Business Process Management Market by Solution, by Service, by Deployment Type, by Organization Size, by Business Function, by Industry Vertical, by Region - Global Forecast to 2021

  • ID: 3680576
  • Report
  • Region: Global
  • 138 Pages
  • Markets and Markets
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BPM Market Size is Estimated to Grow USD 6.96 Billion in 2016 to USD 13.52 Billion by 2021

FEATURED COMPANIES

  • Appian Corporation
  • BP Logix, Inc.
  • IBM Corporation
  • K2
  • Opentext, Inc.
  • Oracle Corporation
  • MORE
"Business Process Management Market by Solution, by Service, by Deployment Type (Cloud, On-Premises), by Organization Size (SMES, Enterprises), by Business Function, by Industry Vertical, by Region (NA, Europe, APAC, MEA, LA) - Global Forecast to 2021"

"The ability to further improve the efficiency and visibility of the overall business process and adhering to ever increasing government compliances will drive the overall Business Process Management (BPM) market"

The BPM market size is estimated to grow USD 6.96 billion in 2016 to USD 13.52 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.2% from 2016 to 2021. The BPM market is driven by factors, such as the need to improve the efficiency and visibility, adhere to increasing government compliance, and to increase the overall Return on Investment (ROI) of the organization.

"BPM solutions are expected to show positive growth trends during the forecast period"

The BPM solutions are expected to dominate the market from 2016 to 2021, with a larger share than the BPM services, due to growing business compliance challenges faced by the organizations worldwide. Furthermore, due to future saturation in the solutions segment in the developed economies and variation in global governmental regulations and radiation norms & regulations, the demand for integration and consult services is expected to gain traction in the next five years.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of the primary participants is as follows:

- By Company Type: Tier 1 - 20 %, Tier 2 - 42% and Tier 3 - 38%
- By Designation: C level - 55 %, Director level - 26%, Others - 19%
- By Region: North America - 47 %, Europe - 32%, APAC - 21%

Due to rise in the demand for integrated BPM solutions and increasing adoption of cloud-based solutions, the BPM market finds huge growth opportunities in the next five years.

The various key BPM vendors profiled in the report are as follows:

1. IBM Corporation
2. Appian Corporation
3. Oracle Corporation
4. Red Hat, Inc.
5. Software AG
6. Pegasystems
7. TIBCO Software
8. K2
9. OpenText
10. BPLogix

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the BPM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across regions.

2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Appian Corporation
  • BP Logix, Inc.
  • IBM Corporation
  • K2
  • Opentext, Inc.
  • Oracle Corporation
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Global Business Process Management Market
4.2 Business Process Management Global Market: By Industry Vertical and By Region
4.3 Lifecycle Analysis, By Region, 2016

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By IT Solution
5.3.2 By IT Service
5.3.3 By Deployment Type
5.3.4 By Industry Vertical
5.3.5 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Improves Efficiency and Visibility
5.4.1.2 to Adhere to the Increasing Government Compliance
5.4.1.3 to Accelerate Return on Investment for Organizations
5.4.2 Restraints
5.4.2.1 Resistance of Middle Management to Adopt BPM Solutions
5.4.2.2 Unanimity Among End Users to Take Primary Responsibility of BPM Solutions
5.4.3 Opportunities
5.4.3.1 Big Data and Cloud to Provide Efficiency in BPM Software
5.4.3.2 Increased Spending in Analytics
5.4.4 Challenges
5.4.4.1 Managing Cultural Change

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking
6.3.1 Strategic Benchmarking: New Product Launches and Acquisitions By Top Vendors
6.4 Innovation Spotlight
6.5 Workflow Model: Business Process Management

7 Business Process Management Market Analysis, By IT Solution
7.1 Introduction
7.2 Process Improvement
7.3 Automation
7.4 Content and Document Management
7.5 Integration
7.6 Monitoring and Optimization

8 BPM Market Analysis, By IT Service
8.1 Introduction
8.2 System Integration
8.3 Consulting
8.4 Training and Education

9 BPM Market Analysis, By Business Function
9.1 Introduction
9.2 Human Resources
9.3 Accounting and Finance
9.4 Sales and Marketing
9.5 Manufacturing
9.6 Supply Chain Management
9.7 Operations and Support
9.8 Others

