Global Form Automation Software Market Analysis

Aug 2019| VMR1239A| Verified Market Research

Report Highlights

Form Automation Software Market Analysis

According to Verified Market Research, the Global Form Automaton Software Market was valued at USD 7.09 Billion in 2018 and is expected to witness a growth of 17.97% from 2019-2026 and reach USD 26.03 Billion by 2026.

The latest survey on Global Form Automation Software Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the Form Automation Software Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What is Form Automation Software Market?

Form Automation can be defined as a tool that is used by many businesses to aid them in eliminating the wasteful tasks and tedious manual work occurring from the routinely processes such as applications, contracts, questionnaires, surveys, almost everything that could be printed to paper. The principle idea of the system is to create, share, complete and manage forms electronically to eliminate waste and efficiency that can be caused while using the paper-based systems. Form automation systems can also help the organizations to store important forms and documents securely as well as provide a quick search option by giving access to only authorized users.

The form automation software can prove to be helpful for an organization in mainly two ways: Firstly, for creating and managing electronic forms; certain tools are used to completely digitized the life-cycle of a form as it allows for a truly paperless workflow, and the highest degree of automation and efficiency. The tools used can take the form of either a CRM or and electronic survey and contract, or even a report generated from analytical data. Secondly, a form of automation software can provide a wide scope for managing the legacy paper forms; the printed text is automatically scanned using Optical Character Recognition (OCR) techniques to create a digital copy of the document.

Form Automation Software Market Outlook

Form automation software offers time-saving features like a premade template or auto-fill forms that help the user to build and deploy workflows that can automate the recurring manual tasks. Due to the quick search feature, searching for forms in a digital database is more instant and saves more time for the employees of an organization to focus on the necessary things. The formats that are used for the workflow automation are mainly based on the optical character recognition (OCR), optical mark recognition (OMR), text, audio, video and other file formats. These formats are used to maintain than necessary records of business processes, thus eliminating the mundane business process and reducing human intervention.

Data privacy concerns could potentially hinder the market growth for form automation software market as it includes interference of third-party vendors. Reluctance among the customers/clients to adopt such software could also restrain the market over the forecast period.

Global Form Automation Software Market Segmentation

The Global Form Automation Software Market is segmented on the basis of Component, Pricing Analysis, Deployment Type and Geography.

Global Form Automation Software Market Competitive Landscape

The “Form Automation Software Market” study report offers a valuable insight with an emphasis on global market including some of the major players such as PaperForm, JotForm, Zoho Corporation, FormStack, ProntoForms, and Forms on fire. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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