How big is the Business Process Management Market?

The Business Process Management Market size is expected to reach USD 14.96 billion in 2024 and grow at a CAGR of 11.83% to reach USD 26.17 billion by 2029. Read More

What is the current Business Process Management Market size?

In 2024, the Business Process Management Market size is expected to reach USD 14.96 billion. Read More

Who are the key players in Business Process Management Market?

IBM Corporation, Fujitsu, Oracle, Open Text Corporation and Pegasystems Inc. are the major companies operating in the Business Process Management Market. Read More

Which is the fastest growing region in Business Process Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Business Process Management Market?

In 2024, the North America accounts for the largest market share in Business Process Management Market. Read More

What years does this Business Process Management Market cover, and what was the market size in 2023?

In 2023, the Business Process Management Market size was estimated at USD 13.38 billion. The report covers the Business Process Management Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Business Process Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Which industries are adopting BPM solutions the most?

Industries such as banking, financial services, insurance (BFSI), healthcare, manufacturing, information technology (IT), and telecommunications are leading in adopting Business Process Management (BPM) solutions to improve operations and customer service. Read More

Business Process Management Market Share

Statistics for the 2023 & 2024 Business Process Management market share, created by Mordor Intelligence™ Industry Reports. Business Process Management share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Business Process Management Industry

The business process management market is competitive due to regional and international players' presence. Players are doing mergers and acquisitions and product innovation to maintain their position in the market, which holds an intense rivalry among competitors. Some of the recent developments in the market are:

In July 2022, TIBCO ModelOps was released, allowing enterprises to deploy AI models faster, from anywhere to everywhere, reliably, and at scale. This new addition to the company's game-changing analytics offering simplifies and scales cloud-based analytic model administration, deployment, monitoring, and governance for customers.

In July 2022, Comindware Inc. announced a significant milestone in its commitment to accelerated digital transformation and a long-term digital foundation in the United States. Regarding plans made last year to create an innovation lab, Comindware has confirmed that it has launched a world-class lab to promote the application of low-code, BPM, and related technologies in new corporate solutions and to equip businesses with dependable technology on their way to a sustainable digital future..

In March 2022, Pegasystems launched its low-code capabilities, Pega Infinity, a platform targeting improved low-code options, which is version 8.7 of its Pega Infinity software package. It includes low-code, automation, artificial intelligence (AI), and cloud architecture updates. New intelligent, low-code upgrades to Pega's core software suite help brands innovate faster and improve employee and customer experiences.