Business Process Management (BPM) Global Market is Projected to Reach $31.2 Billion by 2030: Asia-Pacific to Showcase Impressive Growth

DUBLIN, July 3, 2023 /PRNewswire/ -- The "Business Process Management (BPM): Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Business Process Management (BPM) estimated at US$13.2 Billion in the year 2022, is projected to reach a revised size of US$31.2 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2022-2030.

Platform, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$17 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 13.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 14.3% CAGR

The Business Process Management (BPM) market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 14.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 10.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.

Select Competitors (Total 320 Featured) -

• Adobe Systems Inc.
• Appian Corporation
• ASG Technologies Group, Inc.
• BP Logix, Inc.
• Comindware Inc.
• Fabasoft AG
• Fujitsu Limited
• HP Development Company, L.P
• Hitachi, Ltd.
• IBM Corporation
• Kissflow Inc.
• Microsoft Corporation
• Nintex UK Ltd
• OpenText Corporation
• Oracle Corporation
• Pegasystems Inc.
• SAP SE
• Signavio GmbH
• Software AG
• Tibco Software Inc.
• Ultimus Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
• Progress on Vaccinations: Why Should Businesses Care?
• With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
• A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
• COVID-19 Significantly Tips the Scale in Favor of Business Processes Management
• An Introduction to Business Process Management (BPM): Inescapable Buzzword with Intriguing Merits
• BPM Systems: Classification
• Components of BPM Lifecycle
• BPA: A Subset of BPM
• BPM: Primary Merits
• Business Process Management: Experiencing Evolutionary Tidings with Advances
• Global Business Process Management Market to Chart Ambitious Course
• BPM: Interesting Market Dynamics
• Salient Drivers Giving Special Thrust to Business Process Management Market
• Analysis by Component
• World Business Process Management Market by Component (2021 & 2027): Percentage Breakdown of Revenues for Platform, and Services
• Analysis by Business Function: Procurement & SCM, the Fastest Growing Segment
• World Business Process Management Market by Business Function (2021 & 2027): Percentage Breakdown of Revenues for Sales & Marketing, Human Resource Management (HRM), Procurement & Supply Chain Management (SCM), Accounting & Finance, Customer Service Support, and Other Business Functions
• Analysis by End-Use: Manufacturing and BFSI Trending End-Use Industry Segments of Global BPM Market
• World Business Process Management Market by End-Use (2021 & 2027): Percentage Breakdown of Revenues for Manufacturing, BFSI, IT & Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, and Other End-Uses
• Regional Analysis: Led by US, North America Maintains Authoritative Position in Global BPM Market
• World Business Process Management Market by Region: Percentage Breakdown of Revenues for Developed and Developing Regions (2021 & 2027)
• Asia-Pacific to Showcase Impressive Growth
• World Business Process Management Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Rest of World, USA, Canada, Europe, and Japan
• Competitive Scenario
• Recent Market Activity
• Business Process Management (BPM) - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Select Trends Impacting the Business Process Management Market
• BPM Playing Key Role in Business Innovation
• Business Process Management Software Unleashes Intriguing Value for Businesses
• AI Set to Play Central Role in Business Processes Management Advancements
• Business Process Management: Crucial Spoke on Digital Transformation Wheel
• BPM Fits Perfectly in Digital Transformation Picture
• BPM Bears Symbolic Relationship with IT, Automation & Digital Transformation
• Amidst Accelerated Digital Transformation, Businesses Turn to BPM to Benefit from the Digitization Trend
• Digital Transformation Accelerates Demand for Cloud Services, Driving Need for BPM: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
• Enterprise Focus on Business Continuity & Remote Working Technologies Presents Market Opportunities
• WFM Employees as a % of the Total Workforce for 2019 and 2020
• IT Spending Levels Impact Growth in the BPM Market
• IT Spending Shifts Towards the Cloud: Enterprise IT Spending Breakdown (in %) by Traditional IT and Cloud for 2022 and 2025
• Addition of BPaaS to BPM Model Catalyzing Growth
• BPM Brings Change in Banking and Financial Services Sector
• BPM to Shape the Capital Markets Industry
• Procurement and Supply Chain BPM: Promising Growth in Store
• Catalyzed by the Pandemic e-Commerce Flourishes to Fuel Growth for BPM Market
• e-Commerce Sales as % of Total Retail Sales Worldwide for the Period 2015-2022P
• Growing Relevance of Big Data and Analytics in Healthcare BPM
• Global Market for Data Analytics by Type for the Years 2019 and 2025
• Global Adoption Rates (in %) of Big Data Technologies by Industry (2019E)
• Business Process Management: Key Challenges

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/5io65p

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