Sections
Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Cattle - Hogs / Livestock News
Interest Futures News
Metals Futures News
Reports: Crops, CFTC, etc
Soft Commodities News

Futures and Commodity Market News

BPM Market to Reach USD 21.41 Billion by 2026; Urgent Need to Simplify Complex Processes Will Accelerate Growth, says Fortune Business Insights(TM)

Pune, Sep 15, 2020 (GLOBE NEWSWIRE via COMTEX) --

The global business process management market is anticipated to gain traction from the emergence of cloud-based business applications. They aid in achieving better availability as per the subscriber's choice, are cost-effective, and provide more efficiency. This information is given by <b>Fortune Business Insights(TM)</b> in a recent report, titled, "<b>Business Process Management (BPM) Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment Type (On-Premise, Cloud), By Enterprise Size (Large Enterprises, SME's), By Functionality (Accounting & Finance, Sales & Marketing, Human Resource, Supply Chain Management, Operation & Support), By Industry (BFSI, IT & Telecom, Healthcare, Manufacturing, Others) and Regional Forecast, 2019-2026</b>." The report further mentions that the BPM market size stood at <b>USD 8.63 billion</b> in 2018 and is projected to reach <b>USD 21.41 billion</b> by 2026, exhibiting a CAGR of 12.1% during the forecast period.

To get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/business-process-management-bpm-market-102639

<b>

</b>

<b>This Report Answers the Following Questions:</b>

-- What are the business process management software market trends, growth drivers, and barriers?

-- How many companies are expected to generate high share in the market?

-- Which region is likely to dominate in terms of revenue during the forecast period?

-- What are the segments that this market consists of?

-- What are the major opportunities and challenges that this market may come across in the near future?

<b>An Overview of the Impact of COVID-19 on this Market:</b>

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/business-process-management-bpm-market-102639

<b>

</b>

<b>Drivers & Restraints-</b>

<b>High Utilization of AI-equipped BPM Solutions to Boost Growth</b>

In today's technology-driven world, the introduction to artificial intelligence (AI) is supporting the creation of intelligent business process management systems in several reputed organizations. It is done by integrating AI with BPM software solutions and cloud capabilities. BPM platforms are therefore, evolving persistently. Owing to this, it is further embedding numerous enriched processes, such as internet of things (IoT), business activity monitoring, cloud capabilities, message-oriented middleware, and others. In the banking sector, for instance, BPM solutions equipped with AI are used the most in order to simplify processes, namely, report generation, document generation, contract management, and sales analysis. However, lack of awareness regarding the availability of such advanced solutions may obstruct market growth.

<b>Segment-</b>

<b>Healthcare Segment to Grow Rapidly Stoked by Increasing Adoption of BPM Solutions </b>

Based on industry, the market can be categorized into manufacturing, healthcare, IT and telecom, BFSI, and others. Out of these, the healthcare segment procured 16.1% in terms of business process management market in 2018. This growth is attributable to the rising deployment of innovative business solutions in multiple healthcare organizations. These solutions are helping them in enhancing otherwise complex processes, such as extended value of core healthcare systems, improved revenue cycle management, and refined quality of service delivery. The BFSI sector would exhibit significant growth in the coming years on account of the increasing adoption of BPM tools for tasks, such as internet banking, check book updating, and mobile banking.

<b>

</b>

<b>Speak to Analyst: </b>https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/business-process-management-bpm-market-102639

<b>

</b>

<b>Regional Analysis-</b>

<b>Availability of IT-BPM Outsourcing Services to Favor Growth in Asia Pacific </b>

Geographically, the market is grouped into the Middle East and Africa, Europe, North America, Asia Pacific, and Latin America. Amongst these, North America held USD 5.22 billion BPM market revenue in the year 2018. It is set to grow exponentially throughout the forecast period backed by the availability of highly advanced technologies to smoothen operations. Asia Pacific, on the other hand, is expected to grow at a fast pace because of the presence of numerous IT-BPM outsourcing services in India. In the Middle East & Africa, reputed companies are involving in mergers and acquisitions, which, in turn, is driving growth.

<b>Competitive Landscape-</b>

<b>Key Players Aim to Strengthen Position by Launching Advanced Products </b>

The market consists of a large number of big, medium, and small organizations that are either engaging in the strategy of acquisitions or are introducing upgraded versions of their products to cater to the ever-increasing needs of their consumer bases. Below is one of the most recent industry developments:

-- <b>May 2019</b>: SS&C Technologies, Inc. declared that it successfully completed the advancement of AWD, its business process management platform. It helps in automating process, namely, adjusting claims natively, on boarding clients, and processing loans by integrating with robotic process automation (RPA) solution.

List Of Key Companies Profiled in BPM market. They are as follows:

-- Appian Corporation

-- IBM Corporation

-- Kissflow

-- Laserfiche

-- BP Logix, Inc.

-- Fujitsu Ltd.

-- Infosys Ltd.

-- SourceCode Technology Holdings, Inc.

-- Ninox

-- Nintex Platform

-- Opentext, Inc.

-- Oracle Corporation

-- Pegasystems, Inc.

-- ProcessMaker.

-- Quick Base

-- Red Hat, Inc.

-- Scoro Software

-- Software AG

-- Tibco Software

-- Ultimus, Inc.

