The global business process management market was valued at USD USD 9,100.00 million in 2018. Increasing demand for process automation is a key driving factor boosting the market growth. The business process management software helps organizations to follow the guidelines, rules, and standards such as filing financial reports, regulatory compliances, labor laws, etc. that are established by the government. The need for the software is to identify the practice precisely and to keep the same practice standards across all the units.

The factors contributing to the global business process management market include advancing organizational approachability & business synchronization and control, cost-effectiveness, business agility and venture returns from the business process management software. Continuous developments in business growth are one of the key growth factors of the business process management market. The more transitory driver can be a merger and an acquisition. The software associates organizational & technical skills of a business thus allowing them to support their purposes with the necessities of the clients. It offers suppleness & technical incorporation and encourages business productivity and accomplishment by enhancing business operations. The foremost advantages of the software are unifying the process formation, analysis & distribution in one central area, augmenting business processes, freeing up time for implementation and additional time to improve.

Factors such as misconception about the business process management among the operators, resistance to accepting from the IT workforce and the lack of clarity in terms of the value proposition as an IT solution are hindering the global market growth.

One of the significant trends is that supports the target industry growths are the growing integration of automation and the Internet of Things, with business process management. Currently, the business process management has received a considerable response, owing to its potential to ominously increase productivity and cut down expenses. Recent advanced BPM systems are plentifully available, by various organizations. As per the Capgemini, nearly 68% of companies showed that BPM is vital at the managerial level, and about 56% of companies predicted that they will upsurge their spendings in efficacy, in the coming years.

The global business process management market has been segmented based on type, application, and region. Based on type, the global business process management market is categorized into automation, content & document management, process improvement, integration, monitoring, and optimization. Based on the application, the business process management market is segmented into BFSI, government & defense, healthcare, IT & telecom, manufacturing, retail, and others. Geographically, North America dominated the global business process management market in 2018, however, Asia Pacific is expected to be the fastest-growing region by 2025.

Key players operating in the global business process management market include Pegasystems, Appian, IBM, Oracle, Software AG, Nintex, OpenText, Newgen Software, Genpact, TIBCO, Bizagi, ProcessMaker, Creatio, AgilePoint, BP Logix, K2, Bonitasoft, Kissflow, Kofax, and AuraPortal among others.

Key Segments of the Global Business Process Management Market

Type Overview, 2015-2025 (USD Million)

• Process Improvement
• Automation
• Content and Document Management
• Integration
• Monitoring and Optimization

Application Overview, 2015-2025 (USD Million)

• Government & Defense
• BFSI
• IT & Telecom
• Healthcare
• Retail
• Manufacturing
• Others

Regional Overview, 2015-2025 (USD Million)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • United Kingdom
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa

Reasons for the study

• The increasing need to automate processes and achieve business agility in various industries
• With an increase in the adoption of cloud-based BPM software and services among Small and Medium-sized Enterprises (SMEs), the BPM market is expected to gain traction

What does the report include?

• The study on the global business process management market includes qualitative insights such as drivers, restraints, challenges, and opportunities
• Additionally, the market has been evaluated using Porter’s Five Forces analysis
• The study covers the qualitative and quantitative analysis of the market segmented on the basis of type and application. Moreover, the study on the business process management market provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments
• The study includes the profiles of key players operating in the market with a significant global and/or regional presence

Who should buy this report?

• The report on the global business process management market is suitable for all the players across the value chain
• Venture capitalists and investors looking for more information on the future outlook of the global business process management market
• Consultants, analysts, researchers, and academicians looking for insights shaping the global business process management market