Business Process Management Market - Trends Forecast Till 2028

Business Process Management Market, by Component, Deployment Type, Organization Size, Business Function (Sales and Marketing, HRM, Procurement and SCM, and Customer Service Support), Industry and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-IT-BPMM-404

Format:  

Number of Pages: 291

Domain: IT & Telecom

Business Process Management Market – Trends Forecast Till 2028

The global Business Process Management market size is projected to reach USD 14.6 billion by 2026 at a CAGR of 10.8% from USD 9 billion in 2021 during the forecast period 2021-2028.

There are various process in an business which like onboarding a new employee or shipment of a product to the customer when these processes are managed by a BPM discipline which uses various method to not just discover, analyse but also to optimize and improve the business.

Streamlined communication, optimized use of resources along with automated it system are some of the factors that have supported long-term expansion for Business Process Management Market.

Business Process Management Market Analysis

APAC is expected to be the largest market during the forecast period. The surge in demand for BPM software and services along with the extensive possible growth in the sector are available in the region.

Business Process Management Market is segmented into Component, Business Function, Deployment Type, Organization Size, Industry and geography.

On the basis of Component

  • Platform
  • Services

On the basis of Business 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)

On the basis of Industry

  • BFSI
  • IT
  • Telecommunication
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Others (Transportation and Logistics, Government, and Media and Entertainment)

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Business Process Management Market Primary Respondents

 

Key Players

  • Pegasystems
  • Appian  
  • IBM  
  • Oracle  
  • Software AG
  • Nintex  
  • OpenText
  • Newgen Software
  • Genpact  
  • TIBCO  
  • Bizagi
  • ProcessMaker
  • Creatio  
  • AgilePoint
  • BP Logix  
  • K2  
  • Bonitasoft
  • Kissflow
  • Kofax
  • AuraPortal

Recent Developments

  • In January 2020, Appian signed a partnership with Celonis, which is the market leader in AI-enhanced process mining and process excellence software. The partnership is expected to accelerate customers’ digital transformation journey.
  • In January 2020, Nintex signed a pact with Auswide Bank in order to accelerate its business transformation journey. Auswide Bank has optimized its business processes by leveraging the process mapping, management, and automation capabilities of the Nintex Process Platform.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for  Business Process Management market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 9 billion

Growth Rate

CAGR of 10.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Component, Business Function, Deployment Type, Organization Size, Industry and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Pegasystems, Appian,  IBM,  Oracle,  Software AG, Nintex,  OpenText, Newgen Software, Genpact,  TIBCO,  Bizagi, ProcessMaker,  Creatio,  AgilePoint,  BP Logix,  K2,  Bonitasoft, Kissflow, Kofax,  and AuraPortal

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