The Global Business Process Management (BPM) as a Service Market size is expected to grow from USD 3473.93 million in 2022 to USD 4978.23 million by 2030, at a CAGR of 4.6% during the forecast period (2023-2030).
The Global Business Process Management (BPM) as a Service Market size is expected to grow from USD 3473.93 million in 2022 to USD 4978.23 million by 2030, at a CAGR of 4.6% during the forecast period (2023-2030).
An organizational discipline called business process management as a service provides specialized business processes in a cloud-based format. It is a web-based solution that combines PaaS and SaaS offerings. It uses cutting-edge business tools for a variety of processes to carry out all corporate operations effectively. Activities that help the enterprise achieve its purpose are included in business process management, including design, modeling, automation, execution, control, measurement, and process optimization. It is crucial to the success of any business because it aids in the creation and production of new goods, the fulfillment of product orders, and the onboarding of new personnel.
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Top Key Players Covered In Business Process Management (BPM) as a Service Market
Appian, IBM, OpenText, Accenture PLC, SAP SE, BP Logix Inc., Software AG., Pegasystems, and other major players.
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Segmentation Analysis of the Business Process Management (BPM) as a Service Market
By Deployment
By End-User
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Covid-19 Impact Analysis On Business Process Management (BPM) as a Service Market
The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of business activity on account of the coronavirus pandemic and has resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. Mandatory containment measures and health safety compliances have put huge pressure on remote operations across a wide array of industry verticals which further derailed the market growth rate. During the pandemic, small businesses are closed due to a lack of funds. However, several industries adopted digital technologies and work-from-home facilities that help the market to grow. Moreover, at the end of 2020, global companies witnessed rising investments in Business Process Management (BPM) as a Service to facilitate easy remote working.
By Region
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Dec 05, 2023