Market Overview:
The global process documentation tools market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for process documentation tools from SMEs and large enterprises across the globe. Additionally, the growing trend of cloud-based process documentation tools is also contributing to the growth of this market. However, lack of awareness about benefits offered by process documentation tools may restrain the growth of this market during the forecast period.
Product Definition:
Process Documentation Tools are used to create and manage process documentation. They help ensure that all relevant information is captured, and that the documentation is accurate and up-to-date. Process Documentation Tools are important because they help organizations improve their processes and achieve better results.
Cloud Based:
Cloud-based solutions are becoming popular in the process documentation tools market. The major factor responsible for this shift is cost benefits offered by these platforms. In addition, cloud-based platforms offer a higher level of data security as compared to their counterparts which makes them more desirable for large enterprises and organizations with critical processes.
The global cloud based process documentation tools market size was valued at USD 1,534 million in 2015.
On-premises:
On-premises is a term used for computer software and hardware installed at the customer's site. It can be used synonymously with the terms client or server, however it specifically refers to the computers/servers which are present in the on-premises data center of an organization. On-premise process documentation tools are mainly utilized by companies who wish to protect their confidential information such as product designs, pricing & strategies and other strategic information from being accessed by competitors.
Application Insights:
The software is used by SMEs for process documentation and tracking. The segment accounted for the largest market share in 2017, as it helps in maintaining a process library, which includes a set of processes followed by an organization. It also provides real-time collaboration features enabling teams to access their respective processes from remote locations.
Large enterprises are using these tools to manage complex business processes and document them across various departments within the organization. These solutions help large organizations in streamlining their operations through improved communication and collaboration between different departments within an enterprise. They also provide analytics capabilities enabling organizations to understand patterns related to their business processes so that they can improve them over time based on learnings derived from past experiences with similar activities or transactions performed during a specific period of time or pertaining to a particular industry vertical or category of products/services offered by the company under study¢â‚¬â„¢s portfolio (processes).
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to the increasing adoption of cloud-based solutions by enterprises and governments for process documentation across various departments including accounting, IT, procurement and human resource. Moreover, growing awareness regarding employee engagement is also driving the demand for tools that enable effective communication within organizations thereby fueling regional growth.
The Asia Pacific region accounted for a revenue share of over 20% in 2017 owing to an increase in investments made by prominent players towards developing innovative solutions catering to SMEs as well as large enterprises operating across multiple industries. In addition, continuous digitalization has led to increased usage of enterprise resource planning (ERP) software along with other related applications thus boosting market growth over the forecast period.
Growth Factors:
- Increasing demand for Process Documentation Tools from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of process documentation.
- The increasing trend of using process documentation tools for regulatory compliance and quality management purposes.
- The growing popularity of process documentation tools among business professionals as a way to improve operational efficiency and effectiveness.
- The increasing demand for cloud-based process documentation tools due to their ease of use and affordability.
Scope Of The Report
Report Attributes
Report Details
Report Title
Process Documentation Tools Market Research Report
By Type
Cloud Based, On-premises
By Application
SMEs, Large Enterprises
By Companies
Bit.ai, Pellio, Atlassian Confluence, Lucidchart, Heflo, Stepshot, Trello, Podio, Basecamp, Wrike, Eversign, Integrify, Google, Evernote, Microsoft
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Process Documentation Tools Market Report Segments:
The global Process Documentation Tools market is segmented on the basis of:
Types
Cloud Based, On-premises
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
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:
- Bit.ai
- Pellio
- Atlassian Confluence
- Lucidchart
- Heflo
- Stepshot
- Trello
- Podio
- Basecamp
- Wrike
- Eversign
- Integrify
- Google
- Evernote
- Microsoft
Highlights of The Process Documentation Tools 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:
- Cloud Based
- On-premises
- By Application:
- SMEs
- Large Enterprises
- 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 Process Documentation Tools 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
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- Product & Brand 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
Frequently Asked Questions?
Process documentation tools are software programs that help organizations document the steps taken to complete a task or process. This can include everything from creating flow charts and diagrams to recording notes and taking photos.
Some of the major companies in the process documentation tools market are Bit.ai, Pellio, Atlassian Confluence, Lucidchart, Heflo, Stepshot, Trello, Podio, Basecamp, Wrike, Eversign, Integrify, Google, Evernote, Microsoft.
The process documentation tools market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Process Documentation Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Process Documentation Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Process Documentation Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Process Documentation Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Process Documentation Tools Market Size & Forecast, 2018-2028
4.5.1 Process Documentation Tools Market Size and Y-o-Y Growth
4.5.2 Process Documentation Tools Market Absolute $ Opportunity
Chapter 5 Global Process Documentation Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Process Documentation Tools Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Process Documentation Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Process Documentation Tools Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Process Documentation Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Process Documentation Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Process Documentation Tools Analysis and Forecast
9.1 Introduction
9.2 North America Process Documentation Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Process Documentation Tools Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Process Documentation Tools Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Process Documentation Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Process Documentation Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Process Documentation Tools Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Process Documentation Tools Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Process Documentation Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Process Documentation Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Process Documentation Tools Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Process Documentation Tools Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Process Documentation Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Process Documentation Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Process Documentation Tools Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Process Documentation Tools Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Process Documentation Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Process Documentation Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Process Documentation Tools Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Process Documentation Tools Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Process Documentation Tools Market: Competitive Dashboard
14.2 Global Process Documentation Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bit.ai
14.3.2 Pellio
14.3.3 Atlassian Confluence
14.3.4 Lucidchart
14.3.5 Heflo
14.3.6 Stepshot
14.3.7 Trello
14.3.8 Podio
14.3.9 Basecamp
14.3.10 Wrike
14.3.11 Eversign
14.3.12 Integrify
14.3.13 Google
14.3.14 Evernote
14.3.15 Microsoft
