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The cloud workflow market size is estimated to be USD 1.75 billion in 2018 and expected to reach USD 3.85 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.1%NEW YORK, Oct. 17, 2018 /PRNewswire/ -- The increasing adoption of cloud, the rising adoption of cloud-based workflow among SMEs, and growing focus on streamlining workflow and business processes is expected to drive the growth of the cloud workflow market. APAC is expected to grow at the highest CAGR during the forecast period, due to the increasing adoption of new technologies, rising investments for digital transformation, and growing Gross Domestic Products (GDPs) in APAC countries.Major APAC countries, such as Australia, Singapore, China, and Japan, are rapidly investing in technology transformation. The region is expected to experience extensive growth opportunities during the forecast period.Untapped potential markets, high penetration of advanced technologies, and application development in various verticals are expected to drive the cloud workflow market growth during the forecast period. The increasing adoption of cloud computing among enterprises, coupled with the rising competition, is expected to drive the market in APAC. The break-up profiles of the primary participants are given below: • By Company: Tier 1 (38%), Tier 2 (41%), and Tier 3 (21%) • By Designation: Director Level (28%), C-Level (40%), and Others (32%) • By Region: North America (33%), APAC (32%), Europe (22%), and RoW (13%) The following key cloud workflow vendors are profiled in the report: SAP (Germany), IBM (US), Appian (US), Pegasystems (US), Micro Focus (UK), Microsoft (US), Ricoh (US), Nintex (US), PNMsoft (England), TrackVia (US), Flokzu (Uruguay), Bitrix (US), Zoho (US), Decisions (US), K2 (US), BP Logix (US), KISSFLOW (India), VIAVI Solutions (US), Cflow (India), Integrify (US), ProcessMaker (US), Process Street (US), Zapier (US), Accelo (US), and bpm'online (US). Research Coverage MarketsandMarkets segments the cloud workflow market based on types, business workflows, organization size, verticals, and regions.A detailed analysis of regions has been carried out to provide insights into the potential business opportunities across regions. In addition to this, the strength of the services portfolio and business excellence strategies of key players are some of the important analyses included in the report. Reasons to Buy the Report The report would help leaders/new entrants in the cloud workflow market in the following ways: • The report comprehensively segments the cloud workflow market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions. • The report helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities. • The report helps stakeholders understand the strategies of their competitors and gain more insights to better their positions in the market. Read the full report: https://www.reportlinker.com/p05593701 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |