The global business process management services (BPM services) market is estimated to record significant growth in the near future, attributed to the rising need for business process automation with improved accuracy & efficiency, and improve return on investments for organizations. Further, increasing adoption by small and medium enterprises (SMEs) and rising demand from the end-user industries expected to fuel the market growth during the forecasted period.This growth is primarily driven by Growing Focus on Business Process Automation and Rising Adoption for Improved Efficiency and Accuracy.
Globally, a noticeable market trend is evident Technological Advancement in the BPM Services. Major Players, such as Appian Corp. (United States), BP Logix Inc. (United States), Creatio (United States), International Business Machines Corp. (United States), OpenText Corp. (Canada), Oracle Corp. (United States), Pega Systems Inc. (United States), SAP SE (Germany), Software AG (Germany) and TIBCO Software Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growing Focus on Business Process Automation
- Rising Adoption for Improved Efficiency and Accuracy
- Technological Advancement in the BPM Services
- Resistance of Middle Management among Enterprises to Adopt BPM Services
Increasing Adoption by SMEs and Rising Demand from the End User Industries
Lack of Awareness in Emerging Economies
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