Research details advancements in the Business Process Management Market
May 3, 2023 ⚊ 1 Min read ⚊ Views 69 ⚊ NEWS
According to a research report “Business Process Management Market by Component, Deployment Type, Organization Size, Business Function (Sales and Marketing, HRM, Procurement and SCM, and Customer Service Support), Industry, and Region – Global Forecast to 2025”, published by MarketsandMarkets, the Business Process Management (BPM) market size is expected to grow from USD 8.8 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. The increasing need to automate processes and achieve business agility in various industries is expected to boost the adoption of the BPM platform. With an increase in the adoption of cloud-based BPM software and services among Small and Medium-sized Enterprises (SMEs), the BPM market is expected to gain traction during the forecast period.
