Business Workflow Automation Market Insights by Size, Status and Forecast 2026

The latest report by Fact.MR expects the global business workflow automation market to witness substantial growth, registering a CAGR of 9.6% during the forecast period 2017-2026. By the end of 2026, the global business workflow automation market is estimated to reach US$ 5,247.2 million revenue. There has been an increasing adoption of the solutions and software offering business workflow automation. From data entry and processing to managing general content and records, the demand for business workflow automation is rising at a fast phase. Below are some insights on how the global business workflow automation will perform in the coming years.

Business workflow automation is witnessing increasing demand by businesses in order to streamline workflow and business process. Hence, leading companies are offering workflow automation solutions that are easy to implement and also helps in setting standards and tracking the performance of the employees. Software providers are also focusing on providing business workflow automation solution on basis of the industry. For instance, companies are offering services and tools that can improve the way a particular industry or sector is dealing with the documents and various business operations. With efficiency, productivity and accuracy becoming core objective of businesses, the demand for data capture automation tools is also rising. The increasing adoption of cloud systems, is also driving the use of cloud-based business workflow automation. Companies are also outsourcing workflow automation software development to effectively track and execute business processes.

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6 Forecast Highlights on Global Business Workflow Automation Market

North America is expected to dominate the global business workflow automation market throughout the forecast period. By the end of 2026, North America is estimated to reach close to US$ 1,600 million revenue. Telecom, transportation, IT, BFSI, and hospitality industries in Canada and the U.S. are increasingly adopting business workflow automation.  

Europe and Asia Pacific Excluding Japan (APEJ) are also expected to witness significant growth. Entry of established players in the APEJ region is driving the adoption of business workflow automation.

Technology-based solution is expected to witness the highest growth during the forecast period. Technology-based solution is estimated to exceed US$ 2,100 million revenue by the end of 2026.

Healthcare and pharmaceuticals is anticipated to be the largest industry in the business workflow automation market. Towards the end of 2026, the healthcare and pharmaceuticals industry is estimated to generate revenue more than US$ 900 million.

On-premise platform is likely to witness the highest growth during the forecast period 2017-2026. On-premise platform is expected to exceed US$ 3,800 million revenue by the end of 2026.

Small & medium enterprise are expected to adopt business workflow automation on a large scale. Small & medium enterprise segment is estimated to create an incremental opportunity of more than US$ 1,600 million during 2017-2026.

The report also offers competitive profiling of the leading players in the global market for business workflow automation, which will operate through 2026. These include companies such as Xerox Corporation, OpenText Corporation, Lexmark, HP Inc., Ricoh, Canon, Kyocera, IBM Corporation, Oracle Corporation, PegaSystems Inc., Software AG, Appian, Vision Software SA, IPSoft Inc., Newgen Software Technologies Limited, Nintex Limited, SAP SE, SAS Institute, HCL Technologies, and Tibco Software

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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MDM BPO Market to see Stunning Growth with Key Players

North America and Europe are anticipated to remain the most lucrative regions for expansion of the MDM BPO market. Revenues from the markets in these two regions are projected to account for roughly equal shares of the market by 2026-end. The market in Asia-pacific excluding Japan is projected to exhibit the fastest expansion through 2026. In contrast, the market in Middle East & Africa is projected to reflect the slowest expansion through 2026.

On the basis of data type, customer centric MDM will continue to be the leading revenue contributor to the global MDM BPO market. Revenues from enterprise centric MDM will also remain high, and are projected to account for roughly one-third market share by 2026-end. Supply centric MDM will remain the least lucrative data type segment in the market.

HR is expected to retain its position of being the leading function of MDM BPO, followed by finance and accounting. Revenues from these two MDM BPO functions will hold more than half share of the market by 2026-end. Although the market revenue share of procurements will remain relatively lower, this function segment is projected to register the highest CAGR in the market through 2026.

On the basis of industry, the largest revenue share of the market will continue to be accounted by manufacturing, followed by BFSI. Revenues from the provision of MDM BPO services to these two industries are collectively forecast to surpass US$ 4,500 Mn by 2026-end. Aerospace & defense and IT & telecommunication are projected to remain the least profitable industries in the global MDM BPO market.

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In 2017, large enterprise spearheaded the global MDM BPO market. However, small & medium enterprises are expected to outgrow large enterprises in the market by 2026-end.

Key market players identified by the report include Informatica, Oracle Corporation, IBM Corporation, TIBCO Software, SAP, Genpact, Cap Gemini, Infosys Limited, Magnitude Software, Riversand Technologies, Inc., Talend, Orchestra Networks, and TCS

According to Fact.MR, a splendid expansion at a CAGR of over 15% has been projected for the global MDM BPO market through the forecast period, 2017 to 2026. Revenues from MDM BPO services offered across the globe are estimated to exceed US$ 10,000 Mn by 2026-end.

