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Published: Nov, 2019 | Pages:
110 | Publisher: Grand View Research
Industry: Telecommunications | Report Format: Electronic (PDF)
The global workflow management system market size is expected to reach USD 24.8 billion by 2025 and is anticipated to exhibit a CAGR of 27.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. Workflow management systems (WFMS) facilitate seamless and automated execution of workflows. It permits the users to model and define workflows, set their budget limitations and deadlines, and decide the environments in which they are supposed to be executed. The systems then proceed with the evaluation of these inputs and implement them within the predefined constraints. These systems are majorly focused on automating document-driven business processes and ultimately improving efficiency. Workflow management systems are increasingly being deployed across different industry verticals, including BFSI, healthcare, retail, IT & telecom, and transportation. Technological advancements in the BFSI industry is contributing to the growth of the market. The workflow management software and services help in reducing the efforts of manually entering the data and managing the business processes. Moreover, enhanced concentration on streamlining of business processes is another major factor contributing to the growth of the market. Streamlining of business processes helps in improving the efficiency of business processes along with better utilization of resources. Appian; IBM Corporation; Bizagi; Nintex Global Limited; Newgen Software Technologies Limited; Oracle Corporation; Pegasystems Inc.; Software AG; SourceCode Technology Holdings, Inc.; and Xerox Corporation happen to be the leading players in the market. An increasing number of companies are coming up with innovative solutions to streamline the business processes and offer everything on one single platform. For instance, in September 2019, Zoho One, an India-based cloud computing company, launched a new workflow management application. The application allows customers to manage, create, and enhance their business processes with the help of an intuitive interface. The newer version of Zoho One is devised to offer organizations all, on a unified technology platform, right from sales and marketing, operations and business intelligence, finance and HR, and more. Companies need to experiment with the potential of these solutions and optimize workflow management software solutions accordingly to gain a competitive edge. Implementation costs happen to be a major restraining factor in the growth of the market. However, growing concerns for privacy and data security across enterprises is another major factor responsible for restraining the market growth. Also, reduced operating flexibility and difficulty in the integration of newer technologies with the outdated hardware is further responsible for restricting the market growth. Further key findings from the report suggest: • The software component segment dominated the market in 2018 with more than 65.0% market share and is projected to continue to dominate the market by 2025 • The consulting services segment dominated the market and accounted for more than 39.0% of market share in 2018 and is anticipated to grow at the highest CAGR over the forecast period • The cloud deployment segment dominated the market in 2018 with more than 66.0% market share and is anticipated to grow at the highest CAGR of over the forecast period • North America accounted for the largest share of over 48.0% in 2018. On the other hand, Asia Pacific is anticipated to expand at the highest CAGR over the forecast period.
Table of Contents
Chapter 1 Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Methodology
1.3.1. Information Procurement
1.3.2. Purchased Database
1.3.3. GVR's internal database
1.3.4. Secondary sources & third-party perspectives
1.3.5. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Model
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.7. List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Global Workflow Management System Market
2.2.1 Workflow management system market size & forecasts, 2015 - 2025 (USD Million)
2.2.2 Component Segment Trends
2.2.2.1 Workflow management system market, by component, 2015 -2025, USD Million
2.2.3 Software Segment Trends
2.2.3.1 Workflow management system market, by software, 2015 - 2025 (USD Million)
2.2.4 Service Segment Trends
2.2.4.1 Workflow management system market, by service, 2015 - 2025 (USD Million)
2.2.5 Deployment Segment Trends
2.2.5.1 Workflow management system market, by deployment, 2015 - 2025 (USD Million)
2.2.6 Vertical Trends
2.2.6.1 Workflow management system market, by vertical, 2015 - 2025 (USD Million)
2.2.7 Regional Segment Trends
2.2.7.1 Workflow management system market, by region, 2015 - 2025 (USD Million)
