Business Process Management (Bpm) Market Size 2024-2028
The BPM market size is forecast to increase by USD 10.64 billion at a CAGR of 10.87% between 2023 and 2028.
- The market is experiencing significant growth due to the increasing demand for process automation and digital transformation. Companies are seeking to streamline their operations and improve efficiency by implementing BPM solutions. Another trend In the market is the emergence of mobile BPM solutions, which enable employees to manage processes from anywhere, at any time. However, data security and privacy concerns continue to be a challenge In the BPM market, as organizations must ensure that sensitive information is protected while being processed. These factors, among others, are driving the growth of the BPM market. Additionally, advancements in artificial intelligence and machine learning technologies are providing new opportunities for BPM solutions to become more intelligent and adaptive, further enhancing their value to organizations.
What will be the Size of the Business Process Management (Bpm) Market During the Forecast Period?
- The market continues to gain momentum as organizations seek to optimize their operations and enhance agility in an increasingly digital business landscape. According to industry reports, the global BPM market is projected to grow at a significant compound annual growth rate, driven by the adoption of cloud-native architecture, digital banking 2.0, and the integration of Artificial Intelligence (AI) and Low-Code App Development. The market spans various sectors, including healthcare, finance, defense, and retail, with large enterprises and SMEs driving a significant portion of the demand. The healthcare sector, in particular, is witnessing increased BPM adoption to streamline core-banking systems, IT infrastructure, and GDPR compliance.
How is this Business Process Management (Bpm) Industry segmented and which is the largest segment?
The business process management (bpm) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Deployment
- On-premises
- Cloud-based
- End-user
- BFSI
- Government and defense
- Healthcare
- IT and telecommunication
- Retail
- Geography
- North America
- US
- Europe
- Germany
- UK
- APAC
- China
- Japan
- Middle East and Africa
- South America
- North America
By Deployment Insights
The on-premises segment is estimated to witness significant growth during the forecast period. Business Process Management (BPM) solutions have become essential for enterprises to streamline their operations and improve efficiency. On-premises BPM deployment is particularly popular among large enterprises due to the control it offers over IT infrastructure, data, and security. This deployment model enables organizations to have full ownership of their business applications and processes, providing better data security and access control. On-premises BPM solutions are increasingly being adopted in various sectors, including healthcare, defense, and financial services, to enhance core-banking systems, digital banking 2.0, and customer experience. Furthermore, the integration of artificial intelligence (AI), cloud-native architecture, and low-code app development is revolutionizing the BPM market.
Notable companies like SAP Signavio, Comidor LTD, TIBCO, Micro Focus, Pegasystems, Celonis, Appian, and AGS Health are leading the innovation in this space. The BPM market is expected to grow significantly due to product innovation, GDPR compliance, and the increasing adoption of cloud-based solutions in retail banking, credit unions, manufacturing, telecom, life sciences, and SCM. The NetZero Banking Alliance and the Fintech sector are also driving the demand for advanced BPM solutions. In conclusion, the on-premises BPM market is poised for growth, driven by the need for control, security, and innovation in various industries.
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The On-premises segment was valued at USD 6.48 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Business Process Management (BPM) solutions are witnessing significant demand in North America due to the increasing adoption of cloud computing services and the presence of major companies, including IBM, Oracle, Appian, TIBCO Software, and Pega Systems. Organizations in this region are leveraging automation and data analysis to derive business insights and enhance efficiency in various industries. The telecom, manufacturing, healthcare, and retail sectors are generating vast amounts of data, necessitating the integration of BPM solutions with advanced technologies such as analytics. Additionally, cloud-native architecture and digital banking 2.0 are driving the financial sector's adoption of BPM solutions. companies like SAP Signavio, Comidor LTD, Micro Focus, and Pegasystems are offering innovative solutions, including AI, robotic process automation, blockchain, and customer experience management.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.The financial sector, including netzero banking alliances, credit unions, and fintech firms, is also embracing BPM to enhance customer experience and streamline operations. Market leaders, such as Micro Focus, Pegasystems, TIBCO, and Comidor Ltd, are leveraging advanced technologies like AI and cloud-native architecture to offer innovative BPM solutions. The EFMA and other industry bodies continue to play a pivotal role in driving market growth and shaping the future of BPM.
