DUBLIN, Dec. 10, 2021 /PRNewswire/ -- The 'Workflow Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026' report has been added to ResearchAndMarkets.com's offering.

The global workflow management system market grew at a CAGR of around 21% during 2015 & 2020. Workforce management (WFM) refers to a collection of tools and processes that enables an organization to monitor and centralize the data for their human resource utilization. It includes various performance-based software and tools to enhance the efficiencies of front-line supervisors, corporate management, managers and workers across the organization.

It can perform multiple functions, such as workforce forecast and scheduling, HR management and workforce analysis. It can also create customized workflows that enhance overall productivity and make decision-making more efficient. Owing to this, it finds extensive applications across various industries, including banking, financial services, and insurance (BFSI), healthcare, transportation and logistics, energy, retail and information technology (IT) and telecom.The growing need for automation across industries, along with the increasing adoption of cloud-based solutions, represents one of the key factors driving the growth of the market. With an increasing focus on workforce optimization, organizations are extensively employing WFM solutions to manage time and avoid duplication of tasks. Furthermore, cloud-based solutions minimize the requirements for physical hardware, which is also boosting the adoption of these solutions in organizations. The platform also reduces the overall operational costs and enhances the scalability of the infrastructure by providing access to various endpoints.

Additionally, increasing penetration of smartphones, along with the prevailing trend of Bring-Your-Own-Devices (BYOD), is also creating a positive impact on the market growth. With the deployment of WFM solutions, the employer can track the progress on tasks at any point of time while providing the employees with secure access to official files. Other factors, including rapid urbanization, especially in developing economies, rising awareness about the benefits of WFM, and extensive research and development (R&D) activities in the field of IT, are expected to drive the market further. Looking forward, the publisher expects the global workflow management system market to exhibit strong growth during the next five years.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Appian Corporation, Bizagi (Vision Software S.A.), IBM Corporation, Newgen Software Technologies Limited, Nintex Global Limited, Oracle Corporation, Pegasystems Inc., Software AG and Xerox Corporation. Key Questions Answered in This Report:

• How has the global workflow management system market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global workflow management system market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the deployment type?
• What is the breakup of the market based on the vertical?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global workflow management system market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview4.2 Key Industry Trends 5 Global Workflow Management System Market 5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast 6 Market Breakup by Component 6.1 Software6.1.1 Market Trends6.1.2 Market Forecast6.2 Services6.2.1 Market Trends6.2.2 Market Forecast 7 Market Breakup by Deployment Type 7.1 Cloud-Based7.1.1 Market Trends7.1.2 Market Forecast7.2 On-Premises7.2.1 Market Trends7.2.2 Market Forecast 8 Market Breakup by Vertical 8.1 BFSI8.1.1 Market Trends8.1.2 Market Forecast8.2 Healthcare8.2.1 Market Trends8.2.2 Market Forecast8.3 Energy8.3.1 Market Trends8.3.2 Market Forecast8.4 Retail8.4.1 Market Trends8.4.2 Market Forecast8.5 IT and Telecom8.5.1 Market Trends8.5.2 Market Forecast8.6 Transportation and Logistics8.6.1 Market Trends8.6.2 Market Forecast8.7 Education8.7.1 Market Trends8.7.2 Market Forecast8.8 Others8.8.1 Market Trends8.8.2 Market Forecast 9 Market Breakup by Region

10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis

13 Price Analysis 14 Competitive Landscape 14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players14.3.1 Appian Corporation14.3.1.1 Company Overview14.3.1.2 Product Portfolio14.3.1.3 Financials14.3.2 Bizagi (Vision Software S.A.)14.3.2.1 Company Overview14.3.2.2 Product Portfolio14.3.2.3 Financials14.3.3 IBM Corporation14.3.3.1 Company Overview14.3.3.2 Product Portfolio14.3.3.3 Financials14.3.3.4 SWOT Analysis14.3.4 Newgen Software Technologies Limited14.3.4.1 Company Overview14.3.4.2 Product Portfolio14.3.4.3 Financials14.3.5 Nintex Global Limited14.3.5.1 Company Overview14.3.5.2 Product Portfolio14.3.5.3 Financials14.3.6 Oracle Corporation14.3.6.1 Company Overview14.3.6.2 Product Portfolio14.3.6.3 Financials14.3.6.4 SWOT Analysis14.3.7 Pegasystems Inc.14.3.7.1 Company Overview14.3.7.2 Product Portfolio14.3.7.3 Financials14.3.7.4 SWOT Analysis14.3.8 Software AG14.3.8.1 Company Overview14.3.8.2 Product Portfolio14.3.8.3 Financials14.3.9 Xerox Corporation14.3.9.1 Company Overview14.3.9.2 Product Portfolio14.3.9.3 Financials14.3.9.4 SWOT Analysis

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