Workflow Automation Market SWOT Analysis by 2031
The Workflow Automation Market is expected to register a CAGR of 9.17% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Workflow Automation Market Report is categorized by component into the following subsegments: Software and Services. It further presents an analysis based on process, i.e., Automated Solution, Decision Support and Management Solution, and Interaction Solution. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Workflow Automation Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Workflow Automation Market Segmentation
Component- Software
- Services
- Automated Solution
- Decision Support and Management Solution
- Interaction Solution
- Rule-Based
- Knowledge-Based
- Robotic Process Automation-Based
- Large Enterprises
- SMEs
- Large Enterprises
- SMEs
Strategic Insights
Workflow Automation Market Growth Drivers- Need for Operational Efficiency: More and more companies implement workflow automation to streamline the operational workflows in such a manner that there is less chance for errors and, hence, more efficiency.
- Transitions in Most Organizations: Workflow automation is small in value. Transitioning to cloud-based workflow automation solutions permits organizations to customize, scale and reduce their automation much more flexibly, efficiently, and effectively.
- Advances in AI and Machine Learning: Workflow automation platforms that combine AI and ML capabilities will assist businesses in automating more complex tasks and improving decision-making processes.
- Growing adoption of AI-powered workflow automation: AI and machine learning are integrated with workflow automation systems in order to generate intelligent automation so that it would adapt to the change in the business process.
- Low-code/No-code Platforms: Low-code/no-code platforms are gaining popularity so that non-technical users are empowered to build automated workflows. In a nutshell, the access to automation tools has been democratized.
- Robotic Process Automation (RPA): RPA is also increasingly gaining ground as one of the more effective methodologies to automate repetitive jobs, particularly behind the offices.
- SMB Market Penetration: Workflow automation tools have good scope in the SMB market because there is a huge market of small businesses in which an affordable solution can be much in need.
- Healthcare and Financial Services: Healthcare and finance were two of the sectors where workflow automation was in high demand to simplify internal processes for running, ensure compliance with regulatory requirements, and to provide improvements in customer services.
- Integration with Other Enterprise Software: The integration with other enterprise software offers opportunities for workflow automation tools.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Workflow Automation Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Workflow Automation Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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 market is expected to register a CAGR of 9.17% during 2023–2031.
The driving factors of the industry include operational efficiency, cloud adoption, and advancements in AI/ML.
Some of the trends are AI/ML-based automation, low-code/no-code platforms, and emergence of RPA.
The key players in the Workflow Automation market include: IBM Corporation, K2 Software Inc, Open Text Corporation, Oracle Corporation, Pegasystems Inc, Software AG, BLUE PRISM LIMITED, Tibco Software Inc, UiPath,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Workflow Automation Market - By Component
1.3.2 Workflow Automation Market - By Process
1.3.3 Workflow Automation Market - By Operation
1.3.4 Workflow Automation Market - By Organization Size
1.3.5 Workflow Automation Market - By Deployment
1.3.6 Workflow Automation Market - By Industry
1.3.7 Workflow Automation Market - By Region
1.3.7.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WORKFLOW AUTOMATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WORKFLOW AUTOMATION 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 AND RESTRAINTS
6. WORKFLOW AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
6.1. WORKFLOW AUTOMATION - GLOBAL MARKET OVERVIEW
