Dublin, July 07, 2023 (GLOBE NEWSWIRE) -- The "Business Process Management (BPM): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Business Process Management (BPM) estimated at US$13.2 Billion in the year 2022, is projected to reach a revised size of US$31.2 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2022-2030.
Platform, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$17 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 13.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 14.3% CAGR
The Business Process Management (BPM) market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 14.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 10.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.
Select Competitors (Total 320 Featured) -
- Adobe Systems Inc.
- Appian Corporation
- ASG Technologies Group, Inc.
- BP Logix, Inc.
- Comindware Inc.
- Fabasoft AG
- Fujitsu Limited
- HP Development Company, L.P
- Hitachi, Ltd.
- IBM Corporation
- Kissflow Inc.
- Microsoft Corporation
- Nintex UK Ltd
- OpenText Corporation
- Oracle Corporation
- Pegasystems Inc.
- SAP SE
- Signavio GmbH
- Software AG
- Tibco Software Inc.
- Ultimus Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 1025 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $13.2 Billion |
| Forecasted Market Value (USD) by 2030 | $31.2 Billion |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
- Progress on Vaccinations: Why Should Businesses Care?
- With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
- A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
- COVID-19 Significantly Tips the Scale in Favor of Business Processes Management
- An Introduction to Business Process Management (BPM): Inescapable Buzzword with Intriguing Merits
- BPM Systems: Classification
- Components of BPM Lifecycle
- BPA: A Subset of BPM
- BPM: Primary Merits
- Business Process Management: Experiencing Evolutionary Tidings with Advances
- Global Business Process Management Market to Chart Ambitious Course
- BPM: Interesting Market Dynamics
- Salient Drivers Giving Special Thrust to Business Process Management Market
- Analysis by Component
- World Business Process Management Market by Component (2021 & 2027): Percentage Breakdown of Revenues for Platform, and Services
- Analysis by Business Function: Procurement & SCM, the Fastest Growing Segment
- World Business Process Management Market by Business Function (2021 & 2027): Percentage Breakdown of Revenues for Sales & Marketing, Human Resource Management (HRM), Procurement & Supply Chain Management (SCM), Accounting & Finance, Customer Service Support, and Other Business Functions
- Analysis by End-Use: Manufacturing and BFSI Trending End-Use Industry Segments of Global BPM Market
- World Business Process Management Market by End-Use (2021 & 2027): Percentage Breakdown of Revenues for Manufacturing, BFSI, IT & Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, and Other End-Uses
- Regional Analysis: Led by US, North America Maintains Authoritative Position in Global BPM Market
- World Business Process Management Market by Region: Percentage Breakdown of Revenues for Developed and Developing Regions (2021 & 2027)
- Asia-Pacific to Showcase Impressive Growth
- World Business Process Management Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Rest of World, USA, Canada, Europe, and Japan
- Competitive Scenario
- Recent Market Activity
- Business Process Management (BPM) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Select Trends Impacting the Business Process Management Market
- BPM Playing Key Role in Business Innovation
- Business Process Management Software Unleashes Intriguing Value for Businesses
- AI Set to Play Central Role in Business Processes Management Advancements
- Business Process Management: Crucial Spoke on Digital Transformation Wheel
- BPM Fits Perfectly in Digital Transformation Picture
- BPM Bears Symbolic Relationship with IT, Automation & Digital Transformation
- Amidst Accelerated Digital Transformation, Businesses Turn to BPM to Benefit from the Digitization Trend
- Digital Transformation Accelerates Demand for Cloud Services, Driving Need for BPM: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
- Enterprise Focus on Business Continuity & Remote Working Technologies Presents Market Opportunities
- WFM Employees as a % of the Total Workforce for 2019 and 2020
- IT Spending Levels Impact Growth in the BPM Market
- IT Spending Shifts Towards the Cloud: Enterprise IT Spending Breakdown (in %) by Traditional IT and Cloud for 2022 and 2025
- Addition of BPaaS to BPM Model Catalyzing Growth
- BPM Brings Change in Banking and Financial Services Sector
- BPM to Shape the Capital Markets Industry
- Procurement and Supply Chain BPM: Promising Growth in Store
- Catalyzed by the Pandemic e-Commerce Flourishes to Fuel Growth for BPM Market
- e-Commerce Sales as % of Total Retail Sales Worldwide for the Period 2015-2022P
- Growing Relevance of Big Data and Analytics in Healthcare BPM
- Global Market for Data Analytics by Type for the Years 2019 and 2025
- Global Adoption Rates (in %) of Big Data Technologies by Industry (2019E)
- Business Process Management: Key Challenges
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/o2mdlk
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