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Business Process Management Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2022-2027

Published on: Feb 2022 | From USD $2499 | Published By: IMARCGROUP | Number Of Pages: 145

The global business process management (BPM) market reached a value of US$ 9.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting a CAGR of 14.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

BPM refers to a group of processes that are employed to improve the overall performance of an organization. These solutions usually manage and optimize process modeling, automation, control and execution of the business flow while aligning operational tasks with organizational goals. They also monitor the functioning of human resources, marketing, operations and customer relationship management (CRM). As a result, the manager can gain direct control over chaotic processes, achieve complex organization goals efficiently and closely monitor individual activities through the workflow.

The increasing integration of BPM with the Internet of Things (IoT) is one of the key factors driving the growth of the market. IoT-enabled BPM solutions allow businesses to record and analyze large amounts of data to make efficient decisions. Furthermore, the emerging trend of automation across industries is another factor providing a boost to the market growth. Organizations are increasingly focusing on higher productivity, cost-efficiency, data security and risk management, which is resulting in the widespread adoption of BPM solutions that automate and centralize business processes. Additionally, various technological advancements, such as the introduction of modern cloud-based BPM software and solutions, are also favoring the market growth. Cloud BPM delivers the solutions through the platform-as-a-service model and enables businesses to create workflows on a server without using an in-house storage device. Other factors, including rapid urbanization, extensive research and development (R&D) activities and thriving industrial verticals, such as information technology (IT), defense, and banking, financial services, and insurance (BFSI), are projected to drive the market in the upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global business process management market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on deployment type, component, business function, organization size and vertical.

Breakup by Deployment Type:

On-Premises
Cloud

Breakup by Component:

IT Solution
Process Improvement
Automation
Content and Document Management
Integration
Monitoring and Optimization
IT Service
System Integration
Consulting
Training and Education

Breakup by Business Function:

Human Resource
Accounting and Finance
Sales and Marketing
Manufacturing
Supply Chain Management
Operation and Support
Others

Breakup by Organization Size:

SMEs
Large Enterprises

Breakup by Vertical:

Government & Defense
BFSI
IT & Telecom
Healthcare
Retail
Manufacturing
Others

Breakup by Region:

North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Adobe Systems Inc., Appian Corporation, Fabasoft AG, Hewlett-Packard, IBM Corporation, Microsoft Corporation, OpenText Corporation, Oracle Corporation, Pegasystems Inc., SAP SE, Software AG, TIBCO Software and Ultimus Inc., etc.

IMARC Group’s latest report provides a deep insight into the global business process management (BPM) market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the business process management market in any manner. Key Questions Answered in This Report:

How has the global business process management market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global business process management market?
What are the key regional markets?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the business function?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global business process management market and who are the key players?
What is the degree of competition in the market?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Business Process Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Deployment Type
6.1 On-Premises
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cloud
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 IT Solution
7.1.1 Market Trends
7.1.2 Major Types
7.1.2.1 Process Improvement
7.1.2.2 Automation
7.1.2.3 Content and Document Management
7.1.2.4 Integration
7.1.2.5 Monitoring and Optimization
7.1.3 Market Forecast
7.2 IT Service
7.2.1 Market Trends
7.2.2 Major Types
7.2.2.1 System Integration
7.2.2.2 Consulting
7.2.2.3 Training and Education
7.2.3 Market Forecast
8 Market Breakup by Business Function
8.1 Human Resource
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Accounting and Finance
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Sales and Marketing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Manufacturing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Supply Chain Management
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Operation and Support
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Organization Size
9.1 SMEs
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Large Enterprises
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Vertical
10.1 Government & Defense
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 BFSI
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 IT & Telecom
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Healthcare
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Retail
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Manufacturing
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Europe
11.2.1 Germany
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 France
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 United Kingdom
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 Italy
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Spain
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Russia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Asia Pacific
11.3.1 China
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 Japan
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 India
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 South Korea
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Australia
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Indonesia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Adobe Systems Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Appian Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Fabasoft AG
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Hewlett-Packard
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 IBM Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Microsoft Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 OpenText Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Oracle Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Pegasystems Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 SAP SE
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Software AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 TIBCO Software
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
15.3.13 Ultimus Inc.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio

Figure 1: Global: Business Process Management Market: Major Drivers and Challenges
Figure 2: Global: Business Process Management Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Business Process Management Market: Breakup by Deployment Type (in %), 2021
Figure 4: Global: Business Process Management Market: Breakup by Component (in %), 2021
Figure 5: Global: Business Process Management Market: Breakup by Business Function (in %), 2021
Figure 6: Global: Business Process Management Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Business Process Management Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Business Process Management Market: Breakup by Region (in %), 2021
Figure 9: Global: Business Process Management Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Business Process Management (On-Premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Business Process Management (On-Premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Business Process Management (Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Business Process Management (Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Business Process Management (IT Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Business Process Management (IT Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Business Process Management (IT Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Business Process Management (IT Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Business Process Management (Human Resource) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Business Process Management (Human Resource) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Business Process Management (Accounting and Finance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Business Process Management (Accounting and Finance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Business Process Management (Sales and Marketing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Business Process Management (Sales and Marketing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Business Process Management (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Business Process Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Business Process Management (Supply Chain Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Business Process Management (Supply Chain Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Business Process Management (Operation and Support) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Business Process Management (Operation and Support) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Business Process Management (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Business Process Management (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Business Process Management (SMEs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Business Process Management (SMEs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Business Process Management (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Business Process Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Business Process Management (Government & Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Business Process Management (Government & Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Business Process Management (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Business Process Management (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Business Process Management (IT & Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Business Process Management (IT & Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Business Process Management (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Business Process Management (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Business Process Management (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Business Process Management (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Business Process Management (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Business Process Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Business Process Management (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Business Process Management (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: North America: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: North America: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United States: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United States: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Canada: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Canada: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Asia Pacific: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Asia Pacific: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: China: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: China: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Japan: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Japan: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: India: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: India: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: South Korea: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: South Korea: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Australia: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Australia: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Indonesia: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Indonesia: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Latin America: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Latin America: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Brazil: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Brazil: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Mexico: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Mexico: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Others: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Others: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Middle East and Africa: Business Process Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Middle East and Africa: Business Process Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Global: Business Process Management Industry: SWOT Analysis
Figure 99: Global: Business Process Management Industry: Value Chain Analysis
Figure 100: Global: Business Process Management Industry: Porter’s Five Forces Analysis

Table 1: Global: Business Process Management Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Business Process Management Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 3: Global: Business Process Management Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Business Process Management Market Forecast: Breakup by Business Function (in Million US$), 2022-2027
Table 5: Global: Business Process Management Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 6: Global: Business Process Management Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 7: Global: Business Process Management Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Business Process Management Market: Competitive Structure
Table 9: Global: Business Process Management Market: Key Players

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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