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Rising Adoption Of Cloud Computing Driving The Form Automation Market: Key Factor Driving The Growth In The Form Automation Software Market
Form Automation Software
What Is the Expected Form Automation Software Market Size During the Forecast Period?
The size of the form automation software market has seen tremendous growth recently. The market, valued at $16.94 billion in 2024, is predicted to reach $20.55 billion in 2025 with a compound annual growth rate (CAGR) of 21.3%. The past growth can be linked to a greater requirement for efficiency, heightened demand for digital transition, an influx in paperwork, initiatives to cut costs, and the advent of robotic process automation (RPA).
It is predicted that the form automation software market size will witness a substantial expansion in the coming years. It is estimated to surge to $44.29 billion in 2029, with a compound annual growth rate (CAGR) of 21.2%. Factors such as improved security features, personalizable workflow automation, emphasis on user experience (UX), compatibility with different software systems, and the creation of industry-specific solutions contribute to the projected growth during the forecast period. Key trends identified for the forecast period include the incorporation of blockchain for data safety, a transition towards platforms requiring minimal to no coding, AI-enabled automation, the uptake of hybrid cloud solutions, and the emergence of intelligent document processing (IDP).
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What Are the High-Growth Segments in the Form Automation Software Market?
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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What Key Drivers Are Expected to Influence Future Form Automation Software Market Growth?
The surge in utilization of cloud computing is anticipated to propel the form automation industry in upcoming years. The internet-based services, referred to as cloud-based services, offer computing resources and applications, enabling users to operate and utilise them remotely, eliminating the necessity for extensive hardware or infrastructure on location. The amplified uptake of cloud computing is credited to benefits such as scalability, cost-efficiency, elevated collaboration, augmented flexibility, and the booming demand for remote access to data and software. Form automation technology supports the smooth migration from conventional paper-based systems to digital platforms, leading to more efficient workflows and stimulating the use of cloud computing by diminishing dependence on physical infrastructure and facilitating simple integration with cloud platforms. For example, data released by Eurostat, the European Union's statistical office based in Luxembourg, in December 2023 stated a 4.2% point rise from 2021 to 2023 in the proportion of enterprises availing cloud computing services in the EU, with 42.5% of them selecting these services, mainly for email, file storage and office software. Consequently, the rising uptake of cloud computing is fuelling the expansion of the form automation industry.
Which Companies Hold the Largest Share Across Different Form Automation Software Market Segments?
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 Trends Are Driving Growth in The Form Automation Software Market?
Leading firms in the form automation software market are intensifying their efforts to design innovative solutions, such as online forms and workflow automation systems, in a bid to streamline data capture and lead generation. These solutions pertain to software platforms that simplify the design, administration, and execution of digital forms while automating related workflows and tasks. For instance, Jotform Inc., renowned for its online form builder services in the US, unveiled Jotform for Salesforce on the Salesforce AppExchange platform in September 2023. This platform features an amalgamation of powerful form automation, a user-friendly no-code form builder, an e-signature function, a mobile app builder, approval processes, automated report creation, Salesforce integration, and object mapping. This progress marks a pivotal technological evolution in form automation software, enabling smooth integration with Salesforce, adaptable solutions for diverse business sectors, elevated efficiency, and ease-of-use tools, thereby sparking innovation and market uptake.
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What Are the Emerging Geographies for The Form Automation Software Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Form Automation Software Market?
2. What is the CAGR expected in the Form Automation Software Market?
3. What Are the Key Innovations Transforming the Form Automation Software Industry?
4. Which Region Is Leading the Form Automation Software Market?
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