Business Process Management Market by Component, Deployment Type, Organization Size, Business Function (Sales and Marketing, HRM, Procurement and SCM, and Customer Service Support), Industry, and Region - Global Forecast to 2025
The 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. The major factors driving the growth of the BPM market include digital initiatives, need to design business processes as per the project requirement, automation of various business processes to enhance productivity, and ease in integration of processes with different communication systems within organizations.
“Platform segment to hold the highest market share during the forecast period”
The platform segment is estimated to hold the larger market size during forecast period. The BPM platform is used by organizations to enhance corporate performance across different business functions, such as HRM, procurement and SCM, and sales and marketing. Industries across the globe use the BPM platform to map any business structure, automate complex business processes, and harness the benefits of different capabilities offered by different vendors that cater to the market. The major application of BPM platform includes process improvement, process automation, document and content management, process integration, and monitoring and optimization of business processes.
“Sales and marketing segment to grow at the highest CAGR during the forecast period”
Sales and marketing is one of the vital business functions of enterprises, as it helps in revenue generation. With intense competition among enterprises in this business function, even minor delays result in the loss of revenue as the prospective customer can be taken by a competitor. Sales and marketing process automation and optimization helps upkeep the effective communication and maintain buyer-seller relationship. According to MarketingProfs, a tightly aligned sales and the marketing function has 36% higher customer retention rates and 38% higher sales success rates.
“Manufacturing industry segment to hold the largest market size during the forecast period”
Among industries, the manufacturing industry is expected to hold the largest market size in terms of the adoption of BPM platform and services during the forecast period. The manufacturing industry relies heavily on a network of collaborators, as manufacturers need to regularly share and update the information related to raw materials, processing, engineering, designing, and production with stakeholders. The technological advancement has led manufacturers to harness machine-to-machine systems, various mobile apps, and cloud applications, which has also extended their reach to the emerging markets. Moreover, manufacturing enterprises are modernizing their IT infrastructure, resulting in advanced control dashboards, and predictive maintenance algorithms, which can help perform general manufacturing operations as well as other support functions. BPM can assist the manufacturing enterprises in reducing lead time and streamlining their processes.
“APAC to grow at the highest CAGR during the forecast period”
Major economies in Asia Pacific (APAC) include China, Japan, India, Australia, and Singapore. The economies have heavily invested in startup ecosystem for cloud technologies. Furthermore, the region also has a competitive advantage over other regions, due to the easy availability of cost-efficient software and trained workforce, and flexible regulations and policies. Factors such as the increasing IT investment (As per NASSCOM, in 2018, IT spend in India was 1.4 trillion), need to enhance data-based decision making, and boosting the efficieny of employees, are expected to drive the BPM market forward.
- By Company Type: Tier 1 – 50%, Tier 2 – 27%, and Tier 3 – 23%
- By Designation: C-level – 43%, Directors – 27%, and Others – 30%
- By Region: North America – 46%, Europe – 26%, APAC – 16%, MEA– 7% and Latin America – 5%
Research coverage
The market study covers the BPM market across different segments. It aims at estimating the market size and the growth potential of this market across different segments, such as component, business function, deployment type, organization size, industry, and region.
The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall BPM market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses, and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.2 BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
