Overview and Scope
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.
Sizing and Forecast
The form automation software market size has grown exponentially in recent years. It will grow from $14.00 billion in 2023 to $16.94 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to increased need for efficiency, rise in demand for digital transformation, growth in volume of paperwork, cost reduction initiatives, and emergence of robotic process automation (RPA).
The form automation software market size is expected to see exponential growth in the next few years. It will grow to $36.59 billion in 2028 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to enhanced security features, customizable workflow automation, focus on user experience (UX), interoperability with other software systems, and industry-specific solutions development. Major trends in the forecast period include blockchain integration for data security, shift towards low-code or no-code platforms, artificial intelligence (AI)-driven automation, adoption of hybrid cloud solutions, and rise of intelligent document processing (IDP).
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
The increasing adoption of cloud computing is expected to drive the form automation market going forward. Cloud-based services refer to the delivery of computing resources and applications over the Internet, allowing users to access and utilize them remotely without the need for extensive hardware or infrastructure on their premises. The increasing adoption of cloud computing can be attributed to factors such as scalability, cost-effectiveness, improved collaboration, enhanced flexibility, and the growing demand for remote access to data and applications. Form automation software facilitates the seamless transition of traditionally paper-based processes to digital platforms, thereby streamlining workflows, enhancing efficiency, and encouraging the utilization of cloud-based computing by reducing reliance on physical infrastructure and enabling easier integration with cloud platforms. For instance, in December 2023, according to the statistics published by Eurostat, a Luxembourg-based statistical office of the European Union, the share of enterprises buying cloud computing services in the EU increased by 4.2% points from 2021 to 2023, with 42.5% of them opting for these services, primarily for e-mail, file storage, and office software. Therefore, the increasing adoption of cloud computing is driving the growth of the form automation market.
Key Industry Players
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
The form automation software market report table of contents includes:
1. Executive Summary
2. Form Automation Software Market Characteristics
3. Form Automation Software Market Trends And Strategies
4. Form Automation Software Market – Macro Economic Scenario
5. Global Form Automation Software Market Size and Growth
…..
32. Global Form Automation Software Market Competitive Benchmarking
33. Global Form Automation Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Form Automation Software Market
35. Form Automation Software Market Future Outlook and Potential Analysis
36. Appendix
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