Business Process Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Business Process Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A1898
Buy Now

Market Overview 2022-2027:

The global business process management (BPM) market reached a value of US$ 9.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting at a CAGR of 14.2% during 2022-2027. The increasing need for boosting productivity and engagement of businesses, rising technological advancements in improving the functionalities of BPM solutions, and the growing cloud computing activities to automate labor intensive tasks represent some of the key factors driving the market.

Business process management (BPM) helps in discovering, analyzing, enhancing, and optimizing business strategies and operations. It also aids in incorporating structure into business processes, removing process redundancies, and enhancing agility in operations. It enables companies to achieve their planned business outcomes at a faster rate and allocate additional resources to other crucial work. It enhances communication between teams and provides comprehensive transparency and accountability throughout various operations. BPM comprises continuous process reengineering, which enables organizations to streamline their overall workflows for increasing efficiency and cost savings. It also consists of advanced analytics, activity monitoring, and decision management facilities to manage employees, systems, information, and materials for optimizing various business outcomes. It is available as integration-centric, human-centric, and document-centric BPM, which assists businesses in assigning tasks to employees, streamlining approval and agreement processes with customers and vendors, and improving customer care services.

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Business Process Management Market Trends:

At present, the increasing demand for BPM to enhance productivity and engagement and allow teams to focus on business innovations represents one of the primary factors influencing the market positively. Besides this, there is a rise in the employment of BPM in boosting operational transparency by replacing manual processes with modern automation across the globe. This, coupled with the growing utilization of BPM to eliminate manual errors from various repetitive tasks, is offering a favorable market outlook. In addition, the increasing demand for digitizing business processes to achieve business goals, improve customer satisfaction, increase productivity, and boost scalability is contributing to the market growth. Apart from this, the rising adoption of BPM to manage massive data sets utilized for monitoring employee behavior, collecting customer information, and analyzing the responses of their targeted customers to various services is supporting the market growth. Additionally, BPM allows large enterprises to modify business regulations by directly improving operations without making any changes in the infrastructure and information technology (IT) models, which is strengthening the market growth. Moreover, the increasing traction of cloud-based BPM solutions due to their minimal impact on internal resources, low monthly subscription expenses, decreased overhead investment, and enhanced security maintenance is propelling the market growth. Furthermore, key market players are developing BPM solutions integrated with artificial intelligence (AI) and the internet of things (IoT) to increase the efficiency of BPM tools, gather real-time data to address issues spontaneously, and gain a profound understanding of business operating models. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global business process management market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on deployment type, component, business function, organization size and vertical.

Deployment Type Insights:

  • On-Premises
  • Cloud
     

The report has provided a detailed breakup and analysis of the business process management market based on the deployment type. This includes on-premises and cloud. According to the report, on-premises represented the largest segment.

Component Insights:

  • IT Solution
    • Process Improvement
    • Automation
    • Content and Document Management
    • Integration
    • Monitoring and Optimization
  • IT Service
    • System Integration
    • Consulting
    • Training and Education
       

A detailed breakup and analysis of the business process management market based on the component has also been provided in the report. This includes IT solution (process improvement, automation, content and document management, integration, and monitoring and optimization) and IT service (system integration, consulting, and training and education). According to the report, IT solution (process improvement, automation, content and document management, integration, and monitoring and optimization) accounted for the largest market share.

Business Function Insights:

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Human Resource
  • Accounting and Finance
  • Sales and Marketing
  • Manufacturing
  • Supply Chain Management
  • Operation and Support
  • Others
     

A detailed breakup and analysis of the business process management market based on the business function has also been provided in the report. This includes human resource, accounting and finance, sales and marketing, manufacturing, supply chain management, operation and support, and others. According to the report, accounting and finance accounted for the largest market share.

Organization Size Insights:

  • SMEs
  • Large Enterprises
     

A detailed breakup and analysis of the business process management market based on the organization size has also been provided in the report. This includes SMEs and large enterprises. According to the report, large enterprises accounted for the largest market share.

Vertical Insights:

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

A detailed breakup and analysis of the business process management market based on the vertical has also been provided in the report. This includes government and defense, BFSI, IT and telecom, healthcare, retail, manufacturing, and others. According to the report, BFSI accounted for the largest market share.

Regional Insights:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for business process management. Some of the factors driving the North America business process management market included the increasing cloud computing activities, rising technological advancements, the growing demand for cost-effective business solutions, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global business process management market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Adobe Systems Inc., Appian Corporation, Fabasoft AG, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, OpenText Corporation, Oracle Corporation, Pegasystems Inc., SAP SE, Software AG, TIBCO Software Inc., and Ultimus Inc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Deployment Type, Component, Business Function, Organization Size, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Adobe Systems Inc., Appian Corporation, Fabasoft AG, Hewlett-Packard, IBM Corporation, Microsoft Corporation, OpenText Corporation, Oracle Corporation, Pegasystems Inc., SAP SE, Software AG, TIBCO Software and Ultimus Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global business process management market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global business process management market?
  • What are the key regional markets?
  • Which countries represent the most attractive business process management markets?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on business function?
  • What is the breakup of the market based on organization size?
  • What is the breakup of the market based on vertical?
  • What is the competitive structure of the global business process management market?
  • Who are the key players/companies in the global business process management market?
     

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the business process management market from 2016-2027.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global business process management market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the business process management industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Business Process Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Clients Testimonial

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More