DUBLIN, Dec. 10, 2021 /PRNewswire/ -- The "Workflow Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
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.
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:
Key Topics Covered: 1 Preface2 Scope and Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Workflow Management System Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast6 Market Breakup by Component6.1 Software6.1.1 Market Trends6.1.2 Market Forecast6.2 Services6.2.1 Market Trends6.2.2 Market Forecast7 Market Breakup by Deployment Type7.1 Cloud-Based7.1.1 Market Trends7.1.2 Market Forecast7.2 On-Premises7.2.1 Market Trends7.2.2 Market Forecast8 Market Breakup by Vertical8.1 BFSI8.1.1 Market Trends8.1.2 Market Forecast8.2 Healthcare8.2.1 Market Trends8.2.2 Market Forecast8.3 Energy8.3.1 Market Trends8.3.2 Market Forecast8.4 Retail8.4.1 Market Trends8.4.2 Market Forecast8.5 IT and Telecom8.5.1 Market Trends8.5.2 Market Forecast8.6 Transportation and Logistics8.6.1 Market Trends8.6.2 Market Forecast8.7 Education8.7.1 Market Trends8.7.2 Market Forecast8.8 Others8.8.1 Market Trends8.8.2 Market Forecast9 Market Breakup by Region
10 SWOT Analysis11 Value Chain Analysis12 Porters Five Forces Analysis
13 Price Analysis14 Competitive Landscape14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players14.3.1 Appian Corporation22.214.171.124 Company Overview126.96.36.199 Product Portfolio188.8.131.52 Financials14.3.2 Bizagi (Vision Software S.A.)184.108.40.206 Company Overview220.127.116.11 Product Portfolio18.104.22.168 Financials14.3.3 IBM Corporation22.214.171.124 Company Overview126.96.36.199 Product Portfolio188.8.131.52 Financials184.108.40.206 SWOT Analysis14.3.4 Newgen Software Technologies Limited220.127.116.11 Company Overview18.104.22.168 Product Portfolio22.214.171.124 Financials14.3.5 Nintex Global Limited126.96.36.199 Company Overview188.8.131.52 Product Portfolio184.108.40.206 Financials14.3.6 Oracle Corporation220.127.116.11 Company Overview18.104.22.168 Product Portfolio22.214.171.124 Financials126.96.36.199 SWOT Analysis14.3.7 Pegasystems Inc.188.8.131.52 Company Overview184.108.40.206 Product Portfolio220.127.116.11 Financials18.104.22.168 SWOT Analysis14.3.8 Software AG22.214.171.124 Company Overview126.96.36.199 Product Portfolio188.8.131.52 Financials14.3.9 Xerox Corporation184.108.40.206 Company Overview220.127.116.11 Product Portfolio18.104.22.168 Financials22.214.171.124 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/cox94v
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