Europe Workflow Management System Market Forecast to 2031 – Regional Analysis – by Component (Software and Services), Deployment Mode (Cloud and On-Premises), and End User (BFSI, Healthcare and Life Sciences, IT and Telecom, Transportation and Logistics, Retail, Food and Beverages, Cosmetic Industry, and Others)

December 2024 | 141 pages | ID: E75479A3ADAEEN
The Insight Partners

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The Europe Workflow Management System market was valued at US$ 2,474.16 million in 2023 and is expected to reach US$ 12,443.66 million by 2031; it is estimated to record a CAGR of 22.4% from 2023 to 2031 .

Rising Demand for Reduction in Labor and Operational Costs Drives Europe Workflow Management System Market

Implementing a unified workforce management solution allows everyone across the enterprise to have access to relevant data as part of their natural workflow. This not only limits fatigue and repetitive work but also helps in making informed decisions. Company-wide issues with disjointed datasets are considerably difficult to resolve manually. With a modern workforce management system, companies can address employees' and managers' needs in real-time, which is crucial for reducing labor and operational costs. Automation plays a key role in reducing labor costs. Tools such as automated workflows, project management software, and AI-powered systems can help introduce automation in the workflow, decreasing the time it takes to complete labor-intensive tasks and boosting cost savings. Automation is particularly beneficial for reducing labor costs in manufacturing and other industries. Automated workflows allow systems to effectively handle the tasks, which allows employees to focus on more high-touch tasks in the organization. For instance, Ernst & Young successfully reduced labor costs and improved workflow management. The company conducted a study to estimate the total costs associated with HR tasks and found that labor costs represented most of the total costs related to these tasks. By implementing a fully automated workflow management solution, they were able to boost efficiency and reduce operating expenses, allowing management and HR to focus on strategic activities. Thus, the rising demand for reduction in labor and operational costs fuels the workflow management system market growth.

Europe Workflow Management System Market Overview

In Europe, the adoption of workflow management systems within the healthcare sector is primarily ascribed to a constant need to modernize processes, optimize operational efficiencies, and establish a cohesive framework for efficient workflows. The management process encompasses the coordination of healthcare procedures from initial patient interaction to discharge, ensuring a seamless patient experience and facilitating interdisciplinary communications among healthcare professionals to bolster collaborative efforts. Agfa HealthCare, a prominent provider of IT-driven clinical workflow and diagnostic imaging solutions, provides tailored workflow management solutions that align with the specific requirements of healthcare institutions in Europe. Its workflow management solutions concentrate on managing clinical processes with the goal of streamlining workflows, enhancing care coordination, and maximizing the utilization of healthcare resources, ultimately contributing to improved patient outcomes and operational efficacy within healthcare establishments throughout Europe.

In April 2024, after 3 years of committed research and collaborative endeavors, the eFlows4HPC project successfully unveiled a comprehensive workflow management platform along with a range of services that facilitate the seamless integration of high-performance computing (HPC) simulation and modeling, integrated with Big Data analytics and machine learning capabilities. The project has achieved significant progress in defining complex workflows, leading to improved workflow efficiency and enhanced development and deployment outcomes. This innovative technology by eFlows4HPC is expected to benefit a variety of scientific and industrial domains, including geosciences, climate science, and manufacturing, along with other initiatives within the European HPC and scientific applications ecosystem.

Europe Workflow Management System Market Revenue and Forecast to 2031 (US$ Million)

Europe Workflow Management System Market Segmentation

The Europe workflow management system market is categorized into component, deployment mode, end user, and country.

Based on component, the Europe workflow management system market is bifurcated into software and services. The software segment held a larger market share in 2023.

In terms of deployment mode, the Europe workflow management system market is bifurcated into cloud and on-premises. The cloud segment held a larger market share in 2023.

Based on end user, the Europe workflow management system market is segmented into BFSI, healthcare and life sciences, IT and Telecom, transportation and logistics, retail, food and beverage, cosmetic industry, and others. The BFSI segment held the largest market share in 2023.

