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Rising Adoption Of Cloud Computing Driving The Form Automation Market: A Key Factor Shaping the Future of the Form Automation Software Market in 2025
Rising Adoption Of Cloud Computing Driving The Form Automation Market
The form automation software market will grow from $16.94 billion in 2024 to $20.55 billion in 2025, at an impressive CAGR of 21.3%. The growth is attributed to the increasing need for efficiency, digital transformation, rising volumes of paperwork, and the emergence of robotic process automation (RPA).
The form automation software market is expected to see exponential growth, reaching $44.29 billion by 2029 at a CAGR of 21.2%. The growth is attributed to enhanced security features, customizable workflows, software interoperability, and industry-specific solutions. Trends include blockchain integration for data security, low-code/no-code platforms, AI-driven automation, hybrid cloud solutions, and intelligent document processing (IDP).
What Are the Main Catalysts for Growth in the Form Automation Software Market?
The increasing adoption of cloud computing is expected to drive the form automation market. Cloud-based services refer to the delivery of computing resources and applications over the Internet, allowing users to access and utilize them remotely without the need for extensive hardware or infrastructure on their premises. The increasing adoption of cloud computing can be attributed to factors such as scalability, cost-effectiveness, improved collaboration, enhanced flexibility, and the growing demand for remote access to data and applications. Form automation software facilitates the seamless transition of traditionally paper-based processes to digital platforms, thereby streamlining workflows, enhancing efficiency, and encouraging the utilization of cloud-based computing by reducing reliance on physical infrastructure and enabling easier integration with cloud platforms. For instance, in December 2023, according to statistics published by Eurostat, the share of enterprises buying cloud computing services in the EU increased by 4.2 percentage points from 2021 to 2023, with 42.5% of them opting for these services, primarily for email, file storage, and office software. Therefore, the increasing adoption of cloud computing is driving the growth of the form automation market.
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Which Businesses Are at the Forefront of Form Automation Software Market Development?
Major companies operating in the form automation software market report are Microsoft Corporation; IBM Corporation; Adobe Inc.; Rockwell Automation Inc.; OpenText Corporation; Zoho Corporation Pvt. Ltd.; Monday.com; Nintex Group Limited; KiSSFLOW; JotForm Inc.; FormStack LLC; ProcessMaker; K2 Software Inc.; GoCanvas; GoSpotCheck; ProntoForms Corporation; Pardot LLC; Process flows; GoFormz; Cognito LLC; Forms On Fire Inc.; Kizeo SAS; Device Magic; iFormBuilder; PaperForm; PerfectApps Inc.; Capptions.com
What Are the Latest Innovations in the Form Automation Software Market?
In the form automation software market, leading firms are focusing on developing advanced solutions, such as online forms and workflow automation platforms, to facilitate efficient data collection and lead generation. These solutions streamline the creation, management, and processing of digital forms, as well as automate related tasks. For instance, in September 2023, Jotform Inc., a US-based online form builder, launched Jotform for Salesforce on Salesforce AppExchange. This platform integrates powerful form automation, no-code form building, e-signature tools, mobile app creation, approval workflows, automated reporting, Salesforce integration, and object mapping, offering enhanced efficiency and user-friendly solutions.
How Is the Form Automation Software Market Segmented?
The form automation software market covered in this report is segmented -
1) By Type: Cloud Based, On-Premise
2) By Pricing Model: Subscription, One-Time
3) By Application: Invoices, Contracts, Employee Onboarding, Surveys And Feedback Forms, Other Applications
4) By Industry Vertical: Banking Financial Services And Insurance (BFSI), Retail And E-commerce, Telecommunication, Education, Media And Entertainment, Healthcare, Other Industry Verticals
Subsegments:
1) By Cloud-Based: Saas (Software As A Service) Form Automation, Cloud Form Builders, Cloud-Based Workflow Automation
2) By On-Premise: On-Premise Form Automation Software, Self-Hosted Form Automation Solutions, On-Premise Workflow Management Tools
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Where Is the Form Automation Software Market Growth Most Prominent?
North America was the largest region in the form automation software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the form automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Form Automation Software Global Market Report?
- Market Size Analysis: Analyze the Form Automation Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Form Automation Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Form Automation Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Form Automation Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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