Sacramento News-Online

Workflow Management System Market To Show Enormous Growth By 2025 | Key Players Analysis – IBM, Bizagi, Pegasystems, Xerox, Appian And Oracle | Million Insights

 Breaking News
  • No posts were found

Workflow Management System Market To Show Enormous Growth By 2025 | Key Players Analysis – IBM, Bizagi, Pegasystems, Xerox, Appian And Oracle | Million Insights

September 30
07:10 2021
Workflow Management System Market To Show Enormous Growth By 2025 | Key Players Analysis - IBM, Bizagi, Pegasystems, Xerox, Appian And Oracle | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global workflow management system industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The global Workflow Management System Market size is anticipated to reach USD 24.8 billion until 2025. It is anticipated to register growth with 27.7% CAGR during the forecasted period, 2019 to 2025. This growth can be associated with its surging usage for automating business processes and workflows. Further, features like user-defined models, setting up deadlines, and budget limitations coupled with the selection of environments are anticipated to drive the market growth of WFMS in the upcoming years.

The consulting services segment held the largest share across the global market in 2018 due to the surging need for automation among several organizations. The software segment is being widely used by financial service providers and banks on account of the need for process automation to reduce redundant time and efforts.

To download the sample PDF of “Workflow Management System Market Report” please click here: https://www.millioninsights.com/industry-reports/global-workflow-management-system-market/request-sample

U.S. workflow management system market

The BFSI vertical segment held a dominant share of 33% in 2018 on account of the increasing need for automation of repetitive tasks like compliance regulations, data entry, and formulation. While, the IT & telecom segment is projected to witness the fastest growth during the forecasted years, 2019 to 2025 owing to the usage of such systems for accurate tracking, reporting, and managing in IT assets.

North America held the largest share of 48.0% across the global market in 2018 due to surging penetration of automation and process management solutions. On the other hand, Asia Pacific is anticipated to witness the highest CAGR from 2019 to 2025 owing to rising BFSI sector across developing countries like India and China.

The Workflow Management Systems market includes key players such as IBM Corporation, Xerox Corporation, Software AG, Bizagi, Pegasystems Inc., and Appian. They are implementing several marketing strategies like partnerships, mergers, and acquisitions to gain competitive advantage and widen their global reach. Also, expanding operational facilities is gaining traction among these players.

To browse report summary & detailed TOC, please click the link below:  https://www.millioninsights.com/industry-reports/global-workflow-management-system-market

Global workflow management system market

Further key findings from the report suggest:

• The segment of cloud deployment registered highest share of 66.0% in 2018 and is expected to witness fastest growth in the upcoming years.

• The BFSI vertical segment held a dominant share of 33% in 2018 across the global market.

• North America held a share of around 48.0% across the global workflow management systems market.

• The key players in this market are IBM Corporation; Software AG; Bizagi; Pegasystems Inc.; and Xerox Corporation.

Million Insights has segmented the global workflow management systems market on the basis of component, software, service, deployment, vertical, and region:

WFMS Component Outlook (Revenue, USD Million, 2015 – 2025)

    • Software

    • Services

WFMS Software Outlook (Revenue, USD Million, 2015 – 2025)

    • Production

    • Messaging-based

    • Web-based

    • Suite-based

    • Others

WFMS Service Outlook (Revenue, USD Million, 2015 – 2025)

    • Consulting

    • Integration

    • Training & Development

WFMS Deployment Outlook (Revenue, USD Million, 2015 – 2025)

    • Cloud

    • On-Premise

WFMS Vertical Outlook (Revenue, USD Million, 2015 – 2025)

    • BFSI

    • Healthcare

    • Retail

    • IT & Telecom

    • Transportation

    • Others

WFMS Regional Outlook (Revenue, USD Million, 2015 – 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

Explore the Latest Market Research Reports by Million Insights:

• Cosmetic Dentistry Market: The global cosmetic dentistry market was prized by USD 6.9 billion in 2020. It is estimated to witness a 5.0% CAGR from 2021 to 2028.

• Women’s Health App Market: The global women’s health app market was prized by USD 2.3 billion in 2020. It is estimated to witness 19.0% CAGR from 2021 to 2028.

About Million Insights      

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-workflow-management-system-market