Press release
Business Process Management (BPM) as a Service Market 2019: Top Companies CSC, IBM, OpenText, Oracle, SAP, Accenture, Adaptive Planning, Adobe Systems, Capgemini, Cognizant Tech, Genpact, Software, Progress Software, Red Hat, Software AG, Tibco Software,
Global Business Process Management (BPM) as a Service Market Research Report Forecast from 2019 to 2025Business Process Management or BPM is a process or group of processes that helps to optimize and improve the business performance of an organization. BPM is used to achieve consistent and targeted results as per the company's strategic goal. BPM as a service refers to the business processes integrated with cloud services such as SaaS, PaaS, and IaaS. BPM as a service provides various advantages such as improved visibility in business processes, virtual workplaces, improved performances, and helps in decision making. The BPM solution optimizes business processes through various components such as process design, process engines, rules engines, and process analytics and increases the profitability of the organization. It is also used to simulate, automate, and monitor business processes in various sectors such as Human Resource (recruitment, training, and performance management), Sales and Marketing (pre-sales and post-sales), Manufacturing (invoicing), CRM (accurate and up-to-date information), and R&D (better infrastructure and effective management of processes) of any organization.
The BPM software helps organizations to meet the standards, rules, and regulations set by the government. As the organizations need to comply with different laws and regulations, namely, labor laws, file financial reports, regulatory compliance and others, the BPM software enables the organizations to keep track of their obligations and changing rules. Furthermore, to accelerate return on investment, the enterprises are investing in new technologies and automated workflows to achieve material savings. Small and medium Enterprises (SMEs) are recognizing the effective implementation of BPM technologies and techniques toward achieving significant efficiency savings in the medium term. BPM software permits the organizations to make changes to their business processes and implement changes without disrupting the current business process.
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North America is expected to have the largest market share and would dominate the BPM market from 2016 to 2021, due to the presence of a large number of BPM vendors. APAC offers potential growth opportunities for the BPM market to grow as countries in APAC are investing heavily to increase their efficiency and productivity.
The Top Key Players covered in this market Report are CSC, IBM, OpenText, Oracle, Pegasystems, SAP, Accenture, Adaptive Planning, Adeptia, Adobe Systems, Appian, Barium, Capgemini, Cognizant Tech, Colosa, E-Builder, Eccentex, Genpact, HandySoft Global, Integrify, Knowesia, Kofax, Lexmark International, Metasonic, MicroPact, NorthgateArinso, Perceptive Software, Progress Software, Questetra, Red Hat, Software AG, Tibco Software, Wipro, XMPro
Market segment by Type, the product can be split into
Service
Others
Market segment by Application, split into
SMES
Enterprises
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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The study objectives of this report are:
• To analyze global Business Process Management (BPM) as a Service status, future forecast, growth opportunity, key market and key players.
• To present the Business Process Management (BPM) as a Service 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 (BPM) as a Service are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Research Objectives:
•To study and analyze the global Business Process Management (BPM) as a Service consumption (Value & Volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
•To understand the structure of Business Process Management (BPM) as a Service market by identifying its various sub segments.
•Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
•To analyze the Business Process Management (BPM) as a Service with respect to individual growth trends, future prospects, and their contribution to the total market.
•To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
•To project the consumption of Business Process Management (BPM) as a Service submarkets, with respect to key regions (along with their respective key countries).
•To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
•To strategically profile the key players and comprehensively analyze their growth strategies.
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