The global workflow management software (WMS) market generated $8.2 billion in revenue in 2023. By 2033, the market for workflow management software (WMS) is anticipated to reach US$ 97.3 billion, expanding at a CAGR of 27.0% from 2023 to 2033.
The need for WMS is anticipated to rise as there is an increasing requirement for modern technologies with virtual capabilities and as work-from-home opportunities increase. Many organizations are automating the procedures, and they are benefiting from the system through shorter lead times, a decrease in errors, improved teamwork and coordination, and more productivity.
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Key Takeaways
- By type, the standalone software segment is expected to dominate with a leading CAGR of 8%in the global demand for workflow management systems over the forecast period.
- By deployment mode, the cloud-based segment is estimated to grow by 31X during the forecast period.
- By enterprise size, the SME segment is estimated to grow by 35X during the forecast period.
- By industry, the retail segment is anticipated to increase at a CAGR of 4% between 2022 & 2032.
- By region, North America currently holds the highest market share of around 29%in workflow management system market in 2021
- South Asia & Pacific region is expected to witness the highest growth of around 3%CAGR during the forecast period.
Key Companies Profiled
- IBM
- Salesforce
- Zoho
- Atlassian
- Nintex
- Zapier
- Wrike
- Mavenlink
- ProWorkflow
- Dapulse
- Comindware Tracker
- TRACKVIA
- Asana
- Kissflow
- Integrify
- CANEA Workflow
- Process Street
- Flokz
- Cflow
- Intellimas
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Workflow Management Software Outlook by Category
By Type:
- Integrated WMS Software
- Standalone WMS Software
- Production Workflow Systems
- Messaging-based Workflow Systems
- Web-based Workflow Systems
- Suite-based Workflow Systems
- Others
By Deployment Mode:
- On-premise WMS
- Cloud-based WMS
By Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Industry:
- IT & Telecom
- BFSI
- Healthcare
- Manufacturing
- Retail
- Government
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary | Workflow Management Software (WMS) Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Types of By Pricing Model
4.1.1. Subscription Pricing Model
4.1.2. Perpetual Licensing
4.2. Average pricing analysis benchmark
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