Business Process Application (BPA) Market Size (by Technology, Geography, Sector and Size Band), Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast, 2021-2026

Business Process Application (BPA) Market Size (by Technology, Geography, Sector and Size Band), Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast, 2021-2026

Summary

The global BPA market research report provides an executive-level overview of the current BPA market worldwide, with detailed forecasts of key indicators up to 2026. Published annually, the global BPA market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key BPA market trends as well as the technological developments that are shaping the BPA landscape.

The global outlook report provides information and insights into global BPA market -

• The primary finding from GlobalData's view of revenue opportunities in the global BPA market through to 2026, highlighting the market size and growth by product/service, by region, by vertical and by size band.
• The latest trends impacting the global BPA market.
• The market drivers that will facilitate the growth of global BPA market.
• The market challenges/inhibitors that may hinder the pervasive adoption of BPA.
• The overview of top ICT vendors in the global BPA market.

Scope

• The global BPA market revenue is expected to increase at a CAGR of 4.3% over 2021-2026, due to the need among enterprises to streamline and integrate their systems and business processes that run all phases of their operations, ensuring efficient flow of information in real-time and coordination of work across their organization, which is driving the adoption of enterprise applications.
• According to GlobalData, the global BPA market would see majority share of its revenue come from the vertical-specific and packaged applications over the forecast period. Revenue from vertical-specific and packaged applications reached $110.7 billion in 2021 and is set to grow up to $117.8 billion in 2026 at a CAGR of 1.5%.
• ERP applications is the second most attractive BPA product/service category in terms of overall revenue opportunity in 2021 ($28.9 billion), its projected to grow up to $41.4 billion by 2026.
• BFSI and manufacturing are the leading end-use vertical segment for the BPA, in terms of revenue contribution, and will remain so over the forecast period.
• North America is the leading regional market with revenue estimated at $71.3 billion for 2021 and set to grow up to $90 billion by 2026 at a CAGR of 4.8%.

Reasons to Buy

This Global Outlook Report provides a comprehensive assessment of the global BPA market. It helps the reader to understand the BPA market landscape, the recent trends, drivers, and challenges/inhibitors shaping the enterprise BPA market.

• The report is exhaustive and up-to-date providing market opportunity forecasts in the BPA market from 2021 to 2026, spanning technology segment (software), six regions, 22 verticals, and two size bands.
• The report provides an assessment of global BPA vendors.
• The report also discusses the opportunities and recommendations for vendors.