10 Business Process Management Market Analysis, By Organization Size
10.1 Introduction
10.2 Small and Medium Enterprises (SMES)
10.3 Enterprises

11 BPM Market Analysis, By Deployment Type
11.1 Introduction
11.2 On-Premises
11.3 Cloud

12 Business Process Management Market Analysis, By Industry Vertical
12.1 Introduction
12.2 Government and Defense
12.3 Banking, Financial Services, and Insurance (BFSI)
12.4 IT and Telecom
12.5 Healthcare
12.6 Retail
12.7 Manufacturing
12.8 Others

13 Geographic Analysis
13.1 Introduction
13.2 North America
13.3 Europe
13.4 Asia-Pacific (APAC)
13.5 Middle East and Africa (MEA)
13.6 Latin America

14 Competitive Landscape
14.1 Overview
14.2 Competitive Situation and Trends
14.3 New Product Launches
14.4 Mergers and Acquisitions
14.5 Partnerships and Collaborations

15 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
15.1 Introduction
15.2 IBM Corporation
15.3 Appian Corporation
15.4 Software AG
15.5 Oracle Corporation
15.6 Pegasystems, Inc.
15.7 Red Hat, Inc.
15.8 Opentext, Inc.
15.9 Tibco Software
15.10 K2
15.11 BP Logix, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix
16.1 Industry Experts
16.2 Discussion Guide
16.3 Knowledge Store: Subscription Portal
16.4 Introducing RT: Real-Time Market Intelligence
16.5 Related Reports

List of Tables

Table 1 Business Process Management Market Size and Growth Rate, 2014-2021 (USD Million, Yoy %)
Table 2 BPM Market Size, By IT Solution, 2014-2021 (USD Million)
Table 3 Process Improvement: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 4 Automation: Business Process Management Market Size, By Region, 2014-2021 (USD Million)
Table 5 Content and Document Management: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 6 Integration: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 7 Monitoring and Optimization: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 8 Business Process Management Market Size, By Service, 2014-2021 (USD Million)
Table 9 System Integration: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 10 Consulting: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 11 Training and Education: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 12 Business Process Management Market Size, By Business Function, 2014-2021 (USD Million)
Table 13 Human Resources: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 14 Accounting and Finance: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 15 Sales and Marketing: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 16 Manufacturing: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 17 Supply Chain Management: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 18 Operations and Support: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 19 Others: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 20 Business Process Management Market Size, By Organization Size, 2014-2021 (USD Million)
Table 21 Small and Medium Enterprises: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 22 Enterprises: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 23 Business Process Management Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 24 On-Premises: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 25 Cloud: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 26 Business Process Management Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 27 Government and Defense: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 28 BFSI: Business Process Management Market Size, By Region, 2014-2021 (USD Million)
Table 29 IT and Telecom: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 30 Healthcare: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 31 Retail: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 32 Manufacturing: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 33 Others: BPM Market Size, By Region, 2014-2021 (USD Million)
Table 34 Business Process Management Market Size, By Region, 2014-2021 (USD Million)
Table 35 North America: Market Size, By IT Solution, 2014-2021 (USD Million)
Table 36 North America: Market Size, By IT Service, 2014-2021 (USD Million)
Table 37 North America: Market Size, By Business Function, 2014-2021 (USD Million)
Table 38 North America: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 39 North America: Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 40 North America: Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 41 Europe: Market Size, By IT Solution, 2014-2021 (USD Million)
Table 42 Europe: Market Size, By IT Service, 2014-2021 (USD Million)
Table 43 Europe: Market Size, By Business Function, 2014-2021 (USD Million)
Table 44 Europe: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 45 Europe: Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 46 Europe: Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 47 Asia-Pacific: Market Size, By IT Solution, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Market Size, By IT Service, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Market Size, By Business Function, 2014-2021 (USD Million)
Table 50 Asia-Pacific: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 51 Asia-Pacific: Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 52 Asia-Pacific: Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 53 Middle East and Africa: Market Size, By IT Solution, 2014-2021 (USD Million)
Table 54 Middle East and Africa: Market Size, By IT Service, 2014-2021 (USD Million)
Table 55 Middle East and Africa: Market Size, By Business Function, 2014-2021 (USD Million)
Table 56 Middle East and Africa: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 57 Middle East and Africa: Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 58 Middle East and Africa: Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 59 Latin America: Market Size, By IT Solution, 2014-2021 (USD Million)
Table 60 Latin America: Market Size, By IT Service, 2014-2021 (USD Million)
Table 61 Latin America: Market Size, By Business Function, 2014-2021 (USD Million)
Table 62 Latin America: Market Size, By Organization Size, 2014-2021 (USD Million)
Table 63 Latin America: Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 64 Latin America: Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 65 New Product Launches, 2012-2014
Table 66 Mergers and Acquisitions, 2012-2015
Table 67 Partnerships and Collaborations, 2013-2016

