(PRWEB) May 23, 2014
The report "Workflow Management System Market by Workflow System Types (Production, Messaging-based, Web-based, Suite-based, Others), Users (SMBs, Enterprises), Deployment Model (Cloud, On-premise) - Market Forecasts and Analysis (2014-2019)", defines and segments the global workflow management system market into various sub-segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the adoption trends.
Browse 70 market data tables and 25 figures spread through 161 Pages and in-depth TOC on "Workflow Management System Market by Workflow System Types (Production, Messaging-based, Web-based, Suite-based, Others), Users (SMBs, Enterprises), Deployment Model (Cloud, On-premise) - Market Forecasts and Analysis (2014-2019)"
Early buyers will receive 10% customization of this report.
Enquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=81240046
Companies possess several iterative business operations that need to be completed every time a work is undertaken. This leads to reduced organizational productivity. The vendors in the workflow management system market are constantly innovating and remodeling ones existing architecture, so as to develop better and more comprehensive solutions. The major vendors in the workflow management system market are IBM, HP, Microsoft, Oracle, and SAP. The major forces driving this market are the increasing needs to better serve the fragmented customer base, radical procedural change for competitive advantage, need to support the emerging mobile workforce, and facilitation of work from home culture.
Workflow management system is a software tool that empowers individuals in an organization to collaborate, synchronize and automate one or more business processes. It provides visibility into process and performance metrics. Visibility into process allows performance of an escalation on a process step. While visibility into performance metrics allows analysis for determination whether a process needs improvement. Workflow management system automates redundant tasks and guarantees that unfinished tasks are followed up.
MarketsandMarkets broadly segments the global workflow management system market by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA); by types: production-based workflow systems, messaging-based workflow systems, web-based workflow management systems, suite-based workflow management systems and others; by users: Small and Medium Businesses (SMBs) and enterprises; by industry verticals: Banking Financial Services and Insurance (BFSI), energy and utilities, healthcare, manufacturing, public sector, retail and hospitality, transportation and logistics, telecommunications, and others.
MarketsandMarkets forecasts the global workflow management system market to grow from $1.56 billion in 2014 to $5.53 billion in 2019 at a CAGR of 28.9% during the period 2014-2019. In terms of regions, NA is expected to be the largest market in terms of market size, while EU and APAC are expected to experience an increase in market traction, during the forecast period.
Browse Related Reports
Business Process as A Service (BPaaS) Market & Cloud BPM Market By Process Outsourcing (Sales, Finance and Accounting, Human Resources, Marketing, Operations) - Global Advancements, Opportunity Roadmaps, Market Forecast and Analysis (2013 - 2018)
Text Analytics Market by Applications (Enterprise, Web-based and Software, Data Analysis, Search-based, Others), Users (SMBs, Enterprises) & Deployment Model (Cloud, On-premise) - Market Forecasts and Analysis (2014-2019)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets