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The integration of BPM programs with the Internet of Thing (IoT) systems, in confluence with the rising trend of automation, represents one of the major factors propelling the global business process management market growth. These solutions aid firms in recording and analyzing significant amounts of data for efficient decision making. Furthermore, organizations nowadays are focusing on improving their productivity, cost-efficiency, data security and risk management, which is expected to boost the overall sales of BPM solutions across the globe.
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Insights on Market Segmentation:
Breakup by Deployment Type
1. On-Premises
2. Cloud
Breakup by Application
1. IT Solution
2. IT Service
Breakup by Business Function
1. Human Resource
2. Accounting and Finance
3. Sales and Marketing
4. Manufacturing
5. Supply Chain Management
6. Operation and Support
7. Others
Breakup by Organization Size
1. SMEs
2. Large Enterprises
Breakup by Vertical
1. Government & Defense
2. BFSI
3. IT & Telecom
4. Healthcare
5. Retail
6. Manufacturing
7. Others
Breakup by Region
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Adobe Systems Inc., Appian Corporation, Fabasoft AG, Hewlett-Packard, IBM Corporation, Microsoft Corporation, OpenText Corporation, Oracle Corporation, Pegasystems Inc., Red Hat Software, SAP SE, Software AG, TIBCO Software, Ultimus Inc., etc.
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