The global workflow automation market size is expected to reach USD 80.9 Billion at a steady revenue CAGR of 23.5% in 2030, according to latest analysis by Emergen Research. Ease in business processes with installation of workflow automation tools is a major factor driving emergen workflow automation market revenue growth. Workflow automation simplifies business operations, saves time, and allows staff to concentrate on more creative aspects of their work, while the software handles more mundane but important tasks. Workflow automation not only speeds up tasks, but it also minimizes number of errors made. When work is mechanized, it eliminates possibility of human error. Another advantage of workflow automation is that one can scale their business more quickly if they save time and have fewer mistakes. Workflow automation can help a small business to compete more effectively, especially when competing against larger corporations. Workflow automation enables organizations to work more efficiently, close leads more quickly, and free up time spent on administrative tasks so they can better serve their customers.
The report sheds light on details about every market player in the global Workflow Automation Market along with its global status, product portfolio financial standing, and business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Workflow Automation market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
IBM Corporation, Oracle, Pegasystems Inc., Software AG, Xerox Corporation, Appian, Bizagi, Amelia US LLC., Newgen Software Technologies Limited, and Nintex UK Ltd
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Emergen Research has segmented the global Workflow Automation market on the basis of type, application, end-use, and region:
-
Process Outlook (Revenue, USD Million; 2019–2030)
- Automated Solution
- Decision Support and Management Solution
- Interaction Solution
-
Organization Size Outlook (Revenue, USD Million; 2019–2030)
- Large Enterprises
- SMEs
-
Industry Outlook (Revenue, USD Million; 2019–2030)
- Banking, Financial Services, & Insurance
- Telecom & IT Industry
- Travel, Hospitality, & Transportation Industry
- Retail & Consumer Goods
- Manufacturing & Logistics Industry
- Healthcare & Pharmaceuticals
- Energy & Utilities
- Other Industries
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Workflow Automation Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Workflow Automation Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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