Workflow Automation Market Share

APAC Market Statistics

The workflow automation market in Asia Pacific, amongst the market in all the other regions, is projected to have the highest growth by the end of 2037, backed by growing penetration of Internet of Things (IoT), along with surge in digitalization in this region. Throughout the next 12 months, about 19% of businesses in APAC expect their IoT deployments to include more than 500,000 wirelessly able to connect to a network and transfer information devices. Additionally, the approximately 13 billion IoT devices already in use are predicted to increase to about 37 billion IoT devices by 2030 owing to the region's rising IoT adoption, particularly from India, Pakistan, Bangladesh, Indonesia, and Thailand. India and China are also anticipated to have strong product demand for solutions as a result of their fast industrialization and the growing usage of information technology across a wide variety of industry sectors. These elements have led to an increase in the demand for the region's market. The market in the region is also expected to grow as a result of greater Chinese investment in tech companies.

North American Market Forecast

The North America workflow automation market is estimated to be the second largest, to have the highest growth. During the course of the projection period, it is anticipated that the expansion of the regional market for workflow management systems would be driven by the rising number of technology start-ups and the high use of cloud services, ERP, and CRM in North America. Also, Canadian and American investors offer to finance businesses creating software and services for workflow management systems. Governments and other organizations are integrating these solutions into their processes since they offer quick delivery of necessary content to consumers and offer great security.

Europe Market Forecast

Additionally, the workflow automation market in Europe region is also estimated to have significant growth over the forecast period. The growth of the market in the Europe region can be attributed to growing adoption of cloud-based workflow management in this region. Moreover, there has been growth in data generated by various industries which also includes healthcare. Also, people are getting more aware about the upcoming technologies and their preference for the same is growing. This is further encouraging companies to advance their service and software. In many European countries, debit or credit card payments emerged as the most popular methods of payment; however, other European nations showed preferences for mobile apps, invoices, PayPal or other types of digital wallets, and direct bank payments. However, all these ways of carrying out online transactions would further boost the demand for workflow automation in this region.