Business workflow automation leads to the faster decision making, helps in effectively managing work, increasing production capacity, and also helps in enhancing internal communication. Businesses are adopting workflow automation solutions on a large scale. Hence, companies providing workflow automation software and tools are also adding features that can help in optimizing various processes throughout departments. Key players are also providing software that can integrate with third-party applications and databases.
As per the latest study by Fact.MR, the global market for business workflow automation is likely to experience strong growth. By 2026 end, the global market for business workflow automation is projected to bring in US$ 5,247.2 million revenue.
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Technology-Based Solution to Emerge as the Largest Deployment Type
Compared to various solutions, the technology-based solution is likely to emerge as the largest deployment type between 2017 and 2026. By 2026 end, technology-based solution is projected to surpass US$ 2,100 million revenue. Increasing number of businesses have moved to cloud computing, hence companies are increasingly relying on technology-based solutions to strengthen business process and offer better products and services.
Healthcare & Pharmaceuticals Industry to Account for Maximum Revenue Share
The healthcare & pharmaceuticals industry is likely to witness the fastest growth in the market through 2026. Healthcare & pharmaceuticals industry is projected to account for more than US$ 900 million revenue by 2026 end. Owing to the better control, improved efficiency, and reduced risk, the healthcare & pharmaceuticals industry are increasingly adopting workflow automation. Hence, companies are also building business workflow automation solution that specifically caters to the healthcare & pharmaceuticals industry.
On-Premise to Emerge as the Largest Platform type
On-premise is likely to witness healthy growth as compared to the cloud-based platform between 2017 and 2026. By 2026 end, on-premise platform is projected to reach close to US$ 3,900 million revenue. An on-premise platform has low cost of ownership as compared to the cloud-based platform. Moreover, on-premise platform does not rely on internet connectivity to access the software. However, on-premise platform takes longer implementation time.
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The report also profiles companies that are expected to remain active in the expansion of global business workflow automation market through 2026, which include Tibco Software, HCL Technologies, SAS Institute, SAP SE, Nintex Limited, Newgen Software Technologies Limited, IPSoft Inc., Vision Software SA, Appian, Software AG, PegaSystems Inc., Oracle Corporation, IBM Corporation, Kyocera, Canon, Ricoh, HP Inc., Lexmark, OpenText Corporation, and Xerox Corporation.
Table of Contents
1. Global Economic Outlook
2. Global Business Workflow Automation Market – Executive Summary
3. Global Business Workflow Automation Market Overview
3.1.1. Global Business Workflow Automation Market Taxonomy
3.1.2. Global Business Workflow Automation Market Definition
3.2. Global Business Workflow Automation Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Business Workflow Automation Market Y-o-Y Growth
3.3. Global Business Workflow Automation Market Dynamics
3.4. Forecast Factors
3.5. Key Participants Market Presence (Intensity Map) By Region
3.6. Key Solutions- Features Mapping
3.7. Top Vendor Offerings
3.8. Evolution of Workflow Automation Solution & BPM Solution
3.9. PESTLE Analysis
3.10. Region wise PLC Mapping
4. Global Business Workflow Automation Market Analysis and Forecast 2012-2026
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