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The business process management (BPM) market is forecasted to grow by USD 10.64 billion during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the business process management (BPM) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for process automation and digital transformation, demand for efficient workflow of business processes, and increasing adoption of cloud-based services.
The business process management (BPM) market is segmented as below:
By Deployment
- On-premises
- Cloud-based
By End-user
- BFSI
- Government and defense
- Healthcare
- IT and telecommunication
- Retail
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the emergence of mobile BPM solutions as one of the prime reasons driving the business process management (BPM) market growth during the next few years. Also, increasing integration of IoT and emergence of intelligent BPM (iBPM) will lead to sizable demand in the market.
The report on the business process management (BPM) market covers the following areas:
- Business process management (BPM) market sizing
- Business process management (BPM) market forecast
- Business process management (BPM) market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business process management (BPM) market vendors that include Appian Corp., Bizagi Group Ltd., BONITASOFT SA, Compulink Management Center Inc., CREATIO EMEA Ltd., DXC Technology Co., FlowForma, Genpact Ltd., International Business Machines Corp., Kissflow Inc., Microsoft Corp., Newgen Software Technologies Ltd., Nintex Global Ltd., Open Text Corporation, Oracle Corp., Pegasystems Inc., Salesforce Inc., Software AG, Thoma Bravo LP, and Vista Equity Partners Management LLC. Also, the business process management (BPM) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global business process management (BPM) market: Appian Corp., Bizagi Group Ltd., BONITASOFT SA, Compulink Management Center Inc., CREATIO EMEA Ltd., DXC Technology Co., FlowForma, Genpact Ltd., International Business Machines Corp., Kissflow Inc., Microsoft Corp., Newgen Software Technologies Ltd., Nintex Global Ltd., Open Text Corporation, Oracle Corp., Pegasystems Inc., Salesforce Inc., Software AG, Thoma Bravo LP, and Vista Equity Partners Management LLC.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of mobile BPM solutions."
According to the report, one of the major drivers for this market is the increasing demand for process automation and digital transformation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Appian Corp.
- Bizagi Group Ltd.
- BONITASOFT SA
- Compulink Management Center Inc.
- CREATIO EMEA Ltd.
- DXC Technology Co.
- FlowForma
- Genpact Ltd.
- International Business Machines Corp.
- Kissflow Inc.
- Microsoft Corp.
- Newgen Software Technologies Ltd.
- Nintex Global Ltd.
- Open Text Corporation
- Oracle Corp.
- Pegasystems Inc.
- Salesforce Inc.
- Software AG
- Thoma Bravo LP
- Vista Equity Partners Management LLC
