Business Process Management (BPM) Market 2021 Research Analysis and Growth Status With Latest Trends Forecast to 2027 | Fujitsu, Software AG, IT Convergence, IBM, Microsoft, SAP

MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Business Process Management (BPM) market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.

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The Business Process Management (BPM) Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global Business Process Management (BPM) Market with its specific geographical regions.

“Business Process Management (BPM) Market size is expected to grow from USD 8.8 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period”

Top leading Companies Profiled in Business Process Management (BPM) Market Report are Fujitsu, Software AG, IT Convergence, IBM, Microsoft, SAP, CrossOver Consulting & Auditing, Adobe, Business & Decision Peru, Oracle

Latest Update and Developments

Sensys Announces the Launch of Business Process Management (BPM) Software Solution – ProcessThread- Sensys Technologies has launched an effective workflow and business process management (BPM) software, ProcessThread. The software is available immediately through Sensys Technologies and is the company's response to customers' demands for an effective enterprise scale BPM software.

For instance, in July 2019, IBM acquired Red Hat for USD 34 billion to extend open source innovation to a broader range of clients and offer solutions on the next-generation hybrid multi-cloud platform. Furthermore, in November 2019, Open Text announced the acquisition of Carbonite Inc. to extend its capabilities on the cloud-based platform through Carbonite’s subscription data protection, backup, disaster recovery, and end-point security to small- and medium-sized businesses.

April 2021- Workflow automation provider Zoho announced the launch of their low code workflow product called Qntrl. It allows a less technical end user to drag and drop the components and then get help to finish the rest. The company is aiming for the mid-market with a product that requires less technical expertise than traditional business process management tools.

Market Overview

Business process management (BPM) is a discipline that involves a combination of process modeling, automation, execution, control, measurement, and optimization of the business process flows in the alignment of the enterprise goals, spanning systems, employees, customers, and business partners.

Additionally, retail banking has been benefitting from the adoption of advanced technologies as the same discipline impacted the fintech and technology market landscape. As per a recent EFMA survey on retail banking, it is expected that in 2020, banks and credit unions may be aligned toward product agility (32%), digital marketing (31%), digital channel migration (29%), and cutting costs (28%). This leads to bank employees dealing with a huge volume of data originating from customers and automated processes.

As the demand for business process management is directly related to the need for process automation in different sectors, the higher the demand for process automation around the world, the higher is the demand for business process management solutions. These factors help organizations and vendors to focus on entering the business process management market, as their core competency results in the overall growth of organizations.

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Market Research Study Focus on these Types:

Process Improvement

Automation

Content and Document Management

Integration

Monitoring and Optimization

Market Research Study Focus on these Applications:

Government and Defense

Banking, Financial Services, and Insurance (BFSI)

IT and Telecommunication

Healthcare

Retail

Manufacturing

Others

Global Business Process Management (BPM) Market: Regional Segment-

─North America (US, Canada)

─Europe (Germany, UK, France, Rest of Europe)

─Asia Pacific (China, Japan, India, Rest of Asia Pacific)

─Latin America (Brazil, Mexico)

─Middle East and Africa

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Key Takeaways from Business Process Management (BPM) Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Business Process Management (BPM) market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Business Process Management (BPM) market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Business Process Management (BPM)

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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