DUBLIN, October 21, 2021--(BUSINESS WIRE)--The "Global Business Process Management Market (2021-2026) by Component, Function, Deployment, Organization Size, Industry Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Business Process Management Market is estimated to be USD 9.2 Bn in 2021 and is expected to reach USD 13.12 Bn by 2026, growing at a CAGR of 7.3%.
Key factors such as growing organization responsiveness for improving the business processes to increase overall business efficiencies and higher profits have led to a need for a Business Process Management (BPM) Solution. Also, other factors such as the need for real-time management of the business operations and adherence to the dynamic regulations and policies have further contributed to the growth of the BPM market.
With a rise in cloud-based deployment, there is a higher susceptibility to data theft with cybersecurity attacks. This is one of the prime restraining factors to the growth of the market. Reluctance to adopt BPM solution by middle management of an organization and lack of clarity about BPM solutions' benefits among end-users compels the market growth.
The global business process management market is segmented further based on Component, Function, Deployment, Organization Size, Industry Vertical, and Geography.
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Business Process Management Market.
The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.
A complete analysis of the market including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Growing Demand for Automation of Business Processes
Real-Time Management of Business Processes
Streamlined Communication across Varied Business Functions in The Organization
Adherence to Stringent Government Regulations and Policies
Security Concerns owing to The Cloud Technology Adoption
Increased Adoption and Dependency on Cloud Technology
Integration of AI And Ml Technologies
Advances in Cloud Computing and Big Data Increasing The Demand for Software-As-A-Service (Saas) Offerings
Barriers in Adopting Advanced Solutions over Traditional Systems
Lack of Clarity about The Benefits of BPM Solutions
Cognizant Technology Solutions Corp.
Red Hat, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/c71add
View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005606/en/
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