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Business Process Management Market 2021-26: Industry Size, Share, Trends, Demand

the global business process management (BPM) market is expected to grow at a CAGR of around 7% during the forecast period (2021-2026).

SHERIDAN, WYOMING, UNITED STATE, October 11, 2021 / -- According to the latest report by IMARC Group, the global business process management (BPM) market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 7% during the forecast period (2021-2026).

Business process management (BPM) is an activity or set of activities that assist in improving different processes of an organization by analyzing, modeling how they work in different scenarios, executing improvements, monitoring improved processes and continually optimizing them. The objective of companies engaged in BPM is to continually strive and create a more efficient organization, which is more capable of delivering their end products or services. Besides this, it helps organizations in obeying rules and regulations, such as labor laws and other regulatory compliances, that are fixed by the government.

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The integration of BPM programs with the Internet of Thing (IoT) systems, in confluence with the rising trend of automation, represents one of the major factors propelling the global business process management market growth. These solutions aid firms in recording and analyzing significant amounts of data for efficient decision making. Furthermore, organizations nowadays are focusing on improving their productivity, cost-efficiency, data security and risk management, which is expected to boost the overall sales of BPM solutions across the globe.

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Insights on Market Segmentation:

Breakup by Deployment Type

Breakup by Application

IT Solution
IT Service

Breakup by Business Function

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

Breakup by Organization Size

Large Enterprises

Breakup by Vertical

Government & Defense
IT & Telecom

Breakup by Region

North America
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape:

Appian Corporation (APPN)
Hewlett Packard Enterprise Comp (HPE)
International Business Machines Corp (IBM)
Microsoft Corporation (MSFT)
OpenText Corporation
Oracle Corporation
Pegasystems Inc.
Red Hat Software
Software AG
TIBCO Software
Ultimus Inc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
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