London, 02 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Workflow Management Systems Market 2015-2019, which is expected to grow at a CAGR of 28.77 percent during the forecast period of 2014-2019.
Organizations are progressively implementing workflow management systems because they increase productivity, efficiency, help in better utilization of time, generate more revenues, offer quick response time to customer queries, and provide quality customer service. Therefore, low costs and increased revenue result in enhanced profitability and great business value for organizational success.
“The demand for message-based workflow management systems has increased with the increase in sales of smartphones,” says Faisal Ghaus, Vice President of TechNavio.
“Because of the growing adoption of cloud computing, companies are embracing workplace mobility and allowing employees to use smartphones, tablets, and other devices for work-related tasks when they are on the move.”
Key Market Drivers
- Demand for Increased Productivity and Efficiency
- Need to Maintain Increasing Data
- Increased Focus on Real-time Decision Making
- Need to Ensure Long-term Profits
Key Market Trends
- Increased Demand for Cloud-based Workflow Management Systems
- Integration with Mobile Devices
- High Growth in Developing Countries
Key Market Vendors
- Hewlett-Packard Co. (HP)
- International Business Machines Corp. (IBM)
- Oracle Corp.
- SAP AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
