Business Process Management Market, By Component (Solution and Service), By Functionality (Human Resource, Accounting and Finance, Sales and Marketing, and Operation and Supply Chain Management), By Deployment Type (Cloud and On-Premise), By Organization Size (Small and Medium-Sized Enterprises (SMEs), and Large Enterprises), By Industry Vertical (Government and Defense, BFSI, IT and Telecom, Healthcare, Retail, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Business Process Management Market size accounted for US$ 21.0 billion in 2024 and is estimated to be US$ 155.0 billion by 2034 and is anticipated to register a CAGR of 22.1%.

Business process management is a discipline that aids in streamlining end-to-end business operations by tracking, examining, modelling, and automating various business processes. Business process management uses a variety of techniques, including discovering, modelling, analysing, measuring, improving, optimising, and automating business processes, to enhance organisational performance. Business process management is a solution that streamlines user daily tasks for optimal speed and effectiveness. The worldwide business process management market is expanding as a result of big scale organisations increasingly adopting automated services to boost productivity and streamline their company operations.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Growing adoption of automated services by large scaled enterprises in order to improve efficiency and to streamline their business functions is factor driving growth of the business process management market. In addition, increasing adoption of cloud-based services and big-data tools is another factor that fuels growth of the target market. However, initial cost of business process management software is restraining growth of the business process management market.

The Business Process Management Market is segmented based on Component, Functionality, Deployment Type, Organization Size, Industry Vertical, and Region.

On the basis of Component, the Business Process Management Market is segmented into Solution and Service.  On the basis of Functionality, the  Business Process Management Market is segmented into Human Resource, Accounting and Finance, Sales and Marketing, and Operation and Supply Chain Management. On the basis of Deployment type, the  Business Process Management Market is segmented into Cloud and On-Premise.  On the basis of Organization Size, the Business Process Management Market is segmented into Small and Medium Sized Enterprises and Large Enterprises.  On the basis of Industry Vertical, the Business Process Management Market is segmented into Government and Defense, BFSI, IT and Telecom, Healthcare, Retail, and Manufacturing. 

Regional Insights:

On region the  Business Process Management Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In comparison to other regions, North America is anticipated to hold a significant revenue share in the business process management market. The use of cloud-based services and the presence of significant vendors in the region's nations can be credited with this. In addition, the European market is anticipated to have the second-highest revenue share in the global industry, trailing only the market in Asia Pacific. Additionally, during the course of the projection period, the Asia Pacific market is expected to experience significant expansion.

Business Process Management Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Business Process Management Market report based on device, contain, deployment and region:

Business Process Management Market, By Component 

• Solution
• Service

Business Process Management Market, By Industry Vertical

• Government and Defense
• BFSI
• IT and Telecom
• Healthcare
• Retail
• Manufacturing

Business Process Management Market, By Deployment Type 

• Cloud
• On-Premise

Business Process Management Market, By Organization Size 

• Small and Medium Sized Enterprises
• Large Enterprises

Business Process Management Market, By Functionality 

• Human Resource
• Accounting and Finance
• Sales and Marketing
• Operation
• Supply Chain Management

Business Process Management Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Business Process Management Market includes Oracle Corporation, Microsoft Biz Talk Server, Adobe Inc, Fujitsu Limited, Pegasystems Inc., Global 360, Inc., Fabasoft AG, Hewlett Packard Enterprise Company, SAP SE, Appian Corporation, Red Hat, Inc., TIBCO Software Inc., and BP Logix, Inc.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In May 2024, Business Process Management Market Surges as Organizations Seek Streamlined Workflows and Optimization. The Business Process Management Market is experiencing robust growth driven by the increasing demand for process optimization, automation, and efficiency across industries.
• In July 2023, Infosys BPM has experienced slowest growth in 6 years as revenue drops from top clients in FY23. Infosys’ business process management (BPM) arm – the largest subsidiary of the IT Company – last fiscal year recorded its slowest growth since 2016-17, hurt by a decline in revenue from its top accounts and the nature of deals where the bulk of the proceeds were already accounted for in the previous two years.
• In April 2023, Siemens and IBM Collaborate to Accelerate Sustainable Product Development and Operations. The two companies are developing a new systems engineering and asset management combined software solution to support traceability and sustainable product development – linking domains including mechanical, electronic, electrical and software engineering.

• Oracle Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Microsoft Biz Talk Server
• Adobe Inc
• Fujitsu Limited
• Pegasystems Inc.
• Global 360, Inc.
• Fabasoft AG
• Hewlett Packard Enterprise Company
• SAP SE
• Appian Corporation
• Red Hat, Inc.
• TIBCO Software Inc.
• BP Logix, Inc.

“*” marked represents similar segmentation in other categories in the respective section