6.2. WORKFLOW AUTOMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WORKFLOW AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. WORKFLOW AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – PROCESS
8.1. OVERVIEW
8.2. PROCESS MARKET FORECASTS AND ANALYSIS
8.3. AUTOMATED SOLUTION
8.3.1. Overview
8.3.2. Automated Solution Market Forecast and Analysis
8.4. DECISION SUPPORT AND MANAGEMENT SOLUTION
8.4.1. Overview
8.4.2. Decision Support and Management Solution Market Forecast and Analysis
8.5. INTERACTION SOLUTION
8.5.1. Overview
8.5.2. Interaction Solution Market Forecast and Analysis
9. WORKFLOW AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – OPERATION
9.1. OVERVIEW
9.2. OPERATION MARKET FORECASTS AND ANALYSIS
9.3. RULE-BASED
9.3.1. Overview
9.3.2. Rule-Based Market Forecast and Analysis
9.4. KNOWLEDGE-BASED
9.4.1. Overview
9.4.2. Knowledge-Based Market Forecast and Analysis
9.5. ROBOTIC PROCESS AUTOMATION-BASED
9.5.1. Overview
9.5.2. Robotic Process Automation-Based Market Forecast and Analysis
10. WORKFLOW AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – ORGANIZATION SIZE
10.1. OVERVIEW
10.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
10.3. LARGE ENTERPRISES
10.3.1. Overview
10.3.2. Large Enterprises Market Forecast and Analysis
10.4. SMES
10.4.1. Overview
10.4.2. SMEs Market Forecast and Analysis
11. WORKFLOW AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – DEPLOYMENT
11.1. OVERVIEW
11.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
11.3. CLOUD
11.3.1. Overview
11.3.2. Cloud Market Forecast and Analysis
11.4. ON-PREMISE
11.4.1. Overview
11.4.2. On-Premise Market Forecast and Analysis
12. WORKFLOW AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – INDUSTRY
12.1. OVERVIEW
12.2. INDUSTRY MARKET FORECASTS AND ANALYSIS
12.3. BFSI
12.3.1. Overview
12.3.2. BFSI Market Forecast and Analysis
12.4. TELECOM AND IT
12.4.1. Overview
12.4.2. Telecom and IT Market Forecast and Analysis
12.5. RETAIL AND CONSUMER GOODS
12.5.1. Overview
12.5.2. Retail and Consumer Goods Market Forecast and Analysis
12.6. MANUFACTURING AND LOGISTICS
12.6.1. Overview
12.6.2. Manufacturing and Logistics Market Forecast and Analysis
12.7. HEALTHCARE AND PHARMACEUTICALS
12.7.1. Overview
12.7.2. Healthcare and Pharmaceuticals Market Forecast and Analysis
12.8. ENERGY AND UTILITIES
12.8.1. Overview
12.8.2. Energy and Utilities Market Forecast and Analysis
12.9. OTHERS
12.9.1. Overview
12.9.2. Others Market Forecast and Analysis
13. WORKFLOW AUTOMATION MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
13.1. NORTH AMERICA
13.1.1 North America Workflow Automation Market Overview
13.1.2 North America Workflow Automation Market Forecasts and Analysis
13.1.3 North America Workflow Automation Market Forecasts and Analysis - By Component
13.1.4 North America Workflow Automation Market Forecasts and Analysis - By Process
13.1.5 North America Workflow Automation Market Forecasts and Analysis - By Operation
13.1.6 North America Workflow Automation Market Forecasts and Analysis - By Organization Size
13.1.7 North America Workflow Automation Market Forecasts and Analysis - By Deployment
13.1.8 North America Workflow Automation Market Forecasts and Analysis - By Industry
13.1.9 North America Workflow Automation Market Forecasts and Analysis - By Countries
13.1.9.1 United States Workflow Automation Market
13.1.9.1.1 United States Workflow Automation Market by Component
13.1.9.1.2 United States Workflow Automation Market by Process
13.1.9.1.3 United States Workflow Automation Market by Operation
13.1.9.1.4 United States Workflow Automation Market by Organization Size
13.1.9.1.5 United States Workflow Automation Market by Deployment
13.1.9.1.6 United States Workflow Automation Market by Industry
13.1.9.2 Canada Workflow Automation Market
13.1.9.2.1 Canada Workflow Automation Market by Component
13.1.9.2.2 Canada Workflow Automation Market by Process
13.1.9.2.3 Canada Workflow Automation Market by Operation
13.1.9.2.4 Canada Workflow Automation Market by Organization Size
13.1.9.2.5 Canada Workflow Automation Market by Deployment
13.1.9.2.6 Canada Workflow Automation Market by Industry
13.1.9.3 Mexico Workflow Automation Market
13.1.9.3.1 Mexico Workflow Automation Market by Component
13.1.9.3.2 Mexico Workflow Automation Market by Process
13.1.9.3.3 Mexico Workflow Automation Market by Operation
13.1.9.3.4 Mexico Workflow Automation Market by Organization Size
