According to new
market research report "Case
Management Market by Component
(Solution and Services), Service (Professional Services and Managed Services),
Business Function, Deployment Mode (Cloud and On-premises), Organization Size,
Vertical, and Region - Global Forecast to 2022", The case management market is expected to grow
from USD 4.79 Billion in 2017 to USD 7.62 Billion by 2022, at a Compound Annual
Growth Rate (CAGR) of 9.7% during the forecast period.
The major forces
driving the case management market growth are the ongoing trend of
digitalization in the IT industry and increasing demand for software automation
and innovative applications.
Browse and in-depth TOC on “Case Management Market”
70 - Tables
35 - Figures
128 – Pages
North America is expected to contribute to the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period.
North America is
expected to have the largest market share and dominate the case management
market during the forecast period, due to the high number of early technology
adopters in this region. Specific budget allocations and mandated case
management policies are expected to make North America the most lucrative
region for the growth of case management vendors. The increasing demand for
case management solutions in major verticals, such as government; Banking,
Financial Services, and Insurance (BFSI); and retail, is expected to be a major
factor supporting the overall growth of the case management market in the
region. The market in APAC is expected to grow at the highest CAGR during the
forecast period. The main reason for this high growth is the widespread
adoption of case management solutions in both Small and Medium-sized
Enterprises (SMEs) and large enterprises to simplify their business processes.
The retail vertical
is expected to grow at the highest CAGR in the case management market during
the forecast period.
The retail vertical
is expected to witness the fastest growth rate, as the vertical has increased
its spending in Customer Relationship Management (CRM) to manage customers’
needs, thereby helping enterprises in the vertical increase the efficiency of
their business processes. IT has become an essential part of every retail
business and has streamlined customer-centric processes in the retail vertical.
Companies are trying to improve their competitive edge, exceed customer
expectations, and increase revenues.
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The solution
segment is estimated to have the larger market share in the case management
market in 2017.
The demand for case
management solutions is increasing in organizations, irrespective of the
organization size. The deployment of case management solutions varies according
to the different needs of the end-users. The large enterprises segment is
estimated to dominate the market with the larger market size, as large
organizations in industries, such as banking and government, have various
complex business processes.
The major case
management vendors include Pegasystems (US), Appian (US), IBM (US), Newgen
Software (India), DST Systems (US), Dell Technologies (US), AINS (US),
Pulpstream (US), and Kofax (US).
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Content Source: https://www.marketsandmarkets.com/PressReleases/case-management.asp
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/case-management.asp
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