Global Intelligent Business Process Management Suites (iBPMS) Market Overview:
Intelligent business process management suites are a single tool that enables you to easily leverage the analytics and intelligence of BPM by leveraging the cloud, Internet of Things (IoT) integration, message-oriented middleware, business activity monitoring, artificial intelligence (AI), and other technologies.
As per latest study released by AMA Research, the Global Intelligent Business Process Management Suites (iBPMS) market is expected to see growth rate of 12.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Expansion of analytics capabilities
Market Growth Drivers:
Enhanced support for human collaboration such as integration with social media, mobile-enabled process tasks, streaming analytics, and real-time decision management
Challenges:
Rise in cyber-attacks
Restraints:
Threats and cybercrimes
Opportunities:
Growing demand for smartphones and other mobile devices
Competitive Landscape:
The companies operating in this industry are heavily focusing on enhancing their market presence by product development, investing in research and development activities. And also adopting strategic activities like partnerships, mergers, and acquisitions will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Kissflow Inc. (India), TIMBO Software (United States), Software AG (Germany), IBM (United States) and Genpact (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Intelligent Business Process Management Suites (iBPMS) market by 2030.
Considering Market by , the sub-segment i.e. will boost the Intelligent Business Process Management Suites (iBPMS) market.Latest Market Insights:
August 2020 - Signavio launched a specific Business transformation suite toward the insurance industry with a focus on eliminating repetitive work, reducing human error, and detecting non-compliant behavior. This is further expected to optimize existing processes in preparation for RPA implementation at scale.
April 15, 2021: Software AG delivered new innovations of its webMethods platform for APIs, integration, and micro-services.
What Can be Explored with the Intelligent Business Process Management Suites (iBPMS) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Intelligent Business Process Management Suites (iBPMS) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Intelligent Business Process Management Suites (iBPMS)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Intelligent Business Process Management Suites (iBPMS) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Intelligent Business Process Management Suites (iBPMS) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Research & Development, Manufacturing Companies and Consumers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.