13.1.9.3.5 Mexico Workflow Automation Market by Deployment
13.1.9.3.6 Mexico Workflow Automation Market by Industry
13.2. EUROPE
13.2.1 Europe Workflow Automation Market Overview
13.2.2 Europe Workflow Automation Market Forecasts and Analysis
13.2.3 Europe Workflow Automation Market Forecasts and Analysis - By Component
13.2.4 Europe Workflow Automation Market Forecasts and Analysis - By Process
13.2.5 Europe Workflow Automation Market Forecasts and Analysis - By Operation
13.2.6 Europe Workflow Automation Market Forecasts and Analysis - By Organization Size
13.2.7 Europe Workflow Automation Market Forecasts and Analysis - By Deployment
13.2.8 Europe Workflow Automation Market Forecasts and Analysis - By Industry
13.2.9 Europe Workflow Automation Market Forecasts and Analysis - By Countries
13.2.9.1 Germany Workflow Automation Market
13.2.9.1.1 Germany Workflow Automation Market by Component
13.2.9.1.2 Germany Workflow Automation Market by Process
13.2.9.1.3 Germany Workflow Automation Market by Operation
13.2.9.1.4 Germany Workflow Automation Market by Organization Size
13.2.9.1.5 Germany Workflow Automation Market by Deployment
13.2.9.1.6 Germany Workflow Automation Market by Industry
13.2.9.2 France Workflow Automation Market
13.2.9.2.1 France Workflow Automation Market by Component
13.2.9.2.2 France Workflow Automation Market by Process
13.2.9.2.3 France Workflow Automation Market by Operation
13.2.9.2.4 France Workflow Automation Market by Organization Size
13.2.9.2.5 France Workflow Automation Market by Deployment
13.2.9.2.6 France Workflow Automation Market by Industry
13.2.9.3 Italy Workflow Automation Market
13.2.9.3.1 Italy Workflow Automation Market by Component
13.2.9.3.2 Italy Workflow Automation Market by Process
13.2.9.3.3 Italy Workflow Automation Market by Operation
13.2.9.3.4 Italy Workflow Automation Market by Organization Size
13.2.9.3.5 Italy Workflow Automation Market by Deployment
13.2.9.3.6 Italy Workflow Automation Market by Industry
13.2.9.4 United Kingdom Workflow Automation Market
13.2.9.4.1 United Kingdom Workflow Automation Market by Component
13.2.9.4.2 United Kingdom Workflow Automation Market by Process
13.2.9.4.3 United Kingdom Workflow Automation Market by Operation
13.2.9.4.4 United Kingdom Workflow Automation Market by Organization Size
13.2.9.4.5 United Kingdom Workflow Automation Market by Deployment
13.2.9.4.6 United Kingdom Workflow Automation Market by Industry
13.2.9.5 Russia Workflow Automation Market
13.2.9.5.1 Russia Workflow Automation Market by Component
13.2.9.5.2 Russia Workflow Automation Market by Process
13.2.9.5.3 Russia Workflow Automation Market by Operation
13.2.9.5.4 Russia Workflow Automation Market by Organization Size
13.2.9.5.5 Russia Workflow Automation Market by Deployment
13.2.9.5.6 Russia Workflow Automation Market by Industry
13.2.9.6 Rest of Europe Workflow Automation Market
13.2.9.6.1 Rest of Europe Workflow Automation Market by Component
13.2.9.6.2 Rest of Europe Workflow Automation Market by Process
13.2.9.6.3 Rest of Europe Workflow Automation Market by Operation
13.2.9.6.4 Rest of Europe Workflow Automation Market by Organization Size
13.2.9.6.5 Rest of Europe Workflow Automation Market by Deployment
13.2.9.6.6 Rest of Europe Workflow Automation Market by Industry
13.3. ASIA-PACIFIC
13.3.1 Asia-Pacific Workflow Automation Market Overview
13.3.2 Asia-Pacific Workflow Automation Market Forecasts and Analysis
13.3.3 Asia-Pacific Workflow Automation Market Forecasts and Analysis - By Component
13.3.4 Asia-Pacific Workflow Automation Market Forecasts and Analysis - By Process
13.3.5 Asia-Pacific Workflow Automation Market Forecasts and Analysis - By Operation
13.3.6 Asia-Pacific Workflow Automation Market Forecasts and Analysis - By Organization Size
13.3.7 Asia-Pacific Workflow Automation Market Forecasts and Analysis - By Deployment
13.3.8 Asia-Pacific Workflow Automation Market Forecasts and Analysis - By Industry
13.3.9 Asia-Pacific Workflow Automation Market Forecasts and Analysis - By Countries
13.3.9.1 Australia Workflow Automation Market
13.3.9.1.1 Australia Workflow Automation Market by Component
13.3.9.1.2 Australia Workflow Automation Market by Process
13.3.9.1.3 Australia Workflow Automation Market by Operation
13.3.9.1.4 Australia Workflow Automation Market by Organization Size
