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Business Process Management (BPM) is the discipline that combines knowledge from information technology and knowledge from management sciences and applies this to operational business processes. These systems are generic software systems that are driven by explicit process designs to enact and manage operational business processes.Top Leading Companies are:
Oracle Corporation, Microsoft Biz Talk Server, IBM Corporation, Software AG, Fujitsu, Capgemini, Global 360, Opentext, Inc. , Appian Corporation, Adobe, BP Logix, Inc., SAP, Pegasystems, Inc., Fabasoft, Hewlett Packard, Red Hat, Inc., Tibco Software, WebMethodsI, Ultimus and BizFlow Corp.
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The Global Business Process Management Market is accounted for $7.34 billion in 2017 and expected to grow at a CAGR of 15.5% to reach $26.76 billion by 2026. Increasing business organizations, cost efficiency and rising need for automation to reduce the product or service cost are some of the factors propelling the market growth. However, resistance to adoption from the IT staff and the lack of clarity in terms of the value proposition as an IT solution are hindering the market growth.
By End User, BFSI segment registered significant growth. It enables banks to automate business processes like account opening, lending or payments to optimize. Institutions in the BFSI sector are adopting BPM solutions to deal with immediate process improvements and to tackle different business process improvement initiatives, which will help institutions to target and serve customers better. Amongst Geography, North America acquired the largest market share growth due to the presence of a large number of BPM vendors such as Pega, IBM and Oracle in United States.
Business Process Management Market Covered Components:
1. Services
2. Solution
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Business Process Management Market Organization Sizes:
1. Large Enterprise
2. Small and Medium Enterprises (SMES)
Business Process Management Market Business Functions:
1. Accounting and Finance
2. Human Resources
3. Manufacturing
4. Operations & Supply Chain Management
5. Sales and Marketing
6. Supply Chain Management
7. Other Business Functions
Business Process Management Market Segment by Regions, regional analysis covers:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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What this Research Study Offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
List of Table:
Table 1 Global Business Process Management Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Business Process Management Market Outlook, By Component (2016-2026) ($MN)
Table 3 Global Business Process Management Market Outlook, By Services (2016-2026) ($MN)
Table 4 Global Business Process Management Market Outlook, By Consulting (2016-2026) ($MN)
Table 5 Global Business Process Management Market Outlook, By System Integration (2016-2026) ($MN)
Table 6 Global Business Process Management Market Outlook, By Training and Education (2016-2026) ($MN)
Table 7 Global Business Process Management Market Outlook, By Solution (2016-2026) ($MN)
Table 8 Global Business Process Management Market Outlook, By Automation (2016-2026) ($MN)
Table 9 Global Business Process Management Market Outlook, By Content and Document Management (2016-2026) ($MN)
Table 10 Global Business Process Management Market Outlook, By Integration (2016-2026) ($MN)
Table 11 Global Business Process Management Market Outlook, By Monitoring and Optimization (2016-2026) ($MN)
Table 12 Global Business Process Management Market Outlook, By Process Modelling (2016-2026) ($MN)
Table 13 Global Business Process Management Market Outlook, By Other Solutions (2016-2026) ($MN)
Table 14 Global Business Process Management Market Outlook, By Organization Size (2016-2026) ($MN)
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