How big is the Workflow Automation Market?

The Workflow Automation Market size is expected to reach USD 21.70 billion in 2024 and grow at a CAGR of 9.52% to reach USD 34.18 billion by 2029. Read More

What is the current Workflow Automation Market size?

In 2024, the Workflow Automation Market size is expected to reach USD 21.70 billion. Read More

Who are the key players in Workflow Automation Market?

IBM Corporation, Oracle Corporation, Pegasystems, Inc, Xerox Corporation and Appian Corporation are the major companies operating in the Workflow Automation Market. Read More

Which is the fastest growing region in Workflow Automation Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Workflow Automation Market?

In 2024, the North America accounts for the largest market share in Workflow Automation Market. Read More

What years does this Workflow Automation Market cover, and what was the market size in 2023?

In 2023, the Workflow Automation Market size was estimated at USD 19.81 billion. The report covers the Workflow Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Workflow Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Workflow Automation Market - Size, Report & Forecast

Workflow Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Workflow Automation Industry is Segmented By Solution (Software and Services), By End-user Industry (Banking, Telecom, Retail, Manufacturing and Logistics, Healthcare and Pharmaceuticals, Energy and Utilities, and Other End-user Industries), By Deployment (Cloud and On-premise), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Workflow Automation Industry Overview

The Workflow Automation Market is fragemented and highly competitive. This market consists of several major players, such as IBM Corporation, Oracle Corporation, Pegasystems Inc., Xerox Corporation, and Appian Corporation. These companies leverage strategic collaborative initiatives to increase their market share and profitability.

November 2023: Esker, a global cloud platform and industry leader in AI-driven process automation solutions for Finance, Procurement, and Customer Service functions, announced Teknion has selected Esker's Accounts Payable automation solution to enhance its operational efficiencies. By leveraging Esker's innovative technology, Teknion aims to streamline its systems and ERP workflow across its global sites. Teknion specifically sought a solution incorporating automation and artificial intelligence to effectively combine information from multiple ERPs for their ongoing transformation of financial systems.
September 2023: Salesforce has introduced some impressive advancements to its Slack platform. These include integrating Slack-native generative AI capabilities, a helpful lists function for structured workflow, and various enhancements to its automation platform. On the other hand, Slack has also made significant strides by launching its own Slack AI, which is powered by its own native LLM technology. Additionally, Slack has made valuable additions to its workflow automation, such as a lists feature for organized tasks, approvals, and information.