Workflow Management System Market Trends p

Workflow
Management System Market Trends, Competitiveness & Forecasts to 2021

In-depth study on Workflow Management System Market by MarketsandMarkets™ provides broad analysis on the
basis of growth, applications and key players which is useful for better
decision making.

According to a new
market research report "Workflow Management System Market by Component
(Software, Services), Software (Production, Messaging-Based, Web-Based,
Suite-Based), Services, Deployment Type, Industry Verticals, and Region -
Global Forecast to 2021" published by
MarketsandMarkets™,
the Workflow Management System Market estimated to grow from USD 3.51 Billion
in 2016 to USD 9.87 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of
23.0%.      

Browse in-depth TOC on “Workflow
Management System Market”

66- Tables

55- Figures

161- Pages

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The major forces driving this market include
increased focus on streamlining business processes, achieving cost efficiency
through workflow management, and increased access to information. The workflow
management system software and services are used across diverse industrial
verticals, such as government; legal sector; Banking, Financial Services, and
Insurance (BFSI); public sector; healthcare; energy & utilities; retail; IT
& telecom; travel & hospitality; transportation & logistics;
education; and other industries, such as life sciences and communications &
media.

Production workflow systems is estimated to hold the
largest market size in the workflow management system software market in 2016

Production workflow systems are gaining traction
among workflow management software as these systems support various functions
and features that allow superior customization of business processes. These
systems run in a broad range of computing environment and network.

Cloud deployment type is expected to be the largest
contributor in the Workflow Management System Market during the forecast period

The cloud deployment model is fast becoming an
attractive option for the delivery of workflow management system, as it enables
organizations to decrease the cost associated with IT infrastructure and its
maintenance. Furthermore, cloud deployment is a major business driver for the workflow
management market, as it empowers organizations to increase their businesses by
offering workflow management system software to distributed enterprises spread
across the world.

The North American region is expected to contribute
to the maximum market share to the overall Workflow Management System Market

The high adoption of cloud technology in North
America, particularly in the U.S. and Canada, is the major reason for the
continuous adoption of workflow management software and services by the end users.
Furthermore, the market is in the emerging stage in the regions of Asia-Pacific
(APAC), Latin America, and Middle East & Africa (MEA), owing to the
increased focus on digital transformation initiatives and increase in IT
investment.

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The major vendors in the Workflow Management System Market include Pegasystems
Inc. (U.S.), Software AG (Germany), IBM Corporation (U.S.), Oracle Corporation
(U.S.), and Xerox Corporation (U.S.).

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