Business Process Management (BPM) as a Service Market, Global Outlook and Forecast 2023-2032
Business process management or BPM is a process or group of processes that helps to optimize and improve the business performance of an organization. BPM is used to achieve consistent and targeted results as per the company's strategic goal. BPM as a service refers to the business processes integrated with cloud services such as SaaS, PaaS, and IaaS. BPM as a service provides various advantages such as improved visibility in business processes, virtual workplaces, improved performances, and helps in decision making. The BPM solution optimizes business processes through various components such as process design, process engines, rules engines, and process analytics and increases the profitability of the organization. It is also used to simulate, automate, and monitor business processes in various sectors such as Human Resource (recruitment, training, and performance management), Sales and Marketing (pre-sales and post-sales), Manufacturing (invoicing), CRM (accurate and up-to-date information), and R&D (better infrastructure and effective management of processes) of any organization.
This report aims to provide a comprehensive presentation of the global market for Business Process Management (BPM) as a Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Business Process Management (BPM) as a Service. This report contains market size and forecasts of Business Process Management (BPM) as a Service in global, including the following market information:
Global Business Process Management (BPM) as a Service Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Business Process Management (BPM) as a Service market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The BPM software helps organizations to meet the standards, rules, and regulations set by the government. As the organizations need to comply with different laws and regulations, namely, labor laws, file financial reports, regulatory compliance and others, the BPM software enables the organizations to keep track of their obligations and changing rules. Furthermore, to accelerate return on investment, the enterprises are investing in new technologies and automated workflows to achieve material savings. Small and medium Enterprises (SMEs) are recognizing the effective implementation of BPM technologies and techniques toward achieving significant efficiency savings in the medium term. BPM software permits the organizations to make changes to their business processes and implement changes without disrupting the current business process.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Business Process Management (BPM) as a Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Business Process Management (BPM) as a Service Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Business Process Management (BPM) as a Service Market Segment Percentages, by Type, 2022 (%)
Service
Others
Global Business Process Management (BPM) as a Service Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Business Process Management (BPM) as a Service Market Segment Percentages, by Application, 2022 (%)
SMES
Enterprises
Others
Global Business Process Management (BPM) as a Service Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Business Process Management (BPM) as a Service Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Business Process Management (BPM) as a Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Business Process Management (BPM) as a Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Appian
IBM
OpenText
Pegasystems
Outline of Major Chapters:
Chapter 1: Introduces the definition of Business Process Management (BPM) as a Service, market overview.
Chapter 2: Global Business Process Management (BPM) as a Service market size in revenue.
Chapter 3: Detailed analysis of Business Process Management (BPM) as a Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Business Process Management (BPM) as a Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
