Jun 17, 2022 SOURCE: BusinessWire

Outlook on the Workflow Automation Global Market to 2027 - Integration of New Technologies with Workflow Automation Presents Opportunities - ResearchAndMarkets.com

The "Global Workflow Automation Market (2022-2027) by Offering, Process, Operation, Deployment, Organization Size, Large Enterprises and SMES, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Workflow Automation Market is estimated to be USD 13.32 Bn in 2022 and is projected to reach USD 34.75 Bn by 2027, growing at a CAGR of 21.14%.

Market dynamics are forces that impact the prices and behaviors of the Global Workflow Automation Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Workflow Automation Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Workflow Automation Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

The report offers a comprehensive evaluation of the Global Workflow Automation Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

Ease in Business Processes with the Installation of Workflow Automation Tools
Convergence of Workflow Automation with Traditional Business Processes
Focus on Streamlining Business Processes
Cost Efficiency Through Workflow Automation

Restraints

Data Insecurity Hindering the Implementation of Workflow Automation in the Financial Sector

Opportunities

Integration of New Technologies with Workflow Automation
High Demand for Workflow Automation in the Logistics Industry
Increased Focus on Digital Transformation Initiatives

Challenges

Lack of Awareness Regarding Workflow Automation
High Implementation Cost and Difficulty in Integrating New and Existing Systems Through Workflows

Market Segmentations

The Global Workflow Automation Market is segmented based on Offering, Process, Operation, Deployment, Organization Size, Large Enterprises and SMES, and Geography.

By Offering, the market is classified into Software and Services.
By Process, the market is classified into Automated Solution, Decision Support & Management Solution, and Interaction Solution.
By Operation, the market is classified into Rule Based, Knowledge Based, and Robotic Process Automation Based.
By Deployment, the market is classified into Cloud and On Premise.
By Organization Size, the market is classified into Large Enterprises and SMES.
By Large Enterprises and SMES, the market is classified into BFSI, Telecom & IT Industry, Travel, Hospitality, & Transportation Industry, Retail & Consumer Goods, Manufacturing & Logistics Industry, Healthcare & Pharmaceuticals, Energy & Utilities, Other Industries.
By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned