Business Process Management as a Service Market BPMaaS Industry to Grow at a CAGR of 38.55% to 2020

BPMaaS optimizes business processes and increases profitability through process design, process engines, and process analytics. It is also used to simulate, automate, and monitor business processes in sectors such as human resources (recruitment, training, and performance management), sales and marketing (pre-sales and post-sales), manufacturing (invoicing), customer relationship management (CRM), and R&D (improved infrastructure and effective management of processes).

Publisher's analysts forecast the global BPMaaS market to grow at a CAGR of 38.55% during the period 2016-2020.

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Business processes that are integrated with cloud services like software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS) are commonly referred to as BPMaaS. In recent times, it has been observed that many organizations have started adopting BPMaaS solutions to maintain product quality, remove inefficiencies in manufacturing processes, check errors, track design changes, enhance overall productivity and reduce costs, ensure time management, boost ROI, and improve time-to-market. The ability of BPMaaS to improve business process visibility and the decision-making ability of organizations will lead to its increased adoption during the forecast period.

Key vendors
- CSC
- IBM
- OpenText
- Oracle
- Pegasystems
- SAP

Other prominent vendors
- Accenture
- Adaptive Planning
- Adeptia
- Adobe Systems
- Appian
- Barium
- Capgemini
- Cognizant Tech
- Colosa
- E-Builder
- Eccentex

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Market driver
- Need for improvement of business processes
- For a full, detailed list, view our report

Market challenge
- Difficulty in choosing suitable solutions
- For a full, detailed list, view our report

Market trend
- Increasing adoption of hybrid cloud BPM solutions
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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