Report: Global Business Process Management Market Overview; Forecast 2023

Report: Global Business Process Management Market Overview; Forecast 2023

Business Process Management (BPM) is the process adopted by organizations for improving business operations. It empowers organizations by managing workflow more efficiently, effectively and making it more adaptable to environmental change. BPM software, specifically, helps organizations in achieving specific goals such as increasing productivity of the business, efficiency in business workflow and return on investment (ROI).

The key drivers of the BPM market includes cloud solution technology that helps users to gain advantages from BPM solutions at a lower cost. The Global Business Process Management Market Research Report Forecast to 2023 is segmented into North America, Europe, Asia-Pacific and the “Rest of the World” (ROW).

North America region is generating highest market share in the business process management market owing to better network infrastructure, digitization and higher technology implementation. According to the report, the implementation of BPM software by both small and medium enterprises is increasing rapidly as more organizations see a demand to increase their business productivity by shifting from on-premise to cloud-based solutions.

Major Key Players

Some of the key players analyzed and evaluated in the report include IBM Corporation, Appian Corporation, Software AG, Oracle, Pegasystems, TIBCO Solution Inc and Open Text Corporation, just to name a few.

These BPM software vendors have been evaluated on the basis of solution and product offerings, business department, organization size and verticals. The purpose of the vendor evaluations is to provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

The Global Business Process Management Market Research Report provides investors, system integrators, government organizations, research and consultancy firms, technology solution providers, and IT solution providers an insight into the global BPM market, including:

  • factors affecting the market growth
  • historical and forecast revenue of the market segments
  • country level analysis of the market for segment on the basis of software, service, deployment and technology
  • track and analyze competitive developments such as joint ventures, strategic alliances, mergers, new product developments and research in BPM

Read the full report.

Elizabeth Quirk
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