Global Business Process Management Market ::Increasing Penetration Of Internet And Networking Devices Drives The Growth Of BPM Industry

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The global business process management market is estimated to exceed USD 18 billion by 2025. Rise in demand for process automation, improved efficiency and elevated return on investments are some of the primary factors supplementing the growth of business process management. Advancements in cloud computing, big data and increased IT expenditure have enabled organizations to manage, maintain and optimize their business processes.

In the current economic ecosystem, companies seek for better cost control, higher productivity and improved risk management to survive through recurrent market changes and flooding competitive pressure. The profits of business process management vary depending upon the objectives of the organization as well as their level of maturity. Several organizations believe that increasing cost-efficiency require more than merely slashing the overall budgets. Investments in business process management frameworks are equally important to achieve material savings. The application of business process management technology helps in automating complex processes, eliminates duplication of efforts as well as reduces manual work. Process improvement IT solution accounted for the highest revenue contributors in the global business process management market in 2017.

Rising penetration of internet and networking devices have further accelerated the growth of the integration IT solution segment. In several markets, such as the Belgium and Netherlands, public-private conglomerates are perceived by the governments as a method to improve the overall efficiency. There is an attrition of the void between the public and private enterprises. This tendency is driving the governments to transpose away from closed network platforms towards the ones which enable interaction with other partners. This is further expected to incline them towards open systems which in turn will make business process management a logical choice.

Browse Complete Report @ http://orbisresearch.com/reports/index/global-business-process-management-market-2018-2025-key-industry-insights-segments-opportunities-and-forecasts .

The report has analyzed several players in the market, some of which include:
• IBM Corporation
• Oracle Corporation
• Business 360, Inc.
• Microsoft Corporation
• Adobe Systems
• Others

Based on industry verticals, manufacturing, BFSI and IT & telecom are expected to grow at double-digit rates through 2025. This is in tandem with the fact that most of the companies in the aforementioned verticals emphasize on outsourcing non-core functions as well as integrating supply chain. Business process management helps in breaking down the silos that occur in the supply chain and confirm that all the functions are associated with same delivery goals.

Europe was the largest business process management market in the world in 2017. Countries with emerging economic development such as Netherlands, Denmark, etc. are now focusing on enhancing process automation to reduce costs and improve overall output efficiency. Business process management allows higher transparency across processes and provide real-time assessment of business performance. Thus, increasing demand for cost reduction, standardization of business and need for mitigating risks through timely response to business problems are some of the primary factors driving the global business process management market.

The dramatic shift towards the deployment of business process management in the past few years across several business verticals such as manufacturing, BFSI, healthcare, retail, etc. is expected to increase the user-base at a rapid pace. In addition, the introduction of on-cloud business process management has combined it with platform as a service which is further conjoining process support and application development to build process applications which are extremely flexible thus eliminating the traditional business productivity challenges.

Companies such as IBM Corporation, Nintex USA Inc, Appian Corporation, Software AG, Oracle Corporation, Ultimus Inc., TIBCO Software Inc., BPLogix, Inc., Pegasystems, Global 360, Inc., Hewlett Packard, Microsoft Corporation, Adobe System and Fujitsu Limited are some of the prominent market players with a global presence. The industry is marked by constant innovations in the software development methods, which are being quickly adopted by other vendors across the world.

Key segments of the upcoming report
IT Solution Overview, 2015 – 2025 (Revenue)
Process Improvement
Automation
Content and Document Management
Integration
Monitoring and Optimization

IT Service Overview, 2015 – 2025 (Revenue)
System Integration
Consulting
Training and Education

Business Function/ Department Overview, 2015 – 2025 (Revenue)
Human Resource
Accounting and Finance
Sales and Marketing
Supply Chain Management
Operation and Support

Organization Size Overview, 2015 – 2025 (Revenue)
SMEs
Large Enterprises
Deployment Type Overview, 2015 – 2025 (Revenue)
Cloud
On-Premise

Industry Vertical Overview, 2015 – 2025 (Revenue)
Government & Defense
BFSI
IT & Telecom
Healthcare
Retail
Manufacturing

Regional Overview, 2015 – 2025 (Revenue)
North America
U.S.
Canada
Europe
Spain
UK
Italy
France
Germany
Rest of Europe
Asia-Pacific
China
Australia
India
Japan
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Central & South America
Brazil
Mexico
Argentina
Rest of Central & South America

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