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Upcoming Allied Market Research
2022
Cloud Workflow Market

Cloud Workflow Market by Type (Platform and Services), Business Workflow (HR, Accounting & Finance, Sales & Marketing, Customer Service & Support, Procurement & Supply Chain Management, Operations and Others), Enterprise Size (Small & Medium Enterprise and Large Enterprise), Industry Vertical (BFSI, Telecommunication & IT, Retail & e-Commerce, Healthcare, Government, Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030

A14744
Pages: NA
Feb 2022 | 136 Views
   
Author(s) : Vineet Kumar
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Management of repetitive processes and tasks which occur in a specific order is known as a workflow. Additionally, the mechanism by which an organization carries out its work such as product manufacturing, providing services, information processing and other value generated activities is also known as a workflow. Simplification and optimization of a business process in an organization are done with the help of workflow management software. Task such as elimination of paper forms and manual data entry, conversion of manual processes to digital workflows can be automated with the help of cloud workflow. The workflow efficiency of an organization can be increased with the help of cloud workflow solutions. It has advantages such as scalability, customization of processes, provides a centralized platform, and is less dependent on IT department, more secure, and accessible from anywhere. Because of these reasons, many SMEs and large enterprises are rapidly adopting cloud-based workflow for their business process which is therefore contributing towards the market growth.

Report Metric

 

Details

  Market size available for years

 

  2020-2030

  Base year considered

 

  2020

  Forecast period

  2021-2030

 

  Forecast unit

 

  Value (USD)

  Segments covered

Type, Business Workflow, Enterprise Size, Industry Vertical, Region

 

  Companies covered

 

IBM Corporation, Verint, SAP SE, Workday, Inc., Ultimate Software, The Hackett Group, Inc., Synel, WorkForce Software, LLC, TALOS Workforce Solutions, MPEX Solutions, Ascentis Corporation

 

COVID-19 Scenario Analysis:

  • The emergence of COVID-19 has forced the largest companies to shift their workforce to remote working globally.
  • Furthermore, lockdown and restrictions have caused many organizations to shut down their operations and manufacturing processes thereby disrupting their supply chain.
  • However, the dependency on technology is increasing across many sectors such as healthcare, banking, IT, retailers, manufacturing.
  • To ensure proper working in the organization many enterprises have started adopting cloud computing technology rapidly.
  • Cloud computing provides the organization with flexibility as organizations need changes and also allows organizations to scale up or scale down operations and storage facilities according to their needs. Additionally, the pay as pre-use pricing policy allows not only large enterprises to leverage cloud computing advantages but also allows SMEs to leverage cloud computing solutions.
  • Furthermore managing and maintaining the cost of IT systems in an organization is reduced as organizations shift their traditional workflow to cloud-based workflow processes.
  • Therefore the cloud workflow market is expected to grow during and post-pandemic period as more and more organizations shift their traditional workflow methods to cloud workflow solutions.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Business processes can be administered, coordinated and defined without any need of base platforms with the help of cloud workflow. It provides features such as real-time visibility, improved performance and efficiency. As competition and regulations are increasing across the globe, organizations are looking for solutions that will not only improve the process drive but also help the organizations to keep up with the regulations imposed. Traditional processes which were carried out manually were prone to errors and consumed a huge amount of time and money. Enterprises could automate processes which resulted in generating higher efficiency with the help of the cloud workforce. Because of all these advantages, organizations are shifting their traditional workflow to automated cloud-based workflow which is thereby increasing the market share of cloud workflow services. Additionally, companies to gain a competitive edge in the market have started adopting advanced technology such as artificial intelligence and machine learning to upscale their skills. By providing cost efficiency and improved performance, artificial intelligence has affected the workflow management industry by optimizing business processes. Furthermore, analyzing the activities of users and how they deal with tasks differently is carried out with the help of machine learning. With this process, strong patterns can be identified and automation of the process with the help of machine learning can be achieved for efficient management of workflow. Therefore, technologies such as artificial intelligence and machine learning provide a great opportunity for the cloud workflow market. However, as data processes on the cloud are accessed over the internet, it is vulnerable to cyber security threats. Therefore, the absence of a secure platform can restrain the market growth of cloud workflow services.

Key Benefits of the Report:

  • This study presents the analytical depiction of the cloud workflow industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the cloud workflow market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the cloud workflow market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed cloud workflow market analysis based on competitive intensity and how the competition will take shape in the coming years

Questions Answered in the Cloud Workflow Market Research Report:

  • Which are the leading market players active in the cloud workflow market?
  • What are the detailed impacts of COVID-19 on the market?
  • What are the current trends that will influence the cloud workflow market in the next few years?
  • What are the driving factors, restraints, and opportunities in the cloud workflow market?
  • What are the projections for the future that would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Type
  • Platform
  • Services
Business Workflow
  • HR
  • Accounting & Finance
  • Sales & Marketing
  • Customer Service & Support
  • Procurement & Supply Chain Management
  • Operations
  • Others
Enterprise Size
  • Small & Medium Enterprise
  • Large Enterprise
Industry Vertical
  • BFSI
  • Telecommunication & IT
  • Retail & e-Commerce
  • Healthcare
  • Government
  • Manufacturing
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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