Global Workflow Automation and Optimization Software Market Growth, Trends And Future Forecast till 2025

The global workflow automation and optimization software market is primarily dominated by multinational tech giants. The top five players account for well over half the share in the market and are constantly trying to outdo one another through product innovation.

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Driving growth in the global market for workflow automation and optimization software is the rising take-up of third platform technologies and soaring popularity of business process automation. Workflow automation and optimization software allows businesses to improve communication, reduce human errors, enable real-time reporting, and allow integration of third-party applications for added benefits. Such advantages are egging organizations to shift toward digitization of business processes.

Cyber threats, however, are acting as a deterrent to the market for workflow automation and optimization software market. In order to tackle the menace, savvy players in the market are trying to develop more secure solutions.

A report by Market Research Reports Search Engine forecasts the global market for workflow automation and optimization software to expand at a healthy CAGR of 8.7% from 2017 to 2025 to become worth US$1.456 bn by 2025 from US$0.713 bn in 2016.

Global Workflow Automation and Optimization Software Market: Competitive Landscape

For supporting strategic decision-making, the report also includes competitive profiling of leading companies of workflow automation and optimization software market, their overview, SWOT analysis, different product and business segments, unique business strategies adopted by them, revenue garnered by the companies and their regional revenue share. The SWOT analysis, provided for each of the companies profiled, focuses on the strengths, weaknesses, opportunities and threats of the profiled companies, thus providing a enhanced understanding of the position of the major players in this market.

The regional overview, provided in the report for each region, details the current trends of the workflow automation and optimization software market for the respective regions. The market attractiveness analysis, and competitive landscape included in the report provide insight into market dynamics, competition present in the industry and the most attractive segments in the workflow automation and optimization software market. The competitive landscape, provided in the report, allows for a better understanding of the major strategies undertaken by the industry leaders and their plans for a sustained growth in this industry.

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The report also provides specific assessment of the various factors impacting the global workflow automation and optimization software market’s growth, which are described as growth drivers, market restraints, and opportunities. These factors aid in pointing out the various existing and upcoming trends, coupled with their impact on market growth. Overall, considering the various factors affecting the workflow automation and optimization software market, the report includes a comprehensive analysis of the global workflow automation and optimization software market, and provides the anticipated growth for the forecast period 2017 to 2025.

Some of the leading players in the market are Xerox Corporation (The U.S.), Oracle Corporation (The U.S.), International Business Machines Corporation (The U.S.), SAS Institute, Inc. (The U.S.), SAP SE (Germany), OnviSource, Inc. (The U.S.), Boston Software Systems (The U.S.), Flexera Software LLC (The U.S.), JDA Software Group, Inc. (The U.S.), and Reva Solutions (The U.S.) among others.

The global workflow automation and optimization software market has been segmented as follows:

Global Workflow Automation And Optimization Software Market, by Deployment Type

On-premise

Cloud

Mixed

Global Workflow Automation and Optimization Software Market, by End-use

Banking, Financial Services & Insurance (BFSI)

Education

Healthcare

Manufacturing

Retail

Transportation & Logistics

Telecommunications & IT

Others

Global Workflow Automation and Optimization Software Market, by Region

North America

The U.S.

Rest of North America

Europe

The U.K.

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

India

Japan

Rest of Asia Pacific

South America

Brazil

Rest of South America

Middle East & Africa

Israel

South Africa

Rest of Middle-East & Africa

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