New Study from StrategyR Highlights a $1.3 Billion Global Market for Workflow Automation and Optimization Software by 2026

SAN FRANCISCO  , July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Workflow Automation and Optimization Software - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 9; Released: January 2022
Executive Pool: 21031
Companies: 182 - Players covered include Boston Software Systems; Flexera Software LLC; IBM Corporation; JDA Software Group, Inc.; OnviSource, Inc.; Oracle Corporation; Reva Solutions; SAP SE; SAS Institute, Inc.; Xerox Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Banking, Financial Services & Insurance, Education, Healthcare, Manufacturing, Retail, Transportation & Logistics, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Workflow Automation and Optimization Software Market to Reach $1.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Workflow Automation and Optimization Software estimated at US$859 Million, is projected to reach a revised size of US$1.3 Billion by 2026, growing at a CAGR of 7.3% over the analysis period. Banking, Financial Services & Insurance, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$454.7 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Education segment is readjusted to a revised 8.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $278.6 Million in 2021, While China is Forecast to Reach $231.9 Million by 2026
The Workflow Automation and Optimization Software market in the U.S. is estimated at US$278.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$231.9 Million by the year 2026 trailing a CAGR of 6.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.

Healthcare Segment to Reach US$116.5 Million by the year 2026
In the global Healthcare segment, USA, Canada, Japan, China and Europe will drive the 7.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$59.4 Million will reach a projected size of US$100.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.