"Smart Strategies, Giving Speed to your Growth Trajectory"

Cloud Workflow Market Size, Share & Industry Analysis, By Component (Platform, Services), By Business Workflow (Human Resource, Accounting and Finance, Sales and Marketing, Customer Service and Support), By Industry (BFSI, Telecommunication and IT, Retail and eCommerce, Healthcare) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104913 | Status : Ongoing

 

KEY MARKET INSIGHTS

The rapidly changing nature of the business operations and workflows has escalated the demand for efficient workflow management systems from the past few years. The cloud-based business workflow management solution helps organizations to increase business process efficiency by reducing manual data entry and paper-work. Cloud workflow is a centralized, customizable, scalable platform that offers trustworthy solutions at a considerably lower cost. Increasing focus of organizations to streamline business processes and business workflows is anticipated to drive the cloud workflow market growth. The growing acceptance of cloud-based business solutions is the key factor responsible for driving market growth across small and medium organizations. The increasing trend of digitalization is further supporting the global cloud workflow market growth.


Cloud workflow helps vendors to co-ordinate and manage business approaches efficiently without the need for a base platform. It offers document management, information management, and extended functionalities such as real-time operational visibility, improved performance, and efficiency. The global cloud workflow market is experiencing unprecedented growth as the small and medium enterprises (SMEs) have focused on automating their business operations. Also, the substantial adoption of cloud-based business process management is further escalating the demand for cloud workflow systems across SMEs. Further, with the growing use of artificial intelligence, the market is likely to showcase lucrative growth opportunities.  

Cumulative adoption of cloud-based services from the government to enhance productivity, automate workflow activities, improve efficiency, and analyze data is another key factor that is likely to support market growth. Also, the increasing trend of online shopping, digital payment, and OTT streaming services would further drive substantial market growth over the years.

Up Arrow

Key Market Driver -

• Increasing demand for cloud-based business solutions would drive the adoption • Migration of businesses from on-premise to cloud-based operations to accelerate the market growth

Down Arrow

Key Market Restraint -

• Security concerns might hamper the market growth


Key Players Covered:


The key market players are focusing on providing a diverse portfolio to meet each customer's best needs. Vendors such as Xerox Corporation, Zoho, Inc., are adopting business expansion strategies such as partnerships and collaborations. These business strategies help businesses to expand their business as well as product portfolio. In December 2018, Top Imaging Systems Ltd. signed up an agreement with the Xerox Corporation to integrate its content processing solutions with the Xerox Corporation patented workflow automation suite. Several companies are launching featured products and solutions to sustain their market competence. With the growing market competition, enterprises are increasingly focusing on augmenting their solution and service offerings.

Prominent companies included in the global cloud workflow market are SAP SE, IBM Corporation, Pegasystems Inc., Microsoft, Appian., Micro Focus, Ricoh USA, Inc., Nintex UK Ltd, K2 Software, Inc., Kissflow Inc., BP Logix, Inc., VIAVI Solutions Inc., Cavintek, Inc, Integrify, ProcessMaker., Process Street, Zapier Inc., Accelo, TrackVia., Flokzu, and among others.

Regional Analysis:


North America would be likely to emerge as a dominating region in the global cloud workflow market due to substantial cloud workflow adoption across North America. The market growth can also be attributed to the presence of significant market players and well-developed IT infrastructure in this region. Besides, countries such as the United States and Canada are leading in the adoption of innovative technologies, which supports the market growth. The growing adoption of cloud-computing services among North American businesses is further anticipated to propel the cloud workflow market.   

The substantial adoption of cloud computing coupled with the increasing competition is probable to drive the market growth in Europe.

The Asia-Pacific is likely to showcase significant market growth during the forecast period, owing to the cumulative adoption of advanced technologies across the region. Significant investments supportive of digital transformation would further likely to fuel the market growth. Increasing demand for cloud-based services from small and medium businesses would positively impact market growth. Investments made by the major Asian countries, such as China, Japan, Australia, and Singapore, for the technology transformation would further boost cloud workflow adoption. Thus, the Asia-Pacific is expected to experience exclusive market growth opportunities during the forecast period.

To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTE

  DETAILS

By Component



  • Platform

  • Services

    • Consulting

    • Deployment and System Integration 

    • Support and Maintenance





By Business Workflow



  • Human Resource

  • Accounting and Finance

  • Sales and Marketing

  • Customer Service and Support

  • Procurement and Supply Chain Management

  • Operations

  • Others (legal and R&D)



By Industry



  • BFSI

  • Telecommunication and IT

  • Retail and eCommerce

  • Healthcare

  • Government

  • Manufacturing

  • Others (transportation and logistics, energy and utilities, and education)



By Geography



  • North America (the United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)



Key Industry Developments:



  •  February 2018: Google LLC installed the first Google Cloud Platform (GCP) field for the users in Canada. The company made the platform available with decreased Google storage rates, infrequent access, and Nearline Storage features.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Information & Technology Clients
Samsung
Kpmg
Yahoo
Go daddy
Panasonic
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X