2.4 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY
2.5 MARKET FORECAST
2.6 ASSUMPTIONS FOR THE STUDY
2.7 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE BUSINESS PROCESS MANAGEMENT MARKET
4.2 BUSINESS PROCESS MANAGEMENT MARKET, BY BUSINESS FUNCTION
(2020 VS. 2025)
4.3 BUSINESS PROCESS MANAGEMENT MARKET, BY DEPLOYMENT TYPE (2020 VS. 2025)
4.4 BUSINESS PROCESS MANAGEMENT MARKET, BY ORGANIZATION SIZE
(2020 VS. 2025)
4.5 BUSINESS PROCESS MANAGEMENT MARKET, BY INDUSTRY (2020 VS. 2025)
4.6 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Optimized resource utilization through automated business processes
5.2.1.2 Automated IT systems help serve customers’ dynamic requirements
5.2.1.3 Streamlined communication across varied business functions in the organization
5.2.2 RESTRAINTS
5.2.2.1 Persistent growth in cyberattacks and security issues
5.2.3 OPPORTUNITIES
5.2.3.1 Integration of AI and ML technologies
5.2.3.2 Rising demand for robust solutions to maximize the visibility and control over processes
5.2.4 CHALLENGES
5.2.4.1 Growing cultural barrier to adopt advanced solutions over traditional systems
5.2.4.2 Selecting appropriate processes to implement automation
5.3 USE CASES
5.3.1 USE CASE 1: AUTOMATING EMPLOYEE SURVEY PROCESS BY DEPLOYING BUSINESS PROCESS MANAGEMENT SOLUTION
5.3.2 USE CASE 2: AUTOMATING CORE BUSINESS OPERATIONS AND SERVICE FUNCTION BY IMPLEMENTING BUSINESS PROCESS MANAGEMENT SOLUTION
5.3.3 USE CASE 3: TRANSFORMING SUPPLY CHAIN TO STREAMLINE PURCHASE ORDER BY IMPLEMENTING BUSINESS PROCESS MANAGEMENT SOLUTION
6 BUSINESS PROCESS MANAGEMENT MARKET, BY COMPONENT
6.1 INTRODUCTION
6.1.1 COMPONENT: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
6.2 PLATFORM
6.3 SERVICES
7 BUSINESS PROCESS MANAGEMENT MARKET, BY BUSINESS FUNCTION
7.1 INTRODUCTION
7.1.1 BUSINESS FUNCTION: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
7.2 HUMAN RESOURCE MANAGEMENT
7.3 PROCUREMENT AND SUPPLY CHAIN MANAGEMENT
7.4 SALES AND MARKETING
7.5 ACCOUNTING AND FINANCE
7.6 CUSTOMER SERVICE SUPPORT
7.7 OTHERS
8 BUSINESS PROCESS MANAGEMENT MARKET, BY DEPLOYMENT TYPE
8.1 INTRODUCTION
8.1.1 DEPLOYMENT TYPE: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
8.2 ON-PREMISES
8.3 CLOUD
9 BUSINESS PROCESS MANAGEMENT MARKET, BY ORGANIZATION SIZE
9.1 INTRODUCTION
9.1.1 ORGANIZATION SIZE: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
9.2 LARGE ENTERPRISES
9.3 SMALL AND MEDIUM-SIZED ENTERPRISES
10 BUSINESS PROCESS MANAGEMENT MARKET, BY INDUSTRY
10.1 INTRODUCTION
10.1.1 INDUSTRY: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
10.3 INFORMATION TECHNOLOGY
10.4 TELECOMMUNICATION
10.5 RETAIL AND CONSUMER GOODS
10.6 MANUFACTURING
10.7 HEALTHCARE AND LIFE SCIENCES
10.8 OTHER INDUSTRIES
11 BUSINESS PROCESS MANAGEMENT MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 NORTH AMERICA: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
11.2.2 UNITED STATES
11.2.3 CANADA
11.3 EUROPE
11.3.1 EUROPE: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
11.3.2 UNITED KINGDOM
11.3.3 GERMANY
11.3.4 FRANCE
11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
11.4.2 CHINA
11.4.3 JAPAN
11.4.4 REST OF ASIA PACIFIC
11.5 MIDDLE EAST AND AFRICA
11.5.1 MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
11.5.2 KINGDOM OF SAUDI ARABIA
11.5.3 UNITED ARAB EMIRATES
11.5.4 REST OF MIDDLE EAST AND AFRICA
11.6 LATIN AMERICA
11.6.1 LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET DRIVERS
11.6.2 BRAZIL
11.6.3 MEXICO
11.6.4 REST OF LATIN AMERICA
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 COMPETITIVE SCENARIO
12.2.1 NEW PRODUCT/SOLUTION LAUNCHES AND PRODUCT ENHANCEMENTS
12.2.2 BUSINESS EXPANSIONS
12.2.3 AGREEMENTS/PARTNERSHIPS/COLLABORATIONS
12.2.4 ACQUISITIONS
12.3 COMPETITIVE LEADERSHIP MAPPING
12.3.1 VISIONARY LEADERS
12.3.2 DYNAMIC DIFFERENTIATORS
12.3.3 INNOVATORS
12.3.4 EMERGING COMPANIES
13 COMPANY PROFILES
13.1 INTRODUCTION
13.2 PEGASYSTEMS
(Business Overview, Products and Services Offered, Recent Developments, and SWOT Analysis)*
13.3 APPIAN
13.4 IBM
13.5 ORACLE
13.6 SOFTWARE AG
13.7 NINTEX
13.8 OPENTEXT
13.9 GENPACT
13.10 NEWGEN SOFTWARE
13.11 TIBCO
13.12 BIZAGI
13.13 PROCESSMAKER
13.14 CREATIO
13.15 AGILEPOINT
13.16 BP LOGIX
13.17 K2
13.18 KISSFLOW
13.19 BONITASOFT
13.20 KOFAX
13.21 AURAPORTAL
*Details on Business Overview, Products and Services Offered, Recent Developments, and SWOT Analysis might not be captured in case of unlisted companies.
