Report ID: SQMIG45E2133
Business Process Management Market Size, Share, Growth Analysis, By Deployment(Cloud Based and On-premise), By End User(SMEs and Large Enterprise), By Component(Platform and Services), By Function(Human Resource Management, Procurement and Supply Chain Management, Sales and Marketing, Accounting and Finance), By Type(On-Premises and Cloud), By Organization Size(Large Enterprises, Small and Medium-Sized Enterprises), By Industry(Banking, Financial Services, and Insurance, Information Technology), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2133 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
59 |
Figures:
77
Business Process Management Market Regional Insights
In 2022, more than 35% of the market belonged to North America. The quick adoption of cutting-edge technology, the fact that this region is home to the greatest economy in the world, and the existence of significant businesses like Appian Corporation, Genpact, and International Business Machine Corporation, among others, are all factors that have contributed to its success. According to the most recent data made available by the US Census Bureau, there are about 6.1 million employer companies in the US. The country's numerous enterprises have also made it possible for BPM to be widely used, which has helped the North America area to expand.
The region with the highest predicted CAGR of more than 20% between 2023 and 2030 is Asia Pacific. Rising economies like India, which is undergoing a significant digitization shift, are responsible for the expansion of this region. Furthermore, the area is home to some of the world's largest economies, which have been eager to adopt new technologies, fueling market expansion. The fact that China and India are among the world's industrial powerhouses has helped BPM become more widely used in the region's manufacturing sectors, which has fueled growth.
Business Process Management Market Report Snapshots
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