Business Process Management Market Trends

Growth Drivers

Incorporation Of Digital Technologies Into Businesses - Digital technologies such as robotic process automation (RPA), and the Internet of Things (IoT) are transforming businesses by increasing efficiency and reducing costs. Incorporating these technologies can help businesses to streamline their processes, increase their capabilities, and reduce their overall operating costs. Digitalization is a priority for 88% of senior business leaders worldwide and 90% of businesses worldwide use some form of digital technology. More than 87 percent of companies have adopted a digital-first strategy or are in the process of adopting one.
Globally Increasing Government Spending On Digitalizing Healthcare - Governments are investing heavily in digital health solutions, such as telemedicine and electronic health records, to improve patient care and reduce costs. A USD 150 million investment was announced by the Tasmanian Liberal Government in May 2022 to upgrade the state's digital health infrastructure. As a result, healthcare providers are now making greater use of digital technologies to manage their business processes, such as scheduling appointments and billing.
Artificial Intelligence's Increasing Role In Business Workflows - AI is being utilized in many aspects of business operations, such as customer service, marketing, and analytics. By leveraging artificial intelligence, businesses gain valuable insights into customer behavior and tailor services accordingly. The percentage of organizations that use artificial intelligence in their business has grown to over 35% by 2022. AI continues to be an ongoing investment for 90 percent of top businesses surveyed.

Challenges

Limited innovations due to highly rigid framework – With this rigid framework, there is heavy regulation, and this makes the businesses unable to develop new processes and technologies that can help them increase efficiency and reduce overall costs. In addition, the cost of implementing these new processes and technologies can be prohibitively expensive, further limiting innovation.
Incompatibility with existing systems
Inadequate coordination across the organization

Business Process Management Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	11.1%
Base Year Market Size (2024)	USD 18.89 billion
Forecast Year Market Size (2037)	USD 65.48 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of business process management is estimated at USD 20.58 billion.

The business process management market size was valued at USD 18.89 billion in 2024 and is expected to cross USD 65.48 billion by the end of 2037, expanding at more than 11.1% CAGR during the forecast period i.e., between 2025-2037. Growing demand for digital transformation, increasing need for process automation, and the need to reduce operational costs will impel the market growth.

Asia Pacific industry is estimated to reach a revenue share of about 28% by 2037, impelled by the rising need for operational efficiency, increased automation of back-office activities, and an increase in cloud computing services in the region

The major players in the market include IBM Corporation, Accenture, iGrafx, LLC, Appian Corporation, BP Logix, Inc., SAP SE, Oracle, Open Text Corporation, Pegasystems Inc., Tata Consultancy Services Limited.

Business Process Management Market Trends