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Top Factor Driving Business Process Management Market Growth in 2025: The Rising Need For Automation Is Driving The Business Process Management Market
Business Process Management
The escalating demand for automation is anticipated to fuel the expansion of the business process management market in the future. The concept of automation involves leveraging technology to create and deliver products and services with the least human interaction. Factors such as the quest for heightened efficiency, scalability, cost savings, and a reduction in mistakes across different sectors and procedures are fostering an increased appetite for automation. Implementing automation in BPM assists corporations in refining their business processes, enhancing productivity, and promoting operational superiority. Businesses can concentrate on strategic planning, innovation, and offering value to consumers by automating mundane tasks and the decision-making process. For example, a survey in January 2022 involving 600 IT professionals from North America and Europe by Germany's open-source platform, Camunda, discovered that over 82% of the participants stated that process automation has become a higher priority for their organization compared to the previous year. Hence, the surging demand for automation is propelling the growth of the business process management market.
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What growth opportunities are expected to drive the business process management market's CAGR through 2034?
The size of the business process management market has seen a significant increase in the recent past. It's anticipated to surge from $18.67 billion in 2024 to $22.09 billion in 2025, with a compound annual growth rate (CAGR) of 18.3%. The previously witnessed growth can be credited to factors such as demands for process efficiency, a surge in data, needs for analytics, risk management necessities, demands for organizational agility, and regulatory compliance requirements.
The market size for business process management (BPM) is predicted to experience a swift expansion in the coming years. Its worth will surge to $42.76 billion in 2029, representing a compound annual growth rate (CAGR) of 18.0%. Several factors can explain this projected growth within the forecast timeframe. These include the emphasis on operational efficiency, the need for process automation, the integration of burgeoning technologies, sustaining business continuity and resilience, and tailor-made solutions for specific industries. The forecast period is expected to witness several emerging trends, namely the development of cloud-based BPM solutions, the integration of robotic process automation, BPM's role in ensuring compliance and risk management, the shift towards customer-focused process design, and the rise of low-code or no-code platforms.
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What are the emerging trends shaping the future of the business process management market?
Leading firms in the business process management sector are establishing strategic alliances to boost their competitive position in the market. Such partnerships are pivotal in improving automation, implementing ERP (enterprise resource planning), and driving digital transformation projects. For example, in June 2023, Avec, an IT project delivery company based in Australia, formed a partnership with PRIME BPM, an Australian business process management organization. The aim was to boost its project skills using PRIME BPM's software across different areas. This partnership will integrate PRIME BPM's comprehensive Business Process Management solutions into Avec's services, ensuring superior results for its clientele.
Which growth-oriented segments of the business process management market are leading the industry's development?
The business process management market covered in this report is segmented -
1) By Solution: Automation, Process Modeling, Content And Document Management, Monitoring And Optimization, Integration, Other Solutions
2) By Deployment: Cloud-Based, On-Premise
3) By Business Function: Human Resource Management (HRM), Procurement And Supply Chain Management (SCM), Sales And Marketing, Accounting And Finance, Customer Service Support, Other Business Functions
4) By Application: BFSI (Banking, Financial Services and Insurance), IT, Retail, Manufacturing, Healthcare, Government And Defense, Other Applications
5) By End-user: Small And Medium-sized Enterprises (SMEs), Large Enterprise
Subsegments:
1) By Automation: Robotic Process Automation (Rpa), Intelligent Process Automation (Ipa), Workflow Automation
2) By Process Modeling: Business Process Modeling Notation (Bpmn), Process Mapping Tools, Process Simulation Tools
3) By Content And Document Management: Document Management Systems (Dms), Enterprise Content Management (Ecm), Digital Asset Management (Dam)
4) By Monitoring And Optimization: Real-time Monitoring, Process Analytics, Performance Management, Predictive Analytics
5) By Integration: Application Integration, Data Integration, Cloud Integration, Api Management
6) By Other Solutions: Case Management, Decision Management, Collaboration Tools, Customer Relationship Management (Crm) Integration
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North America was the largest region in the business process management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business process management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the business process management market?
Major companies operating in the business process management market are Microsoft Corporation, International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Salesforce.com Inc., Red Hat Inc., Genpact Ltd., Pegasystems Inc., WNS Global Services, Software AG, TIBCO Software Inc., Bizagi Group, Newgen Software Inc., Appian Corporation, Kofax Corporation, Nintex Global Ltd., Laserfiche Corporation, Camunda, ProcessMaker Inc., Ultimus, Auraportal Corp., Bonitasoft, BP Logix Inc., FlowForma, WorkflowGen
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What Is Covered In The Business Process Management Global Market Report?
•Market Size Forecast: Examine the business process management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the business process management market for a structured understanding.
•Key Players Overview: Analyze major players in the business process management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the business process management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the business process management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the business process management market.
•Industry Challenges: Identify potential risks and obstacles affecting the business process management market.
•Competitive Landscape: Review strategic developments in the business process management market, including expansions, agreements, and new product launches.
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