Dallas, TX -- (SBWire) -- 02/04/2020 --The global business process management market is anticipated to register significant growth over the forecast period, owing to the increase in demand for improved efficiency and process automation, necessity to adhere severe administrative regulations as well as policies, and increase return on investment for companies. In addition, technological advancements in Big data and cloud computing also providing improved efficiency in business process management software and growing IT expenditure is anticipated to provide substantial growth for the global business process management market during the prediction period.
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On the other hand, resistance to implement business process management service through the middle management of the company and lack of clarity regarding the benefits offered by business process management services among consumers may hinder the growth of the global business process management market. Fujitsu, IBM Corporation, Software AG, Dell EMC, Tibco Software, Opentext Corporation, Oracle Corporation, Appian, Hyland Software, Inc., are some of the major providers in the global business process management market.
The global business process management market integrates solutions such as automation and process remolding, and several services such as managed and integration consulting. The global business process management market is highly competitive with the existence of huge number of cloud providers along with the higher regional reach. Moreover, untapped demand from the developing markets is the major reason responsible for the growth of the service providers during the prediction period.
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The global business process management market is segmented into deployment type, application, and geographical regions. In terms of deployment type. The global market is categorized into on premise and cloud. On considering the application, the market is segregated into IT & telecom, government & defense, retail, healthcare, BFSI, manufacturing, and others. According to the geographical regions, the global business process management market is fragmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Key segments of the global BPM market
IT Solution Overview, 2012-2023 (USD million)
Process Improvement
Automation
Content & Document Management
Integration
Monitoring & Optimization
IT Service Overview, 2012-2023 (USD million)
System Integration
Consulting
Training & Education
Business Function/ Department Overview, 2012-2023 (USD million)
Human Resource
Accounting & Finance
Sales & Marketing
Manufacturing
Supply Chain Management
Operation & Support
Others
Organization Size Overview, 2012-2023 (USD million)
SMEs
Large Enterprises
Deployment Type Overview, 2012-2023 (USD million)
Cloud
On-Premise
End-Use Industry Overview, 2012-2023 (USD million)
Government & Defense
BFSI
IT & Telecom
Healthcare
Retail
Manufacturing
Others
Regional Overview, 2012-2023 (USD million)
North America
US
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Russia
Asia Pacific
China
Japan
India
Australia
South America
Brazil
Argentina
Middle East & Africa
South Africa
Some Points from Table of Content:
- Executive Summary
- Research Methodology
- Market Outlook
- BPM Market Overview, By IT Solution
- BPM Market Overview, By IT Service
- BPM Market Overview, By Business Function/Department
- BPM Market Overview, By Industry Vertical
- BPM Market Overview, By Organization Size
- BPM Market Overview, By Deployment Type
- BPM Market Overview, By RegionGlobal BPM market share, by region, 2016 & 2023North America
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Business Process Management (BPM) Market Size to Hit 18 Billion by 2025- Insights on Top Trends, Challenges, Growth Opportunities & Technological Advancements
The global business process management market size is expected to reach a valuation of USD 18 billion by 2025, assisted by the rapid and wide spread integration of business process management framework.