Press release
2025-2034 Form Automation Software Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Form Automation Software
How Large Will the Form Automation Software Market Size By 2025?
In recent times, there has been a rapid exponential growth in the form automation software market. The market, valued at $16.94 billion in 2024, is predicted to surge to $20.44 billion in 2025, reflecting a compound annual growth rate (CAGR) of 20.7%. This significant growth during the historical period is due to factors such as the growing need for efficiency, an increase in the demand for digital transformation, the rise in paperwork volume, initiatives to reduce costs, and the introduction of robotic process automation (RPA).
How Big Is the Form Automation Software Market Size Expected to Grow by 2029?
Expectations are high for the form automation software market size to experience fast-paced growth in the coming few years. The market is projected to expand to $41.47 billion by 2029, with a compound annual growth rate (CAGR) of 19.3%. The boom during this forecasted interval is largely due to heightened security features, customizable workflow automation, a spotlight on user experience (UX), cross-functionality with other software systems, and tailoring of solutions specific to certain industries. The anticipated major trends during this period include an embrace of blockchain for data security, a shift towards platforms that require low or no code, automation powered by artificial intelligence (AI), the uptake of hybrid cloud solutions, and the emergence of intelligent document processing (IDP).
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Which Key Market Drivers Powering Form Automation Software Market Expansion and Growth?
The form automation market is projected to thrive due to the escalating adoption rates of cloud computing. Cloud-based services, which refer to the virtual delivery of computing resources and applications, permit users to leverage them remotely without the requirement for extensive hardware or infrastructure. Factors contributing to the rising adoption of cloud computing include scalability, cost-efficiency, improved team collaboration, increased flexibility, and a strong demand for remote access to data and applications. Form automation software simplifies the transformation from traditional paper-based processes to digital platforms, improving workflow, boosting efficiency, and furthering the use of cloud-based computing by minimizing dependence on physical infrastructure and allowing easier integration with cloud platforms. A significant example comes from the December 2023 statistics published by Eurostat, a Luxembourg-based statistical office of the European Union. These statistics illustrate a 4.2% point increase from 2021 to 2023 in enterprises purchasing cloud computing services within the EU. Of these businesses, 42.5% opted for these services primarily for email, storage, and office software. This growing adoption of cloud computing is thus propelling the expansion of the form automation market.
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Which Fast-Growing Trends Are Poised to Disrupt the Form Automation Software Market?
Key market players in the form automation software industry are shifting their emphasis towards creating progressive solutions such as online forms and workflow automation softwares. These are designed to simplify the making, management and processing of digital forms, alongside automating related workflows and activities, promoting proficient data collection and lead generation. For example, in September 2023, Jotform Inc., an American online form creator firm, launched Jotform for Salesforce via the Salesforce AppExchange. With this, they offer a comprehensive form automation platform integrating a no-code form maker, an e-signature mechanism, a mobile app maker, approval tracks, an automatic report creator, Salesforce connectivity, and object mapping. This launch marks a notable technological advancement in the form automation software sector, further facilitating integration with Salesforce, a range of efficient solutions for different industries, and user-friendly applications, thus sparking accessibility and innovation within the market.
What Are the Emerging Segments in the Form Automation Software Market?
The form automation softwaremarket 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
Subsegments:
1) By Cloud-Based: Saas (Software As A Service) Form Automation, Cloud Form Builders, Cloud-Based Workflow Automation
2) By On-Premise: On-Premise Form Automation Software, Self-Hosted Form Automation Solutions, On-Premise Workflow Management Tools
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Who Are the Global Leaders in the Form Automation Software Market?
Major companies operating in the form automation software market report are Microsoft Corporation; IBM Corporation; Adobe Inc.; Rockwell Automation Inc.; OpenText Corporation; Zoho Corporation Pvt. Ltd.; Monday.com; Nintex Group Limited; KiSSFLOW; JotForm Inc.; FormStack LLC; ProcessMaker; K2 Software Inc.; GoCanvas; GoSpotCheck; ProntoForms Corporation; Pardot LLC; Process flows; GoFormz; Cognito LLC; Forms On Fire Inc.; Kizeo SAS; Device Magic; iFormBuilder; PaperForm; PerfectApps Inc.; Capptions.com
Which are the Top Profitable Regional Markets for the Form Automation Software Industry?
North America was the largest region in the form automation software market in 2024. 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.
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