Chapter 3 Workflow Management System Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Workflow Management System - Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Driver analysis
3.3.1.1 Increasing focus on streamlining of business processes
3.3.1.2 Achieving cost-efficiency through workflow management
3.3.2 Market challenge analysis
3.3.2.1 High implementation costs
3.4 Penetration and Growth Prospect Mapping
3.5 Industry Analysis Tool
3.5.1 Porter's Five Forces analysis
3.5.2 Workflow Management System market - PEST analysis
Chapter 4 Workflow Management System Market: Competitive Analysis
4.1 Major Deals and Strategic Alliances, 2014 - 2018
4.2 Key Company Ranking Analysis, 2018
Chapter 5 Workflow Management System Market: Component Estimates & Trends Analysis
5.1 Component Market Analysis & Market Share, 2018 & 2025
5.2 Software
5.2.1 Global software market, by region, 2015 - 2025 (USD Million)
5.3 Service
5.3.1 Global service market, by region, 2015 - 2025 (USD Million)
Chapter 6 Workflow Management System Market: Software Estimates & Trends Analysis
6.1 Software Market Analysis & Market Share, 2018 & 2025
6.2 Production Workflow Systems
6.2.1 Global production workflow systems market, by region, 2015 - 2025 (USD Million)
6.3 Messaging-based Workflow Systems
6.3.1 Global messaging-based workflow market, by region, 2015 - 2025 (USD Million)
6.4 Web-based Workflow Systems
6.4.1 Global web-based workflow market, by region 2015 - 2025 (USD Million)
6.5 Suite-based Workflow Systems
6.5.1 Global suite-based workflow market, by region 2015 - 2025 (USD Million)
6.6 Others
6.6.1 Global others market, by region 2015 - 2025 (USD Million)
Chapter 7 Workflow Management System Market: Service Estimates & Trends Analysis
7.1 Service Market Analysis & Market Share, 2018 & 2025
7.2 Consulting
7.2.1 Global consulting market, by region, 2015 - 2025 (USD Million)
7.3 Integration
7.3.1 Global integration market, by region, 2015 - 2025 (USD Million)
7.4 Training and Development
7.4.1 Global training and development market, by region, 2015 - 2025 (USD Million)
Chapter 8 Workflow Management System Market: Deployment Estimates & Trends Analysis
8.1 Deployment Market Analysis & Market Share, 2018 & 2025
8.2 Cloud
8.2.1 Global cloud market, by region, 2015 - 2025 (USD Million)
8.3 On-Premise
8.3.1 Global on-premise market, by region, 2015 - 2025 (USD Million)
Chapter 9 Workflow Management System Market: Vertical Estimates & Trends Analysis
9.1 Vertical Market Analysis & Market Share, 2018 & 2025
9.2 BFSI
9.2.1 Global BFSI market, by region, 2015 - 2025 (USD Million)
9.3 Healthcare
9.3.1 Global on-premise market, by region, 2015 - 2025 (USD Million)
9.4 Retail
9.4.1 Global retail market, by region, 2015 - 2025 (USD Million)
9.5 IT & Telecom
9.5.1 Global IT & telecom market, by region, 2015 - 2025 (USD Million)
9.6 Transportation
9.6.1 Global transportation market, by region, 2015 - 2025 (USD Million)
9.7 Others
9.7.1 Global others market, by region, 2015 - 2025 (USD Million)
Chapter 10 Workflow Management System Market: Region Estimates & Trends Analysis
10.1 Regional Market Analysis & Market Share, 2018 & 2025
10.2 North America
10.2.1 North America workflow management system market, by component, 2015 - 2025 (USD Million)
10.2.2 North America workflow management system market, by software, 2015 - 2025 (USD Million)
10.2.3 North America workflow management system market, by service, 2015 - 2025 (USD Million)
10.2.4 North America workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.2.5 North America workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.2.6 U.S.
10.2.6.1 U.S. workflow management system market, by component, 2015 - 2025 (USD Million)
10.2.6.2 U.S. workflow management system market, by software, 2015 - 2025 (USD Million)
10.2.6.3 U.S. workflow management system market, by service, 2015 - 2025 (USD Million)
10.2.6.4 U.S. workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.2.6.5 U.S. workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.2.7 Canada
10.2.7.1 Canada workflow management system market, by component, 2015 - 2025 (USD Million)
10.2.7.2 Canada workflow management system market, by software, 2015 - 2025 (USD Million)
10.2.7.3 Canada workflow management system market, by service, 2015 - 2025 (USD Million)
10.2.7.4 Canada workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.2.7.5 Canada workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.3 Europe
10.3.1 Europe workflow management system market, by component, 2015 - 2025 (USD Million)
10.3.2 Europe workflow management system market, by software, 2015 - 2025 (USD Million)
10.3.3 Europe workflow management system market, by service, 2015 - 2025 (USD Million)
10.3.4 Europe workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.3.5 Europe workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.3.6 U.K.
