Press release
THE WORKFLOW AUTOMATION MARKET WAS VALUED AT USD 4.32 BILLION IN 2016 AND IS PROJECTED TO REACH USD 29.25 BILLION BY 2025 TOP KEY PLAYERS ARE ORACLE CORPORATION, IBM CORPORATION, SOFTWARE AG , APPIAN , XEROX CORPORATION , IPSOFT, INC. , NINTEX GLOBAL LIMI
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Incorporation of new technologies with workflow automation
1.2 Increasing demand for workflow automation in logistics, BPO industry
1.3 Increased focus on streamlining business processes
1.4 Easy business operation with the installation of workflow automation tools
1.5 Cost effective workflow automation system
2. Market Restraints
2.1 Poor awareness related to workflow automation
2.2 Rising concerns for data security in the financial sector
2.3 Issues with integration of new and existing systems
Market Segmentation:
The Workflow Automation Market is segmented on the process, organization size, component, deployment model, operation, vertical, and region.
1. Process:
1.1 Automated solution
1.2 Interaction solution
1.3 Decision support and Management solution
2. Organization Size:
2.1 Large Enterprises
2.2 Small and Medium Organizations
3. By Component:
3.1 Software
3.2 Services
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4. By Deployment Mode:
4.1 Cloud-based
4.2 On-premises
5. By Operation:
5.1 Robotic Process Automation-based
5.2 Rule-based
5.3 Knowledge-based
6. By Vertical:
6.1 Healthcare and Pharmaceuticals
6.2 Government and Defense
6.3 IT and Telecom
6.4 Banking, Financial Services, and Insurance (BFSI)
6.5 Travel and Hospitality
6.6 Retail and Consumer Goods
6.7 Manufacturing and Logistics
6.8 Others
7. By Region:
7.1 North America (U.S., Canada, Mexico)
7.2 Europe (Germany, UK, France, Rest of Europe)
7.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
7.4 Latin America (Brazil, Argentina, Rest of Latin America)
7.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Oracle Corporation
2. IBM Corporation
3. Software AG
4. Appian
5. Xerox Corporation
6. Ipsoft, Inc.
7. Nintex Global Limited
8. Newgen Software Technologies Limited
9. Bizagi
10. Pegasystems Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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