The latest report by Fortune Business Insights, titled ‘Business Process Management 2024 Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2024 – 2032,’ provides a thorough analysis of the global Business Process Management . The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as technological advancements and regulatory frameworks on the Business Process Management landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Business Process Management .
The global business process management market size was USD 10.64 billion in 2020 and is projected to grow from USD 11.84 billion in 2021 to USD 26.18 billion in 2028, exhibiting a CAGR of 12.0% during the 2021-2028.
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Driving Factor:
High Utilization of AI-equipped Business Process Management Market Solutions to Boost Growth
BPM platforms are evolving persistently. In today’s technology-driven world, the introduction to artificial intelligence (AI) is supporting the creation of intelligent business process management systems across several reputed organizations. It is done by integrating AI with BPM software solutions and cloud capabilities.
Owing to this, it is further embedding numerous enriched processes, such as the internet of things (IoT), business activity monitoring, cloud capabilities, message-oriented middleware, and others. In the banking sector, for instance, BPM solutions equipped with AI are used the most in order to simplify processes, namely, report generation, document generation, contract management, and sales analysis.
However, a lack of awareness regarding the availability of such advanced solutions may obstruct the global business process management market growth.
Report Highlights:
- A comprehensive overview of the Business Process Management
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Business Process Management
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Business Process Management Segments:
By Component
- Solution/Tools/Platform
- Services
By Deployment
- On-Premise
- Cloud
By Organization Size
- Large Enterprises
- Small and Medium Sized Enterprises
By Functionality
- Accounting & Finance
- Sales & Marketing
- Human Resource
- Supply Chain Management
- Operations Management & Support
- Others (Customer Management, Etc.)
By Industry
- BFSI
- IT & Telecommunication
- Healthcare
- Manufacturing
- Others (Government, Media & Entertainment)
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Top most manufacturers/ Key player by Business Leaders Leading Players of Business Process Management :
- Appian Corporation (Virginia, United States)
- IBM Corporation (New York, United States)
- Kissflow (Chennai, India)
- Laserfiche (California, United States)
- Pegasystems, Inc. (Massachusetts, United States)
- BP Logix, Inc. (California, United States)
- Fujitsu Ltd. (Tokyo, Japan)
- Opentext, Inc. (Waterloo, Canada)
- Infosys Ltd. (Bengaluru, India)
- SourceCode Technology Holdings, Inc. (Washington, United States)
- Nintex Platform (Washington, United States)
- Oracle Corporation (Texas, United States)
- (North Carolina, United States)
- Quick Base (Massachusetts, United States)
- Red Hat, Inc. (North Carolina, United States)
Regional Analysis for Business Process Management :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Frequently Asked Questions (FAQs):
- What is the current market scenario?
- What was the historical demand scenario, and forecast outlook from 2023 to 2030?
- What are the key market dynamics influencing growth in the Global Business Process Management ?
- Who are the prominent players in the Global Business Process Management ?
- What is the consumer perspective in the Global Business Process Management ?
- What are the key demand-side and supply-side trends in the Global Business Process Management ?
- What are the largest and the fastest-growing geographies?
- Which segment dominated and which segment is expected to grow fastest?
- What was the COVID-19 impact on the Global Business Process Management ?
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Table of Contents
Industry Overview:
- Market definition and segmentation
- Industry trends and drivers
- Regulatory environment
Business Process Management Size and Forecast:
- Historical market size and growth
- Current market size and trends
- Forecast for the future
Competitive Landscape:
- Key players in the market
- Market share analysis
- SWOT analysis of major competitors
Customer Analysis:
- Target customer demographics
- Buying behavior and preferences
- Customer satisfaction and feedback
Product/Service Analysis:
- Overview of products/services in the market
- Features and benefits
- Pricing strategies
Business Process Management Trends:
- Emerging trends in the industry
- Technological advancements
- Shifts in consumer behavior
TOC Continued…
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