By Scott Brandt, President & CEO, eQuorum
Scott Brandt
Engineering Workflow and Document Management Industry Trends for 2025
The future of engineering document and workflow management in 2025 is expected to be shaped by advancements in several key areas, driven by technological innovations and evolving business needs. The global document management market is predicted to grow to $14.29 billion by 2029, with a compound annual growth rate (CAGR) of 14.5% from 2024 to 2029. The workflow automation market, which overlaps with document management, is valued at USD 14.99 billion and is projected to reach USD 71.03 Billion by 2031, growing at a CAGR of 23.68% from 2024 to 2031.
The combined market for both document management and workflow automation is expected to show rapid expansion as businesses increasingly digitize, and automate their operations. Due to increasing digital transformation initiatives, a shift to cloud-based solutions and the rise of automation and AI technologies. Here are a few significant trends and developments that will likely define the industry in the coming years.
