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Workflow Management System Market Report by Component, Deployment Type, Vertical, and Region 2024-2032

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    Report

  • 150 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5901673
Description Jump to:

The global workflow management system market size reached US$ 9.8 Billion in 2023. Looking forward, the market is forecast to reach US$ 13 Billion by 2032, exhibiting a growth rate (CAGR) of 3.19% during 2023-2032.

Workforce management (WFM) refers to a collection of tools and processes that enables an organization to monitor and centralize the data for their human resource utilization. It includes various performance-based software and tools to enhance the efficiencies of front-line supervisors, corporate management, managers and workers across the organization.

It can perform multiple functions, such as workforce forecast and scheduling, HR management and workforce analysis. It can also create customized workflows that enhance overall productivity and make decision-making more efficient. Owing to this, it finds extensive applications across various industries, including banking, financial services, and insurance (BFSI), healthcare, transportation and logistics, energy, retail and information technology (IT) and telecom.

The growing need for automation across industries, along with the increasing adoption of cloud-based solutions, represents one of the key factors driving the growth of the market. With an increasing focus on workforce optimization, organizations are extensively employing WFM solutions to manage time and avoid duplication of tasks. Furthermore, cloud-based solutions minimize the requirements for physical hardware, which is also boosting the adoption of these solutions in organizations. The platform also reduces the overall operational costs and enhances the scalability of the infrastructure by providing access to various endpoints.

Additionally, increasing penetration of smartphones, along with the prevailing trend of Bring-Your-Own-Devices (BYOD), is also creating a positive impact on the market growth. With the deployment of WFM solutions, the employer can track the progress on tasks at any point of time while providing the employees with secure access to official files. Other factors, including rapid urbanization, especially in developing economies, rising awareness about the benefits of WFM, and extensive research and development (R&D) activities in the field of IT, are expected to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global workflow management system market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment type and vertical.

Breakup by Component:

  • Software
  • Services

Breakup by Deployment Type:

  • Cloud-Based
  • On-Premises

Breakup by Vertical:

  • BFSI
  • Healthcare
  • Energy
  • Retail
  • IT and Telecom
  • Transportation and Logistics
  • Education
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Appian Corporation Inc., Bizagi Group Limited, IBM Corporation, Newgen Software Technologies Ltd, Nintex Global Ltd., Oracle Corporation, Pegasystems Inc., Software AG, and Xerox Holdings Corporation.

Key Questions Answered in This Report

  • What was the size of the global workflow management system market in 2023?
  • What is the expected growth rate of the global workflow management system market during 2024-2032
  • What are the key factors driving the global workflow management system market?
  • What has been the impact of COVID-19 on the global workflow management system market?
  • What is the breakup of the global workflow management system market based on the component?
  • What is the breakup of the global workflow management system market based on the deployment type?
  • What is the breakup of the global workflow management system market based on vertical?
  • What are the key regions in the global workflow management system market?
  • Who are the key players/companies in the global workflow management system market?

Table of Contents


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Workflow Management System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Type
7.1 Cloud-Based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-Premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Vertical
8.1 BFSI
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Healthcare
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Energy
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Retail
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 IT and Telecom
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Transportation and Logistics
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Education
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Appian Corporation Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Bizagi Group Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 IBM Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Newgen Software Technologies Ltd
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Nintex Global Ltd
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Oracle Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Pegasystems Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Software AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Xerox Holdings Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
List of Figures
Figure 1: Global: Workflow Management System Market: Major Drivers and Challenges
Figure 2: Global: Workflow Management System Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Workflow Management System Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Workflow Management System Market: Breakup by Component (in %), 2023
Figure 5: Global: Workflow Management System Market: Breakup by Deployment Type (in %), 2023
Figure 6: Global: Workflow Management System Market: Breakup by Vertical (in %), 2023
Figure 7: Global: Workflow Management System Market: Breakup by Region (in %), 2023
Figure 8: Global: Workflow Management System (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Workflow Management System (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Workflow Management System (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Workflow Management System (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Workflow Management System (Cloud-Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Workflow Management System (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Workflow Management System (On-Premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Workflow Management System (On-Premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Workflow Management System (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Workflow Management System (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Workflow Management System (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Workflow Management System (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Workflow Management System (Energy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Workflow Management System (Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Workflow Management System (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Workflow Management System (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Workflow Management System (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Workflow Management System (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Workflow Management System (Transportation and Logistics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Workflow Management System (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Workflow Management System (Education) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Workflow Management System (Education) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Workflow Management System (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Workflow Management System (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Workflow Management System Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Workflow Management System Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Workflow Management System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Global: Workflow Management System Industry: SWOT Analysis
Figure 82: Global: Workflow Management System Industry: Value Chain Analysis
Figure 83: Global: Workflow Management System Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Workflow Management System Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Workflow Management System Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Workflow Management System Market Forecast: Breakup by Deployment Type (in Million US$), 2024-2032
Table 4: Global: Workflow Management System Market Forecast: Breakup by Vertical (in Million US$), 2024-2032
Table 5: Global: Workflow Management System Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Workflow Management System Market: Competitive Structure
Table 7: Global: Workflow Management System Market: Key Players

Companies Mentioned

  • Appian Corporation Inc.
  • Bizagi Group Limited
  • IBM Corporation
  • Newgen Software Technologies Ltd
  • Nintex Global Ltd.
  • Oracle Corporation
  • Pegasystems Inc.
  • Software AG
  • Xerox Holdings Corporation

Table Information

Report AttributeDetails
No. of Pages150
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 9.8 Billion
Forecasted Market Value ( USD ) by 2032 $ 13 Billion
Compound Annual Growth Rate3.2%
Regions CoveredGlobal
No. of Companies Mentioned9

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About the Market

Workflow Management Software is a type of software used to automate and manage the flow of tasks and processes within an organization. It is designed to help streamline and optimize the way work is done, allowing for greater efficiency and productivity. It can be used to manage a variety of tasks, from simple tasks such as document approvals to complex processes such as customer onboarding. It can also be used to track and monitor progress, ensuring that tasks are completed on time and to the highest standards. Workflow Management Software is used by a wide range of organizations, from small businesses to large enterprises. It is an essential tool for businesses looking to improve their efficiency and productivity, as well as for those looking to reduce costs and increase customer satisfaction. Some of the leading companies in the Workflow Management Software market include Nintex, Kissflow, Process Street, and WorkflowGen. These companies offer a range of products and services designed to help organizations automate and manage their workflows. Show Less Read more

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