About Business Process Management Platforms
Business Process Management Platforms is software is an enterprise-level software solution to automate repetitive tasks, manage fundamental processing, and handle process logic. BPM help to optimize and accelerate processes, increasing efficiency. Geographically, North America is the leading region for higher adoption of business process management platforms.The demand for the platform is huge that is triggering the market growth over the forecast period
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the manufacturing industry. It has a wide application for Business activity monitoring and dashboards. Several companies such as IBM, Genpact, Infosys are operating in the market to provide customers with the better offer with various features & unique offering. The market is a partially fragmented market with the presence of several market players and local players. the demand in the market is huge that is triggering the market growth over the forecast period Analyst at AMA Research estimates that (United States) Players will contribute the maximum growth to Global Business Process Management Platforms market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Agiloft (United States), Appian (United States), Arrayworks (United States), AuraQuantic (United States), Ricoh (Japan), in10stech (India), AXON Ivy (Switzerland), Bizagi (United States), Infosys (India), Deloitte (United Kingdom) and ELMA365 (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Genpact (United States), Kissflow (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Business Process Management Platforms market by and Region.
On the basis of geography, the market of Business Process Management Platforms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Large Enterprise’ will boost the Business Process Management Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution , the sub-segment i.e. Account management will boost the Business Process Management Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry vertical, the sub-segment i.e. BFSI will boost the Business Process Management Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On Cloud will boost the Business Process Management Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for advanced technology such as automation
Market Growth Drivers:
Growing demand towards improving business productivity by automating work operations is driving market for the business process management platform market
Challenges:
Onboarding employees in a new IT, System is a major challenge in business process management Platform
Restraints:
Large amount installation cost and maintenance
Opportunities:
Business process management Platform has wide application in various industry vertical
Market Leaders and their expansionary development strategies
On January 2021, SAP has acquire Signavio
On November 2020, Infosys announced the launch of its Live Application Management platform in order to help organizations effectively run IT operations. The main aim for development is to drive intuitive decisions, build responsive value chains as well as deliver perceptive business experiences.
Key Target Audience
Developer, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.