Product Code: BMIRE00031098
The North America Workflow Management System market was valued at US$ 3,716.88 million in 2023 and is expected to reach US$ 21,592.27 million by 2031; it is estimated to record a CAGR of 24.6% from 2023 to 2031 .
Growing Number of Digital Transformation Initiatives Fuels North America Workflow Management System Market
Digital transformation in workflow management systems requires foundational investments in skills, projects, and infrastructure, as well as smooth collaboration between people, machines, and business processes. It aims to radically transform the business model and the way business is conducted. In the US, businesses are actively embracing digital transformation to stay competitive in today's quickly changing business environment. The National Strategy for Trusted Identities in Cyberspace and the NIST Cybersecurity Framework are only two of the measures the US government has put in place to encourage innovation and digital transformation in various industries and aid in the growth of the digital economy. There is a need for optimized utilization of allocated budget, smooth operational procedures, and guidance of successful program execution with inbuilt digital workflow automation and management processes. Thus, the growing number of digital transformation initiatives drives the workflow management system market.
North America Workflow Management System Market Overview
The healthcare systems in North American countries experience a significant need push to refine healthcare workflow management to enhance efficiency, productivity, and profitability. This factor propels the adoption and use of workflow management systems in the region. Workflow management involves streamlining the roadmaps of operations to diminish redundancies, elevate patient throughput, and improve care quality, ultimately leading to enhanced patient satisfaction and clinical outcomes. Moreover, the escalating complexity and extensive data generation in healthcare processes, encompassing both clinical and administrative activities, have prompted healthcare organizations to seek automated workflow management solutions and applications (apps) that simplify the routine delivery of patient healthcare. Oracle Cerner, a prominent player in the healthcare technology space, is at the forefront of providing innovative workflow management systems tailored to the specific needs of healthcare organizations in North American countries. Its workflow management systems streamline clinical workflows, improve care coordination, and enhance healthcare resource utilization, ultimately contributing to better patient outcomes and operational effectiveness within healthcare facilities across the region.
North America Workflow Management System Market Revenue and Forecast to 2031 (US$ Million)
North America Workflow Management System Market Segmentation
The North America workflow management system market is categorized into component, deployment mode, end user, and country.
Based on component, the North America workflow management system market is bifurcated into software and services. The software segment held a larger market share in 2023.
In terms of deployment mode, the North America workflow management system market is bifurcated into cloud and on-premises. The cloud segment held a larger market share in 2023.
Based on end user, the North America workflow management system market is segmented into BFSI, Healthcare and Life Sciences, IT and Telecom, Transportation and Logistics, Retail, Food and Beverage, Cosmetic Industry, and Others. The BFSI segment held the largest market share in 2023.
By country, the North America workflow management system market is segmented into the US, Canada, and Mexico. The US dominated the North America Workflow Management System market share in 2023.
Apian Corp, Bizagi, Newgen Software Technologies Ltd, Nintex UK Ltd, Oracle Corp, International Business Machines Corp, Pegasystems Inc, Software AG, Integrify Inc, Xerox Corporation, Kissflow Inc, Zapier Inc, Bizzmine, MasterControl Inc, Honeywell International Inc, Dot Compliance Ltd, Veeva Systems Inc, PQE Group, and Alten Group are some of the leading companies operating in the North America workflow management system market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.1 Developing base number:
- 3.2.2 Data Triangulation:
- 3.2.3 Country level data:
4. North America Workflow Management System Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 Software and Services Providers:
- 4.3.2 System Integrators:
- 4.3.3 End Users:
- 4.3.4 List of Vendors in the Value Chain
5. North America Workflow Management System Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Number of Digital Transformation Initiatives
- 5.1.2 Rising Demand for Reduction in Labor and Operational Costs
- 5.2 Market Restraints
- 5.2.1 High Cost of Workflow Management Application
- 5.3 Market Opportunities
- 5.3.1 Integration of Robotic Process Automation with Workflow Management System
- 5.4 Future Trends
- 5.4.1 Automation-as-a-Service
- 5.5 Impact of Drivers and Restraints:
6. Workflow Management System Market - North America Market Analysis
- 6.1 Workflow Management System Market Revenue (US$ Million), 2021-2031
- 6.2 Workflow Management System Market Forecast Analysis
7. North America Workflow Management System Market Analysis - by Component
- 7.1 Software
- 7.1.1 Overview
- 7.1.2 Software: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.3 Suite-Based Workflow Systems
- 7.1.3.1 Overview
- 7.1.3.2 Suite-Based Workflow Systems: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.4 Web-Based Workflow Systems
- 7.1.4.1 Overview
- 7.1.4.2 Web-Based Workflow Systems: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.5 Production Workflow Systems
- 7.1.5.1 Overview
