Business Process Management (BPM) Market Analysis by Key Players: Oracle, IBM and Pega and Forecast 2023

The study assesses the dynamics and movement of the global Business Process Management (BPM) Market across various geographies. While studying the BPM market, we have observed that many product launches are taking place hence providing competitive edge. We also observed that companies are heavily investing for Business Process Management (BPM) Solutions in order to meet the increasing demand. Use of BPA in trade facilitation projects is also observed during the study.

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The Business Process Management market is growing in response to the integration of the business units siloes. As per NASSCOM, the Business Process Management (BPM) sector in India created direct employment for about 1.2 million people, an increase of over 100,000 jobs when compared to the fiscal year 2016. The IT industry, including the BPM sector, had created about 170,000 jobs in the last fiscal year.

Major Players in this rports are Oracle, IBM and Pega.

IT Solution Overview, 2012-2023 (USD Million)

· Process Improvement

· Automation

· Content and Document Management

· Integration

· Monitoring and Optimization

IT Service Overview, 2012-2023 (USD Million)

· System Integration

· Consulting

· Training and Education

Business Function/ Department Overview, 2012-2023 (USD Million)

· Human Resource

· Accounting and Finance

· Sales and Marketing

· Supply Chain Management

· Operation and Support

Organization Size Overview, 2012-2023 (USD Million)

· SMEs

· Enterprises

Business process management is basically task management such as handling as well as organizing set of activities in a project. These processes involve the use of different software such as accounting, HR and CRM. These are set of events and tasks that must be performed for any business to run. Business process management (BPM) is an organized approach used to improve efficiency, discover, examine, and assist in workflow of any business. BPM automates manual process as well as track process end to end. Its prime objective is to reduce the human inaccuracy and miscommunication while maintaining and optimizing an organization’s equipment and core operations.

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Industry Vertical Overview, 2012-2023 (USD Million)

· Government & Defense

o Cloud

o On-Premise

· BFSI

o Cloud

o On-Premise

· IT & Telecom

o Cloud

o On-Premise

· Healthcare

o Cloud

o On-Premise

· Retail

o Cloud

o On-Premise

· Manufacturing

o Cloud

o On-Premise

Business Process Management (BPM) are a sequence of value added activities collaborated deliberately to attain a common goal. Business process is vital for organizations as it helps in generation of revenue. BPM is also used for service-oriented architecture (SOA) process management, integration and connection. Business process administration is projected to witness significant development in the coming years attributable to the development which will occur owing to need for enhanced effectiveness and process mechanization. Additionally, emergence to follow stringent administrative controls and laws as well as improvement in return on investment for organizations.

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USA is one of the most mature markets for the business process management services and accounted for more than half of the global market revenue. In addition, USA marks the presence of world’s largest vendors of business process management viz. Oracle, IBM and Pega. As per HCL Technologies, Business Process Management (BPM) technology assists organizations for enabling business agility through process optimization and automation. Business Processes are technology enabled through a process of continuous innovation as technology, especially IT enabled technology is continually varying and keeps developing with time.

Table of Content (TOC):

Chapter 1 Introduction and Overview

Chapter 2 Industry Cost Structure and Economic Impact

Chapter 3 Rising Trends and New Technologies with key players

Chapter 4 Global Business Process Management (BPM) Market Analysis, Trends, Growth

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Chapter 5 Business Process Management (BPM) Market Application and Business with Potential Analysis

Chapter 6 Global Business Process Management (BPM) Market Segment, Type, Manufacturers

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Chapter 7 Global Mobile Phones Segment Market Analysis (by Application)

Chapter 8 Major Key Vendors Analysis of Business Process Management (BPM) Market

Chapter 9 Development Trend of Analysis

Chapter 10 Conclusion

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