The global workflow automation market is growing at a stellar pace in recent times. The business sector has undergone grassroot-level changes, and has embraced new technologies. Processes that can expedite the growth of businesses are readily adopted across industrial frameworks. There is a stellar need for improved workflows and functionalities across businesses, and industry leaders are earnest about accomplishing this requirement. The past decade has been resplendent with the development of improved technologies based on automation, artificial intelligence, and machine learning. In this scenario of rapid technological disruptions, the business sector is also looking to overhaul its operational dynamics. Therefore, the global workflow automation market is expected to attract increased revenues in the years to follow.
A report on the global workflow automation market by Transparency Market Research (TMR) uncovers several factors related to market growth. The global workflow automation market can be segmented on the basis of end-use, application, and region. Based on end-use, the demand for workflow automation in business functionalities has been tremendous. The indispensability of workflows within all organized businesses can be quoted as a key reason behind this trend.
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Global Workflow Automation Market: Notable Developments
The rapid strides of development that have offset across the business sector have given rise to several key changes in the competitive dynamics of the global workflow automation market.
Charlie AI, a Vancouver-based start-up, has recently launched its homegrown product for workflow automation. The company announced the limited release of its new product that is meant to automate workflows across the financial domain of businesses. The start-up has successfully developed a solution that can expedite tasks related to scheduling, customer communications, and invoicing. The intent behind the product is to expedite processes that may otherwise consume excessive time.
Asana, a renowned work management vendor, has also entered into the workflow automation market. The company has added a range of new automation features to its existing solutions. It has ventured into the area of digitizing text from images, and this is a key development for the company.