The Europe Business Process Management Market would witness market growth of 18.9% CAGR during the forecast period (2022-2028).
The increasing relevance of customer experience (CX) is bringing more changes to how a BPM works. Conventionally, most companies focused on improving their front-end operations, like sales and customer service, while optimization of back-end operations was considered less. With the broadening adoption of digitalization, it has become essential for both the front-end and the back-end operations to be optimized for increased efficiency.
Unorganized back-end processes have an adverse impact on customer service and employee productivity. Therefore, BPM processes help in efficiently adapting and enrolling digitalization to increase the profitability of each operation for which they are employed. Digitalization has become a fundamental part of growth and development for any company, irrespective of the industry they belong.
Organizations are able to redesign their operations by incorporating digital technologies that aid in the successful addressing of challenges. Through BPM, organizations can reform their back and front office operations. The realization that all front-office functions are useless without the support of efficient back-office operations is mainly driving the adoption of BPM.
The European region has always stayed ahead in automation. Many regional industries have already employed innovative technologies to improve the speed and accuracy of various processes. It also has a high adoption rate of industrialization and, subsequently, of BPM solutions. Regional conferences like Business Process Management Conference Europe take place annually to accelerate the implementation of BPM, which aim to guide many industries in accommodating solutions like Business Architecture, BPM, and Enterprise architecture.
The Germany market dominated the Europe Business Process Management Market by Country in 2021; thereby, achieving a market value of $2,650.1 million by 2028. The UK market is anticipated to grow at a CAGR of 17.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 19.8% during (2022 - 2028).
Based on Business Function, the market is segmented into Accounting & Finance, Sales & Marketing, Procurement & Supply Chain Management, Human Resource Management, Customer Service Support and Others. Based on Vertical, the market is segmented into IT, BFSI, Telecom, Retail & eCommerce, Government & Defense, Healthcare & Life Sciences, Manufacturing and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is Automation & Process Modelling, Content & Document Management, Monitoring & Optimization, Integration and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Business Process Management Market will Hit $40.6 Billion by 2028, at a CAGR of 19.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Pegasystems, Inc., Oracle Corporation, Software AG, Tibco Software, Inc. (Vista Equity Partners), Genpact Limited, Newgen Software Technologies Limited, Nintex, Inc., Appian Corporation, OpenText Corporation.
By Business Function
By Vertical
By Deployment Mode
By Organization Size
By Component
By Country
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