Global Business Process Management (BPM) Market Growth (Status and Outlook) 2023-2029

Global Business Process Management (BPM) Market Growth (Status and Outlook) 2023-2029

Business process management (BPM) is a discipline in operations management that uses various methods to discover, model, analyze, measure, improve, optimize, and automate business processes. BPM focuses on improving corporate performance by managing business processes. Any combination of methods used to manage a company's business processes is BPM. Processes can be structured and repeatable or unstructured and variable. Though not required, enabling technologies are often used with BPM

LPI (LP Information)' newest research report, the “Business Process Management (BPM) Industry Forecast” looks at past sales and reviews total world Business Process Management (BPM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Business Process Management (BPM) sales for 2023 through 2029. With Business Process Management (BPM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Business Process Management (BPM) industry.

This Insight Report provides a comprehensive analysis of the global Business Process Management (BPM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Business Process Management (BPM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Business Process Management (BPM) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Business Process Management (BPM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Business Process Management (BPM).

The global Business Process Management (BPM) market size is projected to grow from US$ 3411.6 million in 2022 to US$ 4682.3 million in 2029; it is expected to grow at a CAGR of 4.6% from 2023 to 2029.

North America would dominate the BPM market from 2018 to 2023, due to the presence of large number of solution and service vendors headquartered in the U.S. APAC offers potential growth opportunities, as there is a rise in smartphone penetration and larger infrastructure investments by cloud service providers that are turning towards BPM solutions to efficiently manage their expanding operations.

This report presents a comprehensive overview, market shares, and growth opportunities of Business Process Management (BPM) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Process Improvement
Automation
Content and Document Management
Integration
Monitoring and Optimization

Segmentation by application
Government & Defense
BFSI
IT & Telecom
Healthcare
Retail
Manufacturing
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Appian
Software AG
Oracle
Pegasystems
Red Hat
Opentext
Tibco Software
K2
BP Logix

Please note: The report will take approximately 2 business days to prepare and deliver.