13.22 RIGHT-TO-WIN
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2016–2019
TABLE 2 FACTOR ANALYSIS
TABLE 3 BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 4 PLATFORM: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 5 SERVICES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 6 BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2018–2025 (USD MILLION)
TABLE 7 HUMAN RESOURCE MANAGEMENT: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 8 PROCUREMENT AND SUPPLY CHAIN MANAGEMENT: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 SALES AND MARKETING: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 10 ACCOUNTING AND FINANCE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 CUSTOMER SERVICE SUPPORT: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 12 OTHERS: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
TABLE 14 ON-PREMISES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 CLOUD: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 16 BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 17 LARGE ENTERPRISES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 SMALL AND MEDIUM-SIZED ENTERPRISES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 19 BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY INDUSTRY, 2018–2025 (USD MILLION)
TABLE 20 BANKING, FINANCIAL SERVICES, AND INSURANCE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 INFORMATION TECHNOLOGY: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 22 TELECOMMUNICATION: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 RETAIL AND CONSUMER GOODS: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 MANUFACTURING: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 HEALTHCARE AND LIFE SCIENCES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 26 OTHER INDUSTRIES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 28 NORTH AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 29 NORTH AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2018–2025 (USD MILLION)
TABLE 30 NORTH AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 31 NORTH AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
TABLE 32 NORTH AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY INDUSTRY, 2018–2025 (USD MILLION)
TABLE 33 NORTH AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 34 UNITED STATES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 35 UNITED STATES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 36 UNITED STATES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 37 CANADA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 38 CANADA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 39 CANADA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 40 EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 41 EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2018–2025 (USD MILLION)
TABLE 42 EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 43 EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 44 EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY INDUSTRY, 2018–2025 (USD MILLION)
TABLE 45 EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 46 UNITED KINGDOM: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 47 UNITED KINGDOM: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 48 UNITED KINGDOM: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 49 GERMANY: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 50 GERMANY: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 51 GERMANY: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 52 FRANCE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 53 FRANCE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 54 FRANCE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 55 REST OF EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 56 REST OF EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 57 REST OF EUROPE: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–20235(USD MILLION)
TABLE 58 ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 59 ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2018–2025 (USD MILLION)
TABLE 60 ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 61 ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 62 ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY INDUSTRY, 2018–2025 (USD MILLION)
TABLE 63 ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 64 CHINA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 65 CHINA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 66 CHINA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 67 JAPAN: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 68 JAPAN: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 69 JAPAN: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 70 REST OF ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 71 REST OF ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 72 REST OF ASIA PACIFIC: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 73 MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 74 MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2018–2025 (USD MILLION)
TABLE 75 MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 76 MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 77 MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY INDUSTRY, 2018–2025 (USD MILLION)
TABLE 78 MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 79 KINGDOM OF SAUDI ARABIA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 80 KINGDOM OF SAUDI ARABIA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 81 KINGDOM OF SAUDI ARABIA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 82 UNITED ARAB EMIRATES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 83 UNITED ARAB EMIRATES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 84 UNITED ARAB EMIRATES: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 85 REST OF MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 86 REST OF MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 87 REST OF MIDDLE EAST AND AFRICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 88 LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 89 LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2018–2025 (USD MILLION)
TABLE 90 LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 91 LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2023 (USD MILLION)
TABLE 92 LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY INDUSTRY, 2018–2025 (USD MILLION)
TABLE 93 LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 94 BRAZIL: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 95 BRAZIL: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 96 BRAZIL: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 97 MEXICO: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 98 MEXICO: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 99 MEXICO: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 100 REST OF LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 101 REST OF LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 102 REST OF LATIN AMERICA: BUSINESS PROCESS MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 103 NEW PRODUCT/SOLUTION LAUNCHES AND PRODUCT ENHANCEMENTS, 2018–2019
TABLE 104 BUSINESS EXPANSIONS, 2017–2019
TABLE 105 AGREEMENTS/PARTNERSHIPS/COLLABORATIONS, 2018–2020
TABLE 106 ACQUISITIONS, 2018–2020
TABLE 107 EVALUATION CRITERIA
BPM can be defined as the process that enables enterprises to optimize their business processes by the use of software and services that enable enterprises to attain visibility and enhance the efficiencies of their business processes. The main objective of BPM is to help businesses to optimize business processes enabling businesses to improve the performance of these processes.
With the increasing complexities in business processes and growing mergers and acquisitions, enterprises are faced with the difficult task of maintaining these business processes so that these business processes can work within the same business environment and enhance the overall efficiency of the business processes.
BPM solutions can be categorized into four main categories, namely, process modeling, process automation, process management, and process optimization which are widely used by enterprises of various sizes globally. The use of these solutions enable enterprises to optimize their business processes and enhance the functioning of these processes enabling them to better manage their resources and help them to quicken there decision-making process. Some of the leading companies in this market include IBM, Oracle, Software AG, Pegasystems, and Appian. These players have shown promising signs and have developed expertise that proves their leading role in this market. Besides these players, the other players who have significant offerings in the market are EMC, Fujitsu, Hyland Software, TIBCO Software, and OpenText. These players have significant BPM solutions portfolio and are gradually catching up with the leading players in the market.
IBM is the leading player in the BPM market with a wide portfolio of solutions and services in this market. IBM business process manager enables businesses to customize their business processes in an integrated environment. It also contains tools for the business processes to monitor, execute, and optimize them.