![]() The vertical segment is sub-segmented into government & defense, BFSI, IT & telecommunication, healthcare, retail, manufacturing, and others. The organization size segment is sub-segmented into small & medium enterprises and large enterprises. ![]() ![]() The business department segment is sub-segmented into human resources, accounting & finance, sales & marketing, manufacturing, supply chain management, operation & support, and others. The service segment is bifurcated into consulting, system integration, training & education, and others. The solution segment is sub-segmented into process improvement, automation, content & document management, integration, monitoring & optimization, and others. The market is segmented into solutions, services, business departments, organization size, verticals, and regions. Segmentation of Market Covered in the Research: Nevertheless, the increasing adoption of innovative BPM platforms for cloud deployment would support the market growth throughout the forecast period.īrowse In-depth Market Research Report (100 Pages) on Business Process Management Market: Also, the growing inclination of enterprises to save data on-premise rather than on the cloud is set to affect the BPM market. The lack of awareness about business process management benefits and reluctance to adopt are major factors restraining the market growth. In the service industry, BPM solutions provide a better quality of services to the end-users, making whole processes connected and user friendly. The prioritization and identification of various processes have become imperative in enterprises irrespective of the size of organizations. Furthermore, vast advancements in safety standards and improved technological infrastructure influence market growth. Advances in automation and increasing uses of intelligent solutions influence the development of the market. Improved business process management is a key pillar leading to a variety of benefits for organizations, automating repeatable, recurring tasks or processes that would otherwise be carried out manually.ĭominant Key Players on BPM Market Covered Are:īusiness Process Management Market Driversĭigital Transformation and Automation Favor Market GrowthĪdditionally, increasing uptake of BPM solutions escalates the market growth, improving the work efficiency of processes and reducing manual work & downtime. Massive investments made into the development of BPM solutions influence market growth. With continually rising demand, the market is projected to demonstrate significant growth over the next few years. Besides, increasing demand for business automation to discover, model/remodel, analyze, measure, optimize, and improve productivity and minimize operational costs substantiates the market size. Rising demand for automated business processes drives market growth. The business process management market is witnessing rapid developments. 29, 2021 (GLOBE NEWSWIRE) - Market Overview:Īccording to a comprehensive research report by Market Research Future (MRFR), “ Business Process Management Market information by Solution, by Service, by Business Department and Region – forecast to 2026” market size to grow at a compound annual growth rate of 7% to reach USD 16 Billion by 2026.īusiness Process Management Market Scope:
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