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Business Process Management Market Worth 13.52 Billion USD by 2021PUNE, India, April 18, 2016 /PRNewswire/ -- According to a new market research report, "Business Process Management Market by Solution, by Service, by Deployment Type (Cloud, On-Premises), by Organization Size (SMES, Enterprises), by Business Function, by Industry Vertical, by Region (NA, Europe, APAC, MEA, LA) - Global Forecast to 2021", published by MarketsandMarkets, the BPM Market size is estimated to grow from USD 6.96 Billion in 2016 to USD 13.52 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.2%. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 67 market data Tables and 49 Figures spread through 136 Pages and in-depth TOC on "Business Process Management Market" http://www.marketsandmarkets.com/Market-Reports/business-process-management-market-157890056.html The BPM software helps organizations to meet the standards, rules, and regulations set by the government. As the organizations need to comply with different laws and regulations, namely, labour laws, file financial reports, regulatory compliance and others, the BPM software enables the organizations to keep track of their obligations and changing rules. Furthermore, to accelerate return on investment, the enterprises are investing in new technologies and automated workflows to achieve material savings. Small and medium Enterprises (SMEs) are recognizing the effective implementation of BPM technologies and techniques toward achieving significant efficiency savings in the medium term. BPM software permits the organizations to make changes to their business processes and implement changes without disrupting the current business process. The BFSI vertical is expected to hold the largest market share The BFSI vertical has been one of the early adopters of BPM solutions. One of the main reasons for its adoption of BPM solutions is to improve business process automation as quality customer service helps in customer acquisition and retention in the banking sector. The BPM solutions can enable the banking and financial institutes to serve customers faster and more intelligently, while simultaneously driving efficiency and end to end process. The SMEs segment is expected to grow withthe highest CAGR during the forecast period The SMEs market is expected to grow with the highest CAGR, as SMEs are swiftly advancing toward BPM solutions to achieve better operational productivity, considering the lowering operational costs associated with it. Request for Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=157890056 North America is expected to contribute the largest market share, APAC to grow the fastest North America is expected to have the largest market share and would dominate the BPM Market from 2016 to 2021, due to the presence of a large number of BPM vendors. APAC offers potential growth opportunities for the BPM Market to grow as countries in APAC are investing heavily to increase their efficiency and productivity. MarketsandMarkets segments the Business Process Management Market on the basis of IT solutions, IT services, business functions, organization size, deployment types, industry verticals, and regions. The report covers regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The report also covers detailed information regarding the major factors influencing the growth of the BPM Market, such as drivers, restraints, challenges, and opportunities. Browse Related Reports:- Social Media Analytics Market by Type, Applications (Customer Segmentation & Targeting, Multichannel Campaign Management, Competitor Benchmarking, Customer Behavioral Analysis, & Marketing Measurement), Vertical, Region - Global Forecast to 2020 Analytics as a Service Market by Solutions (Financial Analytics, Risk Analytics, Customer Analytics, Marketing Analytics, Sales Analytics, Web & Social Media Analytics, Supply Chain Analytics, Network Analytics, & Others) - Global Forecast to 2020 About MarketsandMarkets MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it 
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