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Workflow Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • ID: 5483534
  • Report
  • November 2021
  • Region: Global
  • 143 Pages
  • IMARC Group

FEATURED COMPANIES

  • Appian Corporation
  • IBM Corporation
  • Nintex Global Limited
  • Oracle Corporation
  • Pegasystems Inc.
  • Software AG
The global workflow management system market grew at a CAGR of around 21% during 2015 & 2020. 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. Looking forward, the publisher expects the global workflow management system market to exhibit strong growth during the next five years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global workflow management system market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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, Bizagi (Vision Software S.A.), IBM Corporation, Newgen Software Technologies Limited, Nintex Global Limited, Oracle Corporation, Pegasystems Inc., Software AG and Xerox Corporation.

Key Questions Answered in This Report:

  • How has the global workflow management system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global workflow management system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global workflow management system market and who are the key players?
  • What is the degree of competition in the industry?

FEATURED COMPANIES

  • Appian Corporation
  • IBM Corporation
  • Nintex Global Limited
  • Oracle Corporation
  • Pegasystems Inc.
  • Software AG

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
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Bizagi (Vision Software S.A.)
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 Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Nintex Global Limited
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 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$), 2015-2020
Figure 3: Global: Workflow Management System Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Workflow Management System Market: Breakup by Component (in %), 2020
Figure 5: Global: Workflow Management System Market: Breakup by Deployment Type (in %), 2020
Figure 6: Global: Workflow Management System Market: Breakup by Vertical (in %), 2020
Figure 7: Global: Workflow Management System Market: Breakup by Region (in %), 2020
Figure 8: Global: Workflow Management System (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Workflow Management System (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Workflow Management System (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Workflow Management System (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Workflow Management System (Cloud-Based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Workflow Management System (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Workflow Management System (On-Premises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Workflow Management System (On-Premises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Workflow Management System (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Workflow Management System (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Workflow Management System (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Workflow Management System (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Workflow Management System (Energy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Workflow Management System (Energy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Workflow Management System (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Workflow Management System (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Workflow Management System (IT and Telecom) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Workflow Management System (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Workflow Management System (Transportation and Logistics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Workflow Management System (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Workflow Management System (Education) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Workflow Management System (Education) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Workflow Management System (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Workflow Management System (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North America: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: North America: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Workflow Management System Market: Breakup by Country (in %), 2020
Figure 35: United States: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia-Pacific: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia-Pacific: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Asia-Pacific: Workflow Management System Market: Breakup by Country (in %), 2020
Figure 42: China: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: China: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Japan: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Japan: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South Korea: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South Korea: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Australia: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Australia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Indonesia: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Indonesia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Others: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Europe: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Europe: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Workflow Management System Market: Breakup by Country (in %), 2020
Figure 59: Germany: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Germany: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: France: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: France: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: United Kingdom: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: United Kingdom: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Italy: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Italy: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Spain: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Spain: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Russia: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Russia: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Latin America: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Latin America: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Latin America: Workflow Management System Market: Breakup by Country (in %), 2020
Figure 76: Brazil: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Workflow Management System Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Workflow Management System Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Middle East and Africa: Workflow Management System Market: Breakup by Country (in %), 2020
Figure 85: Global: Workflow Management System Industry: SWOT Analysis
Figure 86: Global: Workflow Management System Industry: Value Chain Analysis
Figure 87: Global: Workflow Management System Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Workflow Management System Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Workflow Management System Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Workflow Management System Market Forecast: Breakup by Deployment Type (in Million US$), 2021-2026
Table 4: Global: Workflow Management System Market Forecast: Breakup by Vertical (in Million US$), 2021-2026
Table 5: Global: Workflow Management System Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Workflow Management System Market: Competitive Structure
Table 7: Global: Workflow Management System Market: Key Players
  • Appian Corporation
  • Bizagi (Vision Software S.A.)
  • IBM Corporation
  • Newgen Software Technologies Limited
  • Nintex Global Limited
  • Oracle Corporation
  • Pegasystems Inc.
  • Software AG
  • Xerox Corporation.

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