Business Process Management Market to Witness Huge Growth by Key Players: Pegasystems, Appian, IBM, Oracle, Software AG and Others.
Global Business Process Management Market 2019 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Business Process Management Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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The Business Process Management (BPM) Market size is expected to grow from US$ 8.8 Billion in 2020 to US$ 14.4 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. This report spread across 179 Pages, Profiling 20 Companies and Supported with 107 Tables and 41 figures are now available in this research.
Top Companies Profiled in the Business Process Management Market:
• Pegasystems (US)
• Appian (US)
• IBM (US)
• Oracle (US)
• Software AG (Germany)
• Nintex (US)
• OpenText (Canada)
• Newgen Software (India)
• Genpact (US)
• TIBCO (US)
• Bizagi (UK)
• ProcessMaker (US)
• Creatio (US)
• AgilePoint (US)
• BP Logix (US)
• K2 (US)
• Bonitasoft (France)
• Kissflow (India)
• Kofax (US)
• AuraPortal (US)
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.
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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.
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.
Breakdown of primary participants’ profile:
• 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%
Competitive Landscape of Business Process Management Market:
2 Competitive Scenario
2.1 New Product/Solution Launches and Product Enhancements
2.2 Business Expansions
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.4 Emerging Companies
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Reason to access this 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.
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This release was published on openPR.
Originally Published on : https://www.openpr.com/news/2125159/business-process-management-market-to-witness-huge-growth-by-key
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