Business Process Management Market Segmentation:
Solution
A market share of about 37% is predicted for the process automation segment in 2035. The rise of Artificial Intelligence (AI) and Machine Learning (ML) technologies has enabled businesses to automate processes, resulting in improved efficiency and cost savings. The automated processes help in increasing overall productivity. 90% of SMBs perform repetitive, time-consuming tasks, and automation has increased productivity for 66% of knowledge workers. It also provides features such as workflow automation, analytics, and reporting, which help improve customer experience and increase the accuracy and speed of operations.
Deployment
By 2035, the cloud segment in the business process management market is projected to hold an revenue share of about 54%. Increasing demand for cloud-based business process management solutions from companies of various sizes due to the cost-effectiveness, scalability, and flexibility they offer. Additionally, cloud-based solutions offer features such as real-time analytics, data security, and mobility which further boosts their adoption by businesses. They also enable businesses to quickly develop and deploy applications and services, as well as to access large datasets without the need to manage large IT infrastructure
Our in-depth analysis of the global market includes the following segments:
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Deployment |
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Solution |
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End User |
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