The North America Workflow Management System Market should witness market growth of 31.4% CAGR during the forecast period (2022-2028).
Many people working with customers, employees, patients, constituents, or suppliers must input or retrieve data from several systems to do their duties. These systems are often built or developed by other companies; therefore, attempts to link them through APIs or integration middleware have failed. As a result, they simply won't communicate. As a result, RPA solutions have become a popular approach to swiftly and affordably automate operations like data input and extraction across many systems.
This artificial intelligence (AI) process automation system can handle large amounts of data from structured and unstructured sources in multiple forms and languages. Then, the machine learning algorithms may monitor the information, data, and systems and alert users to any unusual activity.
These machine-learning-based systems can spot disparate data from many sources, fill in data gaps using other methods, and confirm that the data is appropriate for the job. In addition, these AI-enabled bots work with human agents to prevent the spread of data errors or missing information across the company.
The growth of IoT is being fueled in large part by new applications and business models as well as lower device prices. The result is that there are also more linked gadgets (connected cars, meters, machines, wearable, and consumer electronics).
A new generation of process automation was brought about by the industrial sector's rapid adoption of Industry 4.0 rules. Workflow automation is rapidly taking the role of conventional SOPs. Practically everything ranging from sensors and machines in industrial settings to vehicles and kitchen devices is increasingly being linked to networks, spurred by the rising acceptance of mobility and BYOD rules.
By evaluating system-level data, IoT connection is starting to fuel a new level of intelligence for buildings. It is widely utilized by businesses that provide fault detection and diagnostics as well as energy services. However, many sophisticated systems in bigger institutional buildings have more difficult difficulties than many AI algorithms with access to building data can handle. As a result, the need for workflow management systems in North America is being driven by the growing usage of workflow automation software across sectors.
The US market dominated the North America Workflow Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12,844.6 million by 2028. The Canada market is experiencing a CAGR of 34.4% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 33.2% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Many people working with customers, employees, patients, constituents, or suppliers must input or retrieve data from several systems to do their duties. These systems are often built or developed by other companies; therefore, attempts to link them through APIs or integration middleware have failed. As a result, they simply won't communicate. As a result, RPA solutions have become a popular approach to swiftly and affordably automate operations like data input and extraction across many systems.
This artificial intelligence (AI) process automation system can handle large amounts of data from structured and unstructured sources in multiple forms and languages. Then, the machine learning algorithms may monitor the information, data, and systems and alert users to any unusual activity.
These machine-learning-based systems can spot disparate data from many sources, fill in data gaps using other methods, and confirm that the data is appropriate for the job. In addition, these AI-enabled bots work with human agents to prevent the spread of data errors or missing information across the company.
The growth of IoT is being fueled in large part by new applications and business models as well as lower device prices. The result is that there are also more linked gadgets (connected cars, meters, machines, wearable, and consumer electronics).
A new generation of process automation was brought about by the industrial sector's rapid adoption of Industry 4.0 rules. Workflow automation is rapidly taking the role of conventional SOPs. Practically everything ranging from sensors and machines in industrial settings to vehicles and kitchen devices is increasingly being linked to networks, spurred by the rising acceptance of mobility and BYOD rules.
By evaluating system-level data, IoT connection is starting to fuel a new level of intelligence for buildings. It is widely utilized by businesses that provide fault detection and diagnostics as well as energy services. However, many sophisticated systems in bigger institutional buildings have more difficult difficulties than many AI algorithms with access to building data can handle. As a result, the need for workflow management systems in North America is being driven by the growing usage of workflow automation software across sectors.
The US market dominated the North America Workflow Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12,844.6 million by 2028. The Canada market is experiencing a CAGR of 34.4% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 33.2% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Workflow Management System Market, by Component
1.4.2 North America Workflow Management System Market, by Deployment Mode
1.4.3 North America Workflow Management System Market, by Vertical
1.4.4 North America 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. North America Workflow Management System Market by Component
4.1 North America Software Market by Country
4.2 North America Workflow Management System Market by Software Type
4.2.1 North America Production Workflow Systems Market by Country
4.2.2 North America Web-based Workflow Systems Market by Country
4.2.3 North America Messaging-based Workflow Systems Market by Country
4.2.4 North America Suite-based Workflow Systems Market by Country
4.2.5 North America Others Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Workflow Management System Market by Deployment Mode
5.1 North America Cloud Market by Country
5.2 North America On-premises Market by Country
Chapter 6. North America Workflow Management System Market by Vertical
6.1 North America BFSI Market by Country
6.2 North America Telecom & IT Market by Country
6.3 North America Retail Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Travel & Hospitality Market by Country
6.6 North America Transportation Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Workflow Management System Market by Country
7.1 US Workflow Management System Market
7.1.1 US Workflow Management System Market by Component
7.1.1.1 US Workflow Management System Market by Software Type
7.1.2 US Workflow Management System Market by Deployment Mode
7.1.3 US Workflow Management System Market by Vertical
7.2 Canada Workflow Management System Market
7.2.1 Canada Workflow Management System Market by Component
7.2.1.1 Canada Workflow Management System Market by Software Type
7.2.2 Canada Workflow Management System Market by Deployment Mode
7.2.3 Canada Workflow Management System Market by Vertical
7.3 Mexico Workflow Management System Market
7.3.1 Mexico Workflow Management System Market by Component
7.3.1.1 Mexico Workflow Management System Market by Software Type
7.3.2 Mexico Workflow Management System Market by Deployment Mode
7.3.3 Mexico Workflow Management System Market by Vertical
7.4 Rest of North America Workflow Management System Market
7.4.1 Rest of North America Workflow Management System Market by Component
7.4.1.1 Rest of North America Workflow Management System Market by Software Type
7.4.2 Rest of North America Workflow Management System Market by Deployment Mode
7.4.3 Rest of North America 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
LOADING...
