Workflow Management System Market Outlook, Trends, Industry Size, Demand and Growth Drivers 2021-2026

According to IMARC Group’s latest report, titled “Workflow Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global workflow management system market grew at a CAGR of around 21% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026. A workflow management system (WMS) refers to a software tool that generally assists businesses in streamlining routine activities. It helps the organization track uncompleted tasks and provides an overview of the workflow, along with the performance metrics of individuals. It also consists of performance-based tools that help the corporate management, workers, front-line supervisors, and managers in effective decision-making.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The global workflow management system market is primarily driven by rapid digitization across the corporate segment. This is supported by the widespread adoption of advanced solutions to streamline various tasks and enhance overall efficiency. Also, the rapid outbreak of the coronavirus disease (COVID-19) pandemic has encouraged numerous organizations to adapt work-from-home models, thereby contributing to the market growth further. Along with this, continual technological advancements, including the increasing integration of cloud-based technology with the workflow management system, are creating a positive outlook for the market. Furthermore, the penetration of high-speed internet connectivity and extensive research and development (R&D) activities conducted by key players are providing a boost to the market growth.

Competitive Landscape With Key Players:

The competitive landscape of the workflow management system market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Appian Corporation
  • Bizagi (Vision Software S.A.)
  • IBM Corporation
  • Newgen Software Technologies Limited
  • Nintex Global Limited
  • Oracle Corporation
  • Pegasystems Inc.
  • Software AG
  • Xerox Corporation

Key Market Segmentation:

The report has segmented the global workflow management system market on the basis of component, deployment type, vertical and region.

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
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://bit.ly/3KJveWk

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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