Workflow Automation Market size was valued at USD 25.22 billion in 2024 and is likely to exceed USD 546.72 billion by the end of 2037, registering over 26.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of workflow automation is evaluated at USD 30.59 billion.
The growth of the market can be attributed to growing number of small businesses. Currently, there are about 32 million small enterprises operating in the US. These small business needs to manage their resource efficiently in order to grow and work smoothly by reducing cost. Hence, their demand for workflow automation is growing. Automation of small business workflows not only lowers expenses however also makes it easier to collaborate and work effectively with distant staff. Hence, also with the growing number of employees in small business working from home, the demand for workflow automation is expected to grow.
Having the ability to work remotely at least one day per week is highly valued by many employees. Post-coronavirus brought in various changes in landscape in functioning of organization, and working remotely is one of it. By 2025, about 35 million individuals in the United States would be working remotely, an approximately 15 million increased from pre-pandemic data. Hence, to make work done more flexible the demand for workflow automation is growing. Collaboration and communication could be difficult when team members are spread out across different places. Therefore, clear responsibilities are delegated to individual members through workflow automation, further boosting the workflow automation market growth.
Author Credits: Abhishek Verma
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