10.3.6.1 U.K. workflow management system market, by component, 2015 - 2025 (USD Million)
10.3.6.2 U.K. workflow management system market, by software, 2015 - 2025 (USD Million)
10.3.6.3 U.K. workflow management system market, by service, 2015 - 2025 (USD Million)
10.3.6.4 U.K. workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.3.6.5 U.K. workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.3.7 Germany
10.3.7.1 Germany workflow management system market, by component, 2015 - 2025 (USD Million)
10.3.7.2 Germany workflow management system market, by software, 2015 - 2025 (USD Million)
10.3.7.3 Germany workflow management system market, by service, 2015 - 2025 (USD Million)
10.3.7.4 Germany workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.3.7.5 Germany workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.4 Asia Pacific
10.4.1 Asia Pacific workflow management system market, by component, 2015 - 2025 (USD Million)
10.4.2 Asia Pacific workflow management system market, by software, 2015 - 2025 (USD Million)
10.4.3 Asia Pacific workflow management system market, by service, 2015 - 2025 (USD Million)
10.4.4 Asia Pacific workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.4.5 Asia Pacific workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.4.6 China
10.4.6.1 China workflow management system market, by component, 2015 - 2025 (USD Million)
10.4.6.2 China workflow management system market, by software, 2015 - 2025 (USD Million)
10.4.6.3 China workflow management system market, by service, 2015 - 2025 (USD Million)
10.4.6.4 China workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.4.6.5 China workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.4.7 India
10.4.7.1 India workflow management system market, by component, 2015 - 2025 (USD Million)
10.4.7.2 India workflow management system market, by software, 2015 - 2025 (USD Million)
10.4.7.3 India workflow management system market, by service, 2015 - 2025 (USD Million)
10.4.7.4 India workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.4.7.5 India workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.4.8 Japan
10.4.8.1 Japan workflow management system market, by component, 2015 - 2025 (USD Million)
10.4.8.2 Japan workflow management system market, by software, 2015 - 2025 (USD Million)
10.4.8.3 Japan workflow management system market, by service, 2015 - 2025 (USD Million)
10.4.8.4 Japan workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.4.8.5 Japan workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.5 Latin America
10.5.1 Latin America workflow management system market, by component, 2015 - 2025 (USD Million)
10.5.2 Latin America workflow management system market, by software, 2015 - 2025 (USD Million)
10.5.3 Latin America workflow management system market, by service, 2015 - 2025 (USD Million)
10.5.4 Latin America workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.5.5 Latin America workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.5.6 Brazil
10.5.6.1 Brazil workflow management system market, by component, 2015 - 2025 (USD Million)
10.5.6.2 Brazil workflow management system market, by software, 2015 - 2025 (USD Million)
10.5.6.3 Brazil workflow management system market, by service, 2015 - 2025 (USD Million)
10.5.6.4 Brazil workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.5.6.5 Brazil workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.5.7 Mexico
10.5.7.1 Mexico workflow management system market, by component, 2015 - 2025 (USD Million)
10.5.7.2 Mexico workflow management system market, by software, 2015 - 2025 (USD Million)
10.5.7.3 Mexico workflow management system market, by service, 2015 - 2025 (USD Million)
10.5.7.4 Mexico workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.5.7.5 Mexico workflow management system market, by vertical, 2015 - 2025 (USD Million)