13.3.9.1.5 Australia Workflow Automation Market by Deployment
13.3.9.1.6 Australia Workflow Automation Market by Industry
13.3.9.2 China Workflow Automation Market
13.3.9.2.1 China Workflow Automation Market by Component
13.3.9.2.2 China Workflow Automation Market by Process
13.3.9.2.3 China Workflow Automation Market by Operation
13.3.9.2.4 China Workflow Automation Market by Organization Size
13.3.9.2.5 China Workflow Automation Market by Deployment
13.3.9.2.6 China Workflow Automation Market by Industry
13.3.9.3 India Workflow Automation Market
13.3.9.3.1 India Workflow Automation Market by Component
13.3.9.3.2 India Workflow Automation Market by Process
13.3.9.3.3 India Workflow Automation Market by Operation
13.3.9.3.4 India Workflow Automation Market by Organization Size
13.3.9.3.5 India Workflow Automation Market by Deployment
13.3.9.3.6 India Workflow Automation Market by Industry
13.3.9.4 Japan Workflow Automation Market
13.3.9.4.1 Japan Workflow Automation Market by Component
13.3.9.4.2 Japan Workflow Automation Market by Process
13.3.9.4.3 Japan Workflow Automation Market by Operation
13.3.9.4.4 Japan Workflow Automation Market by Organization Size
13.3.9.4.5 Japan Workflow Automation Market by Deployment
13.3.9.4.6 Japan Workflow Automation Market by Industry
13.3.9.5 South Korea Workflow Automation Market
13.3.9.5.1 South Korea Workflow Automation Market by Component
13.3.9.5.2 South Korea Workflow Automation Market by Process
13.3.9.5.3 South Korea Workflow Automation Market by Operation
13.3.9.5.4 South Korea Workflow Automation Market by Organization Size
13.3.9.5.5 South Korea Workflow Automation Market by Deployment
13.3.9.5.6 South Korea Workflow Automation Market by Industry
13.3.9.6 Rest of Asia-Pacific Workflow Automation Market
13.3.9.6.1 Rest of Asia-Pacific Workflow Automation Market by Component
13.3.9.6.2 Rest of Asia-Pacific Workflow Automation Market by Process
13.3.9.6.3 Rest of Asia-Pacific Workflow Automation Market by Operation
13.3.9.6.4 Rest of Asia-Pacific Workflow Automation Market by Organization Size
13.3.9.6.5 Rest of Asia-Pacific Workflow Automation Market by Deployment
13.3.9.6.6 Rest of Asia-Pacific Workflow Automation Market by Industry
13.4. MIDDLE EAST AND AFRICA
13.4.1 Middle East and Africa Workflow Automation Market Overview
13.4.2 Middle East and Africa Workflow Automation Market Forecasts and Analysis
13.4.3 Middle East and Africa Workflow Automation Market Forecasts and Analysis - By Component
13.4.4 Middle East and Africa Workflow Automation Market Forecasts and Analysis - By Process
13.4.5 Middle East and Africa Workflow Automation Market Forecasts and Analysis - By Operation
13.4.6 Middle East and Africa Workflow Automation Market Forecasts and Analysis - By Organization Size
13.4.7 Middle East and Africa Workflow Automation Market Forecasts and Analysis - By Deployment
13.4.8 Middle East and Africa Workflow Automation Market Forecasts and Analysis - By Industry
13.4.9 Middle East and Africa Workflow Automation Market Forecasts and Analysis - By Countries
13.4.9.1 South Africa Workflow Automation Market
13.4.9.1.1 South Africa Workflow Automation Market by Component
13.4.9.1.2 South Africa Workflow Automation Market by Process
13.4.9.1.3 South Africa Workflow Automation Market by Operation
13.4.9.1.4 South Africa Workflow Automation Market by Organization Size
13.4.9.1.5 South Africa Workflow Automation Market by Deployment
13.4.9.1.6 South Africa Workflow Automation Market by Industry
13.4.9.2 Saudi Arabia Workflow Automation Market
13.4.9.2.1 Saudi Arabia Workflow Automation Market by Component
13.4.9.2.2 Saudi Arabia Workflow Automation Market by Process
13.4.9.2.3 Saudi Arabia Workflow Automation Market by Operation
13.4.9.2.4 Saudi Arabia Workflow Automation Market by Organization Size
13.4.9.2.5 Saudi Arabia Workflow Automation Market by Deployment
13.4.9.2.6 Saudi Arabia Workflow Automation Market by Industry
13.4.9.3 U.A.E Workflow Automation Market
13.4.9.3.1 U.A.E Workflow Automation Market by Component
13.4.9.3.2 U.A.E Workflow Automation Market by Process
13.4.9.3.3 U.A.E Workflow Automation Market by Operation
13.4.9.3.4 U.A.E Workflow Automation Market by Organization Size
13.4.9.3.5 U.A.E Workflow Automation Market by Deployment
13.4.9.3.6 U.A.E Workflow Automation Market by Industry
