Cloud Workflow Market SWOT Analysis by 2031
The Cloud Workflow Market is expected to expand at a CAGR of 18.1% from 2023 to 2031. Increasing focus on digital transformation initiatives among enterprises is likely to be a key trend in the market.
Cloud Workflow Market Analysis
- Cloud workflow automation refers to the process of employing cloud-based technology to streamline company activities. This technique automates tasks and workflows directly in the cloud, removing the need for physical infrastructure. It improves operating efficiency, minimizes human error, and ensures scalability.
- Businesses use cloud workflow automation to combine diverse systems and apps, resulting in smooth operations across several platforms. This strategy not only speeds up task completion but also assists organizations in quickly reacting to market needs. Thus, the cloud workflow market is anticipated to grow during the forecast period.
Cloud Workflow Market Overview
- Cloud workflows reliably automate repetitive operations and can transform manual procedures into web-based digital workflows, eliminating the need for paper forms and human data entry.
- Using cloud-based workflow solutions, enterprises may quickly decrease manual stages and improve workflow efficiency at a significantly lower cost.
- As manual procedures and outdated systems continue to crumble, the benefits of migrating workflows to the cloud are growing rapidly.
- Cloud workflows enable enterprises to address business demands rapidly (by scaling up/down as needed) without incurring costly upgrades. Thus, the cloud workflow market is anticipated to grow during the forecast period.
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Cloud Workflow Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cloud Workflow Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Cloud Workflow Market Drivers and Opportunities
Increasing Adoption of Cloud-Based Services
- One of the most appealing aspects of the cloud for entrepreneurs is its scalability. Businesses may rapidly grow their operations based on demand using the cloud, eliminating the need for considerable capital expenditure.
- This elasticity is especially useful for businesses with quick development. Furthermore, the pay-as-you-go approach of many cloud services ensures minimizing operational costs. Thus, with the growing adoption of cloud-based platforms, the cloud workflow market is also anticipated to grow during the forecast period.
Growing Use of Artificial Intelligence (AI) Technology
- AI cloud computing is a disruptive concept that combines AI's adaptive capacity with the vast potential of cloud infrastructure. This integration simplifies procedures and increases processing capacity.
- AI cloud computing is changing the face of software solutions, with a clear shift toward SaaS models that make sophisticated AI capabilities more accessible and scalable.
- This shift toward on-demand cloud services unlocks a world of efficiency and creative potential in artificial intelligence, allowing for improved and faster business decisions. Thus, the integration of AI in cloud workflow solutions is expected to grow during the forecast period.
Cloud Workflow Market Report Segmentation Analysis
The key segments that contributed to the derivation of the Cloud Workflow market analysis are type, business workflow, industry vertical, and enterprise size.
- By type, the market is segmented into platforms and services.
- By business workflow, the market is segmented into HR, accounting & finance, sales & marketing, customer service & support, procurement & supply chain management operations, and others.
- By industry vertical, the market is divided into BFSI, telecommunication & IT, retail & e-commerce, healthcare, government, manufacturing, and others.
- By enterprise size, the market is bifurcated into small & medium enterprises and large enterprises.
Cloud Workflow Market Share Analysis By Geography
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
- Cloud Workflow Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Cloud Workflow market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Cloud Workflow market in these regions.
Cloud Workflow Market Report Scope
Cloud Workflow Market News and Recent Developments
The cloud workflow market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Cloud workflow market are listed below:
- Nintex announced the general availability of FedRAMP®-authorized Nintex Automation Cloud for the Government! Nintex has received authorization at the Moderate security impact level from the Federal Risk and Authorization Management Program (FedRAMP). FedRAMP authorization ensures Nintex cloud services meet the rigorous FedRAMP security and compliance guidelines required for doing business with U.S. federal government agencies. As such, this authorization opens new opportunities for Nintex to assist U.S. state and federal government agencies and defense contractors in automating manual processes and creating low-code applications for everyday tasks. (Source: Nintex UK Ltd, Newsroom, April 2024)
- Viavi Solutions Inc. (VIAVI) announced the availability of NITRO AIOps on Google Cloud, creating an innovative solution that leverages VIAVI's cutting-edge network analytics solutions and Google Cloud's native service capabilities. The collaboration aims to address critical challenges faced by Communication Service Providers (CSPs) and unlock new opportunities for network intelligence and optimization. (Source: VIAVI Solutions Inc., News Releases, September 2023)
Cloud Workflow Market Report Coverage & Deliverables
The Cloud Workflow market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Cloud Workflow Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Cloud Workflow market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cloud Workflow market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Cloud Workflow market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Cloud Workflow market
- Detailed company profiles.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global Cloud Workflow market is estimated to grow at a CAGR of 18.1% during 2023 - 2031.