By country, the Europe workflow management system market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe Workflow Management System market share in 2023.

Apian Corp, Bizagi, Newgen Software Technologies Ltd, Nintex UK Ltd, Oracle Corp, International Business Machines Corp, Pegasystems Inc, Software AG, Integrify Inc, Xerox Corporation, Kissflow Inc, Zapier Inc, Bizzmine, MasterControl Inc, Honeywell International Inc, Dot Compliance Ltd, Veeva Systems Inc, PQE Group, Alten Group, Adeodata, and Pharma D&S s.r.l are some of the leading companies operating in the Europe Workflow Management System market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macro-economic factor analysis:
  3.2.1 Developing base number:
  3.2.2 Data Triangulation:
  3.2.3 Country level data:

4. EUROPE WORKFLOW MANAGEMENT SYSTEM MARKET LANDSCAPE

4.1 Overview
4.2 Ecosystem Analysis
  4.2.1 Software and Services Providers:
  4.2.2 System Integrators:
  4.2.3 End Users:
  4.2.4 List of Vendors in the Value Chain

5. EUROPE WORKFLOW MANAGEMENT SYSTEM MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Growing Number of Digital Transformation Initiatives
  5.1.2 Rising Demand for Reduction in Labor and Operational Costs
5.2 Market Restraints
  5.2.1 High Cost of Workflow Management Application
5.3 Market Opportunities
  5.3.1 Integration of Robotic Process Automation with Workflow Management System
5.4 Future Trends
  5.4.1 Automation-as-a-Service
5.5 Impact of Drivers and Restraints:

6. WORKFLOW MANAGEMENT SYSTEM MARKET – EUROPE MARKET ANALYSIS

6.1 Workflow Management System Market Revenue (US$ Million), 2021–2031
6.2 Workflow Management System Market Forecast Analysis

7. EUROPE WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS – BY COMPONENT

7.1 Software
  7.1.1 Overview
  7.1.2 Software: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
  7.1.3 Suite-Based Workflow Systems
    7.1.3.1 Overview
    7.1.3.2 Suite-Based Workflow Systems: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
  7.1.4 Web-Based Workflow Systems
    7.1.4.1 Overview
    7.1.4.2 Web-Based Workflow Systems: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
  7.1.5 Production Workflow Systems
    7.1.5.1 Overview
    7.1.5.2 Production Workflow Systems: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
  7.1.6 Messaging-Based Workflow System
    7.1.6.1 Overview
    7.1.6.2 Messaging-Based Workflow System: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Services
  7.2.1 Overview
  7.2.2 Services: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
  7.2.3 Integration and Implementation
    7.2.3.1 Overview
    7.2.3.2 Integration and Implementation: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
  7.2.4 Consulting
    7.2.4.1 Overview
    7.2.4.2 Consulting: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
  7.2.5 Training and Development
    7.2.5.1 Overview
    7.2.5.2 Training and Development: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)

8. EUROPE WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS – BY DEPLOYMENT MODE

8.1 Cloud
  8.1.1 Overview
  8.1.2 Cloud: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
8.2 On-Premises
  8.2.1 Overview
  8.2.2 On-Premises: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)

9. EUROPE WORKFLOW MANAGEMENT SYSTEM MARKET ANALYSIS – BY END USER

9.1 BFSI
  9.1.1 Overview
  9.1.2 BFSI: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Healthcare and Life Sciences
  9.2.1 Overview
  9.2.2 Healthcare and Life Sciences: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
9.3 IT and Telecom
  9.3.1 Overview
  9.3.2 IT and Telecom: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Transportation and Logistics
  9.4.1 Overview
  9.4.2 Transportation and Logistics: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Retail
  9.5.1 Overview
  9.5.2 Retail: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Food and Beverages
  9.6.1 Overview
  9.6.2 Food and Beverages: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
9.7 Cosmetic Industry
  9.7.1 Overview
  9.7.2 Cosmetic Industry: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
9.8 Others
  9.8.1 Overview
  9.8.2 Others: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)

