Business Process Management Market: 14% CAGR, BPM Solutions & Services Lead Growth to 2021

Apr 20, 2016, 08:30 ET from RnR Market Research

PUNE, India, April 20, 2016 /PRNewswire/ --

The business process management (BPM) market size is estimated to grow at 14.2% CAGR from 2016 to 2021 driven by factors such as the need to improve the efficiency and visibility, adhere to increasing government compliance, and to increase the overall Return on Investment (ROI) of the organization.

Complete report on global business process management (BPM) market spread across 136 pages, profiling 10 companies and supported with 67 tables and 59 figures is now available at .

The business process management (BPM) solutions are expected to dominate the market from 2016 to 2021, with a larger share than the business process management (BPM) services, due to growing business compliance challenges faced by the organizations worldwide. Furthermore, due to future saturation in the solutions segment in the developed economies and variation in global governmental regulations and radiation norms &regulations, the demand for integration and consult services is expected to gain traction in the next five years.

Due to rise in the demand for integrated business process management (BPM) solutions and increasing adoption of cloud-based solutions, the BPM market finds huge growth opportunities in the next five years.

The various key business process management (BPM) market vendors profiled in the report such as IBM Corporation, Appian Corporation, Oracle Corporation, Red Hat, Inc., Software AG, Pegasystems, TIBCO Software, K2, OpenText and BPLogix. Order a copy of Business Process Management Market by Solution, by Service, by Deployment Type (Cloud, On-Premises), by Organization Size (SMES, Enterprises), by Business Function, by Industry Vertical, by Region (NA, Europe, APAC, MEA, LA) - Global Forecast to 2021 research report at .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (20%), Tier 2 (42%) and Tier 3 (38%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (55%), Director Level (26%) and others (19%) from various key organizations operating in the global business process management (BPM) market. The primary interviews were conducted worldwide covering regions such as North America (47%), Europe (32%), and APAC (21%).

On a related note, another research on Revenue Management Market Global Forecast to 2020 says, the revenue management market size is estimated to grow from USD 9.27 billion in 2015 to USD 21.92 billion by 2020, at a CAGR of 18.8% due to the increasing cloud-based deployments of revenue management platforms and solutions. Pricing and revenue forecast management solution to dominate during the forecast period. Asia-Pacific is to witness highest growth during the forecast period. Companies like Accenture PLC, Amdocs, Inc., Ericsson, Netcracker Technology Corporation, Oracle Corporation, CSG Systems International, Huawei Technologies, Redknee Solutions, SunTec Business Solutions and SAP SE have been profiled in this 166 pages research report available at .

Explore more reports on the IT & Telecommunication market at .

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