10.6 Middle East & Africa
10.6.1 Middle East & Africa workflow management system market, by component, 2015 - 2025 (USD Million)
10.6.2 Middle East & Africa workflow management system market, by software, 2015 - 2025 (USD Million)
10.6.3 Middle East & Africa workflow management system market, by service, 2015 - 2025 (USD Million)
10.6.4 Middle East & Africa workflow management system market, by deployment, 2015 - 2025 (USD Million)
10.6.5 Middle East & Africa workflow management system market, by vertical, 2015 - 2025 (USD Million)
Chapter 11 Company Profiles
11.1 Appian
11.1.1 Company overview
11.1.2 Financial performance
11.1.3 Product benchmarking
11.1.4 strategic initiatives
11.2 Bizagi
11.2.1 Company overview
11.2.2 Financial performance
11.2.3 Product benchmarking
11.2.4 strategic initiatives
11.3 IBM
11.3.1 Company overview
11.3.2 Financial performance
11.3.3 Product benchmarking
11.4 Newgen Software Technologies Limited
11.4.1 Company overview
11.4.2 Financial performance
11.4.3 Product benchmarking
11.4.4 strategic initiatives
11.5 Nintex UK Limited
11.5.1 Company overview
11.5.2 Financial performance
11.5.3 Product benchmarking
11.5.4 strategic initiatives
11.6 Oracle Corporation
11.6.1 Company overview
11.6.2 Financial performance
11.6.3 Product benchmarking
11.6.4 strategic initiatives
11.7 Pegasystems Inc.
11.7.1 Company overview
11.7.2 Financial performance
11.7.3 Product benchmarking
11.7.4 strategic initiatives
11.8 Software AG
11.8.1 Company overview
11.8.2 Financial performance
11.8.3 Product benchmarking
11.9 SourceCode Technology Holdings, Inc.
11.9.1 Company overview
11.9.2 Financial performance
11.9.3 Product benchmarking
11.9.4 strategic initiatives
11.10 Xerox Corporation
11.10.1 Company overview
11.10.2 Financial performance
11.10.3 Product benchmarking
11.10.4 strategic initiatives
List of Tables Table 1 Workflow management system market, 2015 - 2025 (USD Million) Table 2 Workflow management system market, by component, 2015 - 2025 (USD Million) Table 3 Workflow management system market, by software, 2015 - 2025 (USD Million) Table 4 Workflow management system market, by service, 2015 - 2025 (USD Million) Table 5 Workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 6 Workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 7 Workflow management system market, by region, 2015 - 2025 (USD Million) Table 8 Global software market, by region, 2015 - 2025 (USD Million) Table 9 Global service market, by region 2015 - 2025 (USD Million) Table 10 Global production workflow systems market, by region, 2015 - 2025 (USD Million) Table 11 Global messaging-based workflow systems market, by region, 2015 - 2025 (USD Million) Table 12 Global web-based workflow systems market, by region, 2015 - 2025 (USD Million) Table 13 Global suite-based workflow systems market, by region, 2015 - 2025 (USD Million) Table 14 Global others market, by region, 2015 - 2025 (USD Million) Table 15 Global consulting market, by region, 2015 - 2025 (USD Million) Table 16 Global integration market, by region, 2015 - 2025 (USD Million) Table 17 Global training & development market, by region, 2015 - 2025 (USD Million) Table 18 Global cloud market, by region, 2015 - 2025 (USD Million) Table 19 Global on-premise market, by region, 2015 - 2025 (USD Million) Table 20 Global BFSI market, by region, 2015 - 2025 (USD Million) Table 21 Global healthcare market, by region, 2015 - 2025 (USD Million) Table 22 Global retail market, by region, 2015 - 2025 (USD Million) Table 23 Global IT & telecom market, by region, 2015 - 2025 (USD Million) Table 24 Global transportation market, by region, 2015 - 2025 (USD Million) Table 25 Global others market, by region, 2015 - 2025 (USD Million) Table 26 North America workflow management system market, by component, 2015 - 2025 (USD Million) Table 27 North America workflow management system market, by software, 2015 - 2025 (USD Million) Table 28 North America workflow management system market, by service, 2015 - 2025 (USD Million) Table 29 North America workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 30 North America workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 31 U.S. workflow management system market, by component, 2015 - 2025 (USD Million) Table 32 U.S. workflow management system market, by software, 2015 - 2025 (USD Million) Table 33 U.S. workflow management system market, by service, 2015 - 2025 (USD Million) Table 34 U.S. workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 35 U.S. workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 36 Canada workflow management system market, by component, 2015 - 2025 (USD Million) Table 37 Canada workflow management system market, by software, 2015 - 2025 (USD Million) Table 38 Canada workflow management system market, by service, 2015 - 2025 (USD Million) Table 39 Canada workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 40 Canada workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 41 Europe workflow management system market, by component, 2015 - 2025 (USD Million) Table 42 Europe workflow management system market, by software, 2015 - 2025 (USD Million) Table 43 Europe workflow management system market, by service, 2015 - 2025 (USD