Business Process Management Market Insights | Demand and SWOT Analysis | Forecast To 2024

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According to a research report "Business Process Management Market by Component, Deployment Type, Organization Size, Business Function (Sales and Marketing, HRM, Procurement and SCM, and Customer Service Support), Industry, and Region - Global Forecast to 2025", published by MarketsandMarkets, the Business Process Management (BPM) market size is expected to grow from USD 8.8 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period.

The increasing need to automate processes and achieve business agility in various industries is expected to boost the adoption of the BPM platform.

With an increase in the adoption of cloud-based BPM software and services among Small and Medium-sized Enterprises (SMEs), the BPM market is expected to gain traction during the forecast period.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=157890056Based on component, the services segment to hold the higher CAGR during the forecast periodBPM services have a full scope of usage, ranging from assistance to customers for implementation and integration of BPM software, consulting and training, and support and maintenance, to catering to the specific needs of customers.

BPM services help users automate business processes with simple drag-and-drop capabilities.

Furthermore, BPM services help enterprises focus on their core competencies rather than implementing and managing the BPM framework.Based on industry, the manufacturing segment to hold the largest market size during the forecast periodBPM software and services are being rapidly adopted by industries, such as Banking, Financial Services, and Insurance (BFSI); telecommunication; Information Technology (IT); retail and consumer goods; healthcare and life sciences; and others including transportation and logistics, government, and media and entertainment, to optimize their business processes.

The manufacturing industry is expected to hold the largest market size during the forecast period as BPM provides a unified integration platform to facilitate collaboration with the raw material providers, supply chain partners, and customers to map the demand and supply of the products.Based on deployment type, the on-premises segment to hold the higher market share during the forecast periodBased on deployment type, the on-premises segment is expected to dominate the BPM market in 2020.

While automation is certainly a buzzword for businesses that envision scaling up, RPA (Robotic Process Automation) and BPA (Business Process Automation) do seem to confuse entrepreneurs more often than not.

Differences are not apparent but real, and in fact, robotic process automation companies will help you understand this before you even adopt RPA.

As startups, small and medium businesses as well as enterprises adopt a vision that is increasingly customer-centric, business process automation and robotic process automation companies step forth to provide sounder automation, deeper insights and better stratgizing to customer-centric enterprises.

While hiring the services of an RPA company is a wise decision, the decision applies to only a certain type of your business processes.

Whereas BPM aims to identify and optimize the all the processes that make any business better on the whole, RPA only pertains to the optimization (through software) of those processes which mimic human activities that are repetitive in task and do not require much human discretion.

There processes are labor-intensive, are repeated several times during the day, and are highly transactional.

Global Business Process Management Market was valued at US$ 8.8 Bn.

in 2020 and is expected to reach at US$ 17.70 Bn by 2027 at a CAGR of 10.5% over the forecast period 2021-2027.The Business Process Management Market Size 2021-2027 provides detailed competitive analysis, including market share, size, future scope, and future outlook.

Companies are investing heavily in new electric mopeds and scooters to make them more efficient.Get a Sample PDF of the Report at : Request Free Sample ReportList Of TOP KEY PLAYERS in Business Process Management Market Report are - ● AuraPortal● Pegasystems● Appian● SAP SE● IBM Corporation● Oracle● Software AG● OpenText● Newgen Software● FUJITSU● Genpact● TIBCO Software● Bizagi● ProcessMaker● Creatio● AgilePoint● BP Logix● Bonitasoft● Kissflow● Microsoft Corp.● webMethodsI● Nintex● K2● KofaxCOVID-19 Impact on Market:In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world.

Due to travel bans and lockdowns, the COVID-19 epidemic has affected many countries' economies and industries.

This outbreak has caused major disruptions in the global food and drink industry, including supply chain breakdowns, cancellations of technology events, and office closures.

Segment by Application, The Business Process Management Market is divided into the United States, Europe, China, Japan, Southeast Asia, India and Rest of World.

February 13, 2019: In 2018, the global Business Process Management market size was  million US$ and it is expected to reach  million US$ by the end of 2025, with a CAGR of  during 2019-2025.This report focuses on the global Business Process Management status, future forecast, growth opportunity, key market and key players.

The study objectives are to present the Business Process Management development in United States, Europe and China.The key players covered in this studyBP LogixPromappIntellect BPMDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-business-process-management-market-size-status-and-forecast-2019-2025/request-sampleWrikeHefloTIBCOMindbodyLaserficheNintexRepliconZoho CreatorMarket segment by Type, the product can be split intoBusiness Rules MangementData MappingAccess This Full Report @ https://www.radiantinsights.com/research/global-business-process-management-market-size-status-and-forecast-2019-2025 Process AnalysisFull-function SoftwareOtherMarket segment by Application, split intoSmall BusinessMedium BusinessEnterprisesMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Business Process Management status, future forecast, growth opportunity, key market and key players.To present the Business Process Management development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Business Process Management are as follows:History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

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