Stereotypical Organizing & Process Huge Data Volume Creating Demand for MDM BPOs

Management of data has gained extreme importance for efficient running of businesses, with back office data management being need of the hour. Companies require to exert control over daily data volumes, which aggregate in electronic and paper format. Organizing and processing huge data quantity has become stereotypical. Without effective master data management systems, organizations tend to end up with faulty and inaccurate data, misplaced data, and missing data in their databases, which can lead toward colossal errors during critical business decision making. Companies therefore outsource processes related to management of their data, in order to dedicate their valuable time for more mission-critical tasks, creating demand for MDM BPOs. With master data management being the easiest back office operation to outsource, organizations are greatly benefitting from the services offered by the MDM BPOs. Various BPOs across the globe are providing professional best-in-class, time-sensitive and cost-effective data master data management services in a bid to lure more customers and expand their market reach.

Managing multiple MDM domains is a key trend being witnessed in the market. Multidomain MDM capabilities of several BPOs have been steadily improving. However, the picture is complex, and there is high possibility of customers ending up with a single product unable to cater their requirements, or poorly integrated multiple products.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Peptides and Heparin Market Report Shares Future Opportunities

According to Fact.MR, the global peptide and heparin market is projected to reflect a high single-digit CAGR throughout the forecast period (2017-2026). The peptide and heparin market is estimated to reach nearly US$ 35,000 Mn revenues by 2026-end.

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Although therapeutic peptides were originally developed for replacing their endogenous lack, spectrum of the candidate peptide drugs available is not by far restrained to human peptide pool. With the help of multifarious organisms, bioactive peptides are being discovered through modern tools of peptidomics. A virtually infinite range of potential peptide-based medications await pharmacological characterization. Meanwhile, several methods of peptide synthesis are evolving to enable highly efficient production of extraordinarily long & heavily-modified compounds.

Numerous clinical trials associated with peptide drug candidates are currently being conducted, which in turn represents a bright future for peptide-based therapeutics. Vendors of peptide therapeutics have been moving to developing countries on the back of large population base serving as potential clinical subjects. Lenient regulatory guidelines, skilled labor, low manufacturing costs, and low market competition are primary reasons why vendors of peptide therapeutics are outsourcing their manufacturing processes to these countries.

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The market for heparin will continue to be influenced by increasing prevalence of diseases, which lead to formation of clots. Concerns regarding adulteration had been the cause for the prohibition of bovine heparin by the U.S. FDA. However, extreme shortage of porcine heparin has led the FDA to reconsider introduction of bovine heparin, which in turn has led to a rise in amount of crude heparin. Heparin is increasingly used prior to surgeries, during blood transfusion or dialysis, when blood is collected as a sample, which implies their general use for reducing the blood clotting risk. Apart from surgical applications, heparin is also prescribed for preventing blood clot in patients affected with chest pain or angina. Heparin’s supply chain commences at slaughterhouses, trailed by various workshops that extract basic heparin material, called heparin crude, from the mucous membrane of pig intestine. Heparin crude is then sold to pharmaceutical companies, which post-processing produce heparin.

Hospital pharmacies are expected to remain the dominant distribution channel for peptide and heparin. Revenues from sales of peptide and heparin in hospital pharmacies are anticipated to remain considerably larger than those from retail pharmacies and online pharmacies combined. On the basis of indication, revenues from sales of peptide and heparin for cancer treatment are projected to account for the largest market share by 2026-end. Cardiovascular and metabolic disorder indication will also remain remunerative in the market. Sales of peptide and heparin for central nervous systems indication are expected to register the fastest expansion through 2026.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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GaN RF Devices Market Investment Opportunities in Competitive Environment

Key Projections on Future of GaN RF Devices Market for Forecast Period 2017-2026

On the basis of end-user, telecommunications will remain dominant, with revenues poised to account for nearly half share of the market by 2026-end. Aerospace and Defense, and Automotive are also expected to hold major revenue shares of the market during the forecast period. Sales of GaN RF devices for medical devices and industrial end-uses are projected to exhibit a parallel expansion through 2026. Revenues from industrial end-users of GaN RF devices will continue to be sluggish.

Wireless infrastructure will continue to be the most lucrative application of GaN RF devices, with revenues set to account for over two-fifth market share by 2026-end. PV inverter is also expected to remain a financially worthwhile application of GaN RF devices.

GaN Technology is used for Development of Higher Performance RF Devices

With the recent upsurge of wireless communication industry, steady yet continuous progress of the conventional military applications, radiofrequency devices are playing a pivotal role in several aspects of human activities. This has further increased demand for high performance RF devices. In mobile communication applications, the next generation smartphones need improved efficiency and wide bandwidth. RF amplifiers with higher frequency and power are essential for TV broadcasting and developing satellite communications, in order to reduce antenna size of the terminal users. Similar requirement holds for the broadband wireless internet connections owing to ever growing pace or data transmission rate. The aforementioned requirements have necessitated the development of higher performance RF devices based on GaN, owing to its wider bandwidth.

