IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC Group is a leading market research company that offers management strategy and market research worldwide. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment. If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. International Business Machines Corp (IBM)Īsk Analyst for Customization and Browse full report with TOC & List of Figure: Īs the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others).Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others). Additionally, it is anticipated that the inclusion of machine learning (ML) and artificial intelligence (AI) in BPM software will boost the industry. In addition, a number of technological developments, including the Internet of Things (IoT) and advanced analytics, have made it possible for the key developers of BPM solutions to incorporate important business functions like accounting, finance, sales and marketing, supply chain management, and human resources. Many small and medium-sized businesses (SMEs) are using BPM systems to categorise and prioritise their processes in order to restructure organisational operations. It is made possible by the combination of cloud computing and BPM tools, which streamlines businesses' overall workflows. The growing trend of automation, which helps to reduce the cost of goods and services, is the main factor driving the worldwide BPM market. These observations will be integrated into the report. Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. Request for a free sample copy of this report: Additionally, it concentrates geographically scattered resources to boost productivity and improve an organization's plans and procedures. BPM also controls workflow and returns on investment (ROI), boosts productivity, and improves an organization's flexibility. It strives to improve corporate performance by preserving, monitoring, and maximising business operations on a daily basis. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting at a CAGR of 14.2% during 2022-2027.īusiness process management (BPM) is the process of learning about software and services in order to produce high-quality results. According to the latest report by IMARC Group “ Business Process Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global business process management market size reached US$ 9.2 Billion in 2021.
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