North American Market Forecast
North America business process management market is expected to reach 32% by 2037. Additionally, the region's market is expected to grow due to the rise of specialized solutions in the fields of robotics process automation (RPA), big data, and machine learning (ML). The presence of major companies in North America, combined with the rapid adoption of the latest technology, has enabled the region to become a hub for business process management. In the United States, there were an estimated 3.83 million small businesses by 2020, and by 2026, 126251 companies employing between 100 and 499 people will be established.
APAC Market Analysis
By 2037, the Asia Pacific business process management market is estimated to reach a share of about 28%. A growing need for operational efficiency, increased automation of back-office activities, and an increase in cloud computing services in the region have boosted the adoption of business process management. By 2026, cloud computing in India is estimated to contribute to 8% of the country's GDP. Additionally, the increased availability of high-speed internet services has enabled businesses to access cloud-based services without having to invest in infrastructure.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?