The Latin America, Middle East and Africa Workflow Management System Market should witness market growth of 40.1% CAGR during the forecast period (2022-2028).
AI Workflow Orchestration also tackles the proneness of the inaccuracy of conventional organizational processes. Traditional corporate processes often have too much space for mistakes because of the human element. Enterprise processes using AI-driven solutions add accuracy and speed to the mix. There is no better way to put it. By the offloading of tasks and actions from service agents and the thorough examination of tens of thousands of user requests, organizations can now employ AI Workflow Orchestration to do all the hard work.
Moreover, AI Workflow Orchestration opens up these procedures to in-depth data analysis and insights. The AI-driven system keeps track of apps and produces in-depth reports and original insights on numerous organizational departments. Organizations may use this data, for instance, to measure or better understand ROI, increasing transparency and identifying prospective departments or areas that might benefit from automation in the future.
Labor-intensive procedures may be expedited, paperwork can be minimized, and clinicians can spend a great deal less time on administrative duties. As a result, doctors and nurses can spend more time directly interacting with patients. Patient safety is increased, and medical mistake risk is decreased by automation. Automation creates efficiencies that allow physicians to treat more patients in less time and lessen staff fatigue, which is all too typical in the healthcare sector.
Increased patient throughput, decreased hospital stays and readmissions, shorter wait times for admissions, discharges, and patient transfers, and improved patient outcomes are just a few of the significant advantages healthcare providers that automate their operations have seen. Moreover, automation has helped hospitals to treat more patients in less time, significantly increase ROI, provide patients with a higher level of care, and lower the cost of providing healthcare. Hence, as healthcare automation grows in LAMEA, the economic burden on the government and healthcare professionals is reduced. As a result, healthcare professionals are using this software, which opens up the LAMEA workflow management system market.
The Brazil market dominated the LAMEA Workflow Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,264.5 million by 2028. The Argentina market is showcasing a CAGR of 40.8% during (2022-2028). Additionally, The UAE market would register a CAGR of 39.7% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on Software Type, the market is segmented into Production Workflow Systems, Web-based Workflow Systems, Messaging-based Workflow Systems, Suite-based Workflow Systems and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Retail, Healthcare, Travel & Hospitality, Transportation and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Newgen Software Technologies Limited, Xerox Corporation, Appian Corporation, Nintex Global Ltd. (TPG Inc.), Software AG, Pegasystems Inc., Bizagi Group Limited, and Source Code Technologies LLC.
AI Workflow Orchestration also tackles the proneness of the inaccuracy of conventional organizational processes. Traditional corporate processes often have too much space for mistakes because of the human element. Enterprise processes using AI-driven solutions add accuracy and speed to the mix. There is no better way to put it. By the offloading of tasks and actions from service agents and the thorough examination of tens of thousands of user requests, organizations can now employ AI Workflow Orchestration to do all the hard work.
Moreover, AI Workflow Orchestration opens up these procedures to in-depth data analysis and insights. The AI-driven system keeps track of apps and produces in-depth reports and original insights on numerous organizational departments. Organizations may use this data, for instance, to measure or better understand ROI, increasing transparency and identifying prospective departments or areas that might benefit from automation in the future.
Labor-intensive procedures may be expedited, paperwork can be minimized, and clinicians can spend a great deal less time on administrative duties. As a result, doctors and nurses can spend more time directly interacting with patients. Patient safety is increased, and medical mistake risk is decreased by automation. Automation creates efficiencies that allow physicians to treat more patients in less time and lessen staff fatigue, which is all too typical in the healthcare sector.
Increased patient throughput, decreased hospital stays and readmissions, shorter wait times for admissions, discharges, and patient transfers, and improved patient outcomes are just a few of the significant advantages healthcare providers that automate their operations have seen. Moreover, automation has helped hospitals to treat more patients in less time, significantly increase ROI, provide patients with a higher level of care, and lower the cost of providing healthcare. Hence, as healthcare automation grows in LAMEA, the economic burden on the government and healthcare professionals is reduced. As a result, healthcare professionals are using this software, which opens up the LAMEA workflow management system market.
The Brazil market dominated the LAMEA Workflow Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,264.5 million by 2028. The Argentina market is showcasing a CAGR of 40.8% during (2022-2028). Additionally, The UAE market would register a CAGR of 39.7% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on Software Type, the market is segmented into Production Workflow Systems, Web-based Workflow Systems, Messaging-based Workflow Systems, Suite-based Workflow Systems and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Retail, Healthcare, Travel & Hospitality, Transportation and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Newgen Software Technologies Limited, Xerox Corporation, Appian Corporation, Nintex Global Ltd. (TPG Inc.), Software AG, Pegasystems Inc., Bizagi Group Limited, and Source Code Technologies LLC.