Increasing focus on digital transformation initiatives among enterprises is a key trend in the market.
Appian, BP Logix, Inc., IBM Corporation, Kissflow Inc., Microsoft Corporation, Nintex Global Ltd., Pegasystems Inc., PNMsoft Ltd. (Genpact), SAP SE, and VIAVI Solutions Inc. are the major market players.
Some of the customization options available based on the request are additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Increasing adoption of cloud-based services and growing focus on streamlining business processes and workflows are the major factors that drive the global Cloud Workflow market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cloud Workflow Market - By Component
1.3.2 Cloud Workflow Market - By Enterprise Size
1.3.3 Cloud Workflow Market - By Business Workflow
1.3.4 Cloud Workflow Market - By Industry Vertical
1.3.5 Cloud Workflow Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CLOUD WORKFLOW MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CLOUD WORKFLOW MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CLOUD WORKFLOW MARKET - GLOBAL MARKET ANALYSIS
6.1. CLOUD WORKFLOW - GLOBAL MARKET OVERVIEW
6.2. CLOUD WORKFLOW - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CLOUD WORKFLOW MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. PLATFORM
7.3.1. Overview
7.3.2. Platform Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. CLOUD WORKFLOW MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. LARGE ENTERPRISES
8.3.1. Overview
8.3.2. Large Enterprises Market Forecast and Analysis
8.4. SMES
8.4.1. Overview
8.4.2. SMEs Market Forecast and Analysis
9. CLOUD WORKFLOW MARKET - REVENUE AND FORECASTS TO 2028 - BUSINESS WORKFLOW
9.1. OVERVIEW
9.2. BUSINESS WORKFLOW MARKET FORECASTS AND ANALYSIS
9.3. HUMAN RESOURCES
9.3.1. Overview
9.3.2. Human Resources Market Forecast and Analysis
9.4. ACCOUNTING AND FINANCE
9.4.1. Overview
9.4.2. Accounting and Finance Market Forecast and Analysis
9.5. SALES AND MARKETING
9.5.1. Overview
9.5.2. Sales and Marketing Market Forecast and Analysis
9.6. OPERATIONS
9.6.1. Overview
9.6.2. Operations Market Forecast and Analysis
9.7. CUSTOMER SERVICE AND SUPPORT
9.7.1. Overview
9.7.2. Customer Service and Support Market Forecast and Analysis
9.8. PROCUREMENT AND SUPPLY CHAIN MANAGEMENT
9.8.1. Overview
9.8.2. Procurement and Supply Chain Management Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. CLOUD WORKFLOW MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. IT AND TELECOM
10.4.1. Overview
10.4.2. IT and Telecom Market Forecast and Analysis
10.5. RETAIL AND E-COMMERCE
10.5.1. Overview
10.5.2. Retail and e-commerce Market Forecast and Analysis
10.6. HEALTHCARE
10.6.1. Overview
10.6.2. Healthcare Market Forecast and Analysis
10.7. GOVERNMENT
10.7.1. Overview
10.7.2. Government Market Forecast and Analysis
10.8. MANUFACTURING
10.8.1. Overview
10.8.2. Manufacturing Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. CLOUD WORKFLOW MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Cloud Workflow Market Overview
11.1.2 North America Cloud Workflow Market Forecasts and Analysis
11.1.3 North America Cloud Workflow Market Forecasts and Analysis - By Component
11.1.4 North America Cloud Workflow Market Forecasts and Analysis - By Enterprise Size
11.1.5 North America Cloud Workflow Market Forecasts and Analysis - By Business Workflow
11.1.6 North America Cloud Workflow Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Cloud Workflow Market Forecasts and Analysis - By Countries
11.1.7.1 United States Cloud Workflow Market
11.1.7.1.1 United States Cloud Workflow Market by Component
11.1.7.1.2 United States Cloud Workflow Market by Enterprise Size
11.1.7.1.3 United States Cloud Workflow Market by Business Workflow
11.1.7.1.4 United States Cloud Workflow Market by Industry Vertical
11.1.7.2 Canada Cloud Workflow Market
11.1.7.2.1 Canada Cloud Workflow Market by Component
11.1.7.2.2 Canada Cloud Workflow Market by Enterprise Size
11.1.7.2.3 Canada Cloud Workflow Market by Business Workflow
11.1.7.2.4 Canada Cloud Workflow Market by Industry Vertical
11.1.7.3 Mexico Cloud Workflow Market
11.1.7.3.1 Mexico Cloud Workflow Market by Component
11.1.7.3.2 Mexico Cloud Workflow Market by Enterprise Size
11.1.7.3.3 Mexico Cloud Workflow Market by Business Workflow
