These solutions are helping them in enhancing otherwise complex processes, such as extended value of core healthcare systems, improved revenue cycle management, and refined quality of service delivery. This growth is attributable to the rising deployment of innovative business solutions in multiple healthcare organizations. Out of these, the healthcare segment procured 16.1% in terms of business process management market in 2018. Healthcare Segment to Grow Rapidly Stoked by Increasing Adoption of BPM Solutionsīased on industry, the market can be categorized into manufacturing, healthcare, IT and telecom, BFSI, and others. However, lack of awareness regarding the availability of such advanced solutions may obstruct market growth. In the banking sector, for instance, BPM solutions equipped with AI are used the most in order to simplify processes, namely, report generation, document generation, contract management, and sales analysis. Owing to this, it is further embedding numerous enriched processes, such as internet of things (IoT), business activity monitoring, cloud capabilities, message-oriented middleware, and others. BPM platforms are therefore, evolving persistently. It is done by integrating AI with BPM software solutions and cloud capabilities. In today’s technology-driven world, the introduction to artificial intelligence (AI) is supporting the creation of intelligent business process management systems in several reputed organizations. High Utilization of AI-equipped BPM Solutions to Boost Growth What are the major opportunities and challenges that this market may come across in the near future? What are the segments that this market consists of? Which region is likely to dominate in terms of revenue during the forecast period? How many companies are expected to generate high share in the market? What are the business process management software market trends, growth drivers, and barriers? This Report Answers the Following Questions: To get the short-term and long-term impact of COVID-19 on this Market. This information is given by Fortune Business Insights™ in a recent report, titled, “ Business Process Management (BPM) Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment Type (On-Premise, Cloud), By Enterprise Size (Large Enterprises, SME’s), By Functionality (Accounting & Finance, Sales & Marketing, Human Resource, Supply Chain Management, Operation & Support), By Industry (BFSI, IT & Telecom, Healthcare, Manufacturing, Others) and Regional Forecast, 2019-2026.” The report further mentions that the BPM market size stood at USD 8.63 billion in 2018 and is projected to reach USD 21.41 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period. They aid in achieving better availability as per the subscriber’s choice, are cost-effective, and provide more efficiency. 15, 2020 (GLOBE NEWSWIRE) - The global business process management market is anticipated to gain traction from the emergence of cloud-based business applications. Key Companies Covered in Business Process Management Market Research Report Are Appian Corporation, IBM Corporation, Kissflow, Laserfiche, BP Logix, Inc., Fujitsu Ltd., Infosys Ltd., SourceCode Technology Holdings, Inc., Ninox, Nintex Platform, Opentext, Inc., Oracle Corporation, Pegasystems, Inc., ProcessMaker., Quick Base, Red Hat, Inc., Scoro Software, Software AG, Tibco Software, Ultimus, Inc., SS&C Technologies, Inc.
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