Workflow management software is implemented across various industries and industry verticals as part of the efforts to automate and streamline business processes. The pandemic has fueled many end-use industries' innovation plans and accelerated efforts to adopt a digital-first approach for enabling customer and worker interactions, modernizing technology infrastructure, and improving data capabilities. However, the negative impact on the software industry, including the market for workflow management systems, has been minimal. ![]() ![]() The COVID-19 pandemic is anticipated to have a substantial effect on businesses, stifling innovation, subduing profitability, and depleting cash flow. The market growth can be attributed to the growing need to modernize corporate processes, combined with the continuous adoption of cutting-edge technologies across various industries and industry verticals, is likely to drive demand for workflow management systems. ![]() The global workflow management system market size was valued at USD 9,540.0 million in 2022 and is projected to register a CAGR of 33.3% from 2023 to 2030.
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