Cloud Workflow Market Global Industry Analysis, Growth, and Forecast 2020– 2027 |
The global cloud workflow market was valued at USD 1.95 billion in 2019 and is expected to reach an
estimated USD 5.63 billion by 2027, expanding at a CAGR of nearly 16.7% during the forecast period,
2020–2027. The revised market size has considered the possible adverse impact of the ongoing
COVID-19 pandemic on the mentioned market during 2019-2020. The growth of the market is
attributed to the increasing adoption of cloud-based workflows across industries and rising focus for
digital transformation in views to enhance business operational performance.
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Cloud Workflow offers solutions for enterprises by providing facilities to manage business workflows
easily and effectively. This solution provides those enterprises platforms for real-time information
management as well as administering business processes without the need for establishing their own
base platforms. Using cloud service, an organization can effectively handle its business activities
since the service helps reduce manual steps and improve efficiency of the workflows of the company.
One of the key aspects of the cloud workflow market is that the growing use of advanced technologies
such as Artificial Intelligence (AI) in the business operation is expected to bring remarkable digital
transformation, which are expected to provide growth opportunities for cloud workflow vendors.
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Segments Covered in the Report:
• System Integration & Deployment
• Support & Maintenance
• Large Enterprises
• Small & Medium Enterprises (SMEs)
• Human Resources
• Accounting & Finance
• Sales and Marketing
• Customer Service & Support
• Procurement & Supply Chain Management
• Banking, Financial Services, & Insurance
• Telecommunications & IT
• Retail & e-Commerce
• Asia Pacific
• North America
• Latin America
• Middle East & Africa
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