Business Process Management Market size is expected to grow from USD 8.8 billion in 2020 to USD 14.4 billion by 2025, at a (CAGR) of 10%.
This growth is due to a surge in demand for automation to reduce product or service costs. In small to medium-sized businesses (SMEs) and large enterprises, it is important to identify and prioritize processes in order to redesign their organizational processes.
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Market Players
Key market players profiled in this report Pegasystems (US), Appian (US), IBM (US), Oracle (US), Software AG (Germany), Nintex (US), OpenText (Canada), Newgen Software (India), Genpact (US), TIBCO (US), Bizagi (UK), ProcessMaker (US), Creatio (US)
Based on component, the BPM market has the following segments:
- Platform
- Services
Based on industry, the BPM market has the following segments:
- BFSI
- IT
- Telecommunication
- Retail and Consumer Goods
- Healthcare and Life Sciences
- Others (Transportation and Logistics, Government, and Media and Entertainment)
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Scope of the Report
The research study analyzes the global Business Process Management industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Business Process Management Market Report
1. What was the Business Process Management Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Business Process Management Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Business Process Management Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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