- 7.1.5.2 Production Workflow Systems: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.6 Messaging-Based Workflow System
- 7.1.6.1 Overview
- 7.1.6.2 Messaging-Based Workflow System: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.3 Integration and Implementation
- 7.2.3.1 Overview
- 7.2.3.2 Integration and Implementation: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.4 Consulting
- 7.2.4.1 Overview
- 7.2.4.2 Consulting: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.5 Training and Development
- 7.2.5.1 Overview
- 7.2.5.2 Training and Development: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
8. North America Workflow Management System Market Analysis - by Deployment Mode
- 8.1 Cloud
- 8.1.1 Overview
- 8.1.2 Cloud: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 On-Premises
- 8.2.1 Overview
- 8.2.2 On-Premises: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
9. North America Workflow Management System Market Analysis - by End User
- 9.1 BFSI
- 9.1.1 Overview
- 9.1.2 BFSI: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2 Healthcare and Life Sciences
- 9.2.1 Overview
- 9.2.2 Healthcare and Life Sciences: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3 IT and Telecom
- 9.3.1 Overview
- 9.3.2 IT and Telecom: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4 Transportation and Logistics
- 9.4.1 Overview
- 9.4.2 Transportation and Logistics: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5 Retail
- 9.5.1 Overview
- 9.5.2 Retail: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6 Food and Beverages
- 9.6.1 Overview
- 9.6.2 Food and Beverages: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 9.7 Cosmetic Industry
- 9.7.1 Overview
- 9.7.2 Cosmetic Industry: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
10. North America Workflow Management System Market - Country Analysis
- 10.1 North America
- 10.1.1 North America: Workflow Management System Market - Revenue and Forecast Analysis - by Country
- 10.1.1.1 North America: Workflow Management System Market - Revenue and Forecast Analysis - by Country
- 10.1.1.2 United States: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.2.1 United States: Workflow Management System Market Breakdown, by Component
- 10.1.1.2.1.1 United States: Workflow Management System Market Breakdown, by Software
- 10.1.1.2.1.2 United States: Workflow Management System Market Breakdown, by Services
- 10.1.1.2.2 United States: Workflow Management System Market Breakdown, by Deployment Mode
- 10.1.1.2.3 United States: Workflow Management System Market Breakdown, by End User
- 10.1.1.3 Canada: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.3.1 Canada: Workflow Management System Market Breakdown, by Component
- 10.1.1.3.1.1 Canada: Workflow Management System Market Breakdown, by Software
- 10.1.1.3.1.2 Canada: Workflow Management System Market Breakdown, by Services
- 10.1.1.3.2 Canada: Workflow Management System Market Breakdown, by Deployment Mode
- 10.1.1.3.3 Canada: Workflow Management System Market Breakdown, by End User
- 10.1.1.4 Mexico: Workflow Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.4.1 Mexico: Workflow Management System Market Breakdown, by Component
- 10.1.1.4.1.1 Mexico: Workflow Management System Market Breakdown, by Software
- 10.1.1.4.1.2 Mexico: Workflow Management System Market Breakdown, by Services
- 10.1.1.4.2 Mexico: Workflow Management System Market Breakdown, by Deployment Mode
- 10.1.1.4.3 Mexico: Workflow Management System Market Breakdown, by End User
11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.2 Company Positioning & Concentration
12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 Product Development
- 12.4 Mergers & Acquisitions
13. Company Profiles
- 13.1 Appian Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Bizagi
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Newgen Software Technologies Ltd.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Nintex UK Ltd
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Oracle Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 International Business Machines Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Pegasystems Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Software AG
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Integrify, Inc
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Xerox Corporation
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 13.11 Kissflow Inc
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
- 13.12 Zapier Inc.
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments
- 13.13 Bizzmine
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis
- 13.13.6 Key Developments
- 13.14 MasterControl Inc.
- 13.14.1 Key Facts
- 13.14.2 Business Description
- 13.14.3 Products and Services
- 13.14.4 Financial Overview
- 13.14.5 SWOT Analysis
- 13.14.6 Key Developments
- 13.15 Honeywell International Inc
- 13.15.1 Key Facts
- 13.15.2 Business Description
- 13.15.3 Products and Services
- 13.15.4 Financial Overview
- 13.15.5 SWOT Analysis
- 13.15.6 Key Developments
- 13.16 Dot Compliance Ltd.
- 13.16.1 Key Facts
- 13.16.2 Business Description
- 13.16.3 Products and Services
- 13.16.4 Financial Overview
- 13.16.5 SWOT Analysis
- 13.16.6 Key Developments
- 13.17 Veeva Systems Inc
- 13.17.1 Key Facts
- 13.17.2 Business Description
- 13.17.3 Products and Services
- 13.17.4 Financial Overview
- 13.17.5 SWOT Analysis
- 13.17.6 Key Developments
- 13.18 PQE Group
- 13.18.1 Key Facts
- 13.18.2 Business Description
- 13.18.3 Products and Services
- 13.18.4 Financial Overview
- 13.18.5 SWOT Analysis
- 13.18.6 Key Developments
- 13.19 Alten Group
- 13.19.1 Key Facts
- 13.19.2 Business Description
- 13.19.3 Products and Services
- 13.19.4 Financial Overview
- 13.19.5 SWOT Analysis
- 13.19.6 Key Developments
14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index