. Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
10. Canada Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
11. Canada Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
12. Canada Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
13. Mexico Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
14. Mexico Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
15. Mexico Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
16. Europe Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
17. Europe Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
18. Europe Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
19. UK Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
20. UK Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
21. UK Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
22. France Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
23. France Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
24. France Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
25. Germany Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
26. Germany Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
27. Germany Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
28. Italy Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
29. Italy Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
30. Italy Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
31. Spain Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
32. Spain Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
33. Spain Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
34. Rest of Europe Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
35. Rest of Europe Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
36. Rest of Europe Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
37. Asia Pacific Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
38. Asia Pacific Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
39. Asia Pacific Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
40. China Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
41. China Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
42. China Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
43. Japan Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
44. Japan Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
45. Japan Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
46. India Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
47. India Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
48. India Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
49. Australia Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
50. Australia Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
51. Australia Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
52. South Korea Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
53. South Korea Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
54. South Korea Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
55. Rest of Asia Pacific Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
56. Rest of Asia Pacific Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
57. Rest of Asia Pacific Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
58. Latin America Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
59. Latin America Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
60. Latin America Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
61. Brazil Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
62. Brazil Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
63. Brazil Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
64. Argentina Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
65. Argentina Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
66. Argentina Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
67. Rest of Latin America Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
68. Rest of Latin America Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
69. Rest of Latin America Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
70. The Middle East and Africa Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
71. The Middle East and Africa Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
72. The Middle East and Africa Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
73. UAE Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
74. UAE Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
75. UAE Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
76. Saudi Arabia Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
77. Saudi Arabia Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
78. Saudi Arabia Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
79. South Africa Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
80. South Africa Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
81. South Africa Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
82. Rest of MEA Workflow Management System Market Revenue, By Deployment, 2016–2025 (USD Billion)
83. Rest of MEA Workflow Management System Market Revenue, By Component, 2016–2025 (USD Billion)
84. Rest of MEA Workflow Management System Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
The increasing online shopping has led the retailers to opt for solutions that streamline their delivery processes. In 2017, e-commerce sales across the globe were valued USD 2,304 billion in comparison to USD 1,845 billion in 2016. This number is projected to rise in the future, owing to the growing trend of mobile shopping. Furthermore, the acceptance of artificial intelligence (AI) by various retailers is likely to further pave the way for the workflow management system market globally over the estimated timeframe. The integration of AI with workflow systems offers numerous benefits to the retailers, such as cost reduction, repetitive task elimination, risk analysis, and maintaining schedule and budget. Amazon is one of the major e-commerce retailers to adopt the workflow management system technology. The company has integrated AI in numerous business processes. This, in turn, is anticipated to further drive the workflow management system market in the future.
The demand for workflow management systems is anticipated to rise, owing to the increasing use of technology in the transportation sector. Workflow management systems help organizations in this industry to reduce costs, automate routing, and track delivery. Rising investments made in this sector is also projected to fuel the workflow management system market growth. In 2018, the U.S. Department of transportation made investments of about USD 64 billion. Furthermore, free trade agreements between North America and the European Union will result in increased trade between various countries of both regions.
The global workflow management system market is divided on the basis of deployment, component, and end-use industry. By deployment, the global workflow management system market is bifurcated into on-premises and cloud. Software and services comprise the component segment of the global workflow management system market. The end-use industry segment includes retail, BFSI, IT and telecom, healthcare, government sector, transportation, manufacturing, and others. The government sector is anticipated to grow notably in the future, owing to the increasing adoption of technology to simplify services offered by government various departments.
By region, the Asia Pacific region is anticipated to hold a substantial share of the global workflow management system market in the future. China and India are considered to have a huge product demand for workflow management system solutions in this region, owing to economic development and adoption of technology in numerous business sectors. Latin America is likely to witness significant growth in the workflow management system market over the estimated timeframe, owing to the lucrative investments made for technological advancements in Brazil and Argentina.
Some key players of the global workflow management system market are Xerox Corporation, Oracle Corporation, Software AG, Pegasystems Inc., IBM Corporation, Nintex Global Limited, Source code Technology Holdings, Inc., Appian, Bizagi, and Newgen Software Technologies Limited, among others.
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