Global Business Process Management (BPM) Software Market Trends, Sales, Status and Key Players: IBM Corporation, Red Hat Inc., Software AG, Oracle Corporation, Opentext Inc., Adobe, Microsoft Corporation, EMC Corp., TIBCO Software and Appian Corp

Business process management (BPM) software Market Overview
Business Process Management is a key term and is actively convinced within the company these days. A business process is a series of value-added activities that collaborate specifically to achieve a common goal. Business processes are essential for any organization because they generate revenue and represent a significant cost to the business. BPM is used for the management of connection, integration and service-oriented architecture (SOA) processes. Business process management techniques are increasingly accepted but the interpretation is different. There is a wide range of business processes adapted to different areas. Some areas of manufacturing activity focus on very strictly controlled processes. They require a very consistent result. The customer service areas focus on very free and unstructured processes as they require varied and personalized results. Business process management software is booming as companies believe that process automation can generate more revenue and results. The software is the strategic asset of companies to help organizations achieve their goals.

Global Business Process Management (BPM) Software Market is predicted to be valued at valued at USD 1580 million in 2016 and anticipated to reach USD 1760 million by the end of 2021, growing at a adequate CAGR of 4.36% during the forecast period 2016 to 2021.

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Drivers and Restraints:
It is expected that the global Business process management (BPM) software Market will grow substantially in the near future due to the growing need for process automation and greater efficiency, the need to comply with strict government regulations and policies, and improve ROI organizations. In addition, advances in cloud computing and big data, which provide greater efficiency of BPM software and increased IT spending, should lead to significant growth in the global market. However, the resistance to the adoption of the BPM software by the intermediate managers of a company and the lack of clarity of the benefits of the BPM solutions for end users hinder the growth of the market.

Segmentation:
The report segments the business process management (BPM) software market based on component, functionality, deployment mode, organization size, industry vertical, and geography. As per component, the market is segmented into solution and services. Solution segment is further categorized into process modelling, automation, content & document management, integration, and monitoring and optimization. As per services, the market is segmented into implementation, consulting, and training and education. Based on functionality, the market is studied across accounting and finance, sales and marketing, human resource management, operations and supply chain management, and others. Based on deployment mode, it is bifurcated into on-premise and cloud-based. As per organization size, the market is categorized into large and SMEs. As per industry vertical, the market is studied across healthcare, manufacturing, transportation & logistics, energy & utilities, BFSI, public sector, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Players:
Some of the major players dominating the Business process management software (BPM) Market are IBM Corporation, Red Hat, Inc., Software AG, Oracle Corporation, Opentext, Inc., Adobe, Microsoft Corporation, EMC Corp., TIBCO Software, and Appian Corp.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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