The global Workflow Management Systems market size was valued at USD 4.8 billion in 2018 and is expected to show a CAGR of 27.7% from 2021 to 2027. Along with increasing technology penetration across various industries, it is expected that the demand for streamlining business processes will increase. The demand for Workflow Management Systems (WFMS) will increase significantly over the next few years. Workflow automation helps you do more every day, and consequently helps you generate revenue. In addition, deploying a workflow management system significantly reduces errors because machines are less prone to errors than humans.
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A full report of Workflow Management System Market available at: https://www.orionmarketreports.com/workspace-as-a-service-market/42192/
Some key players of the global workflow management system market are Xerox Corporation, Oracle Corporation, Software AG, Pegasystems Inc., IBM Corporation, Nintex Global Limited, Source code Technology Holdings, Inc., Appian, Bizagi, and Newgen Software Technologies Limited, among others.
Workflow Management System Market Segmentations
By Component
• Software
• Services
By Deployment Type
• Cloud
• On-Premises
By Industry Vertical
• Banking Financial Services and Insurance
• Public Sector
• Healthcare
• Energy and Utilities
• Retail
• IT and Telecom
• Travel and Hospitality
• Transportation and Logistics
• Education
• Others
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