The Worldwide Business Process Management Industry is Expected to Reach $13+ Billion by 2026

News provided by

Oct 21, 2021, 11:15 ET

DUBLIN, Oct. 21, 2021 /PRNewswire/ -- The "Global Business Process Management Market (2021-2026) by Component, Function, Deployment, Organization Size, Industry Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Business Process Management Market is estimated to be USD 9.2 Bn in 2021 and is expected to reach USD 13.12 Bn by 2026, growing at a CAGR of 7.3%.

Key factors such as growing organization responsiveness for improving the business processes to increase overall business efficiencies and higher profits have led to a need for a Business Process Management (BPM) Solution. Also, other factors such as the need for real-time management of the business operations and adherence to the dynamic regulations and policies have further contributed to the growth of the BPM market.

With a rise in cloud-based deployment, there is a higher susceptibility to data theft with cybersecurity attacks. This is one of the prime restraining factors to the growth of the market. Reluctance to adopt BPM solution by middle management of an organization and lack of clarity about BPM solutions' benefits among end-users compels the market growth.

Market Dynamics

Drivers

Growing Demand for Automation of Business Processes
Real-Time Management of Business Processes
Streamlined Communication across Varied Business Functions in The Organization
Adherence to Stringent Government Regulations and Policies

Restraints

Security Concerns owing to The Cloud Technology Adoption

Opportunities

Increased Adoption and Dependency on Cloud Technology
Integration of AI And Ml Technologies
Advances in Cloud Computing and Big Data Increasing The Demand for Software-As-A-Service (Saas) Offerings

Challenges

Barriers in Adopting Advanced Solutions over Traditional Systems
Lack of Clarity about The Benefits of BPM Solutions

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Business Process Management Market.
The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.

Report Highlights:

A complete analysis of the market including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Trends

5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis

6 Global Business Process Management Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 Process Improvement
6.2.2 Automation
6.2.3 Content and Document Management
6.2.4 Integration
6.2.5 Monitoring and Optimization
6.3 Services
6.3.1 System Integration
6.3.2 Consulting
6.3.3 Training and Education

7 Global Business Process Management Market, By Function
7.1 Introduction
7.2 Human Resource Management (HRM)
7.3 Procurement and Supply Chain Management (SCM)
7.4 Sales and Marketing
7.5 Accounting and Finance
7.6 Customer Service Support
7.7 Others (Operations Management, Legal, and R&D)

8 Global Business Process Management Market, By Deployment
8.1 Introduction
8.2 Cloud
8.3 On-premises

9 Global Business Process Management Market, By Organization Size
9.1 Introduction
9.2 Small and Medium-sized Enterprises
9.3 Large enterprises

10 Global Business Process Management Market, By Industry vertical
10.1 Introduction
10.2 BFSI
10.3 IT
10.4 Telecommunication
10.5 Retail and Consumer Goods
10.6 Healthcare and Life Sciences
10.7 Others
10.8

11 Global Business Process Management Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Russia
11.5.9 Rest of APAC
11.6 Rest of the World
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
11.6.5 Latin America

12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Competitive Scenario
12.3.1 Mergers & Acquisitions
12.3.2 Agreements, Collaborations, & Partnerships
12.3.3 New Product Launches & Enhancements
12.3.4 Investments & Fundings

13 Company Profiles
13.1 Adobe Systems
13.2 Appian Corp
13.3 Capgemini
13.4 Cognizant Technology Solutions Corp.
13.5 IBM Corp
13.6 OpenText Corp.
13.7 Oracle Corp.
13.8 Pegasystems, Inc.
13.9 Red Hat, Inc.
13.10 SAP SE
13.11 Software AG
13.12 Microsoft Corporation
13.13 EMC Corp.
13.14 Tibco Software
13.15 Appian Corp.
13.16 Ultimus Inc
13.17 Laserfische
13.18 BP lOGIX
13.19 Nintex
13.20 OpenText
13.21 Genpact
13.22 Newgen Software
13.23 ProcessMaker
13.24 Infosys Ltd

14 Appendix