Market Highlights: Workflow Software refers to automated software used to automate business processes such as administrative, industrial, or other processes. It helps in the managing, collaborating, and automating one or more business processes which facilitate an increase in productivity. The growing culture of flexible working hours and work from home led to a rise in demand mobile workflow management system. Market players are focusing on technological developments such as the integration of mobile devices and cloud-based technology for workflow management software. For instance, Connected Technology Solutions launched workflow automation software integrated with document and resources management, real-time data updates, payment collection, and API integration. Further, increasing demand for workflow software from small and medium enterprises expected to drive the demand for workflow software over the forecasted period. The market study is being classified and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Workflow Software are Microsoft (United States), Pegasystems Inc. (United States), Software AG (Germany), Hewlett-Packard (United States), IBM Corporation (United States), Dell EMC (United States), Oracle Corporation (United States), Xerox Corporation (United States), Sourcecode Technology Holdings, Inc. (United States), Nintex Global Limited (United States), Bizagi (United Kingdom), Blue Dot Solutions (United States) and Newgen Software Technologies Limited (India).
The Industry Vertical, such as Banking, Financial Services, and Insurance, is boosting the Workflow Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Service, such as IT Consulting, is boosting the Workflow Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment, such as Cloud, is boosting the Workflow Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Software, such as Production Workflow Systems, is boosting the Workflow Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights 15th March 2019, Omnitracs engaged in fleet management solutions acquire Blue Dot Solutions, a provider of cloud-based workflow software to the transportation industry. 5th April 2019, Xante Corporation launched iQueue, its flagship Adobe PostScript PDF workflow software.
Key Questions Answered in the Report What will the Workflow Software Market size and the growth rate be in Future? What are the key factors driving the Workflow Software Market? What are the key market trends and macro-economic impacting the growth of the Workflow Software Market? What are the challenges to market growth? Who are the key vendors in the Workflow Software Market? What are the market opportunities and threats faced by the vendors in the Workflow Software Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Workflow Software Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Workflow Software market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Workflow Software market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Production Workflow Systems, Messaging-Based Workflow Systems, Web-Based Workflow Systems, Suite-Based Workflow Systems, Technology Distributors, Potential Investors, Market Research Firms, Government Organizations, Research Organizations and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.