Global Workflow Automation Market was valued at USD 4.94 Billion in the year 2017. Global Workflow Automation Market is further estimated to grow at a CAGR of 24.02% from 2018 to reach USD 17.98 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific considered as the fastest growing market in the forecasted period. At a country level, developed markets like U.S, Canada, China, Japan holds a substantial market share in 2017 and it is projected to grow at a gradual pace in the coming years considering growing adoption of the workflow automation for different functions in business operation.
Software AG (Germany), IPsoft Inc. (U.S), Microsoft Corporation (U.S), SAP SE (Germany), Appian (U.S), Oracle Corporation (U.S), IBM Corporation (U.S), Pegasystems Inc. (U.S), Xerox Corporation (U.S), Nintex Global Limited (U.S), are some of the key players in the Workflow Automation Market with SAP SE holding the significant market share because of its better global presence both at an operational level. Rising research and development expenses to address the changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.

Drivers:
Increasing infrastructure development in the commercial and residential areas
Rising focus on streamlining business processes, and cost efficiency
Restraints:
Growing cases of cyber attacks
Opportunities:
Increasing investment in smart cities and smart homes
Growing acceptance of third platform technologies and rising popularity of business process automation.
Challenges:
Availability of skilled person for effective installation
The global Workflow Automation Market is segmented on the basis of Deployment Type, Offering, Process, Industry Vertical & Size along with Region. In industry vertical, commercial sector is expected to hold the highest market share during the forecast period. On the other hand, by material type the glass wool type holds highest market in year 2017 and also expected to grow with the highest CAGR during the years 2018-2023.

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Key Benefits for Stakeholders
Regulatory bodies and R&D Institution.
Government and research organizations
Workflow automation service providers, software vendors, consulting companies
System integrators, Workflow automation investors
Value-added resellers
Technology consultants End use industries

By Deployment
Cloud-Based
On-Premise
By Offerings
Software
Services

By Process
Decision Support and Management solution
Interaction Solutions
Automated Solutions

By Industry Size
Large Scale Enterprises
Small-Medium Scale Enterprises (SMSE)
By Industry Vertical
Healthcare & Pharmaceuticals
Telecom & ITS Industry
Manufacturing & Logistics Industry
Banking, Financial Services, & Insurance
Energy & Utilities
Travel, Hospitality, & Transportation Industry
Consumer Goods & Retail
Others

By Region
North America
Europe
Asia-Pacific
RoW

Key Market Players
Software AG
IPsoft Inc.
Microsoft Corporation
SAP SE
Appian
Oracle Corporation
IBM Corporation
Pegasystems Inc.
Xerox Corporation
Nintex Global Limited
(Another brief information of 15 companies will be provided in report.)

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