Business Process Management as a Service Market

Business Process Management as a Service Market is projected to grow at 6.2% during the forecast period and expected to reach USD 3,100 million in 2019.

Business process management is a methodology, which allows to manage workflows and processes in an organization. The aim of business process management is to escalate the performance, efficiency, and agility in the routine operations of a business. Business process management as a service has been widely adopted by several organizations to be competitive in the current marketplace. These solutions are software tools that are developed to carry out important operations, such as evaluating, modeling, enhancing, and executing business processes to ensure optimum productivity, and efficiency.

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Business Process Management as a Service Market Key Drivers

The growing demand for process automation owing to the increasing focus of various enterprises towards digitalization of business processes is playing a significant role in driving the growth of the global business process management as a service market. Most of the organizations are focussing to eliminate human intervention, thus raising the automation in business processes to increase accuracy. The high adoption of business process management solutions & services by various industries, including BFSI, retail, and manufacturing, to increase the efficiency and ensure flexibility of complex business processes is providing a substantial rise in the growth of the global business process management as a service market.

Business process management solutions are being combined with machine learning and artificial intelligence to improve process automation and boost the effectiveness of BPM solutions & services. This integration will lead to the formation of intelligent business process management (iBPM). iBPM solutions offer additional benefits, which include event processing, real-time decision-making, cloud computing, and systems interlinking. It provides enterprises with ERP systems instead of coding the business process requirements into the systems. These features are significantly contributing to the growth of the global business process management as a service market.

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Based on the deployment, the market is segmented into on-premises and cloud-based. The cloud-based segment is projected to grow at a higher CAGR during the forecast period. The increasing adoption of cloud-based BPM solutions owing to the wide range of benefits offered by cloud-based solutions is one of the major factor that is responsible for the growth of the segment. These solutions offer swiftness of on-demand resource consumption and deployment, which is why most of the organizations are preferring cloud-based solutions & services. These factors play a crucial role in surging the growth of the cloud-based segment in the global business process management as a service market.

Based on the end-user, the market is segmented into BFSI, manufacturing, retail, and others. The BFSI segment is expected to grow at a higher CAGR over the forecast period. Nowadays, the BFSI industry is facing several challenges in their business process, such as imposed regulations. In order to overcome these challenges, the BFSI industry focuses on the implementation of business process management solutions and services to ensure superior efficiency in operations and enhanced compliance management. These factors are responsible for significantly propelling the growth of the BFSI segment in the global business process management as a service market.

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Regional – Segment Analysis

Based on the region, North America region is anticipated to grow at a faster CAGR over the forecast period. The adoption of cloud computing services by various enterprises is increasing in this region attributed to the presence of leading vendors in business process management solutions & services, which includes IBM, Oracle, Pegasystems, TIBCO Software, among others. Moreover, BPM software allows an organization to modify its business operations and processes in response to changing market trends and challenges. These factors are likely to bolster the growth of the business process management as a service market in North America.

Top Market Players

Various notable players operating in the market include Appian, BPMONLINE Ltd., Open Text Corporation, IBM, SAP, BP Logix, Inc., Oracle, Software AG, Pegasystems Inc., and TIBCO Software Inc., among others. 

Key Developments:

• • In 2020, Appian launched a new version of its Low-Code Automation Platform. The new version allows the simplified automation of business processes and enables the empowerment of the global workforce. This BPM software enables both experienced and citizen developers to build case-centric and process-centric applications with the ability to enhance business processes.
  • In 2018, BP Logix, Inc. launched Process Director 5.0, an AI-enabled business process management solution. It is a low-code or no-code development platform that enables the empowering of business users to easily deploy, improve, and develop critical digital applications.
  • In 2017, Oracle launched the “Oracle Business Process Management Suite 11g”, which supports all types of processes with a user-centric structure, social BPM capabilities, and a unified process foundation. It consists of a native implementation of BPMN 2.0.

Segments covered in the Report:

The global business process management as a service market has been segmented on the basis of deployment, end-user, and regions. Based on deployment, the market is segmented into on-premises and cloud-based. Based on end-user, the market is segmented into BFSI, manufacturing, retail, and others. Based on region, the global business process management as a service market is segmented into North America, Europe, Asia-Pacific, and roW. 

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Key questions answered in this research report:

• • At what pace is global business process management as a service market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in business process management as a service market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global business process management as a service market?
  • Which deployment generated maximum revenues in 2019 and identify the most promising deployment during the forecast period?
  • What are the various end-user areas of global business process management as a service market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Business Process Management as a Service Market by Deployment

• • On-Premises
  • Cloud-Based

Global Business Process Management as a Service Market by End-User

• • BFSI
  • Manufacturing
  • Retail
  • Others

Global Business Process Management as a Service Market by Region

• • North America Business Process Management as a Service Market (Option 1: As a part of the free 25% customization)

    • North America Business Process Management as a Service Market by Deployment
    • North America Business Process Management as a Service Market by End-User
    • US Business Process Management as a Service Market All-Up
    • Canada Business Process Management as a Service Market All-Up

  • Europe Business Process Management as a Service Market (Option 2: As a part of the free 25% customization)

    • Europe Business Process Management as a Service Market by Deployment
    • Europe Business Process Management as a Service Market by End-User
    • UK Business Process Management as a Service Market All-Up
    • Germany Business Process Management as a Service Market All-Up
    • France Business Process Management as a Service Market All-Up
    • Spain Business Process Management as a Service Market All-Up
    • Rest of Europe Business Process Management as a Service Market All-Up

  • Asia-Pacific Business Process Management as a Service Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Business Process Management as a Service Market by Deployment
    • Asia-Pacific Business Process Management as a Service Market by End-User
    • China Business Process Management as a Service Market All-Up
    • India Business Process Management as a Service Market All-Up
    • Japan Business Process Management as a Service Market All-Up
    • Rest of APAC Business Process Management as a Service Market All-Up

  • RoW Business Process Management as a Service Market (Option 4: As a part of the free 25% customization)

    • RoW Business Process Management as a Service Market by Deployment
    • RoW Business Process Management as a Service Market by End-User
    • Brazil Business Process Management as a Service Market All-Up
    • South Africa Business Process Management as a Service Market All-Up
    • Saudi Arabia Business Process Management as a Service Market All-Up
    • UAE Business Process Management as a Service Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Business Process Management as a Service Market All-Up

Major Players Operating the Business Process Management as a Service (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Appian
  • BPMONLINE Ltd.
  • Open Text Corporation
  • IBM
  • SAP
  • BP Logix, Inc.
  • Oracle
  • Software AG
  • Pegasystems Inc.
  • TIBCO Software Inc.