Workflow Management System Market 2018 Global Key Leaders:IBM , Xerox , SourceCode Technology Holdings, Appian, Bizagi, Oracle , Nintex Global Limited, Software

Market Highlights:

A workflow management system is a software system that helps in the setup, execution and monitoring of such workflows in an organization. It is a system that help organizations to integrate thorough procedural changes in order to gain competitive advantage. Increasing need to fulfill the ever changing demands of the customers by providing superior customer experience, reduced job completion time, etc., are some other major forces driving this market. Emergence of the culture of flexible working hours has made the concepts of mobile workforce and work-from-home popular. It has become essential to provide information access to such a mobile workforce, irrespective of their location. Adoption of cloud computing techniques has facilitated the growth of cloud-based workflow systems. Enterprises and Small and Medium Businesses (SMBs) prefer such cloud-based systems that provide infrastructure as a solution because their deployment does not demand high investment in IT.

The study indicates that production workflow systems are gaining traction among workflow management software as these systems support various functions and features that allow superior customization of business processes. These systems run in a broad range of computing environment and network.

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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.), among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Workflow Management System Market.

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

Regional Analysis
The global Workflow Management System market is estimated to grow at a promising rate in upcoming years. North America is expected to dominate the market globally due to high technology advancement and high rate of cloud technology adoption in the region. Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption, high adoption of smartphones & cloud technology are expected to drive the growth of Workflow Management System market in the region. However, technical limitation in the market is expected to hamper the market growth in coming years.

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.

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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

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