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Workflow Automation Market, (By System: Services, Software. By Software Type: Production Workflow System, Messaging-Based Workflow System, Suite-Based Workflow Systems. By Deployment: Cloud, On-Premises. By Processes: Automated Solution, Interaction Solution, Decision Support, Management Solution. By End-User: Manufacturing, Healthcare and Pharmaceuticals, Banking, Telecom and IT, Retail. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

Published Date : April 2022 | Report Id : AUT 004 | Format : PDF,PPT | Slides : 220
Report Type : Syndicate Report

The global workflow automation market was valued at $10.7 billion in 2021 and it is expected to reach $80.9 billion at a CAGR of 19.1% between 2022 and 2032. The increasing demand for the adoption of business process automation, improving productivity, efficiency, and customer experiences are driving the global workflow automation market.    

By region, North America is estimated to account for the largest share of the workflow automation market during the forecast period.  

A workflow automation solution is a kind of robotic process automation that can replace repetitive and predefined human tasks with better workflow and efficiency. In businesses, it helps in reducing time and overcoming high expenses without a chance of human error. Furthermore, it provides streamlined communication and empowers employees for managing their own time resulting in more workplace efficiencies. Thus, the workflow automation market is expected to hold the largest share over the upcoming years by providing a structured data format that helps to manage the work process of the business. The market has been categorized into system, software type, deployment, processes, end-user, and regions. Moreover, the demand for efficient operation solutions is growing gradually, and increasing the sophistication of solutions and services, is also anticipated to drive the market growth.

Workflow Automation Market

Source: SAI Research

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Based on system, the market is segmented into software and services. The software segment held the largest market share in the last couple of years due to the rising demand for workflow automated software solutions in structured data format across several organizations. Based on software categories, the production workflow system is expected to propel significant market growth in upcoming years. Based on the deployment category, the market is segmented into cloud and on-premises. The cloud segment is estimated to be the fastest-growing market during the forecast period from 2022 to 2032 as the preference for cloud deployment is growing because it offers flexibility, and real-time software updates, and more. Based on end-user, the IT and Telecom segment is anticipated to be the fastest-growing market due to its management systems can potentially make the traditional IT and Telecom system extensible. Along with this, the retail industry is also expected to witness significant growth during the forecast period.

Based on regions, the global workflow automation market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East Country. Among these regions, North America is expected to be the fastest-growing market followed by Asia-Pacific due to the increasing demand for automation solutions among various customers across the globe. Banking sectors are adopting workflow automation software because it helps in works such as data entry, registrations, and gathering customer information from various systems. Therefore, industries from various regions are focusing on the adoption of artificial intelligence and advanced technology solutions to provide competitive advantages for their customers, which is further estimated to witness a significant growth through the upcoming years.      

According to the study, key players such as IBM Technology Company (U.S), Oracle Corporation Computer Software Company (U.S), PegaSystem Software Company (U.S), Xerox Corporation (U.S), Appian Cloud Computing Company (U.S), Bizagi Software Company (U.S), IPsoft Inc Company (U.S), Newgen Software Company (India), Nintex Topoco Limited Company (U.K), Vision Software S.A (South Africa), ABB Automation Company (Switzerland), Siemens Automation Company (Germany), Schneider Electric Company (France), General Electric Multinational Conglomerate Company (U.S), Mitsubishi Electronic Company (Japan), Rockwell Automation Company (U.S), Emerson Electric Manufacturing Company (U.S), Honeywell Multinational Conglomerate Company (U.S), Eaton Corporation Company (U.S), Nice System Limited Software Company (Israel), Automation Anywhere Software Company (U.S), UiPath Software Company (Romania), Blue Prism Software Company (U.S), Thoma Bravo Private Equity Company (U.S), Microsoft Corporation Technology Company (U.S), Celaton Limited Software Company (U.K), Redwood Software Company (Netherlands), Verint Systems Software Company (U.S), among others are leading the global workflow automation market.

Scope of the Report:

Report Coverage

Details

Base Year:

2021

Market Size in 2021:

US$ 10.7 Billion

Historical Data for:

2019, 2020 and 2021

Forecast Period:

2022 to 2032

Forecast Period 2022 to 2032 CAGR:

19.1%

2032 Value Projection:

US$ 80.9 Billion

Segments covered:

By System:   Services, Software

By Software Type: Production Workflow System,Messaging-Based Workflow System, Suite-Based Workflow Systems

By Deployment: Cloud, On-Premises

By Processes: Automated Solution, Interaction Solution, Decision Support, Management Solution

By End-User: Manufacturing, Healthcare and Pharmaceuticals, Banking, Telecom and IT,Retail

Geographies covered:

North America - U.S, Canada, Mexico

Europe - Germany, France, Italy, U.K, Russia, Rest of Europe Countries

Asia-Pacific -India, China, Japan, South Korea, North Korea, Rest of Asian Countries

LAMEA - Brazil, Saudi Arabia, Rest of LAMEA

Companies covered:

IBM Technology Company (U.S), Oracle Corporation Computer Software Company (U.S), PegaSystem Software Company (U.S), Xerox Corporation (U.S), Appian Cloud Computing Company (U.S), Bizagi Software Company (U.S), IPsoft Inc Company (U.S), Newgen Software Company (India), Nintex Topoco Limited Company (U.K), Vision Software S.A (South Africa), ABB Automation Company (Switzerland), Siemens Automation Company (Germany), Schneider Electric Company (France), General Electric Multinational Conglomerate Company (U.S), Mitsubishi Electronic Company (Japan), Rockwell Automation Company (U.S), Emerson Electric Manufacturing Company (U.S), Honeywell Multinational Conglomerate Company (U.S), Eaton Corporation Company (U.S), Nice System Limited Software Company (Israel), Automation Anywhere Software Company (U.S), UiPath Software Company (Romania), Blue Prism Software Company (U.S), Thoma Bravo Private Equity Company (U.S), Microsoft Corporation Technology Company (U.S), Celaton Limited Software Company (U.K), Redwood Software Company (Netherlands), Verint Systems Software Company (U.S), among others

The Global Workflow Automation Market Has Been Segmented Into:

The Global Workflow Automation Market – by System:  

  • Services
  • Software

The Global Workflow Automation Market – by Software Type:

  • Production Workflow System
  • Messaging-Based Workflow System
  • Suite-Based Workflow Systems

The Global Workflow Automation Market – by Deployment:

  • Cloud
  • On-Premises

The Global Workflow Automation Market – by Processes:

  • Automated Solution
  • Interaction Solution
  • Decision Support
  • Management Solution

The Global Workflow Automation Market – by End-User:

  • Manufacturing
  • Healthcare and Pharmaceuticals
  • Banking
  • Telecom and IT
  • Retail

The Global Workflow Automation Market – by Regions:     

North America 

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe Countries

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

LAMEA

  • Brazil
  • Saudi Arabia
  • Rest of LAME
Note: This table of contents is a content of a published report. As per client requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of paid customization. Please place your queries on sales@sheeranalyticsandinsights.com or query@sheeranalyticsandinsights.com

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