Business Process Management Market 2021-26: Trends, Scope, Demand, Outlook And Forecast

According to the latest report by IMARC Group, the global business process management market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 7% during the forecast period (2021-2026).

Business process management (BPM) refers to the process of studying software and services to achieve high output. It aims to enhance corporate performance by maintaining, managing, and optimizing the day-to-day activities of businesses.

BPM also manages the workflow and returns on investment (ROI), increases productivity and makes the organization more adaptable to changes. Moreover, it centralizes geographically dispersed resources to improve efficiency and optimize the strategies and processes of an organization.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Business Process Management Market Trends:

The global BPM market is primarily driven by the increasing trend of automation, which aids in minimizing the cost of products and services. It is facilitated by the incorporation of cloud computing with BPM solutions, which helps companies streamline their overall workflows. Various small and medium enterprises (SMEs) are also employing BPM solutions to identify and prioritize their processes to re-engineer organizational activities.

Besides this, various technological advancements, such as the integration of the Internet of Things (IoT) and advanced analytics, have enabled the key developers to integrate major business functions, such as accounting, finance, sales and marketing, supply chain management, and human resources, with BPM solutions. Furthermore, the introduction of Artificial Intelligence (AI) and machine learning (ML) in BPM software is expected to provide a positive outlook to the market.

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Insights on Market Segmentation:

Breakup by Deployment Type



Breakup by Application

IT Solution

IT Service

Breakup by Business Function

Human Resource

Accounting and Finance

Sales and Marketing


Supply Chain Management

Operation and Support


Breakup by Organization Size


Large Enterprises

Breakup by Vertical

Government & Defense


IT & Telecom





Breakup by Region

North America


Asia Pacific

Latin America

Middle East and Africa

Competitive Landscape:


Appian Corporation (APPN)


Hewlett Packard Enterprise Comp (HPE)

International Business Machines Corp (IBM)

Microsoft Corporation (MSFT)

OpenText Corporation

Oracle Corporation

Pegasystems Inc.

Red Hat Software


Software AG

TIBCO Software

Ultimus Inc.

As 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.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. 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.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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