-- SS&C Technologies, Inc.

<b>

</b>

<b>Quick Buy - </b><b>Business Process Management Market </b><b>Research Report: </b>https://www.fortunebusinessinsights.com/checkout-page/102639

<b>

</b>

<b>Detailed Table of Content</b>

-- <b>Introduction</b> <ul type="circle"><p>-- Definition, By Segment

-- Definition, By Segment

-- Research Approach

-- Sources

-- <b>Executive Summary</b>

-- <b>Market Dynamics</b> <ul type="circle"><p>-- Drivers, Restraints and Opportunities

-- Drivers, Restraints and Opportunities

-- Emerging Trends

-- <b>Key Insights</b> <ul type="circle"><p>-- Macro and Micro Economic Indicators

-- Macro and Micro Economic Indicators

-- Consolidated SWOT Analysis of Key Players

-- Porter's Five Forces Analysis

-- <b>Global Business Process Management Market Analysis, Insights and Forecast, 2015-2026</b> <ul type="circle"><p>-- <b>Key Findings / Summary</b>

-- <b>Key Findings / Summary</b>

-- <b>Market Sizing Estimations and Forecasts - By Component (Value)</b> <ul type="square"><p>-- Solution

-- Solution

-- Services

-- <b>Market Size Estimates and Forecasts - By Deployment Type (Value)</b> <ul type="square"><p>-- On-Premise

-- On-Premise

-- Cloud

-- <b>Market Size Estimates and Forecasts - By Enterprise Size (Value)</b> <ul type="square"><p>-- Large

-- Large

-- SMEs

-- <b>Market Size Estimates and Forecasts - By Functionality (Value)</b> <ul type="square"><p>-- Accounting & Finance

-- Accounting & Finance

-- Sales & Marketing

-- Human Resource

-- Supply Chain Management

-- operations & support

-- <b>Market Size Estimates and Forecasts - By Industry (Value)</b> <ul type="square"><p>-- BFSI

-- BFSI

-- IT & Telecommunication

-- Healthcare

-- Manufacturing

-- Others (Education, Retail etc.)

-- <b>Market Analysis, Insights and Forecast - By Region (Value)</b> <ul type="square"><p>-- North America

-- North America

-- Europe

-- Asia-Pacific (APAC)

-- Middle East & Africa (MEA)

-- Latin America (LATAM)

<b>

</b>

<b>TOC Continued.</b>

<b>

</b>

<b>Get your Customized Research Report: </b>https://www.fortunebusinessinsights.com/enquiry/customization/business-process-management-bpm-market-102639

<b>

</b>

<b>Have a Look at Related Research Insights:</b>

Business Analytics Market Size, Share and Global Trend By Component (Software & Services), By Enterprise Size (Small and Medium Enterprises, Large Enterprises), By Industry Vertical (Manufacturing, Healthcare, Energy and power and others) and Geography Forecast till 2025

Energy Management System Market Size, Share, and Industry Analysis By Type (System, Services), By End-User (Oil and Gas, Manufacturing, Building Automation, Energy and Utilities, Automotive, Pharmaceutical, and Others) and Regional Forecast, 2019 - 2026

Kiosk Market Size, Share and Industry Analysis By Type (Retail Kiosks, Financial Kiosks, QSR Kiosks, Tickets & Billing Kiosks, Information Kiosks, Self Service Kiosks & Others), By End-Use Industry (Retail, BFSI, Hospitality, Entertainment & Gaming, Airports & Hotels, IT/ Telecommunication & Others) and Regional Forecast, 2019 - 2026

Augmented Reality (AR) Market Size, Share & Industry Analysis, By Component (Product, Software, Maintenance & Support Services), By Device Type (Handheld Devices, Stationary AR Systems, Head-mounted Displays (HMDs), Smart Glasses, and Others), By Industry (Gaming, Media and Entertainment, Education, Healthcare and Medical Devices, Retail, Logistics, Manufacturing and Engineering, and Others) and Regional Forecast, 2019-2026

Blockchain Technology Market Size, Share and Industry Analysis by Product Type (Vertical Solutions, Blockchain-as-a-Service), Deployment, Industry Vertical (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Ent., Retail & Consumer Goods, Travel and Transportation), and Regional Forecast 2018-2025

<b>

</b>

<b>About Us:</b>

<b>Fortune Business Insights(TM)</b> offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

<b>Contact Us:

</b>Fortune Business Insights(TM) Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

<b>Phone:

</b>US: +1-424-253-0390

UK: +44-2071-939123

APAC: +91-744-740-1245

<b>Email:</b> sales@fortunebusinessinsights.com

Fortune Business Insights(TM)

LinkedIn | Twitter | Blogs

<b>Read Press Release:</b> https://www.fortunebusinessinsights.com/press-release/business-process-management-bpm-market-9777

https://ml.globenewswire.com/media/05408ba1-26b1-4fdd-8f48-1af4df373348/small/fbi-logo-tm-png.png

comtex tracking

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved. ********************************************************************** As of Friday, 09-11-2020 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.


Extreme Futures: Movers & Shakers

Hottest

Actives

Gainers

Today's Hottest Futures
Market Last Vol % Chg
Loading...

close_icon
open_icon