Global Workflow Management Systems Industry to 2026

DUBLIN, December 10, 2021 / PRNewswire / – The “Workflow Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026” the report was added to offer.

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The global workflow management systems market has grown at a CAGR of approximately 21% in 2015 and 2020. Workforce Management (WFM) refers to a set of tools and processes that enable an organization to monitor and centralize data for the use of its human resources. It includes various performance-based software and tools to improve the efficiency of frontline supervisors, company leadership, managers and workers across the organization.

It can perform multiple functions, such as workforce forecasting and planning, human resource management, and workforce analysis. It can also create personalized workflows that improve overall productivity and make decision-making more efficient. For this reason, it finds many applications in various industries, including banking, financial services and insurance (BFSI), healthcare, transport and logistics, energy, retail and technology. information (IT) and telecommunications.

One of the key factors driving the growth of the market is the growing need for automation across all industries, along with the growing adoption of cloud-based solutions. With an increasing emphasis on workforce optimization, organizations are widely using WFM solutions to manage time and avoid duplication of tasks. In addition, cloud-based solutions minimize physical hardware requirements, which also drives the adoption of these solutions in organizations. The platform also lowers overall operational costs and improves infrastructure scalability by providing access to various endpoints.

In addition, the increasing penetration of smartphones, along with the prevailing trend of Bring-Your-Own-Devices (BYOD), is also creating a positive impact on the growth of the market. With the deployment of WFM solutions, the employer can monitor the progress of tasks at any time while providing employees with secure access to official files. Other factors, including rapid urbanization, especially in developing economies, growing awareness of the benefits of WFM, and extensive research and development (R&D) in computer science, are expected to boost the Marlet. Looking ahead, the publisher expects the global workflow management systems market to show strong growth over the next five years.

Competitive landscape:

The competitive landscape of the industry was also examined along with the profiles of the major players being Appian Corporation, Bizagi (Vision Software SA), IBM Corporation, Newgen Software Technologies Limited, Nintex Global Limited, Oracle Corporation, Pegasystems Inc., Software AG and Xerox Corporation.

Key questions addressed in this report:

  • How has the global workflow management systems market performed so far and how will it perform in the years to come?

  • What has been the impact of COVID-19 on the global workflow management systems market?

  • What are the main regional markets?

  • What is the market breakdown according to the component?

  • What is the market breakdown according to the type of deployment?

  • How does the market break up according to the vertical?

  • What are the different stages of the industry value chain?

  • What are the main factors and challenges for the industry?

  • What is the structure of the global Workflow Management Systems market and who are the major players?

  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Workflow Management Systems Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market breakdown by component
6.1 Software
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market trends
6.2.2 Market Forecast

7 Market breakdown by type of deployment
7.1 Cloud-based
7.1.1 Market trends
7.1.2 Market Forecast
7.2 On site
7.2.1 Market trends
7.2.2 Market Forecast

8 Market breakdown by vertical
8.1 BFSI
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Health
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Energy
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Retail trade
8.4.1 Market trends
8.4.2 Market Forecast
8.5 IT and Telecom
8.5.1 Market trends
8.5.2 Market Forecast
8.6 Transport and logistics
8.6.1 Market trends
8.6.2 Market Forecast
8.7 Education
8.7.1 Market trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market trends
8.8.2 Market Forecast

9 Market breakdown by region

10 SWOT Analysis

11 Value chain analysis

Analysis of the five forces of 12 carriers

13 Price analysis

14 Competitive landscape
14.1 Market structure
14.2 Key players
14.3 Profiles of key players
14.3.1 Appian Company Company presentation Product portfolio Finances
14.3.2 Bizagi (Vision Software SA) Company presentation Product portfolio Finances
14.3.3 IBM Corporation Company presentation Product portfolio Finances SWOT Analysis
14.3.4 Newgen Software Technologies Limited Company overview Product portfolio Finances
14.3.5 Nintex Global Limited Company overview Product portfolio Finances
14.3.6 Oracle Company Company overview Product portfolio Finances SWOT Analysis
14.3.7 Pegasystems Inc. Company overview Product portfolio Finances SWOT Analysis
14.3.8 Software SA Company overview Product portfolio Finances
14.3.9 Xerox Company Company overview Product portfolio Finances SWOT Analysis

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