Techno World Workflow-Management-System-Market | Page 2

different locations and are possible perform instantly. Hence, due to increasing demand
for streamline business processes have fuelled growth of the market globally.
The cloud deployment type is estimated to witness the highest demand as Cloud-based
helps in cutting down the cost as compared to on-premises software deployment. For
instance, WorkflowMax, a cloud-based workflow system, estimates that the company
saves an average of 628 hours of time and US$ 22,000 every year for its customers.
Moreover, cloud-based workflow management system software also helps the customers
to maintain flexibility, as well as enjoy real-time access to data irrespective of the
location of the employees.
Workflow Management System Market: Regional Insights
On the basis of geography, global workflow management market is classified into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is
expected to be the largest share in the global workflow management system market
over the forecast period. This is mainly due to high adoption of cloud-based solution and
services particularly in the U.S. and Canada, which in turn increases cloud traffic.
According to Coherent Market Insights analysis, in 2015, cloud traffic in North America
was pegged at 1891 EB (Exabyte) and is estimated to reach 6844EB (Exabyte) by 2020.
As the cloud has revolutionized workflow management, these exciting technologies are
continually evolving, are more accessible, and are becoming increasingly adopted by
almost every verticals. Cloud-based applications have allowed organizations to become
far more agile in their response to new opportunities for efficiency, productivity and
service delivery. Hence, increase in cloud traffic will positively impact on the growth of
workflow
management
in
this
particular
region.
Browse more about the research report @
https://www.coherentmarketinsights.com/ongoing-insight/work-flow-management-system-market-1370
Global Workflow Management System: Competitive Background
Major players operating in the global workflow management system include Appian,
Bizagi, IBM Corporation, Newgen Software Technologies Ltd. Nintex Global Limited,
Oracle Corporation, Pegasystem Inc., Software AG, Source code Technology Holdings Inc.,
and Xerox Corporation. For instance, in July 2017, Appian announced its partnership with
Blue Prism. This provides a digital transformation platform that helps the enterprise for
application integration along with legacy IT systems, as well as automate repetitive
work. This partnership will help the Appian to remain the dominant player in the
workflow management system market.