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Business Process Management Market 2021-26: Growth and Forecast

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    According to the latest report by IMARC Group, the global business process management market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 7% during the forecast period (2021-2026).

    Business process management (BPM) is an activity or set of activities that assist in improving different processes of an organization by analyzing, modeling how they work in different scenarios, executing improvements, monitoring improved processes and continually optimizing them. The objective of companies engaged in BPM is to continually strive and create a more efficient organization, which is more capable of delivering their end products or services. Besides this, it helps organizations in obeying rules and regulations, such as labor laws and other regulatory compliances, that are fixed by the government.

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    The integration of BPM programs with the Internet of Thing (IoT) systems, in confluence with the rising trend of automation, represents one of the major factors propelling the global business process management market growth. These solutions aid firms in recording and analyzing significant amounts of data for efficient decision-making. Furthermore, organizations nowadays are focusing on improving their productivity, cost-efficiency, data security and risk management, which is expected to boost the overall sales of BPM solutions across the globe.

    Browse full report: https://www.imarcgroup.com/business-process-management-market

    Insights on Market Segmentation:

    Breakup by Deployment Type

    • On-Premises
    • Cloud

    Breakup by Application

    • IT Solution
    • IT Service

    Breakup by Business Function

    • Human Resource
    • Accounting and Finance
    • Sales and Marketing
    • Manufacturing
    • Supply Chain Management
    • Operation and Support
    • Others

    Breakup by Organization Size

    • SMEs
    • Large Enterprises

    Breakup by Vertical

    • Government & Defense
    • BFSI
    • IT & Telecom
    • Healthcare
    • Retail
    • Manufacturing
    • Others

    Breakup by Region

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

    Competitive Landscape:

    • Adobe Inc (ADBE:NASDAQ GS)
    • Appian Corporation (APPN)
    • Hewlett Packard Enterprise Comp (HPE)
    • International Business Machines Corp (IBM)
    • Microsoft Corporation (MSFT)
    • OpenText Corporation
    • Oracle Corporation
    • Pegasystems Inc.
    • Red Hat Software
    • SAP SE
    • Software AG
    • TIBCO Software
    • Ultimus Inc.

    As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

    If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

    About Us

    IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

    IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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