Published on : Jun 27, 2016
ALBANY, New York, June 27, 2016: ResearchMoz.us has announced the addition of a new report, “Global Business Process Management as a Service Market 2016-2020,” to its offering. This study provides an extensive overview of this market and encapsulates all the key segments. It also presents the strategies used by the top players for a better penetration in the market. To collate this report, insights from a number of stakeholders and industry leaders have been considered. The report thus provides up-to-date information on the global business process management as a service (BPMaaS) market. The report also encapsulates the problems encountered by the major players, factors impacting demand, and the latest market-related news.
The report starts by presenting the introduction on the BPMaaS market. This section presents the definition and the BPM lifecycle. The current size of the market and its predicted size by the end of 2020 have also been presented under this section of the report. The global BPMaaS market is predicted to expand at a whopping 39.55% CAGR between 2016 and 2020.
BPMaaS is used for the optimization of business processes and for increasing the profitability through process analytics, process engines, process designing. It is also employed for the monitoring, simulation, and automation of business processes within sectors such as sales and marketing including post-sales and pre-sales, for human resources in training, recruitment, and performance management. It is also used in research and development for enhancing the infrastructure and presenting accurate process management, in customer relationship management (CRM), and manufacturing.
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In the following section of the report, the market segmentation has been presented on the basis of deployment, end user, and geography. In terms of deployment, the BPMaaS market is segmented into cloud BPM and on-premises BPM. Amongst these, the segment of on-premises BPM led the market in 2015 and represented a share of over 52% in the market. This is owing to the fact that on-premises BMP is employed for large-scale workflow and process automation, as well as in a number of other applications. In addition, it also provides ownership security and accuracy owing to its integration with internal applications.
By end user, the report segments the BPMaaS market into manufacturing, BFSI, and retail. Amongst these, the use of BPM will be the highest in the BFSI sector in the forecast horizon. BPM solutions aid in the automation of various processes in financial institutions within the BFSI sector. These processes include account opening, receiving, and lending money, among others.
Moving further, the dynamics such as drivers, trends, and restraints influencing the development of the global BPMaaS market have been covered. The increasing need for business process enhancement is a key factor stimulating the growth of the market. The rising preference for hybrid cloud BPM solutions and the rising penetration of mobile BMP solutions are the major trends seen in the market. On the other hand, the lack of clarity in selecting an apt solution has emerged as a chief factor impacting the market negatively.
CSC, IBM, OpenText, Oracle, Pegasystems, SAP, Accenture, Adeptia, Adobe Systems Appian, and Capgemini, among others, are key players operating in the global BPMaaS market, as stated in this report.
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