Workflow Automation Market Is Expected to Witness Incredible Growth Rate 23.4% by 2022-2030

Workflow Automation Market
Workflow Automation Market

The Global Workflow Automation Market accounted for US$ 12,161 Mn in 2021 and is estimated to reach US$ 78,811 Mn by 2030, with a significant CAGR of 23.4% from 2022 to 2030.

Workflow automation is thepractice of automating a collection of manual processes or tasks based on a set of pre-defined criteria or conditions. Workflow automation aids organizations in conserving resources and time, as well as reducing the risk of human error.

Workflow Automation market research report has been produced by including highly developed insight and analysis which furnishes maximum benefits to the industry. The report makes available an attentive overview of product specification, technology, product type and production analysis taking into account major factors such as revenue, cost, and gross margin. The data in this business report have been represented in the graphical format for an explicit understanding of facts and figures. A wide ranging Workflow Automation market report also explains the key developments in the industry with respect to current scenario and the future advancements.

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An international Workflow Automation market report comprises of an all-inclusive market data that makes it easy for the industry to take strategic decisions and attain growth objectives. The report is very valuable for industry to reveal the best market opportunities and look after important information to reach towards the success. The report also deals with the factors like growth opportunity assessment (GOA), customer insights (CI), competitive business intelligence (CBI), and distribution channel assessment (DCA). Workflow Automation report endows with intelligent solutions to the versatile business challenges and instigates an unproblematic decision-making process.

The increasing inclination of organizations to transform their business into automation is the leading aspect that drives the growth of the global workflow automation market. According to research, business automation can save 60% of employees 30% of their time. By automating workflow, an organization can effectively create a single person who is in charge of every aspect of the process. One person is assigned to each phase of the process to carry out a specified task. By doing so, the business will be establishing a system of responsibility in which everyone knows what responsibilities they’re in charge of. This also displays which jobs take the longest to perform and where the process appears to be stalled the most.

Market Segmentation

The global workflow automation market is segmented based onoffering, process, deployment model, organization size, operation, industrial vertical, and geography.

Market by Offering

  • Software
  • Services

Market by Process

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

Market by Deployment Model

  • On-Premise
  • Cloud

Market by Organization Size

  • Large Enterprises
  • SMEs

Market by Operation

  • Rule-Based
  • Knowledge-Based
  • Robotic Process Automation-Based

Market by Industry Vertical

  • IT& Telecom
  • Retail & Consumer Goods
  • BFSI
  • Energy & Utilities
  • Healthcare & Pharmaceuticals
  • Manufacturing & Logistics
  • Travel, Hospitality, & Transportation
  • Others

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Workflow Automation Market Regional Overview

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

The Middle East & Africa

  • GCC
  • South Africa
  • Rest of the Middle East & Africa

Competitive Landscape

Some of the top vendors offered in the professional report include Appian Corporation, Bizagi, IBM Corporation, Oracle Corporation, Pegasystems Inc., Software AG, Xerox Corporation, Ipsoft Inc., Newgen Software Technologies Limited, and Nintex Global Limited.


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FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

– Political (Political policy and stability as well as trade, fiscal, and taxation policies)

– Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

– Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

– Technological (Changes in digital or mobile technology, automation, research, and development)

– Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

– Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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