Business Process Management Market is estimated to be US$ 13.58 billion by 2030 with a CAGR of 8.4% during the forecast period prophecymarketinsights.com

Business process management is a management practice which emphasizes the management, control, and continuous improvement of business processes. Various methods such as discover, model, analyze, measure, improve, optimize, and automate business processes involved in business process management to improve the corporate performance. Business process management is tool simplifies the way user’s day-to-day operations for maximum speed and efficiency. Growing adoption of automated services by large scaled enterprises in order to improve efficiency and to streamline their business functions is factor driving growth of the global business process management market. In addition, increasing adoption of cloud-based services and big-data tools is another factor that fuels growth of the target market. However, initial cost of business process management software is restraining growth of the global business process management market.