10. EUROPE WORKFLOW MANAGEMENT SYSTEM MARKET – COUNTRY ANALYSIS

10.1 Europe
  10.1.1 Europe: Workflow Management System Market – Revenue and Forecast Analysis – by Country
    10.1.1.1 Europe: Workflow Management System Market – Revenue and Forecast Analysis – by Country
    10.1.1.2 Germany: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
      10.1.1.2.1 Germany: Workflow Management System Market Breakdown, by Component
        10.1.1.2.1.1 Germany: Workflow Management System Market Breakdown, by Software
        10.1.1.2.1.2 Germany: Workflow Management System Market Breakdown, by Services
      10.1.1.2.2 Germany: Workflow Management System Market Breakdown, by Deployment Mode
      10.1.1.2.3 Germany: Workflow Management System Market Breakdown, by End User
    10.1.1.3 United Kingdom: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
      10.1.1.3.1 United Kingdom: Workflow Management System Market Breakdown, by Component
        10.1.1.3.1.1 United Kingdom: Workflow Management System Market Breakdown, by Software
        10.1.1.3.1.2 United Kingdom: Workflow Management System Market Breakdown, by Services
      10.1.1.3.2 United Kingdom: Workflow Management System Market Breakdown, by Deployment Mode
      10.1.1.3.3 United Kingdom: Workflow Management System Market Breakdown, by End User
    10.1.1.4 France: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
      10.1.1.4.1 France: Workflow Management System Market Breakdown, by Component
        10.1.1.4.1.1 France: Workflow Management System Market Breakdown, by Software
        10.1.1.4.1.2 France: Workflow Management System Market Breakdown, by Services
      10.1.1.4.2 France: Workflow Management System Market Breakdown, by Deployment Mode
      10.1.1.4.3 France: Workflow Management System Market Breakdown, by End User
    10.1.1.5 Italy: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
      10.1.1.5.1 Italy: Workflow Management System Market Breakdown, by Component
        10.1.1.5.1.1 Italy: Workflow Management System Market Breakdown, by Software
        10.1.1.5.1.2 Italy: Workflow Management System Market Breakdown, by Services
      10.1.1.5.2 Italy: Workflow Management System Market Breakdown, by Deployment Mode
      10.1.1.5.3 Italy: Workflow Management System Market Breakdown, by End User
    10.1.1.6 Russia: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
      10.1.1.6.1 Russia: Workflow Management System Market Breakdown, by Component
        10.1.1.6.1.1 Russia: Workflow Management System Market Breakdown, by Software
        10.1.1.6.1.2 Russia: Workflow Management System Market Breakdown, by Services
      10.1.1.6.2 Russia: Workflow Management System Market Breakdown, by Deployment Mode
      10.1.1.6.3 Russia: Workflow Management System Market Breakdown, by End User
    10.1.1.7 Rest of Europe: Workflow Management System Market – Revenue and Forecast to 2031 (US$ Million)
      10.1.1.7.1 Rest of Europe: Workflow Management System Market Breakdown, by Component
        10.1.1.7.1.1 Rest of Europe: Workflow Management System Market Breakdown, by Software
        10.1.1.7.1.2 Rest of Europe: Workflow Management System Market Breakdown, by Services
      10.1.1.7.2 Rest of Europe: Workflow Management System Market Breakdown, by Deployment Mode
      10.1.1.7.3 Rest of Europe: Workflow Management System Market Breakdown, by End User

