LAMEA Workflow Management System Market

LAMEA Workflow Management System Market Size, Share & Industry Trends Analysis Report By Component (Software and Services), By Deployment Mode (Cloud and On-premises), By Vertical, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-14209 Publication Date: February-2023 Number of Pages: 119
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Market Report Description

The Latin America, Middle East and Africa Workflow Management System Market would 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.

Free Valuable Insights: The Global Workflow Management System Market is Predict to reach $53.5 Billion by 2028, at a CAGR of 33.1%

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

Market Segments Covered in the Report:

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
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