List of Figures

Figure 1 Global Business Process Management Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Solutions Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 7 Automation Segment is Expected to Have the Largest Market Size From 2016 to 2021
Figure 8 System Integration is Expected to Gain the Highest Traction During the Forecast Period
Figure 9 North America is Expected to Hold the Largest Share in the Business Process Management Market in 2016
Figure 10 Increased Demand for Efficiency and Visibility Within the Organization Will Boost the Business Process Management Market
Figure 11 Training and Education to Grow at the Highest CAGR During the Forecast Period
Figure 12 Government and Defense Vertical and North America are Expected to Hold the Largest Share of the Business Process Management Market
Figure 13 Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Evolution of the Business Process Management Market
Figure 15 Business Process Management Market, By IT Solution
Figure 16 BPM Market, By IT Service
Figure 17 BPM Market, By Deployment Type
Figure 18 Market, By Organization Size
Figure 19 Market, By Industry Vertical
Figure 20 Market, By Region
Figure 21 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Market: Value Chain
Figure 23 Strategic Benchmarking: New Product Launches and Acquisitions By Top Vendors
Figure 24 Business Process Management: Workflow Model
Figure 25 Monitoring and Optimization Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 26 Training and Education is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Sales and Marketing Business Function is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Enterprises Segment is Expected Have the Largest Market Size in the Business Process Management Market
Figure 29 Cloud Deployment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Government and Defense Industry Vertical is Expected to Have the Largest Market Size During the Forecast Period
Figure 31 Asia-Pacific is Expected to Grow at the Highest CAGR in the Global Business Process Management Market During the Forecast Period
Figure 32 Geographic Snapshot: Asia-Pacific is the Emerging Region in the Business Process Management Market
Figure 33 North America Market Snapshot: Presence of Key Vendors in the Region is A Major Factor Contributing Towards the Growth of the Business Process Management Market
Figure 34 Asia-Pacific Market Snapshot: Rising Demand for Lowering Operational Cost Among Verticals is A Major Factor Contributing Towards the Growth of the Business Process Management Market
Figure 35 Companies Adopted Partnerships, Collaborations, and Alliances as the Key Growth Strategy From 2013 to 2015
Figure 36 Market Evaluation Framework
Figure 37 Battle for Market Share: Partnerships, Collaborations, and Alliances Was the Key Strategy Adopted By the Top Players in the Business Process Management Market From 2012 to 2015
Figure 38 Geographic Revenue Mix of Top Market Players
Figure 39 IBM Corporation: Company Snapshot
Figure 40 IBM Corporation: SWOT Analysis
Figure 41 Appian Corporation: SWOT Analysis
Figure 42 Software AG: Company Snapshot
Figure 43 Software AG: SWOT Analysis
Figure 44 Oracle Corporation: Company Snapshot
Figure 45 Oracle Corporation: SWOT Analysis
Figure 46 Pegasystems, Inc.: Company Snapshot
Figure 47 Pegasystems, Inc.: SWOT Analysis
Figure 48 Red Hat, Inc.: Company Snapshot
Figure 49 Opentext, Inc.: Company Snapshot
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Appian Corporation
  • BP Logix, Inc.
  • IBM Corporation
  • K2
  • Opentext, Inc.
  • Oracle Corporation
  • MORE
The author forecasts the Business Process Management (BPM) market size to grow from USD 6.96 Billion in 2016 to USD 13.52 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.2% from 2016 to 2021. BPM solutions and services improve organizations overall efficiency and visibility, and contributes significantly to the growth of BPM market. Rising adoption of cloud platforms, adhering to government compliance and accelerating the Return on Investment (ROI) of the organization will drive the growth of the BPM market.

The Business Process Management market has witnessed substantial growth over the past few years and has subsequently created positive impact on the global economy. In the coming years, the industry is expected to witness demand for system integration and training services due to the increase in intensity of solution deployments in the emerging regions, such as APAC and MEA.

