What Has Been the Growth of the Business Process Management Market So Far?
The business process management market has seen considerable growth due to a variety of factors.
• The business process management market has grown rapidly, with the market expected to rise from $18.67 billion in 2024 to $22.09 billion in 2025 at a CAGR of 18.3%.
This growth is driven by the need for process efficiency, data and analytical needs, risk management imperatives, demands for organizational agility, and the need for regulatory compliance.
How Will the Business Process Management Market?
The business process management market is expected to maintain its strong growth trajectory in upcoming years.
• The business process management market is expected to reach $42.76 billion by 2029, at a CAGR of 18.0%.
This growth is driven by demand for process automation, operational excellence, and industry-specific solutions. Trends include cloud-based BPM solutions, robotic process automation, compliance management, customer-centric design, and low-code platforms.
Which Factors Are Boosting Growth In The Business Process Management Market?
The increasing demand for automation is expected to accelerate the growth of the business process management (BPM) market. Automation involves minimizing human intervention in various processes, increasing efficiency, scalability, and reducing errors. In BPM, automation optimizes business processes, enhancing productivity and operational effectiveness. A survey by Camunda in January 2022 revealed that 82% of IT professionals prioritized process automation more than the previous year, underlining its growing importance and propelling the BPM market.
What Key Areas Define The Segmentation Of The Global Business Process Management Market?
The business process management market covered in this report is segmented –
1) By Solution: Automation, Process Modeling, Content And Document Management, Monitoring And Optimization, Integration, Other Solutions
2) By Deployment: Cloud-Based, On-Premise
3) By Business Function: Human Resource Management (HRM), Procurement And Supply Chain Management (SCM), Sales And Marketing, Accounting And Finance, Customer Service Support, Other Business Functions
4) By Application: BFSI (Banking, Financial Services and Insurance), IT, Retail, Manufacturing, Healthcare, Government And Defense, Other Applications
5) By End-user: Small And Medium-sized Enterprises (SMEs), Large Enterprise
Subsegments:
1) By Automation: Robotic Process Automation (Rpa), Intelligent Process Automation (Ipa), Workflow Automation
2) By Process Modeling: Business Process Modeling Notation (Bpmn), Process Mapping Tools, Process Simulation Tools
3) By Content And Document Management: Document Management Systems (Dms), Enterprise Content Management (Ecm), Digital Asset Management (Dam)
4) By Monitoring And Optimization: Real-time Monitoring, Process Analytics, Performance Management, Predictive Analytics
5) By Integration: Application Integration, Data Integration, Cloud Integration, Api Management
6) By Other Solutions: Case Management, Decision Management, Collaboration Tools, Customer Relationship Management (Crm) Integration
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How Are New Trends Impacting The Size Of The Business Process Management Market?
Companies in the business process management market are forming strategic partnerships to enhance automation, ERP implementation, and digital transformation. In June 2023, Avec, an Australian IT project delivery company, partnered with PRIME BPM to integrate its business process management solutions, improving the quality and outcomes of their projects across various sectors.
Who Are the Key Players In The Business Process Management Market?
Major companies operating in the business process management market are:
• Microsoft Corporation
• International Business Machines Corporation (IBM)
• Oracle Corporation
• SAP SE
• Salesforce.com Inc.
• Red Hat Inc.
• Genpact Ltd.
• Pegasystems Inc.
• WNS Global Services
• Software AG
• TIBCO Software Inc.
• Bizagi Group
• Newgen Software Inc.
• Appian Corporation
• Kofax Corporation
• Nintex Global Ltd.
• Laserfiche Corporation
• Camunda
• ProcessMaker Inc.
• Ultimus
• Auraportal Corp.
• Bonitasoft
• BP Logix Inc.
• FlowForma
• WorkflowGen
What Is The Most Dominant Region In The Business Process Management Market?
North America was the largest region in the business process management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business process management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