Million) Table 44 Europe workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 45 Europe workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 46 U.K. workflow management system market, by component, 2015 - 2025 (USD Million) Table 47 U.K. workflow management system market, by software, 2015 - 2025 (USD Million) Table 48 U.K. workflow management system market, by service, 2015 - 2025 (USD Million) Table 49 U.K. workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 50 U.K. workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 51 Germany workflow management system market, by component, 2015 - 2025 (USD Million) Table 52 Germany workflow management system market, by software, 2015 - 2025 (USD Million) Table 53 Germany workflow management system market, by service, 2015 - 2025 (USD Million) Table 54 Germany workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 55 Germany workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 56 Asia Pacific workflow management system market, by component, 2015 - 2025 (USD Million) Table 57 Asia Pacific workflow management system market, by software, 2015 - 2025 (USD Million) Table 58 Asia Pacific workflow management system market, by service, 2015 - 2025 (USD Million) Table 59 Asia Pacific workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 60 Asia Pacific workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 61 China workflow management system market, by component, 2015 - 2025 (USD Million) Table 62 China workflow management system market, by software, 2015 - 2025 (USD Million) Table 63 China workflow management system market, by service, 2015 - 2025 (USD Million) Table 64 China workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 65 China workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 66 India workflow management system market, by component, 2015 - 2025 (USD Million) Table 67 India workflow management system market, by software, 2015 - 2025 (USD Million) Table 68 India workflow management system market, by service, 2015 - 2025 (USD Million) Table 69 India workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 70 India workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 71 Japan workflow management system market, by component, 2015 - 2025 (USD Million) Table 72 Japan workflow management system market, by software, 2015 - 2025 (USD Million) Table 73 Japan workflow management system market, by service, 2015 - 2025 (USD Million) Table 74 Japan workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 75 Japan workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 76 Latin America workflow management system market, by component, 2015 - 2025 (USD Million) Table 77 Latin America workflow management system market, by software, 2015 - 2025 (USD Million) Table 78 Latin America workflow management system market, by service, 2015 - 2025 (USD Million) Table 79 Latin America workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 80 Latin America workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 81 Brazil workflow management system market, by component, 2015 - 2025 (USD Million) Table 82 Brazil workflow management system market, by software, 2015 - 2025 (USD Million) Table 83 Brazil workflow management system market, by service, 2015 - 2025 (USD Million) Table 84 Brazil workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 85 Brazil workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 86 Mexico workflow management system market, by component, 2015 - 2025 (USD Million) Table 87 Mexico workflow management system market, by software, 2015 - 2025 (USD Million) Table 88 Mexico workflow management system market, by service, 2015 - 2025 (USD Million) Table 89 Mexico workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 90 Mexico workflow management system market, by vertical, 2015 - 2025 (USD Million) Table 91 Middle East & Africa workflow management system market, by component, 2015 - 2025 (USD Million) Table 92 Middle East & Africa workflow management system market, by software, 2015 - 2025 (USD Million) Table 93 Middle East & Africa workflow management system market, by service, 2015 - 2025 (USD Million) Table 94 Middle East & Africa workflow management system market, by deployment, 2015 - 2025 (USD Million) Table 95 Middle East & Africa workflow management system market, by vertical, 2015 - 2025 (USD Million)
List of Figures Fig. 1 Market research process Fig. 2 Information procurement Fig. 3 Market snapshot Fig. 4 Workflow Management System Market, 2015 - 2025 (USD Million) Fig. 5 Market segmentation & scope Fig. 6 Value chain analysis Fig. 7 Market driver analysis Fig. 8 Market challenge analysis Fig. 9 Market penetration & growth prospect mapping Fig. 10 Porters Analysis Fig. 11 PEST Analysis Fig. 13 Key company market share, 2018 Fig. 14 Component market analysis & market share, 2018 & 2025 Fig. 15 Software market analysis & market share, 2018 & 2025 Fig. 16 Service market analysis & market share, 2018 & 2025 Fig. 17 Deployment market analysis & market share, 2018 & 2025 Fig. 18 Vertical market analysis & market share, 2018 & 2025 Fig. 19 Regional market analysis & market share, 2018 & 2025
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