Business Process Management (BPM) market is accounted for $5.51 billion in 2015 and is expected to reach $17.96 billion by 2022 growing at a CAGR of 18.4%. The factors that are fueling the market growth include increasing business dexterity, cost efficiency and return on investment from BPM suites.
The US is undeniably the world’s biggest market for BPM. Until 2010 North America accounted for more than half of the global BPM market by revenue. The top 3 BPM software vendors, Pega, IBM and Oracle, are headquartered in the United States. With a suite of products that perk up every year, IBM is the global leader in the business process management market. Organizations are starting their digital transformation, which means a shift towards using an intelligent business process management suite (iBPMS) by rethinking their business models and processes to tackle customer expectations.
Some of the Key players in global market include Oracle Corporation, Microsoft Biz Talk Server, IBM Corporation, Software AG, Fujitsu, Capgemini, Global 360, Opentext, Inc., Appian Corporation, Adobe, BP Logix, Inc., SAP.
- North America
- Rest of Europe
- Asia Pacific
By Application :
• Banking, Financial Services, and Insurance (BFSI)
• IT and Telecom
• Transportation and Logistics
Get Discount on Report: https://www.researchformarkets.com/discount/business-process-management-bpm-global-market-4492
Research for Markets indulge in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
Name: Research For Markets
Phone: +44 8000-4182-37