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A bright future awaits the workflow automation market

Industrial Market Research

The workflow automation market in Asia Pacific is expected to grow at the highest rate between 2017 and 2022. This is mainly attributed to the presence of outsourcing industries in countries such as India and China, which drives the adoption of workflow automation. Increased operational efficiency and lower cost, with reduction in full time employee (FTE) , are the other benefits associated with workflow automation that drives the growth of the market in APAC.

The workflow automation market is forecast to reach $17.11 billion by 2022 from $4.29 billion in 2016 at a CAGR of 22.08% during 2017-2022.

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The research report on the overall workflow automation market covers different segments: offering, process, operation, organization size, deployment, industry, and geography. The market has been segmented on the basis of operation into rule-based, knowledge-based, and robotic process automation-based.

On the basis of process, the workflow automation market has been classified into automated solutions, decision support and management solutions, and interaction solutions.

On the basis of organization size, the market breakdowns are large enterprises and SMEs.

Key Players:

IBM Corporation
Oracle Corporation
Pegasystems Inc.
Xerox Corporation
Ipsoft, Inc.
Newgen Software Technologies Limited
Nintex Global Limited
Opentext Corp
Tibco Software Inc
Uipath SRL
Sourcecode Technology Holdings, Inc.
Thoughtonomy Ltd.

The deployment market has been segmented into on-premise and cloud. The report covers two types of workflow automation offerings: software and services.

Furthermore, the workflow automation market has been segmented on the basis of industries into, banking, financial services & insurance, healthcare & pharmaceuticals, manufacturing & logistics, telecom & IT, retail & consumer goods, travel, hospitality & transportation, energy & utilities, and others. The report covers 4major geographical regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

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