Report Overview

Global Business Process Management Market: Overview

The Global Business Process Management market is anticipated to worth USD 13,490 million by 2025, with a CAGR of 13.9% during 2019-2025. Business process management (BPM) is the business solution approach for improving any business process from end to end by monitoring, modeling, analyzing, measuring, optimizing, and helpful in automating business processes. BPM is not a one-time task, rather than it is an ongoing activity that involves continuous processing of re-engineering. BPM is not a one-time task, rather it involves continuous evaluation of the processes and includes taking actions to improve the total flow of processes that utilizing applications of re-engineering.

The growing demand of Business Process Management in the enterprise for reducing its overall operating cost and improving the overall efficiency of the business as in terms of software and services are vital factors expected to encourage the growth of the global Business Process Management market in the upcoming period. In addition, the emergence of advanced technology like cloud computing and Big Data which offering better efficiency in BPM software and increased IT expenditure are others factors estimated to accelerate the growth of the market in the next few years.

Moreover, the growing dependency of business organizations on process-oriented tools for automation system will also fuel the growth of the Business Process Management market in the forecast period. Additionally, through the use of Business process management organizations making improvement in customer satisfaction level, revamping their organizational responsiveness and enhancing business coordination and control which will contribute in the growth of Business Process Management market in upcoming periods. Furthermore, the Organization’s benefits of using Business Process Management which provide the improvement in operational efficiency, better customer service, and enhanced product and service innovation will drive the Business Process Management market over the forecast period.

Business Process Management Solution Type analysis

On the basis of Solution type, the Business Process Management market has been segmented into Automation, Process Modelling, Content & Document Management, Monitoring & Optimization, and Integration. Automation segment dominates the global Business Process Management owing to increasing productivity and improving the efficiency of organizations. Moreover, application of automation BPM in reducing the production cost and requirement of connecting & understanding the rapid change in choice, lifestyle etc. of the end user in a very span of time will boost the automation market over the forecast period. Process modeling market will influence by its application to improve efficiency, make transparency in the whole organization’s processes and tweak business operations through process agility. Monitoring & Optimization segment will drive by improving customer services, identifying the potential opportunities for cost savings or other improvements; and then, applying BPM application in the design process.

Business Process Management Service Type analysis

On the basis of Service type, the Business Process Management market has been segmented into System integration, Consulting, and Training & Education. System integration dominates the market owing to its application; any organizations can have more control over their operations system by monitoring and optimization process. Moreover, system integration provides a speed up process through the real-time execution of processes even when a team is geographically dispersed. The consulting market will boost by application of BPM in organizations to provide efficiency, effectiveness, and agility in their business operations.

Business Process Management Application Type analysis

On the basis of application, the global Business Process Management market has been segmented into BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, and Government & Defense. By application type, BFSI will lead market due to the application of BPM in banking to help in streamlining all critical processes and making easy in the decision-making process. Moreover, BPM saves resource time and improves the productivity of the staff in the banking industry will boost the BPM market in the banking industry in the forecast period. Government & Defense is expected to grow at the fastest rate during the forecast period owing to application of e-governance, government organizations facilitating the provision of government services to end-user of the country. Moreover, BPM applications in government organizations to automate workflows, aggregate and analyze data, improve record-keeping, boost productivity, respond to citizen requests and cut costs. IT & Telecom will drive by optimizing business processes to increase efficiency, improve outcomes and respond quickly to consumer demand or regulation on the basis of their demand. Healthcare will trigger by monitoring regional disease trends can help gauge the effectiveness of certain vaccines, as well as predict future needs.

Business Process Management Deployment Type analysis

On the basis of Deployment type, the Business Process Management market has been segmented into Cloud-based and On-Premise. On-premise based BPM will dominate the market in the account of its data security and control that comes with having the system in the office. Moreover, On-premise BPM software can be customized much easier way, which offers a greater advantage in specific industries. Cloud-Based BPM will be the fastest growing market due to its scalability, efficiency and cost minimization.

Business Process Management End-User Type analysis

On the basis of End-user type, the Business Process Management market has been segmented into SME and Large Enterprise. Large Enterprise segment will lead market owing to the use of BPM to managing the enormous resources from various sources including managing the enormous resources from numerous sources including websites, emails, and other intranet portals. Moreover, easy accessibility and monitoring of any department from top management will trigger the BPM market in large enterprises. SME will fastest growing market due to its application in the realignment of all business processes.

Regional analysis of the Business Process Management market

On the basis of region, the Business Process Management market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world Business Process Management market over the forecast period owing to the presence of a large number of solution and service vendors based on the USA. Moreover, huge demand for BPM in healthcare and IT industry is one of the key factors estimated to fuel the growth of the North America market in the next few years. Asia Pacific is projected to be the fastest growing market throughout the forecast period due to the increasing penetration in internet users and growing demand in BFSI, healthcare &government organizations.

Objective of the Study:

·       To analyze and forecast market size of the world Business Process Management market, in terms useful & volume

·    To examine the careful market segmentation and forecast the market size, in terms useful, on the premise of region by segmenting world  Business Process Management market into 5 regions, namely, North America, Europe, Asia Pacific, Middle East and geographical area.

·        To outline, categorized and forecast the world Business Process Management on the premise of product kind and application.

·     To examine competitive developments like expansions, technological advancement, services, and regulative framework within the world         Business Process Management market.

·       To pinpoint the drivers and challenges for world Business Process Management Market

·       To spot the profile of leading players, that area unit concerned within the producing and provide off Business Process Management globally.

Global Business Process Management Market Competitive Landscape

Companies, such as IBM Corp., Microsoft Corp., Oracle Corp., SAPSE, TIBCO Software, web MethodsI, Appian Corp., Global 360, BizFlow Corp, EMC Corp., Pegasystems, Inc., Peoples soft, Capgemini Group, Software AG, RedHat, K2, BPLogix, Open Text Corporation, Verisae, Inc, Dell Emc, Microsoft Biz Talk Server, Adobe, Fujitsu, Fabasoft, Hewlett Packard, SAP Frankfurt Stock Exchange, and Ultimus are the key players for providing services of Business Process Management. In terms of services offerings, Pegasystems, Inc., IBM Corp., Progress Software, and Appian Corp. are the major players in the market.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Global Business Process Management services providers

·         Research organizations and consulting companies

·         Global Business Process Management solutions providers

·         Organizations, associations and alliances related to Business Process Management market

·         Regulatory bodies

Scope of the Report

By Solution

·         Process Modeling,

·         Content & Document Management

·         Monitoring & Optimization

·         Integration

By Service

·         System integration

·         Consulting

·         Training & Education

By Application

·         BFSI

·         IT & Telecom

·         Retail

·         Manufacturing

·         Healthcare

·         Government & Defense

By Deployment

·         Cloud-based

·         On-Premise

 By End-User

·         SME

·         Large Enterprise

In addition, the report provides analysis of the Business Process Management market with respect to the following geographic segments:

• North America

  • ·         U.S.

    ·         Canada

• Europe

  • ·         Germany

    ·         UK.

    ·         Italy

    ·         France

    ·         Rest of Europe

• Asia Pacific (APAC)

  • ·         China

    ·         India

    ·         Japan

    ·         Australia

    ·         South Korea

    ·         Indonesia

    ·         Rest of Asia Pacific

• LATAM

  • ·         Brazil

    ·         Argentina

    ·         Rest of Latin America

• MEA

  • ·         Saudi Africa

    ·         UAE

    ·         Egypt

    ·         Rest of Middle-East

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.