About Business Process Management Software
Business process management software automates the whole process of managing the commodity process, optimizing the service offerings of the companies. The software manages all the operations of the company, monitors the processes. providing efficiency and productivity in business goals, it is widely used by large-size enterprises as it records the department operation according to the operational teams. It integrates the connection and service-oriented structure in the process management of the company.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
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.
IBM (United States), Appian (United States), Oracle Corporation (United States), AgilePoint, Inc. (United States), Fujitsu Limited (Japan), Pegasystems Inc. (United States), K2 Software, Inc. (United States), Bizagi (United Kingdom), TIBCO Software Inc. (United States), Red Hat, Inc. (United States), Intalio, Inc. (United States), OpenText Corporation (United States) and EPSoft Technologies are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Business Process Management Software market by Type (Business Rules Management, Process Mapping and Process Modeling & Designing), Application (Large Size Enterprises and Small-medium Size Enterprise) and Region.
On the basis of geography, the market of Business Process Management Software 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 Pricing Option, the sub-segment i.e. Monthly Subscription will boost the Business Process Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Government & Defense will boost the Business Process Management Software 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. Cloud will boost the Business Process Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Access Controls/Permissions will boost the Business Process Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Bot in Process Automation of Organisations and Rising Collaboration in the Workforce
Market Growth Drivers:
Need for the Ensured Policy Compliances in the Organisation and Demand for Productivity Through Better Processing in an Organisation with Reduced Errors
Challenges:
Technological Problem with the Business Process Management Software
Restraints:
Inconsistent Execution of Business Processes wi Hamper the Business Process Management Software Market
Opportunities:
Surging Demand for the Low Code Systems will Boost the Business Process Management Software Market
Market Leaders and their expansionary development strategies
On 7th January 2020 Appian announced the acquisition of Novayre Solutions SL, developer of the Jidoka RPA platform. Jidoka is currently the highest-rated RPA software on Gartner Peer Insights (>50 reviews). The acquisition makes Appian a one-stop-shop for Automation, with best-in-class solutions for workflow, AI, and RPA.
On 31st March 2020, EPSoft Technologies announced the launch of the EPSoft Intelligent Automation Platform, a comprehensive suite of automation tools for improving business process management. Natively developed, the Intelligent Automation Platform manages the full process lifecycle, from data process mining to implementation, through bot development and ongoing management. The cloud-native software platform also allows companies to confidently address the fundamental process-related challenges facing today’s businesses.
Key Target Audience
Business Process Management Software Developers, Business Process Managemen Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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.