SAN FRANCISCO , July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc. (GIA), the leading market research firm, released its report today entitled “Workflow Automation and Optimization Software – Global Market Trajectory & Analytics”. The report presents new perspectives on opportunities and challenges in a significantly changed post-COVID-19 market.
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Edition: 9; Released: January 2022
Executive Pool: 21031
Companies: 182 – Players covered include Boston Software Systems; Flexera Software LLC; IBM Corporation; JDA Software Group, Inc.; OnviSource, Inc.; Oracle Corporation; Reva solutions; SAPSE; SAS Institute, Inc.; Xerox Corporation and others.
Cover: All major regions and key segments
Segments: End Use (Banking, Financial Services & Insurance, Education, Healthcare, Manufacturing, Retail, Transportation & Logistics, Other End Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and rest Europe); Asia Pacific; Rest of the world.
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To reach global market for workflow automation and optimization software $1.3 billion until 2026
Amidst the COVID-19 crisis, the global workflow automation and optimization software market is estimated at $859 millionis projected to reach a revised size of $1.3 billion to 2026 and growing at a CAGR of 7.3% over the analysis period. Banking, Financial Services & Insurance, one of the segments analyzed in the report, is expected to register a CAGR and reach of 8.1% $454.7 million until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it is causing, growth in the education segment is adjusted to a revised annual growth rate of 8.5% for the next 7 years.
The US market is estimated at $278.6 million in 2021, while China is expected to reach $231.9 million until 2026
The US workflow automation and optimization software market is estimated at $278.6 million in 2021. Chinathe second largest economy in the world, is expected to reach a market size of $231.9 million to 2026 with a CAGR of 6.8% over the analysis period. Among the other notable geographic markets are Japan and Canada, forecasting growth of 6.9% and 5.8%, respectively, over the analysis period. Inside Europe, Germany growth of around 5.9% CAGR is forecast.
to reach the health segment $116.5 million until the year 2026
In the global healthcare segment United States of America, Canada, Japan, China and Europe will drive the 7.8% CAGR estimated for this segment. These regional markets together make up a market size of $59.4 million will reach a projected size of $100.3 million until the end of the analysis period. China will be among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a leading market research publisher and the only influencer-led market research company in the world. GIA proudly serves more than 42,000 clients from 36 countries and has a reputation for accurately forecasting markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.