What are the key market drivers leading to the rise In the adoption of Business Process Management (Bpm) Industry?
- Increasing demand for process automation and digital transformation is the key driver of the market.Business Process Management (BPM) is a critical area of focus for enterprises aiming to digitalize their operations and enhance customer experiences. Automation, driven by technologies such as Artificial Intelligence (AI), Robotic Process Automation (RPA), and Cloud-native architecture, is a key enabler for streamlining complex and repetitive business processes. By eliminating manual intervention, these technologies accelerate workflows, ensure accuracy and consistency, and reduce operational costs. Enterprises in various sectors, including Healthcare, Defense, and Financial Services, are adopting BPM solutions to automate internal and external processes. In the Financial sector, the NetZero Banking Alliance and the Fintech industry are driving the demand for digital banking solutions, including Digital Banking 2 and Core-banking systems, which rely on BPM and AI for personalized customer experiences and regulatory compliance with GDPR.
- BPM solutions are also gaining traction in sectors such as Retail, Credit Unions, and Manufacturing, where process modeling and optimization are essential for improving operational efficiency and reducing time-to-market. Companies like SAP Signavio, Comidor LTD, TIBCO, Micro Focus, Pegasystems, Celonis, Appian, and others are providing innovative solutions in this space. Lowcode App Development platforms and AI-powered tools like TIBCO ModelOps, Comindware innovation lab, Pega Infinity, and AGS AI Platform are enabling businesses to innovate faster and respond to changing market demands. Additionally, emerging technologies like Blockchain and RPA are being integrated into BPM solutions to enhance security, transparency, and automation capabilities.
- In conclusion, the BPM market is expected to grow significantly during the forecast period, driven by the need for operational efficiency, regulatory compliance, and personalized customer experiences. Enterprises across various sectors are investing in BPM solutions to streamline their processes, reduce costs, and stay competitive.
What are the market trends shaping the Business Process Management (Bpm) market?
- Emergence of mobile BPM solutions is the upcoming market trend.The market is witnessing significant growth due to the increasing adoption of advanced technologies such as Artificial Intelligence (AI) and cloud-native architecture. The healthcare sector, defense, and financial sector are major contributors to this market. Large Enterprises are investing in BPM solutions to streamline processes, improve efficiency, and enhance customer experience. The process modeling segment and Lowcode App Development are gaining popularity due to their ease of use and flexibility. AI is being integrated into BPM systems to automate repetitive tasks and improve decision-making. TIBCO, Micro Focus, and Pegasystems are some of the leading players offering AI-powered BPM solutions.
- The NetZero Banking Alliance and Fintech are driving the adoption of Digital Banking 2 and Cloud-based BPM solutions In the financial sector. The Technology market is witnessing a shift towards IT infrastructure modernization, with Core-banking systems being replaced with cloud-based solutions. GDPR and EFMA are pushing organizations to focus on process innovation and compliance.
What challenges does the Business Process Management (Bpm) Industry face during its growth?
- Data security and privacy issues is a key challenge affecting the industry growth.Business Process Management (BPM) is a critical area of focus for enterprises in various sectors, including finance, healthcare, retail, and manufacturing. The integration of advanced technologies such as Artificial Intelligence (AI) and cloud-native architecture into BPM solutions is driving process innovation and improving operational efficiency. In the financial sector, the NetZero Banking Alliance and the Fintech industry are leading the adoption of Digital Banking 2 and Core-banking systems, which rely on BPM solutions for seamless operations. However, security concerns, particularly those related to data breaches and hacking, pose significant challenges to the widespread implementation of BPM solutions. In healthcare, AI and blockchain are being used to enhance patient care and streamline processes.
- Tasmanian Liberal, AGS Health, and RCM are among the organizations leveraging BPM solutions for process modeling and Robotic Process Automation (RPA). In the defense sector, companies such as SAP Signavio, Comidor LTD, and Micro Focus are providing cloud-based BPM solutions to enhance operational agility and ensure compliance with regulations.
Exclusive Customer Landscape
The business process management (bpm) market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the business process management (bpm) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, business process management (bpm) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Appian Corp. - The Appian Platform, a business process automation solution, empowers organizations to streamline and optimize their operations through advanced process automation and process mining capabilities. By leveraging this technology, businesses can improve efficiency, reduce costs, and enhance agility in managing complex workflows.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Appian Corp.
