The global business process management (BPM) market is expected to register substantial growth in the near future, attributed to growth in need for process automation and improved efficiency, need to adhere stringent government regulations and policies, and improve return on investments (RoI) for organizations. Further, advances in cloud computing and Big Data offering increased efficiency in BPM software and increased IT expenditure is expected to offer noticeable growth for the global business process management market. However, resistance to adopt BPM solution by middle management of an organization and lack of clarity about the benefits of BPM solutions among end users hamper the market growth.
Major industry players such as – IBM Corporation, Red Hat, Inc., Software AG, Oracle Corporation, Opentext, Inc., Adobe, Microsoft Corporation, EMC Corp., TIBCO Software, and Appian Corp. are also provided in this report.
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The report segments the business process management (BPM) market based on component, functionality, deployment mode, organization size, industry vertical, and geography. As per component, the market is segmented into solution and services. Solution segment is further categorized into process modelling, automation, content & document management, integration, and monitoring & optimization. As per services, the market is segmented into implementation, consulting, and training & education. Based on functionality, the market is studied across accounting and finance, sales and marketing, human resource management, operations & supply chain management, and others. Based on deployment mode, it is bifurcated into on premise and cloud-based. As per organization size the market is categorized into large and SMEs. As per industry vertical, the market is studied across healthcare, manufacturing, transportation & logistics, energy & utilities, BFSI, public sector, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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Key offerings of the report:
- Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
- Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
- Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
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