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PUBLISHER: IMARC | PRODUCT CODE: 1378887
PUBLISHER: IMARC | PRODUCT CODE: 1378887
Workflow Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 139 Pages
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Abstract
The global workflow management system market size reached US$ 9.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2022-2028.
Workforce management (WFM) refers to a collection of tools and processes that enables an organization to monitor and centralize the data for their human resource utilization. It includes various performance-based software and tools to enhance the efficiencies of front-line supervisors, corporate management, managers and workers across the organization. It can perform multiple functions, such as workforce forecast and scheduling, HR management and workforce analysis. It can also create customized workflows that enhance overall productivity and make decision-making more efficient. Owing to this, it finds extensive applications across various industries, including banking, financial services, and insurance (BFSI), healthcare, transportation and logistics, energy, retail and information technology (IT) and telecom.
The growing need for automation across industries, along with the increasing adoption of cloud-based solutions, represents one of the key factors driving the growth of the market. With an increasing focus on workforce optimization, organizations are extensively employing WFM solutions to manage time and avoid duplication of tasks. Furthermore, cloud-based solutions minimize the requirements for physical hardware, which is also boosting the adoption of these solutions in organizations. The platform also reduces the overall operational costs and enhances the scalability of the infrastructure by providing access to various endpoints. Additionally, increasing penetration of smartphones, along with the prevailing trend of Bring-Your-Own-Devices (BYOD), is also creating a positive impact on the market growth. With the deployment of WFM solutions, the employer can track the progress on tasks at any point of time while providing the employees with secure access to official files. Other factors, including rapid urbanization, especially in developing economies, rising awareness about the benefits of WFM, and extensive research and development (R&D) activities in the field of IT, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global workflow management system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type and vertical.
Breakup by Component:
Software
Services
Breakup by Deployment Type:
Cloud-Based
On-Premises
Breakup by Vertical:
BFSI
Healthcare
Energy
Retail
IT and Telecom
Transportation and Logistics
Education
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Appian Corporation Inc., Bizagi Group Limited, IBM Corporation, Newgen Software Technologies Ltd, Nintex Global Ltd., Oracle Corporation, Pegasystems Inc., Software AG, and Xerox Holdings Corporation.
Key Questions Answered in This Report
- 1. What was the size of the global workflow management system market in 2022?
- 2. What is the expected growth rate of the global workflow management system market during 2023-2028?
- 3. What are the key factors driving the global workflow management system market?
- 4. What has been the impact of COVID-19 on the global workflow management system market?
- 5. What is the breakup of the global workflow management system market based on the component?
- 6. What is the breakup of the global workflow management system market based on the deployment type?
- 7. What is the breakup of the global workflow management system market based on vertical?
- 8. What are the key regions in the global workflow management system market?
- 9. Who are the key players/companies in the global workflow management system market?
Product Code: SR112023A3134
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Workflow Management System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Deployment Type
- 7.1 Cloud-Based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 On-Premises
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Vertical
- 8.1 BFSI
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Healthcare
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Energy
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Retail
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 IT and Telecom
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Transportation and Logistics
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Education
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Others
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Appian Corporation Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Bizagi Group Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 IBM Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Newgen Software Technologies Ltd
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Nintex Global Ltd
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Oracle Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Pegasystems Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Software AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Xerox Holdings Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.1 Appian Corporation Inc.
Product Code: SR112023A3134
List of Figures
- Figure 1: Global: Workflow Management System Market: Major Drivers and Challenges
- Figure 2: Global: Workflow Management System Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Workflow Management System Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Workflow Management System Market: Breakup by Component (in %), 2022
- Figure 5: Global: Workflow Management System Market: Breakup by Deployment Type (in %), 2022
- Figure 6: Global: Workflow Management System Market: Breakup by Vertical (in %), 2022
- Figure 7: Global: Workflow Management System Market: Breakup by Region (in %), 2022
- Figure 8: Global: Workflow Management System (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Workflow Management System (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Workflow Management System (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Workflow Management System (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Workflow Management System (Cloud-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Workflow Management System (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Workflow Management System (On-Premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Workflow Management System (On-Premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Workflow Management System (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Workflow Management System (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Workflow Management System (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Workflow Management System (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Workflow Management System (Energy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Workflow Management System (Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Workflow Management System (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Workflow Management System (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Workflow Management System (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Workflow Management System (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Workflow Management System (Transportation and Logistics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Workflow Management System (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Workflow Management System (Education) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Workflow Management System (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Workflow Management System (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Workflow Management System (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Workflow Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Workflow Management System Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Workflow Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Workflow Management System Industry: SWOT Analysis
- Figure 82: Global: Workflow Management System Industry: Value Chain Analysis
- Figure 83: Global: Workflow Management System Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Workflow Management System Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Workflow Management System Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Workflow Management System Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
- Table 4: Global: Workflow Management System Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
- Table 5: Global: Workflow Management System Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Workflow Management System Market: Competitive Structure
- Table 7: Global: Workflow Management System Market: Key Players
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