The Business Process Management Market is expected to be around US$ 16.96 Billion by 2027 at a CAGR of 11.13% in the given forecast period.
Business process management is the discipline of improving a business process from end to end by analysing it, modelling how it works in an executing improvement, monitoring the improved process, different scenarios and continually optimizing it. Business process management is a discipline that contains a mixture of process modelling, measurement, automation, execution, control, and optimization of the business process flows in the alignment of the enterprise goals, customers, business partners, spanning systems, and employees. BPM is not a one-time task, but rather an ongoing activity that contains persistent process re-engineering. BPM often contains automating tasks within any given business process, although BPM is not a technology, and procedure improvements can happen outside of automation and without technology. Numerous factors that are expected to drive the development of the BPM market contain the integration of Artificial Intelligence and Machin Learning technologies with the BPM software, requirement for automated business process to decrease manual error, and improved IT systems to meet customers’ dynamic requirements.
The global Business Process Management market is segregated on the basis of component as Platform and Services. Based on business the global Business Process Management market is segmented in Human Resource Management (HRM), Procurement and Supply Chain Management (SCM), Sales and Marketing, Accounting and Finance, Customer Service Support, and Others. Based on industry the global Business Process Management market is segmented in BFSI, IT, Telecommunication, Retail and Consumer Goods, Healthcare and Life Sciences, and Others.
The global Business Process Management market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Business Process Management market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
IBM Corporation, OpenText Corporation, Oracle Corporation, Software AG, Tibco Software Inc., Fujitsu Ltd, Ultimus Inc., Logix Inc, Pegasystems Inc., Appian Corporation, and others are among the major players in the global Business Process Management market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Business Process Management Market has been segmented as below:
Business Process Management Market, By component
Business Process Management Market, By business
Business Process Management Market, By industry
Business Process Management Market, By Region
Business Process Management Market, By Company
The report covers:
Report Scope:
The global Business Process Management market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Business Process Management market share. Major industry players with significant revenue share include IBM Corporation, OpenText Corporation, Oracle Corporation, Software AG, Tibco Software Inc., Fujitsu Ltd, Ultimus Inc., Logix Inc, Pegasystems Inc., Appian Corporation, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Business Process Management Market, By component
5.1. Key Points
5.2. Platform
5.3. Services
6. Business Process Management Market, By business
6.1. Key Points
6.2. Human Resource Management
6.3. Procurement and Supply Chain Management
6.4. Sales and Marketing
6.5. Accounting and Finance
6.6. Customer Service Support
6.7. Others
7. Business Process Management Market, By industry
7.1. Key Points
7.2. BFSI
7.3. IT
7.4. Telecommunication
7.5. Retail and Consumer Goods
7.6. Healthcare and Life Sciences
7.7. Others
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 OpenText Corporation
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Oracle Corporation
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Software AG
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Tibco Software Inc.
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Fujitsu Ltd
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Ultimus Inc.
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Logix Inc
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 Pegasystems Inc.
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Appian Corporation
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Business Process Management Market has been segmented as below:
Business Process Management Market, By component
Business Process Management Market, By business
Business Process Management Market, By industry
Business Process Management Market, By Region
Business Process Management Market, By Company
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