13.4.9.4 Rest of Middle East and Africa Workflow Automation Market
13.4.9.4.1 Rest of Middle East and Africa Workflow Automation Market by Component
13.4.9.4.2 Rest of Middle East and Africa Workflow Automation Market by Process
13.4.9.4.3 Rest of Middle East and Africa Workflow Automation Market by Operation
13.4.9.4.4 Rest of Middle East and Africa Workflow Automation Market by Organization Size
13.4.9.4.5 Rest of Middle East and Africa Workflow Automation Market by Deployment
13.4.9.4.6 Rest of Middle East and Africa Workflow Automation Market by Industry
13.5. SOUTH AND CENTRAL AMERICA
13.5.1 South and Central America Workflow Automation Market Overview
13.5.2 South and Central America Workflow Automation Market Forecasts and Analysis
13.5.3 South and Central America Workflow Automation Market Forecasts and Analysis - By Component
13.5.4 South and Central America Workflow Automation Market Forecasts and Analysis - By Process
13.5.5 South and Central America Workflow Automation Market Forecasts and Analysis - By Operation
13.5.6 South and Central America Workflow Automation Market Forecasts and Analysis - By Organization Size
13.5.7 South and Central America Workflow Automation Market Forecasts and Analysis - By Deployment
13.5.8 South and Central America Workflow Automation Market Forecasts and Analysis - By Industry
13.5.9 South and Central America Workflow Automation Market Forecasts and Analysis - By Countries
13.5.9.1 Brazil Workflow Automation Market
13.5.9.1.1 Brazil Workflow Automation Market by Component
13.5.9.1.2 Brazil Workflow Automation Market by Process
13.5.9.1.3 Brazil Workflow Automation Market by Operation
13.5.9.1.4 Brazil Workflow Automation Market by Organization Size
13.5.9.1.5 Brazil Workflow Automation Market by Deployment
13.5.9.1.6 Brazil Workflow Automation Market by Industry
13.5.9.2 Argentina Workflow Automation Market
13.5.9.2.1 Argentina Workflow Automation Market by Component
13.5.9.2.2 Argentina Workflow Automation Market by Process
13.5.9.2.3 Argentina Workflow Automation Market by Operation
13.5.9.2.4 Argentina Workflow Automation Market by Organization Size
13.5.9.2.5 Argentina Workflow Automation Market by Deployment
13.5.9.2.6 Argentina Workflow Automation Market by Industry
13.5.9.3 Rest of South and Central America Workflow Automation Market
13.5.9.3.1 Rest of South and Central America Workflow Automation Market by Component
13.5.9.3.2 Rest of South and Central America Workflow Automation Market by Process
13.5.9.3.3 Rest of South and Central America Workflow Automation Market by Operation
13.5.9.3.4 Rest of South and Central America Workflow Automation Market by Organization Size
13.5.9.3.5 Rest of South and Central America Workflow Automation Market by Deployment
13.5.9.3.6 Rest of South and Central America Workflow Automation Market by Industry
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. WORKFLOW AUTOMATION MARKET, KEY COMPANY PROFILES
15.1. IBM CORPORATION
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. K2 SOFTWARE, INC.
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. OPEN TEXT CORPORATION
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. ORACLE CORPORATION
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. PEGASYSTEMS INC.
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. SOFTWARE AG
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. BLUE PRISM LIMITED
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. TIBCO SOFTWARE INC.
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Products and Services
15.8.4. Financial Overview
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. UIPATH
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Products and Services
15.9.4. Financial Overview
15.9.5. SWOT Analysis
15.9.6. Key Developments
15.10. XEROX CORPORATION
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Products and Services
15.10.4. Financial Overview
15.10.5. SWOT Analysis
15.10.6. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
1. IBM Corporation
2. K2 Software, Inc.
3. Open Text Corporation
4. Oracle Corporation
5. Pegasystems Inc.
6. Software AG
7. BLUE PRISM LIMITED
8. Tibco Software Inc.
9. UiPath
10. Xerox Corporation
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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