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 business workflow automation market 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.
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.
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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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Small & Medium Enterprise to Gain Maximum Traction
Compared to the large enterprise, small & medium enterprise are likely to gain maximum traction in the global market for business workflow automation.
Small & medium enterprise are projected to bring in close to US$ 2,700 million revenue by 2026 end. In order to strengthen product development, marketing and business processes, small & medium enterprise are moving towards business workflow automation.
Also, implementation of business workflow automation in sectors such as finance and accounting, and supply chain management are underway.
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
- HP Inc.
- OpenText Corporation
- Xerox Corporation.
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Business Workflow Automation Market Scope Of The Report
Workflow automation and optimization solutions form an important part of business process management and helps in streamlining and optimization of business workflow.
Offering various advantages such as documented information, easy scheduling, no loss of data, easy dealing with large volumes of paper, business workflow automation is being adopted across businesses.
Companies providing software solution for workflow automation are also integrating advanced features that are easy-to-use and saves time and money.
This report, compiled by Fact.MR, provides in-depth analysis of the global business workflow automation market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
The scope of the Fact.MR’s report is to analyze the global business workflow automation market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers.
Business workflow automation suppliers, stakeholders and manufacturers in the global information and communication technology industry can benefit from the analysis offered in this report.
Comprehensive analysis regarding the impact of technological advancements such as cloud computing, internet of things (IoT), big data and artificial intelligence is detailed in this report.
The comprehensive study throws light on various trends, dynamics and restrains shaping future of the market, which can serve as a platform of further study, interest and understanding for the leading industries, journals and trade magazines pertaining to global business workflow automation market.
The report commences with introducing the current market scenario for intrusion detection & protection system.
The executive summary section of the report offers insights to users regarding the future scope of the global business workflow automation market.
Brief information on the crucial aspects, statistics and facts on the global business workflow automation keyword market is highlighted in this section.
The next section offers an overview of the global business workflow automation market. This section includes definition of the product – intrusion detection & protection system, along with insights on dynamics contributing towards growth of the market.
The overview also throws light on year-on-year growth and market value defining the future progress and decline of the global intrusion detection & protection system.
Statistics on the year-on-year growth provides readers with a broader view on expected progress patterns reshaping growth over the forecast period.
In the succeeding section, the report offers insights on major trends, retrains and drivers from demand, supply and macro-economic perspectives. The report also focuses on impact analysis of key drivers and restraints that offers better decision-making insights to clients.
The report further provides the readers with information on the leading technology and advancements traced in the global business workflow automation market.
Up-to-date information and latest advancements regarding growth opportunities can benefit the leading manufacturers of intrusion detection & protection system.
With continuous evolution and advancements in technology, tracking the latest trends and developments is fundamental for business workflow automation manufacturers to formulate key business strategies.
Detailed insights regarding the supply chain, list of distributors, raw material sourcing, cost structure, and pricing analysis are provided in this section.
Considering the broad scope of the global business workflow automation market the report by Fact.MR offers key insights, segment-wise analysis, and forecast.
The global business workflow automation market is segmented on the basis of deployment type, industry, platform type, organization type, and region. The segment-wise analysis also includes country-wise forecast on all the key parameters of the global business workflow automation market.
In the last section, the report provides information regarding the competitive landscape, along with a dashboard view of the market players and company analysis.
This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global business workflow automation market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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