About Enterprise Workflow Automation Software
Enterprise workflow automation package allows the planning, execution, and automation of processes supported workflow rules wherever human tasks, data, or files between folks or systems are supported by a pre-defined organization code. This improves productivity, efficiency, and client expertise. money establishments, retail enterprises, and plenty of alternative industries are eliminating manual operational work and shifting the workflow to package. Enterprise workflow automation package eliminates manual work and reduces labor price.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.7% |
Enterprise Workflow Automation Software is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Enterprise Workflow Automation Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Oracle Corporation (United States), Pegasystems Inc. (United States), Software AG (Germany), Xerox Corporation (United States), Appian Corporation (United States), Bizagi (United Kingdom), Ipsoft Inc. (United States), Newgen Software Technologies Limited (India) and Nintex Global Limited (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Integrify (United States), Cflow (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Enterprise Workflow Automation Software market by and Region.
On the basis of geography, the market of Enterprise Workflow Automation Software has been segmented into 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). North America region held largest market share in the year 2023. If we see Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the Enterprise Workflow Automation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BSFI will boost the Enterprise Workflow Automation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Enterprise Workflow Automation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Software will boost the Enterprise Workflow Automation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Advanced Technologies like Artificial Intelligence and Internet of Things
Market Growth Drivers:
Rising Demand for the Workflow Automation in Different Sectors for Elimination of Manual Labour and Employing Efficient Modus Operandi
Challenges:
Poor Awareness Related to Enterprise Workflow Automation Software
Restraints:
Rising Concerns for Data Security in The Financial Sector and Issues regarding Interoperability of Older Systems and New Technologies
Opportunities:
Increasing Demand for Workflow Automation in Logistics and Supply Chain and Increasing Penetration of Smart Devices in Enterprise Work Procedure
Market Leaders and their expansionary development strategies
In 2021, DocuPhase LLC, a Florida-based low-code/no-code accounts payable (AP) and business process automation software company serving enterprise organizations, acquired Treeno Software, a Document Management and Workflow Automation software. This acquisition will complement the product portfolio of DocuPhase LLC in Software for Workflow automation and will cater to the high digitization of business processes.
In 2021, Appian launched a new version of its low-code automation platform for businesses looking to develop quick applications. It helps businesses in digital process automation (DPA), intelligent business process management systems (iBMS), and dynamic case management (DCM) to deploy AI-powered applications and smooth workflow automation.
Key Target Audience
Enterprise Workflow Automation Software Provider, Software Developer, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.