Jul 1, 2022

| Technavio News provided by Share this article Share this article NEW YORK, July 1, 2022 /PRNewswire/ -- Business process management as a service (BPMaaS) refers to software solutions that enable enterprises to implement BPM in order to increase the efficiency of business workflows. The Business Process Management as a Service (BPMaaS) Market size is expected to increase by USD 19.56 billion from 2020 to 2025, with an accelerated CAGR of 28.01%, according to the recent market study by Technavio. Technavio has announced its latest market research report titled Business Process Management as a Service (BPMaaS) Market by Deployment, End-user, and Geography - Forecast and Analysis 2021-2025 Segmentation by End-user BFSI: The market vendors should focus on grabbing business opportunities from the BFSI segment under the end-users category as it accounted for the largest market share in the base year. The deployment of BPM solutions has become crucial for BFSI companies to increase operational efficiency through process orchestration and the integration of front, middle, and back-office departments. BFSI enterprises are using BPMaaS solutions to increase their capability in managing workflows. Manufacturing Value Chain Analysis The report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Business Process Management as a Service (BPMaaS) Market includes the following core components: Inputs Management as a Service (BPMaaS) Market Vendor Insights- The business process management as a service (BPMaaS) market is fragmented, and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market. Some of the key vendors in the market include 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., among others. The key offerings of some of the vendors are listed below: Accenture Plc - As the key product, the company offers a business process management solution suite proven to optimize the workflow. Appian Corp. - The company offers Business Process Management Suite covering the Four Aspects of BPM in a Circle - Design, Execute, Optimize and Manage. BP Logix Inc. - The company offers the business process solution suite with AI decision-making. Find additional highlights on the vendors and their product offerings. Download Business Process Management as a Service (BPMaaS) Market Driver: Increasing demand for process automation: Enterprises need to automate business processes and meet evolving customer demands, which is expected to drive the adoption of technologies such as BPM, RPA, and AI during the forecast period. Moreover, enterprises across the verticals such as BFSI, retail, and manufacturing are implementing BPMaaS solutions to automate internal and external processes. Business Process Management as a Service (BPMaaS) Market Challenge: Data security and privacy issues: The interconnection of various technologies and the deployment of BPM on the cloud are raising data and device security concerns. Moreover, the rising engagement of multiple vendors in storing data on public cloud or in multi-cloud environments increases the risk of cyberattacks. Hence, enterprises need to explore the ways to secure their data when implementing BPMaaS solutions, which can hinder the market growth. Find additional information about various other market Drivers & Challenges Here are Some Similar Topics- Report Coverage Market growth 2021-2025 Performing market contribution Competitive landscape Key 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 recovery analysis 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. Table of Contents 3 Market Sizing 3.2 Market segment analysis Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million) Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%) 4 Five Forces Analysis 4.2 Bargaining power of buyers Exhibit 09: Bargaining power of buyers 4.3 Bargaining power of suppliers Exhibit 10: Bargaining power of suppliers 4.4 Threat of new entrants Exhibit 11: Threat of new entrants 4.5 Threat of substitutes 4.6 Threat of rivalry 4.7 Market condition 5 Market Segmentation by End-user 5.1 Market segments Exhibit 17: BFSI - Market size and forecast 2020-2025 ($ million) Exhibit 18: BFSI - Year-over-year growth 2020-2025 (%) 5.4 Manufacturing - Market size and forecast 2020-2025 Exhibit 19: Manufacturing - Market size and forecast 2020-2025 ($ million) Exhibit 20: Manufacturing - Year-over-year growth 2020-2025 (%) 5.5 Retail - Market size and forecast 2020-2025 Exhibit 21: Retail - Market size and forecast 2020-2025 ($ million) Exhibit 22: Retail - Year-over-year growth 2020-2025 (%) 5.6 Others - Market size and forecast 2020-2025 Exhibit 23: Others - Market size and forecast 2020-2025 ($ million) Exhibit 24: Others - Year-over-year growth 2020-2025 (%) 5.7 Market opportunity by End-user Exhibit 25: Market opportunity by End-user 6 Market Segmentation by Deployment 6.1 Market segments 6.2 Comparison by Deployment 6.3 On-premises - Market size and forecast 2020-2025 Exhibit 28: On-premises - Market size and forecast 2020-2025 ($ million) Exhibit 29: On-premises - Year-over-year growth 2020-2025 (%) 6.4 Cloud-based - Market size and forecast 2020-2025 Exhibit 30: Cloud-based - Market size and forecast 2020-2025 ($ million) Exhibit 31: Cloud-based - Year-over-year growth 2020-2025 (%) 6.5 Market opportunity by Deployment Exhibit 32: Market opportunity by Deployment 7 Customer landscape 8.2 Geographic comparison Exhibit 36: North America - Market size and forecast 2020-2025 ($ million) Exhibit 37: North America - Year-over-year growth 2020-2025 (%) 8.4 Europe - Market size and forecast 2020-2025 Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million) Exhibit 39: Europe - Year-over-year growth 2020-2025 (%) 8.5 APAC - Market size and forecast 2020-2025 Exhibit 40: APAC - Market size and forecast 2020-2025 ($ million) Exhibit 41: APAC - Year-over-year growth 2020-2025 (%) 8.6 South America - Market size and forecast 2020-2025 8.7 MEA - Market size and forecast 2020-2025 Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million) Exhibit 45: MEA - Year-over-year growth 2020-2025 (%) 8.8 Key leading countries 8.9 Market opportunity by geography Exhibit 47: Market opportunity by geography 9 Drivers, Challenges, and Trends 9.1 Market drivers 9.3 Market trends Exhibit 53: Market positioning of vendors 11.3 Accenture Plc Exhibit 55: Accenture Plc - Business segments Exhibit 56: Accenture Plc - Key offerings Exhibit 57: Accenture Plc - Segment focus 11.4 Appian Corp. Exhibit 59: Appian Corp. - Business segments Exhibit 60: Appian Corp. - Key news Exhibit 61: Appian Corp. - Key offerings Exhibit 62: Appian Corp. - Segment focus 11.5 BP Logix Inc. Exhibit 64: BP Logix Inc. - Product and service Exhibit 65: BP Logix Inc. - Key offerings 11.6 International Business Machines Corp. Exhibit 66: International Business Machines Corp. - Overview Exhibit 67: International Business Machines Corp. - Business segments Exhibit 68: International Business Machines Corp. - Key news Exhibit 69: International Business Machines Corp. - Key offerings Exhibit 70: International Business Machines Corp. - Segment focus 11.7 Open Text Corp. Exhibit 72: Open Text Corp. - Business segments Exhibit 73: Open Text Corp. - Key offerings 11.8 Oracle Corp. Exhibit 75: Oracle Corp. - Business segments Exhibit 76: Oracle Corp. - Key offerings Exhibit 77: Oracle Corp. - Segment focus 11.9 Pegasystems Inc. Exhibit 79: Pegasystems Inc. - Product and service Exhibit 80: Pegasystems Inc. - Key offerings 11.10 SAP SE Exhibit 82: SAP SE - Business segments Exhibit 83: SAP SE - Key offerings Exhibit 84: SAP SE - Segment focus 11.11 Software AG Exhibit 86: Software AG - Business segments Exhibit 87: Software AG - Key offerings Exhibit 88: Software AG - Segment focus 11.12 TIBCO Software Inc.