Global Enterprise Workflow Automation Software Market by Type (On-Premise, Cloud-Based), By Application (SMEs, Large Enterprises, Other Users) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global enterprise workflow automation software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based enterprise workflow automation software and the growing need for streamlining business processes across organizations of all sizes. On-premise enterprise workflow automation software held a larger share of the market in 2017, owing to its advantages such as low implementation and maintenance costs, better security and control over data, and faster deployment times as compared to cloud-based solutions. However, cloud-based solutions are expected to witness higher growth rates during the forecast period due to their lower TCO (total cost of ownership) and easy scalability. SMEs are expected to account for a larger share of the global enterprise workflow automation software market in 2018 due to their growing need for automating business processes in order reduce operating costs and improve efficiency.



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Product Definition:

Enterprise Workflow Automation Software is a software that enables businesses to automate their workflows. It allows businesses to manage and monitor their workflows in a more efficient manner. Additionally, it helps to improve communication between employees and reduces the chances of human error. Overall, Enterprise Workflow Automation Software can help businesses run more smoothly and efficiently.

On-Premise:

On-premise software is a type of cloud computing that involves the installation of components on computers present within the organization. The software is installed and run from the organization's premises, and hence it is also known as "on-premises". On-premise solutions are often preferred by large organizations as they have substantial capital to invest in IT infrastructure.

Cloud-Based:

Cloud-based software is a type of Software as a Service (SaaS) that delivers software over the internet. It is an approach to distribute processing and storage functions among various servers connected through the network. The cloud-based workflow automation software uses SaaS technology, which provides remote access to data from any location via web interface.

Advantages of Cloud Based Workflow Automation Software: It reduces operational costs by eliminating hardware.

Application Insights:

The software is used across different application areas such as supply chain, manufacturing, healthcare, BFSI and others. The banking, financial services and insurance (BFSI) segment accounted for a significant market share in 2017. This can be attributed to the increasing adoption of enterprise workflow automation solutions by large enterprises to automate business processes and offer a consistent user experience across departments within an organization.

The other users segment includes non-profit organizations as well as government agencies that require end-to-end traceability for regulatory compliance purposes or need robust record keeping capabilities for auditing & reporting purposes. Other applications include human resources (HR), legal & compliance, public sector etc.

Regional Analysis:

The North American region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to the presence of a large number of enterprises, which are early adopters of advanced technologies. Furthermore, increasing demand for automation solutions that enable organizations to achieve higher levels of efficiency and effectiveness is driving regional growth.

The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increased focus on improving business processes within various organizations in order to reduce costs and improve productivity as well as innovation across all industry verticals including BFSI, manufacturing, IT & telecom among others. Increasing adoption by SMEs along with cloud-based EaaS offering by vendors such as IBM Corporation; CA Technologies; Salesforce CRM; Microsoft Corporation.; Oracle Corporation.; Google LLC., among others will drive regional demand further.

Growth Factors:

Increased demand for automation in the workplace to improve efficiency and productivity
Growing number of small and medium businesses (SMBs) that are looking to automate their workflows in order to keep up with larger enterprises
The increasing popularity of cloud-based solutions, which makes workflow automation more accessible and affordable for businesses of all sizes
Advances in artificial intelligence (AI) and machine learning that are making workflow automation smarter and more efficient
The rise of digital transformation initiatives within organizations, which is driving the need for better process automation tools


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Scope Of The Report
Report Attributes
Report Details
Report Title
Enterprise Workflow Automation Software Market Research Report
By Type
On-Premise, Cloud-Based
By Application
SMEs, Large Enterprises, Other Users
By Companies
IBM, Salesforce, ZOHO, KiSSFLOW, Nintex, Zapier, Serena Business Manager, ProcessMaker, ProWorkflow, dapulse, Comindware Tracker, TRACKVIA, CANEA Workflow, Process Street, Flokzu, Cflow, Intellimas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.

Global Enterprise Workflow Automation Software Market Report Segments:
The global Enterprise Workflow Automation Software market is segmented on the basis of:
Types
On-Premise, Cloud-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises, Other Users
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
IBM
Salesforce
ZOHO
KiSSFLOW
Nintex
Zapier
Serena Business Manager
ProcessMaker
ProWorkflow
dapulse
Comindware Tracker
TRACKVIA
CANEA Workflow
Process Street
Flokzu
Cflow
Intellimas



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Highlights of The Enterprise Workflow Automation Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On-Premise
Cloud-Based
By Application:
SMEs
Large Enterprises
Other Users
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Enterprise Workflow Automation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
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Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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