Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- Business Process Management Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

The Global Business Process management market is estimated at $4.65 billion in 2014 and is poised to reach $17.96 billion by 2022, growing at a CAGR of 18.4% during the forecast period 2014 to 2022. The factors that are fueling the market growth include increasing business dexterity, cost efficiency and return on investment from BPM suites. Whereas factors such as impedance to BPM solutions from IT staff, delusion about BPM solutions among end-users and perception of BPM as an IT matter are hindering the market growth.

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North America is estimated to be the largest market, followed by Europe and Asia Pacific in 2014. The US is undeniably the world's biggest market for BPM. Until 2010 North America accounted for more than half of the global BPM market by revenue. The top 3 BPM software vendors, Pega, IBM and Oracle, are headquartered in the United States. With a suite of products that perk up every year, IBM is the global leader in the business process management market. Organizations are starting their digital transformation, which means a shift towards using an intelligent business process management suite (iBPMS) by rethinking their business models and processes to tackle customer expectations.

The key players in the global business process management market are IBM, Oracle, Pegasystems, Inc., Tibco Software, Appian, EMC Corporation, Fujitsu, Hyland Software, Inc., Open text, Inc. and Software Ag.

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End User's Covered:

Small and Medium Businesses
Large Enterprise
Solutions Covered:
Automation
Content Management
Process Modelling
Optimization and Monitoring
Integration
Deployment type Covered:
On cloud
On-Premises

Applications Covered:

Transportation and Logistics
Manufacturing
IT and Telecom
Healthcare
defense and Government
Retail
Banking and Insurance
Automotive
Others

Regions Covered:

North America
US
Canada
Europe
Germany
France
Italy
UK
Spain
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia
Rest of the World
Latin America
Middle East
Africa
Others