Global Business Process Management Market is valued approximately USD 8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.5 % over the forecast period 2020-2026. Business process Management (BPM) is operation Management that improves corporate performance by maintaining, managing and optimizing organizations business processes. Business process management offers wide range of activities including design, automation, modeling, control, execution, measurement, process optimization, and others to support company’s goals. BPM is used in various end use industries such as Banking, Financial services and Insurance, IT, Telecommunication, Healthcare and Life Science etc. The optimized resource utilization through automated business processes, automated systems helps to serve customers’ dynamic requirement and streamlined communication across varied business functions in the organization are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising strategic alliances such as merger, acquisitions and product launch by market key player will create lucrative opportunities for the market. For instance, as per company’s news release in February 2020, Pegasystems launched Pega Express, a new code software development methodology integrated. Pega Epress is the combination of industry-leading case management, Business Process Management (BPM), robotic process automation, AI, mobile, and omnichannel User Experience (UX) on a unified platform. However, persistent growth in cyberattacks and security issues is the major factor restraining the growth of global Business Process Management market during the forecast period.

The regional analysis of global Business Process Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:
Pegasystems Inc.
Appian Corporation
IBM Corporation
Oracle Corporation
Software AG
OpenText Corporation
Newgen Software Corporation
TIBCO Software Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

By Deployment:

By Organization Size:
Small and Medium-Sized Enterprises
Large Enterprises

By Industry:
Banking, Financial Services, and Insurance
Information Technology
Retail and Consumer Goods
Healthcare and Life Sciences
Other Industries

By Business Function:
Human Resource Management
Procurement and Supply Chain Management
Sales and Marketing
Accounting and Finance
Customer Service Support

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Business Process Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers