Business Process Management (BPM) Market to reach US$ 13,490 million by 2025
Published | 28 March 2019
According to BlueWeave
Consulting, the global Business Process Management(BPM) Market is anticipated to
worth USD 13,490 million by 2025, with a CAGR of 13.9% during 2019-2025. The
Global Business Process Management Market is expected to grow with a
significant rate during the forecast period 2019-2025 owing to the growing
dependency of business organizations on process-oriented tools for the
automation system.
The use of Business Process
management for centralizing the geographically dispersed resources and
increases the operational efficiency of any organization will boost the
Business Process Management market in the upcoming year. Moreover, the major
factor driving the market growth is the growing application of Business Process
Management in the cross-functional collaboration among all business departments
led to the integration of all the major business functions, including
accounting, finance, marketing & sales, manufacturing, supply chain
management, and human resource in any organization.
Moreover, the application of
BPM to improve an existing processor to create a new business process in
various organizations will trigger Business Process Management in upcoming
periods. Furthermore, application of BPM to improving specific departmental
level processes, automating departmental or enterprise-wide processes,
redesigning enterprise-wide processes, defining enterprise-wide process
management and governance system. Is accelerating the growth of the Business
Process Management market. Additionally, uses of Business Process Management technology
helps to contribute in achieving real-time goals of the organization by
strengthening its operational process will contribute to Business Process
Management market growth during the forecast period and help to improve in
organizations overall efficiency and visibility is a key driver aiding to the
growth of Business Process Management market.
The
automation type of Business Process Management market is projected to be the
leading solution to the overall market during the forecast period.
Based on Solution Type, the
Business Process Management market segmented into Automation, Process
Modelling, Content & Document Management, Monitoring & Optimization,
and Integration. The automation segment dominates the global Business Process
Management owing to the application of the automation system in the healthcare
system for patient management and the BFSI industry for regulating work
efficiency. The process modeling market will influence by uses of BPM for
improving efficiency, transparency in organizations' processes and provide the
best solution. The monitoring & Optimization segment will drive by
centralization and control of any organizations irrespective of geographically
dispersed.
The
system integration type of Business Process Management market is expected to
the dominating service of the overall market during the forecast period.
Based on the Service type,
the Business Process Management market segmented into System integration,
Consulting, and Training & Education. System integration dominates the market
owing to the application of BPM for monitoring and optimizing their
organizational structure. The consulting market will boost by the application
of BPM in any organization to improve operations efficiently and with minimum
operational cost.
BFSI
is projected to lead the industry for utilizing applications of the Business
Process Management during the forecast period
Based on application, the
global Business Process Management market segmented into BFSI, IT &
Telecom, Retail, Manufacturing, Healthcare, and Government & Defense. By
application type, BFSI will lead the market due to the application of BPM in
banking to improve all banking operations efficiently, reduce resource time,
and faster productivity. Government & Defense is expected to grow at the
fastest rate during the forecast period owing to applications of BPM to
facilitating all government & public services and solutions to end-user
efficiently and easily.
The
on-premise type of Business Process Management market is anticipated to be the
leading deployment of the overall market during the forecast period.
Based on Deployment Type,
the Business Process Management market has been segmented into Cloud-based and
On-Premise. Based on Deployment Type, On-premise based BPM will dominate the
market due to its properties of controlling in the owner’s hand and providing
data security of any organization. Cloud-Based BPM will be the fastest-growing
market due to its flexibility, accessibility, and speeding up of information
during retrieving.
Large
Enterprise leading enterprises for utilizing applications of the Business
Process Management during the forecast period
Based on the End-user type,
the Business Process Management market has been segmented into SME and Large
Enterprise. Large Enterprise segment will lead the market owing to applications
of BPM to controlling, managing, and monitoring various works, productivity and
minimizes operational cost. SME will fastest growing market due to uses of BPM
as managing all works and minimizing operational cost.
North
America accounts for the lion’s share of the global Business Process Management
market during the anticipated period.
Based on the 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 Business Process Management market over the forecast
period owing to the presence of giant BPM services providers in this region.
Asia Pacific is projected to be the fastest-growing market throughout the
forecast period due to the huge demand for BPM in government, healthcare, and
IT sectors.
Global
Business Process Management Market Competitive Landscape
Companies, such as IBM
Corp., Microsoft Corp., Oracle Corp., SAP SE, TIBCO Software, web methods,
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.
Explore full report with detailed TOC, “Global Business Process Management Market
Size , By Solution (Automation, Process Modelling, Content & Document
Management, Monitoring & Optimization, Integration),By Service (System
integration, Consulting and Training & Education), By Application (BFSI, IT
& Telecom, Retail, Manufacturing, Healthcare, Government & Defense), By
Deployment (Cloud-based and On-Premise), By End-User (SME and Large
Enterprise), by Region (North America, Europe, Asia Pacific, Middle East &
Africa and Latin America); Growth Potential, Trends Analysis, Competitive
Market Size and Forecast, 2019-2025” at https://www.blueweaveconsulting.com/global-business-process-management-market-bwc19121
Get Help
Relevant Press Releases
- Air Treatment Market worth USD XX Bn in 2019
- Global Thermal Paper Market Research Report - Forecast to 2025
- Global Organic Cocoa Market Research Report - Forecast to 2025
- Global Mushroom Cultivation Market was valued at USD 16.9 billion in 2019
- Global Paints and Coatings Market will drive by increasing its demand from the automotive, electronic, and construction industries