Market Research Engine has published a new report titled as “Business Process Management Market Size By component (Platform, Services), By business (Human Resource Management (HRM), Procurement and Supply Chain Management (SCM), Sales and Marketing, Accounting and Finance, Customer Service Support, Others), By industry (BFSI, IT, Telecommunication, Retail and Consumer Goods, Healthcare and Life Sciences), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027.”
The Business Process Management Market is expected to be around US$ 16.96 Billion by 2027 at a CAGR of 11.13% in the given forecast period.
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Business process management is the discipline of improving a business process from end to end by analysing it, modelling how it works in an executing improvement, monitoring the improved process, different scenarios and continually optimizing it. Business process management is a discipline that contains a mixture of process modelling, measurement, automation, execution, control, and optimization of the business process flows in the alignment of the enterprise goals, customers, business partners, spanning systems, and employees. BPM is not a one-time task, but rather an ongoing activity that contains persistent process re-engineering. BPM often contains automating tasks within any given business process, although BPM is not a technology, and procedure improvements can happen outside of automation and without technology. Numerous factors that are expected to drive the development of the BPM market contain the integration of Artificial Intelligence and Machin Learning technologies with the BPM software, requirement for automated business process to decrease manual error, and improved IT systems to meet customers’ dynamic requirements.
The global Business Process Management market is segregated on the basis of component as Platform and Services. Based on business the global Business Process Management market is segmented in Human Resource Management (HRM), Procurement and Supply Chain Management (SCM), Sales and Marketing, Accounting and Finance, Customer Service Support, and Others. Based on industry the global Business Process Management market is segmented in BFSI, IT, Telecommunication, Retail and Consumer Goods, Healthcare and Life Sciences, and Others.
The global Business Process Management market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Business Process Management market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
IBM Corporation, OpenText Corporation, Oracle Corporation, Software AG, Tibco Software Inc., Fujitsu Ltd, Ultimus Inc., Logix Inc, Pegasystems Inc., Appian Corporation, and others are among the major players in the global Business Process Management market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Business Process Management Market has been segmented as below:
Business Process Management Market, By component
Business Process Management Market, By business
- Human Resource Management (HRM)
- Procurement and Supply Chain Management (SCM)
- Sales and Marketing
- Accounting and Finance
- Customer Service Support
Business Process Management Market, By industry
- Retail and Consumer Goods
- Healthcare and Life Sciences
Business Process Management Market, By Region
- North America
- Rest of the World
Business Process Management Market, By Company
- IBM Corporation
- OpenText Corporation
- Oracle Corporation
- Software AG
- Tibco Software Inc.
- Fujitsu Ltd
- Ultimus Inc.
- Logix Inc
- Pegasystems Inc.
- Appian Corporation
The report covers:
- Global Business Process Management market sizes from 2021 to 2027, along with CAGR for 2021-2026
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
- Global Business Process Management market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Business Process Management market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
The global Business Process Management market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Business Process Management market share. Major industry players with significant revenue share include IBM Corporation, OpenText Corporation, Oracle Corporation, Software AG, Tibco Software Inc., Fujitsu Ltd, Ultimus Inc., Logix Inc, Pegasystems Inc., Appian Corporation, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Business Process Management industry trends
- Find complete analysis on the market status
- Identify the Business Process Management market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customized report as per the requirement can be offered with appropriate recommendations
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Table of Contents:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Business Process Management Market, By component
6. Business Process Management Market, By business
7. Business Process Management Market, By industry
8. Competitive Landscape
9. Company Profiles
9.1 IBM Corporation
9.2 OpenText Corporation
9.3 Oracle Corporation
9.4 Software AG
9.5 Tibco Software Inc.
9.5.1 Company Overview
9.6 Fujitsu Ltd
9.7 Ultimus Inc.
9.7.4 Recent Developments
9.8 Logix Inc
9.9 Pegasystems Inc.
9.10 Appian Corporation
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