Global Business Process Management (BPM) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
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MarketResearch.biz delivers in-depth insights on the global business process management (BPM) market in its upcoming report titled, “Global Business Process Management (BPM) Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global business process management (BPM) market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global business process management (BPM) market report has been segmented on the basis of component, functionality, deployment mode, organization size, industry vertical, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Business process management is a discipline that aids in improvement of end-to-end business process by monitoring, analyzing, modeling, and automating various business functions.
Increasing adoption of automated services especially by large scaled enterprises so as to improve efficiency and to streamline their business functions is a major factor driving growth of the global business process management (BPM) market. In addition, increasing adoption of cloud-based services and big-data tools is another factor driving growth of the global business process management (BPM) market.
Initial cost of business process management software is a major factor hampering growth business process management (BPM) market. In addition, resistance towards adoption of business process management solution by middle management is an another factor restraining growth of the global market to a significant extent. However, increasing demand for business analytic tools and services is expected to create lucrative business opportunities for major services providers in the global market over the forecast period.
The North America market accounts for highest share in the global business process management (BPM) market in terms of revenue and is expected to maintain its dominance over the forecast period. Early adoption of cloud based services and presence of major vendors are major factors driving growth of the North America business process management (BPM) market. The Europe market accounts for considerable share in terms of revenue in the global market. The Europe business process management (BPM) market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period. The Asia Pacific business process management (BPM) market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% over the next 10 years.
Global business process management (BPM) market segmentation:
Segmentation on the basis of component:
Segmentation on the basis of functionality:
- Human Resource
- Accounting and Finance
- Sales and Marketing
- Operation and Supply Chain Management
Segmentation on the basis of deployment type:
Segmentation on the basis of organization size:
- Small and medium-sized enterprises SMEs
- Large enterprises
Segmentation on the basis of industry vertical:
- Government & Defense
- IT & Telecom
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- IBM Corporation
- Appian Corp.
- Capgemini SE
- Cognizant Technology Solutions Corp.
- Oracle Corp.
- International Business Machines Corporation
- OpenText Corp.
- Pegasystems, Inc.
- Red Hat, Inc.
- SAP SE
- Software AG
- Adobe Systems
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