TECHNOLOGY

At a CAGR of 16.3%, the Form Automation Software Market Shows a Positive Growth Outlook through 2032

According to a survey by FMI, the market for form automation software is estimated to be worth US$ 270.6 million in 2022 and US$ 1.2 billion by 2032, rising at a 16.3% CAGR. The increasing need for quick data processing systems that fill out forms quickly and remove headaches for businesses so they may concentrate on their core strengths

The market for form automation software is rapidly digitising, and new-age technologies are increasingly being integrated with automation software. Recurring manual chores and new ways to store and process data are also driving market growth.

Customers’ reluctance to use such software prevents firms from flourishing with speedier operations in two separate ways: first, it includes the production and management of electronic forms for digitising the various company components.

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The new integrated solutions like AI and Machine learning are collaborating with form automation software, making the platform more technically enabled. This allows the vendors to experiment and introduce new integrated spaces that deliver better control and faster processing.

The major restrictions that limit the growth of form automation software market are high capital investments, an incompetent workforce, and security compliances. The growing number of cyber-attacks and data theft are raising concerns over any new digital software that deals with data and storage spaces.

What is the Segmentation Outlook for the Form Automation Software Market?

  •  The software platforms segment is the largest segment and will hold the biggest portion of the market in the forecast period, thriving at CAGR of 15.8% through 2032, owing to factors like its common use and interactive user interface along with exciting price ranges and its effective implementation on SMEs and large enterprises.
  • On-premises segment is the biggest segment and will hold the largest portion of the market, flourishing at a CAGR of 15.9%, attributing to more control over data and storage along with faster transmission and easy implementation, increasing the security compliance levels.
  • The biggest and highest growing market is United States, flourishing at a CAGR of 15.9% between 2022-2032, growing because of the features like new corporate setups in the grown markets, startups and digitization of old working spaces.
  • The China being the second highest growing market globally will hold US$ 89.2 Mn by the end of 2032 as it thrives on a promising CAGR of 15.7% between 2022-2032 with Japan and South Korea growing alongside.

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COMPETITIVE LANDSCAPE:

Some of the form automation software market competitors listed in the FMI’s study on form automation software market are PaperForm, JotForm, Zoho Corporation, FormStack and ProntoForms.

Key Segments

By Component :

  • Software Platform
  • Services

By Pricing Analysis:

  • Licensing Based
  • Subscription-Based

By Deployment Type:

  • On-premises
  • Web-based

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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