11.1.7.3.4 Mexico Cloud Workflow Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Cloud Workflow Market Overview
11.2.2 Europe Cloud Workflow Market Forecasts and Analysis
11.2.3 Europe Cloud Workflow Market Forecasts and Analysis - By Component
11.2.4 Europe Cloud Workflow Market Forecasts and Analysis - By Enterprise Size
11.2.5 Europe Cloud Workflow Market Forecasts and Analysis - By Business Workflow
11.2.6 Europe Cloud Workflow Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Cloud Workflow Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Cloud Workflow Market
11.2.7.1.1 Germany Cloud Workflow Market by Component
11.2.7.1.2 Germany Cloud Workflow Market by Enterprise Size
11.2.7.1.3 Germany Cloud Workflow Market by Business Workflow
11.2.7.1.4 Germany Cloud Workflow Market by Industry Vertical
11.2.7.2 France Cloud Workflow Market
11.2.7.2.1 France Cloud Workflow Market by Component
11.2.7.2.2 France Cloud Workflow Market by Enterprise Size
11.2.7.2.3 France Cloud Workflow Market by Business Workflow
11.2.7.2.4 France Cloud Workflow Market by Industry Vertical
11.2.7.3 Italy Cloud Workflow Market
11.2.7.3.1 Italy Cloud Workflow Market by Component
11.2.7.3.2 Italy Cloud Workflow Market by Enterprise Size
11.2.7.3.3 Italy Cloud Workflow Market by Business Workflow
11.2.7.3.4 Italy Cloud Workflow Market by Industry Vertical
11.2.7.4 United Kingdom Cloud Workflow Market
11.2.7.4.1 United Kingdom Cloud Workflow Market by Component
11.2.7.4.2 United Kingdom Cloud Workflow Market by Enterprise Size
11.2.7.4.3 United Kingdom Cloud Workflow Market by Business Workflow
11.2.7.4.4 United Kingdom Cloud Workflow Market by Industry Vertical
11.2.7.5 Russia Cloud Workflow Market
11.2.7.5.1 Russia Cloud Workflow Market by Component
11.2.7.5.2 Russia Cloud Workflow Market by Enterprise Size
11.2.7.5.3 Russia Cloud Workflow Market by Business Workflow
11.2.7.5.4 Russia Cloud Workflow Market by Industry Vertical
11.2.7.6 Rest of Europe Cloud Workflow Market
11.2.7.6.1 Rest of Europe Cloud Workflow Market by Component
11.2.7.6.2 Rest of Europe Cloud Workflow Market by Enterprise Size
11.2.7.6.3 Rest of Europe Cloud Workflow Market by Business Workflow
11.2.7.6.4 Rest of Europe Cloud Workflow Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Cloud Workflow Market Overview
11.3.2 Asia-Pacific Cloud Workflow Market Forecasts and Analysis
11.3.3 Asia-Pacific Cloud Workflow Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Cloud Workflow Market Forecasts and Analysis - By Enterprise Size
11.3.5 Asia-Pacific Cloud Workflow Market Forecasts and Analysis - By Business Workflow
11.3.6 Asia-Pacific Cloud Workflow Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Cloud Workflow Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Cloud Workflow Market
11.3.7.1.1 Australia Cloud Workflow Market by Component
11.3.7.1.2 Australia Cloud Workflow Market by Enterprise Size
11.3.7.1.3 Australia Cloud Workflow Market by Business Workflow
11.3.7.1.4 Australia Cloud Workflow Market by Industry Vertical
11.3.7.2 China Cloud Workflow Market
11.3.7.2.1 China Cloud Workflow Market by Component
11.3.7.2.2 China Cloud Workflow Market by Enterprise Size
11.3.7.2.3 China Cloud Workflow Market by Business Workflow
11.3.7.2.4 China Cloud Workflow Market by Industry Vertical
11.3.7.3 India Cloud Workflow Market
11.3.7.3.1 India Cloud Workflow Market by Component
11.3.7.3.2 India Cloud Workflow Market by Enterprise Size
11.3.7.3.3 India Cloud Workflow Market by Business Workflow
11.3.7.3.4 India Cloud Workflow Market by Industry Vertical
11.3.7.4 Japan Cloud Workflow Market
11.3.7.4.1 Japan Cloud Workflow Market by Component
11.3.7.4.2 Japan Cloud Workflow Market by Enterprise Size
11.3.7.4.3 Japan Cloud Workflow Market by Business Workflow
11.3.7.4.4 Japan Cloud Workflow Market by Industry Vertical
11.3.7.5 South Korea Cloud Workflow Market
11.3.7.5.1 South Korea Cloud Workflow Market by Component
11.3.7.5.2 South Korea Cloud Workflow Market by Enterprise Size
11.3.7.5.3 South Korea Cloud Workflow Market by Business Workflow
11.3.7.5.4 South Korea Cloud Workflow Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Cloud Workflow Market
11.3.7.6.1 Rest of Asia-Pacific Cloud Workflow Market by Component
11.3.7.6.2 Rest of Asia-Pacific Cloud Workflow Market by Enterprise Size
