The cloud-based workflow helps organizations to improve the efficiency of business processes by eliminating manual data entry and paper forms. Cloud workflows are scalable, customizable, centralized, and offer reliable solutions at a significantly lower cost. Increasing adoption of cloud technologies is gaining traction among small and medium businesses to streamline their workflows and business operations. Growing digitalization trend and use of artificial intelligence provide a positive outlook for the key players involved in the cloud workflow market.The cloud workflow market is anticipated to grow in the forecast period owing to driving factors such as high adoption of cloud-based services coupled with improved focus of SMEs towards automating their business operations. Furthermore, cloud workflow helps businesses improve operational efficiency by eliminating manual data entry and paper forms, thereby propelling market growth. However, the cloud workflow market is negatively influenced by the lack of secure cloud during the forecast period. Nevertheless, the market is likely to showcase growth opportunities with the increasing use of artificial intelligence in the coming years.
Some of the leading players in global market are Appian, BP Logix, Inc., IBM Corporation, Kissflow Inc., Microsoft Corporation, Nintex Global Ltd., Pegasystems Inc., PNMsoft Ltd. (Genpact), SAP SE, VIAVI Solutions Inc.
The global cloud workflow market is segmented on the basis of component, enterprise size, business workflow, and industry vertical. By component, the market is segmented into platform and services. Based on enterprise size, the market is segmented as large enterprises and SMEs. On the basis of the business workflow, the market is segmented as human resources, accounting and finance, sales and marketing, operations, customer service and support, procurement and supply chain management, and others. The market on the basis of the end user is classified as BFSI, IT & telecom, retail and e-commerce, healthcare, government, manufacturing, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cloud workflow market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cloud workflow market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.The report analyzes factors affecting cloud workflow market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the cloud workflow market in these regions.
The reports cover key developments in the cloud workflow market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from cloud workflow market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud workflow in the global market. Below mentioned is the list of few companies engaged in the cloud workflow market.
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