The North America Workflow Management System Market would 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.
Free Valuable Insights: The Global Workflow Management System Market is Estimated 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
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
Chapter 1. Market Scope & Methodology
1.1 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 KBV 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
TABLE 1 North America Workflow Management System Market, 2018 - 2021, USD Million
TABLE 2 North America Workflow Management System Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Workflow Management System Market
TABLE 4 Product Launches And Product Expansions– Workflow Management System Market
TABLE 5 Acquisition and Mergers– Workflow Management System Market
TABLE 6 North America Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 11 North America Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 12 North America Production Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Production Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Web-based Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Web-based Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Messaging-based Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Messaging-based Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Suite-based Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Suite-based Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 25 North America Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 26 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 28 North America On-premises Market by Country, 2018 - 2021, USD Million
TABLE 29 North America On-premises Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 31 North America Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 32 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 33 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Transportation Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Transportation Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Workflow Management System Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Workflow Management System Market by Country, 2022 - 2028, USD Million
TABLE 48 US Workflow Management System Market, 2018 - 2021, USD Million
TABLE 49 US Workflow Management System Market, 2022 - 2028, USD Million
TABLE 50 US Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 51 US Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 52 US Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 53 US Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 54 US Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 55 US Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 56 US Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 57 US Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 58 Canada Workflow Management System Market, 2018 - 2021, USD Million
TABLE 59 Canada Workflow Management System Market, 2022 - 2028, USD Million
TABLE 60 Canada Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 61 Canada Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 62 Canada Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 63 Canada Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 64 Canada Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 65 Canada Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 66 Canada Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 67 Canada Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 68 Mexico Workflow Management System Market, 2018 - 2021, USD Million
TABLE 69 Mexico Workflow Management System Market, 2022 - 2028, USD Million
TABLE 70 Mexico Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 71 Mexico Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 72 Mexico Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 73 Mexico Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 74 Mexico Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 75 Mexico Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 76 Mexico Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 77 Mexico Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 78 Rest of North America Workflow Management System Market, 2018 - 2021, USD Million
TABLE 79 Rest of North America Workflow Management System Market, 2022 - 2028, USD Million
TABLE 80 Rest of North America Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 81 Rest of North America Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 82 Rest of North America Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 83 Rest of North America Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 84 Rest of North America Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 85 Rest of North America Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 86 Rest of North America Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 87 Rest of North America Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 88 Key information – IBM Corporation
TABLE 89 Key Information – Oracle Corporation
TABLE 90 key information – Newgen Software Technologies Limited
TABLE 91 Key Information – Xerox Corporation
TABLE 92 key information – Appian Corporation
TABLE 93 Key Information – Nintex, Global Ltd.
TABLE 94 key information – Software AG
TABLE 95 Key Information – Pegasystems Inc.
TABLE 96 Key Information – Bizagi Group Limited
TABLE 97 Key Information – K2 Software, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2019, Sep – 2023, Jan) Leading Players
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 SWOT analysis: Oracle Corporation
FIG 9 Recent strategies and developments: Newgen Software Technologies Limited
FIG 10 Recent strategies and developments: Xerox Corporation
FIG 11 Recent strategies and developments: Bizagi Group Limited