How Is The Global Form Automation Software Market Defined?
Form automation software refers to digital tools that streamline form creation, distribution, and data collection processes, enhancing efficiency by automating data capture and processing. It is used to facilitate tasks such as employee onboarding, customer surveys, patient intake in healthcare, and e-commerce order processing through streamlined data collection and processing.
Form Automation Software Global Market Report 2024 provides data on the global form automation software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Form Automation Software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Form Automation Software Market Size Expected To Expand, And At What Annual Growth Rate?
The form automation software market has experienced exponential growth, rising from $14.00 billion in 2023 to $16.94 billion in 2024, with a compound annual growth rate (CAGR) of 21.0%. This growth in the historic period is driven by the increasing need for operational efficiency, rising demand for digital transformation initiatives across industries, growth in paperwork volumes necessitating automation, cost reduction imperatives, and the emergence of robotic process automation (RPA) solutions. Looking ahead, the market is projected to reach $36.59 billion by 2028, maintaining a CAGR of 21.2%. Growth drivers in the forecast period include enhanced security features in automation software, customizable workflow automation solutions tailored to specific business needs, heightened focus on user experience (UX) enhancements, interoperability with other software systems, and the development of industry-specific automation solutions. Major trends expected in the forecast period include the integration of blockchain technology for enhanced data security, the shift towards low-code or no-code development platforms, the incorporation of artificial intelligence (AI) to drive automation processes, adoption of hybrid cloud solutions for enhanced flexibility, and the rise of intelligent document processing (IDP) solutions for streamlined document management.
What Are The Key Drivers Fueling Growth In The Form Automation Software Market?
The increasing adoption of cloud computing is expected to drive the growth of the form automation market in the coming years. Cloud computing services deliver IT resources and applications over the internet, offering scalability, cost-effectiveness, improved collaboration, flexibility, and remote access advantages. Form automation software facilitates the transition from paper-based processes to digital platforms, streamlining workflows and enhancing efficiency by integrating with cloud platforms. Eurostat's December 2023 statistics indicate a significant increase in the adoption of cloud computing services among EU enterprises, underscoring the growing preference for cloud-based solutions. Therefore, the increasing adoption of cloud computing is propelling the growth of the form automation market.
Get Your Free Sample of the Global Form Automation Software Market Report
What Are The Principal Market Segments In The Global Form Automation Software Industry?
The form automation software market covered in this report is segmented –
1) By Type: Cloud Based, On-Premise
2) By Pricing Model: Subscription, One-Time
3) By Application: Invoices, Contracts, Employee Onboarding, Surveys And Feedback Forms, Other Applications
4) By Industry Vertical: Banking Financial Services And Insurance (BFSI), Retail And E-commerce, Telecommunication, Education, Media And Entertainment, Healthcare, Other Industry Verticals
Which Emerging Market Trends Are Altering The Form Automation Software Sector?
Major companies in the form automation software sector are increasingly focusing on developing sophisticated solutions like online forms and workflow automation tools to streamline data collection and lead generation. These solutions involve software platforms designed to facilitate the creation, management, and processing of digital forms, as well as to automate associated workflows and tasks. For example, in September 2023, Jotform Inc., a US-based company specializing in online form building, introduced Jotform for Salesforce on Salesforce AppExchange. This platform features integrated, advanced form automation, including a no-code form builder, an e-signature tool, a mobile app builder, approval workflows, an automated report generator, Salesforce integration, and object mapping. This development represents a significant technological advancement in form automation software, offering seamless Salesforce integration, versatile industry solutions, enhanced efficiency, and user-friendly tools, thus driving innovation and adoption in the market.
What Is The Leading Region In The Form Automation Software Market?
North America was the largest region in the form automation software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the form automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
