Market Demand : Workflow Management Systems Market Globally Grow at a CAGR of 28.77% by 2019

ALBANY, NY, March 23, 2017 : Workflow management is a process that helps to define, administrate, and coordinate different business processes in an organization. A workflow management system is a software used to execute and monitor various tasks in sequence. The most important function in a workflow management system is the coordination of individual steps.

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There exist two types of workflow management systems:
Automated processes: This enables automation of the tasks to be performed
Internal and external processes: This approach requires inputs from other vendors for business processes to run, which includes a standard-based workflow development environment

TechNavio's analysts forecast the Global Workflow Management Systems market to grow at a CAGR of 28.77 percent over the period 2014-2019.

Covered in this Report
This report covers the present market scenario and the growth prospects of the Global Workflow Management Systems market for the period 2015-2019. It presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. The report describes the size of the market based on the total software revenue, which is generated from the issue of new licenses, installations, updates, subscriptions, technical support, and software maintenance, while it excludes the revenue from professional services and the sale of hardware.

Moreover, the report provides models of deployment:
On premise
Cloud

In addition, the report discusses the major drivers that influence the growth of the Global Workflow Management Systems market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key Regions
Americas
APAC
EMEA

Key Vendors
HP
IBM
Oracle
SAP

Other Prominent Vendors
Appian
Bosch
EMC
Fujistu
Network Automation
Newgen Software
OrangeScape Technologies
PaperSave
Pegasystems
PNMsoft
Software AG
Tibco Software

Market Driver
Need to Increase Productivity and Efficiency
For a full, detailed list, view our report

Market Challenge
High Cost Associated with Implementation
For a full, detailed list, view our report

Market Trend
Increased Demand for Cloud-based Workflow Management Systems
For a full, detailed list, view our report

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Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.