Workflow Management System (WMS) Market 2019 Global Analysis by Industry Scope, Stake, Size, Industry Share, Competitive Landscape and Trends by Forecast to 2022

“Workflow Management System Market”
The report on the global Workflow Management System (WMS) market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Market Highlights:

Workflow Management System can be defined as software program that is used in arrangement, performance, and setting up in managing the workflow. Rapidly changing nature of business and the workflow in small and medium business units are creating changes in the procedure of the workflow management. Companies across numerous industrial verticals are adopting these services to streamline business processes and increase in access to information is driving the market of workflow management system.

The study indicates that the increase in competitiveness due to the technological advancement and the adoption of automated solution is expected to contribute towards increase in market share of workflow management system market by the end of the forecasted period. Reduced flexibility, and cost of implementation are some of the factors hindering the growth of the workflow management system market. However, the rapid adoption of cloud based technology and transformation of various enterprises are expected to create new opportunities for workflow management system market.

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Major Key Players

  • IBM Corporation (U.S.),
  • Xerox Corporation (U.S.),
  • SourceCode Technology Holdings, Inc. (U.S.),
  • Appian (U.S.),
  • Bizagi (U.K.),
  • Oracle Corporation (U.S.),
  • Nintex Global Limited (U.S.),
  • Software AG (Germany),
  • Pegasystems Inc. (U.S.),

According to the study, the global Workflow Management System Market is poised to grow at an expected CAGR of over 19.14% from 2016 to 2022. At this impressive compound annual growth rate, the global market is expected to grow from the current value of $2.4 billion to $6.96 billion by the end of the year 2022

Competitive Analysis

The market position analysis is derived by considering various factors such as financial position, segmental R&D investment, brand value, Workflow Management System product portfolio, strategy analysis, and key innovations in Workflow Management System market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Regional Analysis

By region, the global workflow management system market has been segmented into Asia Pacific, North America, Europe and Rest of the World. North America is projected to dominate the market through the forecast period. Rising adoption of IT services and automated business processes are likely to fuel demand in the regional market. The factors favoring the expansion of the workflow management system market in the region are technological advancements, massive internet penetration, etc. Europe and Asia Pacific are important growth pockets of the global workflow management system market and resonate strong opportunities for market expansion over the next couple of years.

Segmentation:

Workflow Management System market is segmented on the basis of deployment, software and verticals.

Workflow Management System by Deployment:

  • On-Cloud
  • On-Premises

Workflow Management System by Component:

  • Software
  • Services

Workflow Management System by Vertical:

  • BFSI
  • Healthcare
  • Retail
  • IT/Telecom
  • Transportation
  • Others

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Intended Audience

  • Cloud service providers
  • IT consulting service providers
  • System Integrators
  • Technical University
  • Original Technology Designers and Suppliers
  • End users (verticals)
  • Software Providers

LIST OF TABLES

Table 1 Workflow Management System Market, By Component

Table 2 Workflow Management System Market, By Deployment

Table 3 Workflow Management System Market, By Vertical

Table 4 Workflow Management System Market, By Regions

Table 5 North America Workflow Management System Market, By Component

Continued……

LIST OF FIGURES

Figure 1 Research Workflow Management System

Figure 2 Workflow Management System Market: By Component (%)

Figure 3 Workflow Management System Market: By Deployment (%)

Figure 4 Workflow Management System Market: By Vertical (%)

Figure 5 Workflow Management System Market: By Region

Continued….

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