Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Business Process Management Software Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global business process management software market is anticipated to grow at a CAGR of 10.1% during the forecast period. The rising automation and shifting organizational work process on the cloud is a major factor driving the growth of the market. However, the high cost of deployment of such software restrains its adoption in the MSMEs and start-ups.
The global business process management software market is segmented based on the type, application, and end-user. Based on the type, the market is sub-segmented into cloud and on-premise. Based on application, the market is sub-segmented into process management, process automation, content & document management, case management, and other solutions (including optimization management and application integrations). Based on end-user, the market is sub-segmented into g?v?rnm?nt & d?f?n??, ?F??, ?? & t?l???m, ?nd oth?r?.
Geographically, the global business process management software market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to grow fastest during the forecast period. India and China are the major contributing nations in this regional market owing to the shifting of manufacturing units from the western region towards these countries due to economical labor costs and easy availability of raw materials.
The major companies serving the global business process management software market include IBM Corp., Oracle Corp., Microsoft Corp., Dell Inc., ASG Technologies Group Inc., Tibco Software Inc., and Zoho Corp. Pvt. Ltd., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance-
- SailPoint announced the launch of its customized workflows, automating identity security with no-code offerings in August 2021, to automate complex and repetitive tasks by creating a workflow from scratch or browsing through available templates to fit exact needs and connect seamlessly to a variety of other SaaS applications within the a cloud environment.
- Zoho Corp. Pvt. Ltd. announced the launch of their low code workflow product called Qntrl in April 2021. This product allows less technical support to drag and drop the components to finish its work. The company is aiming for developing regions with a product that requires less technical expertise than traditional business process management tools.
Market Segmentation
- Global Business Process Management Software Market Research and Analysis by Type.
- Global Business Process Management Software Market Research and Analysis by Application.
- Global Business Process Management Software Market Research and Analysis by End-User.
The Report Covers
- Comprehensive research methodology of the global business process management software market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global business process management software market.
- Insights about market determinants that are stimulating the global business process management software market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Segmentation
4.1. Global Business Process Management Software Market by Type
4.1.1. Cloud
4.1.2. On-Premises
4.2. Global Business Process Management Software Market by Application
4.2.1. Process Management
4.2.2. Process Automation
4.2.3. Content & Document Management
4.2.4. Case Management
4.2.5. Other Solutions (including Optimization Management and Application Integrations)
4.3. Global Business Process Management Software Market by End-User
4.3.1. G?v?rnm?nt & D?f?n??
4.3.2. BFSI
4.3.3. IT & Telecom
4.3.4. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
A selection of companies mentioned in this report includes
- Appian Corp.
- ASG Technologies Group Inc.
- BizFlow Corp.
- BP Logix Inc.
- Carewise Health, Inc
- Comindware Inc.
- Fujitsu Ltd.
- Kissflow Inc.
- Nintex UK Ltd.
- OpenText Corp.
- Pegasystems Inc.
- SAP SE
- Signavio GmbH
- Software AG
- Tibco Software Inc.
- Ultimus Inc.
- Zoho Corp. Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/n52s3d
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