Forms Automation Software Market Scope
Form Automation can be defined as a tool that is used by many businesses to aid them in eliminating the wasteful tasks and tedious manual work occurring from the routinely processes such as applications, contracts, questionnaires, surveys, almost everything that could be printed to paper. Due to the quick search feature, searching for forms in a digital database is more instant and saves more time for the employees of an organization to focus on the necessary things. The formats that are used for the workflow automation are mainly based on optical character recognition (OCR), optical mark recognition (OMR), text, audio, video and other file formats. These formats are used to maintain than necessary records of business processes, thus eliminating the mundane business process and reducing human intervention.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Billion) |
Key Companies Profiled | PaperForm (Australia), JotForm (United States), Zoho Corporation (United States), FormStack (United States), ProntoForm (United States), OrangeScape Technologies (India), Forms On Fire(United States), Streebo (United States), Bitrix (United States) and SendX (United States) |
CAGR | 18.86% |
Expansions, investments, new service launches, and collaborations are among the companies' favored strategies for exploring the market. Players are expanding and acquiring businesses in new geographies around the world in order to get a competitive advantage through joint ventures. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Forms Automation Software market throughout the predicted period.
PaperForm (Australia), JotForm (United States), Zoho Corporation (United States), FormStack (United States), ProntoForm (United States), OrangeScape Technologies (India), Forms On Fire(United States), Streebo (United States), Bitrix (United States) and SendX (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Forms Automation Software market by Type and Region with country level break-up.
On the basis of geography, the market of Forms 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. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In May 2023, Bain & Company announced a strategic alliance with Ashling Partners,. Bain is also directly investing in Ashling to deepen its collaboration with a key partner in Bain's Vector℠ digital practices. Ashling is backed by THL, a premier private equity firm investing in middle-market growth companies.
In September 2023, Survey platform SurveyMonkey launched of SurveyMonkey Forms. The solution will allow users to create web forms using pre-built templates, customizable fields and third-party integrations as well as workflow automation to increase the efficiency of form development.
Influencing Trend:
The Growing Demand for Cloud Based Solutions and High Adoption from SMEs
Market Growth Drivers:
The Increasing Demand for Subscription Based Softwares and Rising Adoption of Automation in the Industry
Challenges:
The Growing Concern of Data Privacy
Restraints:
Technological Complexity Associated with Forms Automation Software
Opportunities:
High Demand from Developing Countries and Technological Advancements associated with Form Filling Automation
Key Target Audience
Software Developers, Software Providers, Government Regulatory Bodies, Government Research Organisation, Private research organisation and Others