The scope of this report covers the Business Process Management market by component (IT solutions and IT services), deployment type, organization size, business function, industry vertical, and region. The business organizations are readily deploying BPM solutions due to the growing demand to tackle the dynamic business environment, especially since the global recession shook the entire business environment across all verticals. Hence, dependence of business organizations on process-oriented tools for automation and business agility is increasing. The existing players are required to constantly innovate and upgrade their products to maintain their market share.

The IT solutions segment is expected to dominate the market, contributing the largest market share during the forecast period. Training and education services segment is expected to gain the highest traction as enterprises around the globe would adopt these services to train their employees to effectively use the solutions. This would ultimately result in enhanced efficiency of the entire process. North America is expected to hold the largest market share and dominate the Business Process Management market from 2016 to 2021, whereas APAC offers potential growth opportunities. The enterprises in the APAC and MEA are investing heavily in the market to increase their efficiency and productivity.

Business Process Management Market

North America would dominate the BPM market from 2016 to 2021, due to the presence of large number of solution and service vendors headquartered in the U.S. APAC offers potential growth opportunities, as there is a rise in smartphone penetration and larger infrastructure investments by cloud service providers that are turning towards BPM solutions to efficiently manage their expanding operations.

The industry vertical specific adoption of BPM is at a nascent stage and therefore the biggest restraining factor for the growth of the Business Process Management market is resistance of middle management to adopt BPM solutions and unanimity among end-users to take primary responsibility of BPM solutions, which are complex in nature. This acts as the major restraining forces for the market.

The major vendors in Business Process Management market include IBM, Appian, Software AG, Oracle, RedHat, Pegasystems, K2, Tibco Software, and BPLogix along with others. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations and business expansion to cater to the needs of the BPM market. For example, IBM Corporation has been adopting various development strategies for expanding its global reach as well as its product portfolio in the BPM market. In September 2014, IBM launched its new product, Process Manager 8.5. This product was launched to optimize its business process and which is based on cloud and has been integrated with case handling for enhancing mobile user interfaces.

Exteneded Description

"Business Process Management Market by Solution, by Service, by Deployment Type (Cloud, On-Premises), by Organization Size (SMES, Enterprises), by Business Function, by Industry Vertical, by Region (NA, Europe, APAC, MEA, LA) - Global Forecast to 2021"

"The ability to further improve the efficiency and visibility of the overall business process and adhering to ever increasing government compliances will drive the overall Business Process Management (BPM) market"

The BPM market size is estimated to grow USD 6.96 billion in 2016 to USD 13.52 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.2% from 2016 to 2021. The BPM market is driven by factors, such as the need to improve the efficiency and visibility, adhere to increasing government compliance, and to increase the overall Return on Investment (ROI) of the organization.

"BPM solutions are expected to show positive growth trends during the forecast period"

The BPM solutions are expected to dominate the market from 2016 to 2021, with a larger share than the BPM services, due to growing business compliance challenges faced by the organizations worldwide. Furthermore, due to future saturation in the solutions segment in the developed economies and variation in global governmental regulations and radiation norms & regulations, the demand for integration and consult services is expected to gain traction in the next five years.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of the primary participants is as follows:

- By Company Type: Tier 1 - 20 %, Tier 2 - 42% and Tier 3 - 38%
- By Designation: C level - 55 %, Director level - 26%, Others - 19%
- By Region: North America - 47 %, Europe - 32%, APAC - 21%

Due to rise in the demand for integrated BPM solutions and increasing adoption of cloud-based solutions, the BPM market finds huge growth opportunities in the next five years.

The various key BPM vendors profiled in the report are as follows:

1. IBM Corporation
2. Appian Corporation
3. Oracle Corporation
4. Red Hat, Inc.
5. Software AG
6. Pegasystems
7. TIBCO Software
8. K2
9. OpenText
10. BPLogix

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the BPM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across regions.

2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions.
Note: Product cover images may vary from those shown
5 of 4
- Appian Corporation
- BP Logix, Inc.
- IBM Corporation
- K2
- Opentext, Inc.
- Oracle Corporation
- Pegasystems, Inc.
- Red Hat, Inc.
- Software AG
- Tibco Software
Note: Product cover images may vary from those shown
6 of 4
Note: Product cover images may vary from those shown
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