Appian Corporation (Virginia, United States),IBM Corporation (New York, United States),Kissflow (Chennai, India),Laserfiche (California, United States),Pegasystems, Inc. (Massachusetts, United States),BP Logix, Inc. (California, United States),Fujitsu Ltd. (Tokyo, Japan),Opentext, Inc. (Waterloo, Canada),Infosys Ltd. (Bengaluru, India)
The global business process management market size was USD 10.64 billion in 2020. The global market exhibited a significant growth of 11.2% in 2020 as compared to year-on-year growth during 2017-2019. The market is projected to grow from USD 11.84 billion in 2021 to USD 26.18 billion in 2028 at a CAGR of 12.0% during the 2021-2028 period.
Report 2022-2029, has been prepared based on an in-depth market analysis with inputs from industry experts. TheBusiness Process Management Marketstudy sheds light on the important growth dynamics expected to prevail across the assessment period 2022-2029. It offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
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The report’s goal is to provide a detailed analysis of the Business Process Management Market. The study involves a study of complicated data in simple manner, as well as the industry’s past and current state, as well as anticipated market size and trends. The report examines all areas of the industry, with a focus on significant companies such as big players, followers, and newcomers.
The research includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market elements. External and internal factors that are expected to make a positive or negative impact on the industry have been examined, providing decision-makers with a clear futuristic vision of the industry.
The report covers an extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:
- Appian Corporation
- IBM Corporation
- Kissflow
- Laserfiche
- BP Logix, Inc.
- Fujitsu Ltd.
- Infosys Ltd.
- SourceCode Technology Holdings, Inc.
- Ninox
- Nintex Platform
- Opentext, Inc.
- Oracle Corporation
- Pegasystems, Inc.
- ProcessMaker.
- Quick Base
- Red Hat, Inc.
- Scoro Software
- Software AG
- Tibco Software
- Ultimus, Inc.
- SSandC Technologies, Inc.
Drivers
High Utilization of AI-equipped BPM Solutions to Boost Growth
In today’s technology-driven world, the introduction to artificial intelligence (AI) is supporting the creation of intelligent business process management systems across several reputed organizations. It is done by integrating AI with BPM software solutions and cloud capabilities. BPM platforms are, therefore, evolving persistently. Owing to this, it is further embedding numerous enriched processes, such as the internet of things (IoT), business activity monitoring, cloud capabilities, message-oriented middleware, and others. In the banking sector, for instance, BPM solutions equipped with AI are used the most in order to simplify processes, namely, report generation, document generation, contract management, and sales analysis.
However, a lack of awareness regarding the availability of such advanced solutions may obstruct the global business process management market growth.
Market Segmentation:
By Component
- Solution/Tools/Platform
- Services
By Deployment
By Organization Size
- Large Enterprises
- Small and Medium Sized Enterprises
By Functionality
- Accounting and Finance
- Sales and Marketing
- Human Resource
- Supply Chain Management
- Operations Management and Support
- Others (Customer Management, Etc.)
By Industry
- BFSI
- IT and Telecommunication
- Healthcare
- Manufacturing
- Others (Government, Media and Entertainment)
By Region
- North America
- United States (By Industry)
- Rest of Latin America
The report provides detailed insights on drivers, restraints, and opportunities to help the market players in devising several growth strategies. The rise in demand for compound semiconductor epitaxial wafer in consumer electronics, the surge in implementation of wafers in the automotive industry, and the increase in use of compound semiconductor wafers photovoltaic, photonics, spintronics, and others are expected to drive the growth of the global compound Business Process Management Market during the forecast period. On the other hand, the extortionate cost of wafer manufacturing is expected to hinder the growth to some extent. However, the increase in popularity of IoT in wafers is expected to create ample opportunities for the industry.
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What’s Included in the Report
- Global Business Process Management Market in Military and Aerospace Market size and growth projections, 2020- 2029
- Business Process Management Market in Military and Aerospace Market size, share, and growth projections across regions and countries, 2022- 2029
- Business Process Management Market in Military and Aerospace market size and CAGR of key products, applications, and end-user verticals, 2022- 2029
- Short and long term Business Process Management Market in Military and Aerospace Market trends, drivers, restraints, and opportunities
- Porter’s Five forces analysis
- Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest market news and developments
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the compound Business Process Management Market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global compound Business Process Management Market, owing to the prevalence of lockdowns in numerous countries across the globe. Lockdowns led to the closure of various electronics manufacturing hubs across the globe, adversely affecting the supply chain of Business Process Management Market. This created a shortage of materials, components, and finished goods. However, the market is expected to recoup soon.
The report offers detailed segmentation of the global compound Business Process Management Market based on type, deposition technology, product, application, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue-generating segments to accomplish growth in the future.
Based on product, the power segment generated the highest market share in 2020, garnering more than one-fourth of the global market. The transistor segment, on the other hand, would cite the fastest CAGR during the forecast period.
Product Overview
Management of Business Process Management Market deals with the creation of benefits for the past buying and provides incentives for future buying. The Rewards program provides the customer with strong value, with better customer penetration, cross-sales, and Market. A Market system comprises operational parameters that include; financing options, program design, and transaction types. It also incorporates different parameters of value such as redemption thresholds, reimbursement options, and earnings rates. Many organizations concentrate their activities on spending on Market programs. This allows the promotion of brands and continues to attract a new audience. It helps collect more information and insights to develop a more sophisticated customer profile. For the reason of its influence on the brand value and the capability of Business Process Management Market programs to sustain and attract potential customers, Market management is a key part of the seller strategy.
An in-depth qualitative and quantitative research of the global Business Process Management Market has been undertaken in this report. The study reckons various important aspects of the market by focusing on the historical and forecast data. Information pertaining to SWOT analysis as well as Porter’s five force model analysis has been encompassed in the report.
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Table of Contents
Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
Executive Summary
Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Business Process Management Market Opportunities
Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
Business Process Management Market Technology Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Business Process Management (BPM) Market Size And Forecast 2022-2028| Key Players – Ibm, Appian, Software Ag, Oracle, Pegasystems
