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Business Process Management Market Outlook and Forecast by 2023 - Top Industry Players Profiled ed Hat, Software AG, Oracle, Opentext, Adobe, Microsoft, EMC Corp., TIBCO Software, Appian Corp.

01-03-2019 06:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Business Process Management Market Outlook and Forecast by 2023

Business Process Management (BPN) is a discipline of operation management that is dedicated towards improving corporate performance by maintaining, managing, and optimizing companys business processes. It involves activities including design, automation, modeling, control, execution, measurement, process optimization, and others to support enterprise goals.

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The business process management (BPM) market involves study of software and services used to achieve aforementioned activities with high efficiency and output. Conventionally, on premise BPM is used for the most enterprises, however advances in cloud computing have increased the interest in on-demand software as-a-service (SaaS) offerings during the recent years.

The global business process management (BPM) market is expected to register substantial growth in the near future, attributed to growth in need for process automation and improved efficiency, need to adhere stringent government regulations and policies, and improve return on investments (RoI) for organizations. Further, advances in cloud computing and Big Data offering increased efficiency in BPM software and increased IT expenditure is expected to offer noticeable growth for the global BPM market. However, resistance to adopt BPM solution by middle management of an organization and lack of clarity about the benefits of BPM solutions among end users hamper the market growth.

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The report segments the business process management (BPM) 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 & optimization. As per services, the market is segmented into implementation, consulting, and training & education. Based on functionality, the market is studied across accounting and finance, sales and marketing, human resource management, operations & 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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Comprehensive competitive analysis and profiles of major market players such as IBM Corporation, Red Hat, Inc., Software AG, Oracle Corporation, Opentext, Inc., Adobe, Microsoft Corporation, EMC Corp., TIBCO Software, and Appian Corp. are also provided in this report.

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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