11. COMPETITIVE LANDSCAPE

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. INDUSTRY LANDSCAPE

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. COMPANY PROFILES

13.1 Appian Corp
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 Newgen Software Technologies Ltd.
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 Nintex UK Ltd
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 Oracle Corp
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments
13.5 International Business Machines Corp
  13.5.1 Key Facts
  13.5.2 Business Description
  13.5.3 Products and Services
  13.5.4 Financial Overview
  13.5.5 SWOT Analysis
  13.5.6 Key Developments
13.6 Pegasystems Inc
  13.6.1 Key Facts
  13.6.2 Business Description
  13.6.3 Products and Services
  13.6.4 Financial Overview
  13.6.5 SWOT Analysis
  13.6.6 Key Developments
13.7 Software AG
  13.7.1 Key Facts
  13.7.2 Business Description
  13.7.3 Products and Services
  13.7.4 Financial Overview
  13.7.5 SWOT Analysis
  13.7.6 Key Developments
13.8 Xerox Corporation
  13.8.1 Key Facts
  13.8.2 Business Description
  13.8.3 Products and Services
  13.8.4 Financial Overview
  13.8.5 SWOT Analysis
  13.8.6 Key Developments
13.9 S4BT Srl
  13.9.1 Key Facts
  13.9.2 Business Description
  13.9.3 Products and Services
  13.9.4 Financial Overview
  13.9.5 SWOT Analysis
  13.9.6 Key Developments
13.10 Analysis s.r.l.
  13.10.1 Key Facts
  13.10.2 Business Description
  13.10.3 Products and Services
  13.10.4 Financial Overview
  13.10.5 SWOT Analysis
  13.10.6 Key Developments
13.11 Bizzmine
  13.11.1 Key Facts
  13.11.2 Business Description
  13.11.3 Products and Services
  13.11.4 Financial Overview
  13.11.5 SWOT Analysis
  13.11.6 Key Developments
13.12 MasterControl Inc.
  13.12.1 Key Facts
  13.12.2 Business Description
  13.12.3 Products and Services
  13.12.4 Financial Overview
  13.12.5 SWOT Analysis
  13.12.6 Key Developments
13.13 Honeywell International Inc
  13.13.1 Key Facts
  13.13.2 Business Description
  13.13.3 Products and Services
  13.13.4 Financial Overview
  13.13.5 SWOT Analysis
  13.13.6 Key Developments
13.14 Dot Compliance Ltd.
  13.14.1 Key Facts
  13.14.2 Business Description
  13.14.3 Products and Services
  13.14.4 Financial Overview
  13.14.5 SWOT Analysis
  13.14.6 Key Developments
13.15 Veeva Systems Inc
  13.15.1 Key Facts
  13.15.2 Business Description
  13.15.3 Products and Services
  13.15.4 Financial Overview
  13.15.5 SWOT Analysis
  13.15.6 Key Developments
13.16 Bluenext Srl
  13.16.1 Key Facts
  13.16.2 Business Description
  13.16.3 Products and Services
  13.16.4 Financial Overview
  13.16.5 SWOT Analysis
  13.16.6 Key Developments
13.17 JSB Solutions Srl
  13.17.1 Key Facts
  13.17.2 Business Description
  13.17.3 Products and Services
  13.17.4 Financial Overview
  13.17.5 SWOT Analysis
  13.17.6 Key Developments
13.18 PQE Group
  13.18.1 Key Facts
  13.18.2 Business Description
  13.18.3 Products and Services
  13.18.4 Financial Overview
  13.18.5 SWOT Analysis
  13.18.6 Key Developments
13.19 Adeodata
  13.19.1 Key Facts
  13.19.2 Business Description
  13.19.3 Products and Services
  13.19.4 Financial Overview
  13.19.5 SWOT Analysis
  13.19.6 Key Developments
13.20 Alten Group
  13.20.1 Key Facts
  13.20.2 Business Description
  13.20.3 Products and Services
  13.20.4 Financial Overview
  13.20.5 SWOT Analysis
  13.20.6 Key Developments
13.21 Pharma D&S s.r.l.
  13.21.1 Key Facts
  13.21.2 Business Description
  13.21.3 Products and Services
  13.21.4 Financial Overview
  13.21.5 SWOT Analysis
  13.21.6 Key Developments

14. APPENDIX

14.1 About The Insight Partners
14.2 Word Index


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