The Europe Workflow Management System Market would witness market growth of 32.2% CAGR during the forecast period (2022-2028).
In order to manage data or operational workflows effectively, machine learning is now being used to automatically classify and identify data that meets specific patterns. It also applies the appropriate compliance-oriented information to the process. The capacity of autonomous intelligent systems to continuously monitor systems and data is one of its advantages. AI-enabled process flows may simply watch the data and workflows as they really occur across systems and act on those that fit recognized patterns rather than needing to hardcode processes or interface with APIs that might not allow complete access to data.
Private information about a consumer, for instance, may be automatically recorded and encrypted or marked for review each time it is transferred. These AI-enabled technologies help with background checks and time-consuming fraud investigations while keeping a close eye on networks and personnel for prohibited activity.
Businesses are using AI process automation systems to examine mismatched data, manage data integration duties, maintain clean data, and supplement missing data. Organizations have historically employed robotic process automation (RPA) solutions to address the issue of swivel chair integration, which is when people manually enter or extract data from several systems to complete a job.
By using creative workflow management (CWM), team members and stakeholders will have the flexibility to express their original ideas while ensuring that the work is organized, effective, and in accordance with the organization's overarching objective. Applying openness and accountability is the cornerstone of creative workflow management. The company may have a centralized location for collaboration and communication where everyone can see who is liable for which projects, which activities are behind schedule, etc., by installing a creative workflow management software solution, meaning everyone is now accountable.
More accountability and openness will boost everyone's productivity. The expanding digital revolution has increased the demand for creative work, which has led to an increase in the use of creative workflow management software by businesses, which in turn has fueled the growth of the workflow management system market in Europe.
The Germany market dominated the Europe Workflow Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,470.7 million by 2028. The UK market is exhibiting a CAGR of 31.1% during (2022 - 2028). Additionally, The France market would experience 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Workflow Management System Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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
TABLE 1 Europe Workflow Management System Market, 2018 - 2021, USD Million
TABLE 2 Europe 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 Europe Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 7 Europe Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 8 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 11 Europe Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 12 Europe Production Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Production Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Web-based Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Web-based Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Messaging-based Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Messaging-based Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Suite-based Workflow Systems Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Suite-based Workflow Systems Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 25 Europe Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 26 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe On-premises Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe On-premises Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 31 Europe Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 32 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 33 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 34 Europe Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 36 Europe Retail Market by Country, 2018 - 2021, USD Million
TABLE 37 Europe Retail Market by Country, 2022 - 2028, USD Million
TABLE 38 Europe Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 39 Europe Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 40 Europe Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 41 Europe Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 42 Europe Transportation Market by Country, 2018 - 2021, USD Million
TABLE 43 Europe Transportation Market by Country, 2022 - 2028, USD Million
TABLE 44 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 45 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 46 Europe Workflow Management System Market by Country, 2018 - 2021, USD Million
TABLE 47 Europe Workflow Management System Market by Country, 2022 - 2028, USD Million
TABLE 48 Germany Workflow Management System Market, 2018 - 2021, USD Million
TABLE 49 Germany Workflow Management System Market, 2022 - 2028, USD Million
TABLE 50 Germany Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 51 Germany Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 52 Germany Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 53 Germany Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 54 Germany Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 55 Germany Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 56 Germany Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 57 Germany Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 58 UK Workflow Management System Market, 2018 - 2021, USD Million
TABLE 59 UK Workflow Management System Market, 2022 - 2028, USD Million
TABLE 60 UK Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 61 UK Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 62 UK Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 63 UK Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 64 UK Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 65 UK Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 66 UK Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 67 UK Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 68 France Workflow Management System Market, 2018 - 2021, USD Million
TABLE 69 France Workflow Management System Market, 2022 - 2028, USD Million
TABLE 70 France Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 71 France Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 72 France Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 73 France Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 74 France Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 75 France Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 76 France Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 77 France Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 78 Russia Workflow Management System Market, 2018 - 2021, USD Million
TABLE 79 Russia Workflow Management System Market, 2022 - 2028, USD Million
TABLE 80 Russia Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 81 Russia Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 82 Russia Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 83 Russia Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 84 Russia Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 85 Russia Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 86 Russia Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 87 Russia Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 88 Spain Workflow Management System Market, 2018 - 2021, USD Million
TABLE 89 Spain Workflow Management System Market, 2022 - 2028, USD Million
TABLE 90 Spain Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 91 Spain Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 92 Spain Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 93 Spain Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 94 Spain Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 95 Spain Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 96 Spain Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 97 Spain Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 98 Italy Workflow Management System Market, 2018 - 2021, USD Million
TABLE 99 Italy Workflow Management System Market, 2022 - 2028, USD Million
TABLE 100 Italy Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 101 Italy Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 102 Italy Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 103 Italy Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 104 Italy Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 105 Italy Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 106 Italy Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 107 Italy Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 108 Rest of Europe Workflow Management System Market, 2018 - 2021, USD Million
TABLE 109 Rest of Europe Workflow Management System Market, 2022 - 2028, USD Million
TABLE 110 Rest of Europe Workflow Management System Market by Component, 2018 - 2021, USD Million
TABLE 111 Rest of Europe Workflow Management System Market by Component, 2022 - 2028, USD Million
TABLE 112 Rest of Europe Workflow Management System Market by Software Type, 2018 - 2021, USD Million
TABLE 113 Rest of Europe Workflow Management System Market by Software Type, 2022 - 2028, USD Million
TABLE 114 Rest of Europe Workflow Management System Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 115 Rest of Europe Workflow Management System Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 116 Rest of Europe Workflow Management System Market by Vertical, 2018 - 2021, USD Million
TABLE 117 Rest of Europe Workflow Management System Market by Vertical, 2022 - 2028, USD Million
TABLE 118 Key information – IBM Corporation
TABLE 119 Key Information – Oracle Corporation
TABLE 120 key information – Newgen Software Technologies Limited
TABLE 121 Key Information – Xerox Corporation
TABLE 122 key information – Appian Corporation
TABLE 123 Key Information – Nintex, Global Ltd.
TABLE 124 key information – Software AG
TABLE 125 Key Information – Pegasystems Inc.
TABLE 126 Key Information – Bizagi Group Limited
TABLE 127 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