- Bizagi Group Ltd.
- BONITASOFT SA
- Compulink Management Center Inc.
- CREATIO EMEA Ltd.
- DXC Technology Co.
- FlowForma
- Genpact Ltd.
- International Business Machines Corp.
- Kissflow Inc.
- Microsoft Corp.
- Newgen Software Technologies Ltd.
- Nintex Global Ltd.
- Open Text Corporation
- Oracle Corp.
- Pegasystems Inc.
- Salesforce Inc.
- Software AG
- Thoma Bravo LP
- Vista Equity Partners Management LLC
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
The market: A Comprehensive Overview the market is a dynamic and evolving landscape, driven by the increasing demand for digital transformation and automation across various industries. BPM solutions enable organizations to streamline their operations, improve efficiency, and enhance customer experience. In this context, this content aims to provide an insightful analysis of the BPM market, focusing on market dynamics, key trends, and growth drivers. BPM solutions are increasingly being adopted across industries, with the healthcare sector being a notable adopter. The healthcare industry's complex workflows and stringent regulatory requirements necessitate the need for efficient process management systems. Artificial Intelligence (AI) and Cloud-native architecture are two key technologies driving the adoption of BPM in healthcare.
The Large Enterprise Segment is a significant contributor to the BPM market's growth. Large enterprises, with their intricate business processes and vast operations, stand to benefit significantly from the implementation of BPM solutions. These solutions enable large enterprises to optimize their processes, reduce operational costs, and improve overall efficiency. The Process Modeling Segment is another key area of focus In the BPM market. Process modeling enables organizations to visualize and analyze their business processes, identify inefficiencies, and design optimized workflows. This segment is expected to witness significant growth due to the increasing demand for process optimization and digital transformation.
The Defense Segment is another industry that is adopting BPM solutions at an accelerating pace. The need for streamlined operations, enhanced security, and regulatory compliance is driving the adoption of BPM solutions In the defense sector. The Financial Sector is another major contributor to the BPM market's growth. The sector's increasing focus on digital transformation and regulatory compliance is leading to the adoption of BPM solutions. Cloud-based BPM solutions are gaining popularity In the financial sector due to their scalability, flexibility, and cost-effectiveness. The Technology Market is witnessing a significant shift towards low-code app development and AI-driven BPM solutions.
These solutions enable organizations to build custom applications quickly and efficiently, while also providing intelligent automation capabilities. The Retail Banking and Credit Union segments are also adopting BPM solutions to improve customer experience and operational efficiency. GDPR and other regulatory requirements are driving the adoption of BPM solutions In the financial sector to ensure compliance. The Manufacturing and Telecom industries are also adopting BPM solutions to optimize their operations and improve efficiency. The Life Sciences industry is another significant adopter of BPM solutions due to the sector's complex workflows and regulatory requirements. The HRM, SCM, IT, and RCM segments are also adopting BPM solutions to streamline their operations and improve efficiency.
The AGS Health, AGS AI Platform, Jutro Digital Platform, and Guidewire Partner Connect are some of the notable BPM solutions being used In these segments. The BPM market is witnessing significant innovation, with companies like SAP Signavio, Comindware Innovation Lab, Tibco, Micro Focus, Pegasystems, Celonis, Appian, and others leading the way. Robotic Process Automation (RPA) and Blockchain are two emerging technologies that are gaining traction In the BPM market. In conclusion, the BPM market is a dynamic and evolving landscape, driven by the increasing demand for digital transformation and automation across various industries. The market is witnessing significant growth due to the adoption of AI, cloud-native architecture, and other emerging technologies.
The large enterprise segment, healthcare sector, and financial sector are significant contributors to the market's growth, with retail banking, manufacturing, telecom, life sciences, HRM, SCM, IT, and RCM segments also adopting BPM solutions to optimize their operations and improve efficiency. The market is witnessing significant innovation, with companies leading the way in developing advanced BPM solutions to meet the evolving needs of organizations.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.87% |
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Market growth 2024-2028 |
USD 10643.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.53 |
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Key countries |
US, Japan, Germany, UK, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Business Process Management (Bpm) Market Research and Growth Report?
- CAGR of the Business Process Management (Bpm) industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the business process management (bpm) market growth of industry companies
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