Global Business Process Management Market Overview to 2020 - 2025
Brand Essence Market Research has recently developed a report on the ‘Business Process Management market’ which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.
Global Business Process Management Market is valued at USD 8.098 billion in 2019 and expected to reach USD 16.028 billion by 2026 with a CAGR of 10.24% over the forecast period.
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Scope of Global Business Process Management Market Reports –
Business Process Management (BPM) is the subset of operations management in which professionals applies various methods to discover, analyze, model, measure, improve, optimize and automate business processes. It is a managerial process of handling the business process of a company. The processes can be structured and repeatable or unstructured and variable. Each department of a company handles dozen or more core processes for their own use. With BPM, a company observes all the processes handled by departments as a whole and individually. The BPM analyzes the present state and identifies areas of development to generate a more efficient and effective organization.
Global Business Process Management Market Regional Analysis –
North America is the dominating market of business process management with highest share due to increasing adoption of cloud computing services, presence of main players such as IBM, Oracle, Appian, and Pega Systems and presence of big corporate organizations. For instance, large enterprises and manufacturers are inclining towards automation as the application of process automation in organizations enhances the consumer experience due to better customer service and decreased lead times which will drive the BPM market in this region. Europe is the second largest market of BPM due to established market environment, presence of government committees on BPM and frequent events and conferences organized to increase the awareness about BPM. For instance, EABPM (European Association of Business Process Management) is an organization formed by a group of legally independent national associations in Europe that are committed to the development and promotion of Business Process Management (BPM). Asia-Pacific is expected to have highest market growth due to rapid economic development of countries such as China, India and Indonesia, growing awareness about technological innovation and increasing adoption of BPM for efficient working environment.
Some major key players for global Business Process Management market are
Pegasystems
Appian
IBM
Bizagi
Oracle
Software AG
Nintex
OpenText
Newgen Software
GenpactTIBCO
ProcessMaker
Creatio
AgilePoint
BP Logix
K2
Bonitasoft
Kissflow
Kofax
AuraPortal
Global Business Process Management Market Segmentation –
by Component- Platform, Services
by Function- Human Resource Management (HRM), Procurement and Supply Chain Management (SCM), Sales and Marketing, Accounting and Finance, Customer Service Support, Others (Operations Management, Legal, and R&D)
by End user- BFSI, IT, Telecommunication, Retail and Consumer Goods, Healthcare and Life Sciences, Others
By Regional & Country Analysis
North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Latin America, Brazil, GCC, Africa, Rest of Middle East and Africa
Key Benefits for Global Business Process Management Market Reports–
Global Business Process Management Market report covers in depth historical and forecast analysis.
Global Business Process Management Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Business Process Management Market report helps to identify opportunities in marketplace.
Global Business Process Management Market report covers extensive analysis of emerging trends and competitive landscape.
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