Business Process Management as a Service (BPMaaS) Market by Deployment, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40048
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The business process management as a service (BPMaaS) market has the potential to grow by USD 19.56 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 28.01%.

This business process management as a service market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (BFSI, manufacturing, retail, and others), deployment (on-premises and cloud-based), and geography (North America, Europe, APAC, South America, and MEA). The report also offers information on several market vendors, including Accenture Plc, Appian Corp., and BP Logix Inc., among others.

What will the Business Process Management as a Service (BPMaaS) Market Size be in 2021?

Business-Process-Management-As-A-Service-(BPMaaS)-Market-Market-Size-2020-2025

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Business Process Management as a Service (BPMaaS) Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for process automation is notably driving the business process management as a service market growth, although factors such as data security and privacy issues may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the business process management as a service industry get your FREE report sample now.

  • The growing focus of enterprises towards digitizing their processes is leading to increasing demand for process automation.
  • In addition to eliminating the need for human intervention, automation also helps in accelerating business processes and increasing accuracy.
  • Such benefits will induce enterprises to increasingly focus on automation, which will, in turn, result in a rise in the adoption of technologies including AI, BPM, and RPA.
  • To automate the processes involving customers, partners, and self-service applications, organizations in the BFSI, manufacturing, and retail verticals are increasingly adopting BPMaaS solutions.
  • With the need to ensure efficiency at every stage and increase the flexibility of the process, there will be an increase in the adoption of intelligent automation during the forecast period. This will subsequently result in an increase in the adoption of business process management solutions.
  • To enhance process automation and increase the effectiveness of BPMaaS, BPM solutions are increasingly being integrated with technologies such as machine learning.
  • The emergence of Intelligent BPM (iBPM) will be one of the critical business process management as a service market trends that will influence the market landscape.
  • iBPM solutions include additional features such as cloud computing, event processing, systems interlinking, and real-time decision making.
  • The ability to handle multiple tasks, deliver advanced analytics, and integration with other tools are some of the benefits offered by iBPM solutions.
  • Additionally, iBPM helps enterprises in connecting their ERP systems instead of coding the business process requirements into the systems.
  • Such benefits will result in an increase in the preference for iBPM solutions over the forecast period, driving BPMaaS market growth.

This BPMaaS market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Business Process Management as a Service (BPMaaS) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Appian Corp.
  • BP Logix Inc.
  • International Business Machines Corp.
  • Open Text Corp.
  • Oracle Corp.
  • Pegasystems Inc.
  • SAP SE
  • Software AG
  • TIBCO Software Inc.

 

The BPMaaS market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the business process management as a service market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Business Process Management as a Service (BPMaaS) Market?

Business-Process-Management-As-A-Service-(BPMaaS)-Market-Market-Share-by-Region-2020-2025

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39% of the market’s growth will originate from North America during the forecast period. The US is a key market for business process management as a service in North America. However, market growth in North America will be slower than the growth of the market in other regions.

The rise in the adoption of cloud computing services and the presence of a majority of vendors will facilitate the BPMaaS market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Business Process Management as a Service (BPMaaS) Market?

Business-Process-Management-As-A-Service-(BPMaaS)-Market-Market-Share-by-End-2020-2025

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The business process management as a service market share growth by the BFSI segment will be significant during the forecast period. For increasing operational efficiency through process orchestration and the integration of front, middle, and back-office departments, the deployment of BPM solutions has become critical for BFSI companies. BFSI enterprises are deploying BPMaaS solutions to increase their capability in managing workflows. 

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in the demand for BPMaaS from the BFSI sector. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the business process management as a service market size.

 

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What are the Key Factors Covered in this Business Process Management as a Service (BPMaaS) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive business process management as a service market growth during the next five years
  • Precise estimation of the BPMaaS market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the business process management as a service industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of business process management as a service market vendors

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Business Process Management As A Service (BPMaaS) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 28%

Market growth 2021-2025

$ 19.56 billion

Market structure

Fragmented

YoY growth (%)

10.77

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 39%

Key consumer countries

US, Germany, China, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Appian Corp., BP Logix Inc., International Business Machines Corp., Open Text Corp., Oracle Corp., Pegasystems Inc., SAP SE, Software AG, and TIBCO Software Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The business process management as a service (bpmaas) market growth will increase by $19560.46 million during 2020-2025.
The business process management as a service (bpmaas) market is expected to grow at a CAGR of 28.01% during 2020-2025.
Technavio has segmented the business process management as a service (bpmaas) market by end user (BFSI, Manufacturing, Retail, and Others) ,deployment (On-premises and Cloud-based) , and geographic (North America, Europe, APAC, South America, and MEA).
Accenture Plc, Appian Corp., BP Logix Inc., International Business Machines Corp., Open Text Corp., Oracle Corp., Pegasystems Inc., SAP SE, Software AG, TIBCO Software Inc. are a few of the key vendors in the business process management as a service (bpmaas) market.
North America will register the highest growth rate of 39.16% among the other regions. Therefore, the business process management as a service (bpmaas) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the business process management as a service (bpmaas) market growth are:
  • Increasing demand for process automation
  • Emergence of mobile BPM solutions
The business process management as a service (bpmaas) market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
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