Workflow automation refers to the automation of a business process, in whole or part, during which documents, tasks or information move between participants according to a defined set of rules to achieve or support an organizational objective. With increasing digitalization of various business processes, the need for improved efficiency and productivity has risen tremendously. Workflow automation software helps streamline routine tasks and rules-based assignments to various parties involved in a business process, thereby improving productivity while reducing costs. The introduction of robotic process automation (RPA) and artificial intelligence (AI) capabilities in workflow automation solutions has further accelerated the market growth.

The global workflow automation market is estimated to be valued at US$ 25373.66 million in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the workflow automation are China Resources Cement Holdings Limited, EuroCement Group, Vulcan Materials Company, LafargeHolcim, LSR Group, Adbri, Cemex, Heidelberg Cement AG, and Martin Marietta Materials. These players are focusing on new product launches and mergers & acquisitions to expand their global footprint.

There is growing demand for intelligent Workflow Automation Market tools that leverage AI/ML capabilities for enhanced decision-making. Integration of RPA with ML/AI is opening new opportunities for advanced automation.Major players are eyeing opportunities in developing markets like Asia Pacific and Middle East & Africa for global expansion, owing to rapid infrastructure growth in these regions.

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