Press release
Technology-Based Business Workflow Automation Solution Market Is Surpassing US$ 2,100 Million By 2026| Fact.MR Study
Business Workflow Automation
Business workflow automation leads to the faster decision making, helps in effectively managing work, increasing production capacity, and also helps in enhancing internal communication. Businesses are adopting workflow automation solutions on a large scale.
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6 Forecast Highlights on Global Business Workflow Automation Market
1- North America is expected to dominate the global business workflow automation market throughout the forecast period. By the end of 2026, North America is estimated to reach close to US$ 1,600 million revenue. Telecom, transportation, IT, BFSI, and hospitality industries in Canada and the U.S. are increasingly adopting business workflow automation.
2- Europe and Asia Pacific Excluding Japan (APEJ) are also expected to witness significant growth. Entry of established players in the APEJ region is driving the adoption of business workflow automation.
3- Technology-based solution is expected to witness the highest growth during the forecast period. Technology-based solution is estimated to exceed US$ 2,100 million revenue by the end of 2026.
4- Healthcare and pharmaceuticals is anticipated to be the largest industry in the business workflow automation market. Towards the end of 2026, the healthcare and pharmaceuticals industry is estimated to generate revenue more than US$ 900 million.
5- On-premise platform is likely to witness the highest growth during the forecast period 2017-2026. On-premise platform is expected to exceed US$ 3,800 million revenue by the end of 2026.
6- Small & medium enterprise are expected to adopt business workflow automation on a large scale. Small & medium enterprise segment is estimated to create an incremental opportunity of more than US$ 1,600 million during 2017-2026.
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Key Companies Profiled by Fact.MR
• Tibco Software
• HCL Technologies
• SAS Institute
• SAP SE
• Nintex Limited
• Newgen Software Technologies Limited
• IPSoft Inc
• Vision Software SA
• Appian, Software AG
• PegaSystems Inc
• Oracle Corporation
• IBM Corporation
• Kyocera
Market Taxonomy
Deployment Type
• Feature-Based Solution
• Integration-Based Solution
• Technology- Based Solution
Industry
• BFSI
• Healthcare & Pharmaceuticals
• Manufacturing
• Education
• Retail & Consumer Goods
• IT & Telecommunication
• Energy & Utilities
• Travel
• Others Industry
Platform Type
• Cloud -Based
• On-premise
Organization Type
• Small & Medium Enterprise
• Large Enterprise
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Questionnaire answered in the Business Workflow Automation Market report include:
• How the market for Business Workflow Automation has grown?
• What is the present and future outlook of the global Business Workflow Automation on the basis of region?
• What are the challenges and opportunities for the Business Workflow Automation?
• Why the consumption of Business Workflow Automation highest in region?
• In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Business Workflow Automation market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Business Workflow Automation market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Business Workflow Automation market and assists to create strategies to overcome the obstacles that may hinder the growth of the Business Workflow Automation market.
• Leverage: The Business Workflow Automation market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Business Workflow Automation market.
Explore Fact.MR's More Insights on the Technology Domain
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