The global business process management market size reached approximately USD 15.21 Billion in 2024. The market is estimated to grow at a CAGR of 11.10% in the forecast period of 2025-2034, reaching a value of around USD 43.58 Billion by 2034.
Other business process management market players include Oracle Corporation, TIBCO Software Inc., Bizagi Group Limited, Cavintek, Inc. (Cflow), Open Text Corporation, Newgen Software Technologies Limited., BP Logix, Inc., and Kissflow Inc., among others.
Key Trends in the Market
Business process management is an approach to identify, evaluate, optimise, and measure business processes. BPM coordinates people, input, output, workflow, information, and technology to produce a specific business outcome and enhance its operational efficiency and customer experience.- The growing deployment of BPM in the healthcare sector to streamline tasks, improve performance efficiency, enhance clinical procedures, ensure compliance and risk management, and reduce delays and errors is one of the prominent business process management market trends.
- Market players are taking strategic initiatives such as the launch of new BPM labs with world-class facilities, mergers and partnerships to develop smart process management, and collaborative efforts to accelerate digital BPM.
- The rising integration of innovative technologies such as artificial intelligence (AI) and machine learning (ML) to automate repetitive and mundane tasks, enhance customer experience, improve cost-efficiency, and minimise manual errors provide impetus to the business process management market growth. Furthermore, businesses are adopting cloud technology-based BPM software to collaborate, improve scalability, and boost operational efficiency.
- Market Segmentation
Breakup by Component
- Platform
- Services
Breakup by Deployment Model
- On-Premises
- Cloud
Breakup by Organisation Size
- Large Enterprises
- Small and Medium Enterprises
Breakup by Business Function
- Human Resource Management (HRM)
- Procurement and Supply Chain Management (SCM)
- Sales and Marketing
- Accounting and Finance
- Customer Service Support
- Others
Breakup by End Use
- IT and Telecommunication
- Retail and Consumer Goods
- Government and Defence
- Healthcare and Life Sciences
- BFSI
- Manufacturing
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Share by Organisation Size
Small or medium-sized organisations occupy a significant portion of the business process management market share owing to the large number of companies offering specialised BPM solutions for these organisations. SMEs are adopting BPM tools and solutions to automate business tasks and increase the productivity of the workforce. Moreover, BPM tools offer features such as effective collaboration and communication while streamlining various processes. Additionally, the implementation of AI-based intelligence BPM in businesses provides a positive outlook to the market.Market Share by Region
As per the business process management market analysis, North America accounts for a sizeable share of the global market due to the rapid adoption of the latest technologies by businesses. Many organisations in the region are deploying BPM-based software and tools to enhance the efficiency of their business processes and improve the overall output. Furthermore, the BFSI sector in the region is incorporating BPM to automate tasks such as opening new accounts, lending loans, risk management, and customer enquiry and support.Competitive Landscape
The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the business process management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.Microsoft Corporation
Microsoft Corporation is a multinational technology company that was founded in 1975 and headquartered in Washington, the United States. It is widely known for its operating system, Microsoft Windows, and Office business suite.IBM Corporation
IBM Corporation, established in 1911, is a global leader in computer technology, with its headquarters in New York, the United States. It offers its products and services to aid its clients with their business processes.Appian Corporation
Appian Corporation is a cloud computing corporation, incorporated in 1999 and based in Virginia, the United States. The company offers a low code automation platform for building applications and managing workflows.Other business process management market players include Oracle Corporation, TIBCO Software Inc., Bizagi Group Limited, Cavintek, Inc. (Cflow), Open Text Corporation, Newgen Software Technologies Limited., BP Logix, Inc., and Kissflow Inc., among others.
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Business Process Management Market Analysis
6 North America Business Process Management Market Analysis
7 Europe Business Process Management Market Analysis
8 Asia Pacific Business Process Management Market Analysis
9 Latin America Business Process Management Market Analysis
10 Middle East and Africa Business Process Management Market Analysis
11 Market Dynamics
12 Competitive Landscape
Companies Mentioned
- Microsoft Corporation
- IBM Corporation
- Appian Corporation
- Oracle Corporation
- TIBCO Software Inc.
- Bizagi Group Limited
- Cavintek, Inc. (Cflow)
- Open Text Corporation
- Newgen Software Technologies Limited.
- BP Logix, Inc.
- Kissflow Inc.