11.3.7.6.3 Rest of Asia-Pacific Cloud Workflow Market by Business Workflow
11.3.7.6.4 Rest of Asia-Pacific Cloud Workflow Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Cloud Workflow Market Overview
11.4.2 Middle East and Africa Cloud Workflow Market Forecasts and Analysis
11.4.3 Middle East and Africa Cloud Workflow Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Cloud Workflow Market Forecasts and Analysis - By Enterprise Size
11.4.5 Middle East and Africa Cloud Workflow Market Forecasts and Analysis - By Business Workflow
11.4.6 Middle East and Africa Cloud Workflow Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Cloud Workflow Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Cloud Workflow Market
11.4.7.1.1 South Africa Cloud Workflow Market by Component
11.4.7.1.2 South Africa Cloud Workflow Market by Enterprise Size
11.4.7.1.3 South Africa Cloud Workflow Market by Business Workflow
11.4.7.1.4 South Africa Cloud Workflow Market by Industry Vertical
11.4.7.2 Saudi Arabia Cloud Workflow Market
11.4.7.2.1 Saudi Arabia Cloud Workflow Market by Component
11.4.7.2.2 Saudi Arabia Cloud Workflow Market by Enterprise Size
11.4.7.2.3 Saudi Arabia Cloud Workflow Market by Business Workflow
11.4.7.2.4 Saudi Arabia Cloud Workflow Market by Industry Vertical
11.4.7.3 U.A.E Cloud Workflow Market
11.4.7.3.1 U.A.E Cloud Workflow Market by Component
11.4.7.3.2 U.A.E Cloud Workflow Market by Enterprise Size
11.4.7.3.3 U.A.E Cloud Workflow Market by Business Workflow
11.4.7.3.4 U.A.E Cloud Workflow Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Cloud Workflow Market
11.4.7.4.1 Rest of Middle East and Africa Cloud Workflow Market by Component
11.4.7.4.2 Rest of Middle East and Africa Cloud Workflow Market by Enterprise Size
11.4.7.4.3 Rest of Middle East and Africa Cloud Workflow Market by Business Workflow
11.4.7.4.4 Rest of Middle East and Africa Cloud Workflow Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Cloud Workflow Market Overview
11.5.2 South and Central America Cloud Workflow Market Forecasts and Analysis
11.5.3 South and Central America Cloud Workflow Market Forecasts and Analysis - By Component
11.5.4 South and Central America Cloud Workflow Market Forecasts and Analysis - By Enterprise Size
11.5.5 South and Central America Cloud Workflow Market Forecasts and Analysis - By Business Workflow
11.5.6 South and Central America Cloud Workflow Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Cloud Workflow Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Cloud Workflow Market
11.5.7.1.1 Brazil Cloud Workflow Market by Component
11.5.7.1.2 Brazil Cloud Workflow Market by Enterprise Size
11.5.7.1.3 Brazil Cloud Workflow Market by Business Workflow
11.5.7.1.4 Brazil Cloud Workflow Market by Industry Vertical
11.5.7.2 Argentina Cloud Workflow Market
11.5.7.2.1 Argentina Cloud Workflow Market by Component
11.5.7.2.2 Argentina Cloud Workflow Market by Enterprise Size
11.5.7.2.3 Argentina Cloud Workflow Market by Business Workflow
11.5.7.2.4 Argentina Cloud Workflow Market by Industry Vertical
11.5.7.3 Rest of South and Central America Cloud Workflow Market
11.5.7.3.1 Rest of South and Central America Cloud Workflow Market by Component
11.5.7.3.2 Rest of South and Central America Cloud Workflow Market by Enterprise Size
11.5.7.3.3 Rest of South and Central America Cloud Workflow Market by Business Workflow
11.5.7.3.4 Rest of South and Central America Cloud Workflow Market by Industry Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CLOUD WORKFLOW MARKET, KEY COMPANY PROFILES
13.1. APPIAN
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BP LOGIX, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. IBM CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. KISSFLOW INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MICROSOFT CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NINTEX GLOBAL LTD.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PEGASYSTEMS INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. PNMSOFT LTD. (GENPACT)
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SAP SE
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VIAVI SOLUTIONS INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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