In 2021, the global revenue from workflow management software (WMS) was $5.2 billion. The market for workflow management software (WMS) is expected to reach $71.8 billion by 2032, growing at a CAGR of 27.0% during the forecast period (2022-2032).
Rising need for upgraded technologies with virtual capabilities and with proliferation of work from home, the demand for WMS is expected to surge. Several organizations are automating the processes and are gaining advantage from the system through lesser lead times, reduction in errors, enhanced the collaboration and coordination among the teams and improved efficiency.
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Key Takeaways
- By type, the standalone software segment is expected to dominate with a leading CAGR of 8%in the global demand for workflow management system over the forecast period.
- By deployment mode, cloud-based segment is estimated to grow by 31X during the forecast period.
- By enterprise size, SMEs segment is estimated to grow by 35X during the forecast period.
- By industry, the retail segment is anticipated to increase at a CAGR of 4%between 2022 & 2032.
- By region, North America currently holds highest market share of around 29%in workflow management system market in 2021
- South Asia & Pacific region is expected to witness highest growth of around 3%CAGR during the forecast period.
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Key Companies Profiled
- IBM
- Salesforce
- Zoho
- Atlassian
- Nintex
- Zapier
- Wrike
- Mavenlink
- ProWorkflow
- Dapulse
- Comindware Tracker
- TRACKVIA
- Asana
- Kissflow
- Integrify
- CANEA Workflow
- Process Street
- Flokz
- Cflow
- Intellimas
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Workflow Management Software Outlook by Category
By Type:
- Integrated WMS Software
- Standalone WMS Software
- Production Workflow Systems
- Messaging-based Workflow Systems
- Web-based Workflow Systems
- Suite-based Workflow Systems
- Others
By Deployment Mode:
- On-premise WMS
- Cloud-based WMS
By Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Industry:
- IT & Telecom
- BFSI
- Healthcare
- Manufacturing
- Retail
- Government
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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