Scope of the Study
By Component
- Software
- Production Workflow Systems
- Web-based Workflow Systems
- Messaging-based Workflow Systems
- Suite-based Workflow Systems
- Others
- Services
By Deployment Mode
- Cloud
- On-premises
By Vertical
- BFSI
- Telecom & IT
- Retail
- Healthcare
- Travel & Hospitality
- Transportation
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- Newgen Software Technologies Limited
- Xerox Corporation
- Appian Corporation
- Nintex Global Ltd. (TPG Inc.)
- Software AG
- Pegasystems Inc.
- Bizagi Group Limited
- Source Code Technologies LLC
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Workflow Management System Market, by Component
1.4.2 LAMEA Workflow Management System Market, by Deployment Mode
1.4.3 LAMEA Workflow Management System Market, by Vertical
1.4.4 LAMEA Workflow Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Sep - 2023, Jan) Leading Players
Chapter 4. LAMEA Workflow Management System Market by Component
4.1 LAMEA Software Market by Country
4.2 LAMEA Workflow Management System Market by Software Type
4.2.1 LAMEA Production Workflow Systems Market by Country
4.2.2 LAMEA Web-based Workflow Systems Market by Country
4.2.3 LAMEA Messaging-based Workflow Systems Market by Country
4.2.4 LAMEA Suite-based Workflow Systems Market by Country
4.2.5 LAMEA Others Market by Country
4.3 LAMEA Services Market by Country
Chapter 5. LAMEA Workflow Management System Market by Deployment Mode
5.1 LAMEA Cloud Market by Country
5.2 LAMEA On-premises Market by Country
Chapter 6. LAMEA Workflow Management System Market by Vertical
6.1 LAMEA BFSI Market by Country
6.2 LAMEA Telecom & IT Market by Country
6.3 LAMEA Retail Market by Country
6.4 LAMEA Healthcare Market by Country
6.5 LAMEA Travel & Hospitality Market by Country
6.6 LAMEA Transportation Market by Country
6.7 LAMEA Others Market by Country
Chapter 7. LAMEA Workflow Management System Market by Country
7.1 Brazil Workflow Management System Market
7.1.1 Brazil Workflow Management System Market by Component
7.1.1.1 Brazil Workflow Management System Market by Software Type
7.1.2 Brazil Workflow Management System Market by Deployment Mode
7.1.3 Brazil Workflow Management System Market by Vertical
7.2 Argentina Workflow Management System Market
7.2.1 Argentina Workflow Management System Market by Component
7.2.1.1 Argentina Workflow Management System Market by Software Type
7.2.2 Argentina Workflow Management System Market by Deployment Mode
7.2.3 Argentina Workflow Management System Market by Vertical
7.3 UAE Workflow Management System Market
7.3.1 UAE Workflow Management System Market by Component
7.3.1.1 UAE Workflow Management System Market by Software Type
7.3.2 UAE Workflow Management System Market by Deployment Mode
7.3.3 UAE Workflow Management System Market by Vertical
7.4 Saudi Arabia Workflow Management System Market
7.4.1 Saudi Arabia Workflow Management System Market by Component
7.4.1.1 Saudi Arabia Workflow Management System Market by Software Type
7.4.2 Saudi Arabia Workflow Management System Market by Deployment Mode
7.4.3 Saudi Arabia Workflow Management System Market by Vertical
7.5 South Africa Workflow Management System Market
7.5.1 South Africa Workflow Management System Market by Component
7.5.1.1 South Africa Workflow Management System Market by Software Type
7.5.2 South Africa Workflow Management System Market by Deployment Mode
7.5.3 South Africa Workflow Management System Market by Vertical
7.6 Nigeria Workflow Management System Market
7.6.1 Nigeria Workflow Management System Market by Component
7.6.1.1 Nigeria Workflow Management System Market by Software Type
7.6.2 Nigeria Workflow Management System Market by Deployment Mode
7.6.3 Nigeria Workflow Management System Market by Vertical
7.7 Rest of LAMEA Workflow Management System Market
7.7.1 Rest of LAMEA Workflow Management System Market by Component
7.7.1.1 Rest of LAMEA Workflow Management System Market by Software Type
7.7.2 Rest of LAMEA Workflow Management System Market by Deployment Mode
7.7.3 Rest of LAMEA Workflow Management System Market by Vertical
Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Oracle Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Newgen Software Technologies Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.4 Xerox Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.5 Appian Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.6 Nintex Global Ltd. (TPG Inc.)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Product Launches and Product Expansions:
8.7 Software AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.8 Pegasystems Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.5.2 Acquisition and Mergers:
8.9 Bizagi Group Limited
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Product Launches and Product Expansions:
8.10. Source Code Technologies LLC
8.10.1 Company Overview
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- Newgen Software Technologies Limited
- Xerox Corporation
- Appian Corporation
- Nintex Global Ltd. (TPG Inc.)
- Software AG
- Pegasystems Inc.
- Bizagi Group Limited
- Source Code Technologies LLC
Methodology
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