More and more sectors are incorporating RF technology in their operating systems, creating new application areas for RF engineers to work on. Selection of an RF technology depends majorly on the heat, size, cost, power, advancement rate, efficiency, and speed required for the application. GaN RF devices are highly preferred for such applications. GaN RF technology has emerged as an effective choice for all new millimeter-wave and microwave electronics such as electronic warfare, communications, satellite and radar.

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GaN RF devices sales for application in hybrid and EV components are projected to ride on the highest CAGR through 2026. HEV charging equipment and wireless infrastructure applications are expected to witness expansion at equal CAGRs through 2026. Satellite communication and CATV will continue to be the least lucrative applications of GaN RF devices.

On the basis of product type, discrete GaN RF devices are anticipated to remain dominant in the market, in terms of revenues. In addition, revenues from discrete GaN RF devices are projected to hold more than four-fifth market share by 2026-end. Demand for module GaN RF devices are expected to remain sluggish in the market.

Asia-Pacific excluding Japan (APEJ) has been anticipated to remain the largest market for GaN RF devices. Revenues from GaN RF devices sales in APEJ will surpass US$ 1,000 Mn by 2026-end. Revenue share of Japan and North America in the market will also remain significant, however revenues from APEJ will remain comparatively larger than those combined from Japan and North America.

Key market players comprised in the report are Infineon, Renesas, Panasonic, Mitsubishi Electric, Toshiba, Hitachi, STMicroelectronics, Bosch, Sumitomo Electric, and Raytheon.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Integration and Orchestration Middleware Market Know Reasons Why Opportunity Knocks Again

Key Takeaways from Fact.MR’s Report on Integration & Orchestration Middleware Market for Forecast Period 2017-2026

In terms of revenues, North America is slated to remain the leading contributor to expansion of the market, trailed by Europe and Asia-Pacific excluding Japan (APEJ). However, the market in APEJ will ride on a comparative higher CAGR than the markets in North America and Europe. Exhibiting an impressive expansion through 2026, Japan is also expected to remain financially worthwhile for the market expansion. In contrast, Middle East & Africa (MEA) will remain the least lucrative market for integration & orchestration middleware.

On the basis of middleware type, integration middleware will account for the largest market revenue share during the forecast period. Sales of integration middleware are projected to reflect the highest CAGR in the market during 2017 to 2026. Business to business middleware and event-driven middleware will also remain remunerative in the market, and their sales collaboratively estimated to exceed US$ 7,500 Mn in revenues by 2026-end. In addition, revenues from event-driven middleware are expected to increase a comparatively higher CAGR than those from business to business middleware through 2026.

Integration and orchestration middleware will continue to find the largest adoption in the BFSI sector, followed by IT & telecommunication sector. Revenues from sales in these two sectors will account for over half share of the market by 2026-end. Integration & orchestration middleware sales will register the fastest expansion in the healthcare sector through 2026.

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On-premise deployment will continue to be dominant in the integration & orchestration middleware market, in terms of revenues. However, the market is projected to witness a paradigm shift from on-premise development to cloud-based development in the upcoming years, on the back of the latter’s enhanced performance and efficiency. Cloud-based deployment of integration & orchestration middleware will exhibit a significantly higher CAGR than that of on-premise deployment through 2026.

Key market participants identified by the report include OpenText Corporation, Infor, Oracle Corporation, Tibco Software Inc., Microsoft Corporation, Covisint, Axway, IBM Corporation, SPS Commerce Inc., and SWIFT

Solutions for integration & orchestration middleware are likely to gain momentum with increasing innovation in internet of things (IoT), and growing demand for digitization. The evolution in the application programming interface (API), along with a relatively faster fundamental inclination toward cloud-based middleware will further flourish the market expansion. In a bid to remain competitive within the marketplace, enterprise managers are focusing on leveraging opportunities that emerged with the business automation middleware. In addition, burgeoning utilization of could to offer better agility is anticipated to create new avenues for innovations in the integration & orchestration middleware in the foreseeable future.

Influential trends such as MBaaS, containerization, DevOps, and PaaS are likely to deliver a strong impetus to adoption and technological innovation in the integration & orchestration middleware. The advent of micro-services is anticipated to be among the most effective techniques used for faster creation & testing of applications, particularly amid the connected devices. However, growing popularity of consumerization is likely to enable end-users with automation and self-integration of applications. Integrated machine learning holds immense potential as a highly effective alternative technology for integration & orchestration middleware, thereby posing a threat to the market expansion

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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