(Entertainment-NewsWire.com, April 01, 2017 ) According to Publisher, the Global Business Process Management (BPM) market is accounted for $5.51 billion in 2015 and is expected to reach $17.96 billion by 2022 growing at a CAGR of 18.4%. The factors that are fueling the market growth include increasing business dexterity, cost efficiency and return on investment from BPM suites. Whereas factors such as impedance to BPM solutions from IT staff, delusion about BPM solutions among end-users and perception of BPM as an IT matter are hindering the market growth.
North America is estimated to be the largest market, followed by Europe and Asia Pacific. The US is undeniably the world's biggest market for BPM. Until 2010 North America accounted for more than half of the global BPM market by revenue. The top 3 BPM software vendors, Pega, IBM and Oracle, are headquartered in the United States. With a suite of products that perk up every year, IBM is the global leader in the business process management market. Organizations are starting their digital transformation, which means a shift towards using an intelligent business process management suite (iBPMS) by rethinking their business models and processes to tackle customer expectations.
Some of the key players in global market include Oracle Corporation, Microsoft Biz Talk Server, IBM Corporation, Software AG, Fujitsu, Capgemini, Global 360, Opentext, Inc., Appian Corporation, Adobe, BP Logix, Inc., SAP, Pegasystems, Inc., Fabasoft, Hewlett Packard, Red Hat, Inc. and Tibco Software.
Organization Size Covered: - Small and Medium Enterprises (SMES) - Large Enterprise
Deployment Types Covered: - Cloud - On-Premises
Solutions Covered: - Automation - Content and Document Management - Integration - Monitoring and Optimization - Process Modelling - Other Solutions
Services Covered: - System Integration - Training and Education
Business Functions Covered: - Accounting and Finance - Human Resources - Manufacturing - Operations and Support - Sales and Marketing - Supply Chain Management - Other Business Functions
Verticals Covered: - Defense and Government - Banking, Financial Services, and Insurance (BFSI) - IT and Telecom - Healthcare - Retail - Manufacturing - Transportation and Logistics - Automotive - Other Verticals
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
13 Company Profiling 13.1 Oracle Corporation 13.2 Microsoft Biz Talk Server 13.3 IBM Corporation 13.4 Software AG 13.5 Fujitsu 13.6 Capgemini 13.7 Global 360 13.8 Opentext, Inc. 13.9 Appian Corporation 13.10 Adobe 13.11 BP Logix, Inc. 13.12 SAP 13.13 Pegasystems, Inc. 13.14 Fabasoft 13.15 Hewlett Packard 13.16 Red Hat, Inc. 13.17 Tibco Software
