The global case management software (CMS) market is projected to reach a valuation of US$ 6.7 Bn in 2022, with sales growing at a 9.2% CAGR over the forecast period.
As per FMI, rapid technological advancements, and introduction of Big Data, artificial intelligence (AI), cloud computing, machine learning (ML) and automation are driving sales of CMS. These technologies have become essential in improving economic competitiveness, thereby propelling the growth in the market.
Healthcare, insurance, law, banking, and social services are the main sectors using case management solution to handle business processes easily. Due to advancements in software, hardware and communication technology, the case management technology is transforming the market gradually. With the help of CMS, industries such as BFSI and healthcare can reduce the expenditure and the time required in managing documents.
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Key Takeaways:
- By deployment mode, on-premises segment is anticipated to account for 52.5% of the global case management software market by 2032.
- Based on business function, total sales in the service request segment will hold 32.6% of the total market share over the forecast period.
- In terms of enterprise size, the small & mid-sized enterprises segment will expand at a 11% CAGR through 2032.
- By industry, the adoption of case management software in the healthcare sector will grow by 2.6x over the forecast period.
- Sales in the China CMS market will increase at a 7.1% CAGR over the assessment period.
- The U.K. will dominate the Europe case management software market, with demand growth at a 7.9% CAGR through 2032.
Competition Landscape
IBM, Athena Software, Needles, KANA, Social Solutions, Themis Solutions (Clio), AbacusLaw, MyCase, Smokeball, SmartAdvocate, Jarvis Legal, Anaqua, LegalEdge, HoudiniEsq, CosmoLex, Rocket Matter, Actionstep, Firm Central, Prevail, and CoCounselor are some of the leading players operating in the global case management software market.
As per FMI, top 5 players in the market are projected to account for approximately 30% of the total market share over the forecast period.
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More Valuable Insights on Case Management Software Market
FMI’s report on the case management software industry research is segmented into five major sections – by business function (service request, fraud detection and anti-money laundering, incident management, investigation management, legal workflow management), deployment mode (cloud based CMS, on-premises CMS), enterprise size (small & mid-sized enterprises, large enterprises), industry (IT & Telecom, retail, government, healthcare, BFSI, manufacturing, others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the case management software demand outlook.
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