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Shape strategic responses through the phases of industry recovery

NEW YORK, April 13, 2021 /PRNewswire/ —

The business process management as a service (BPMaas) market is expected to grow by USD 19.56 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the business process management as a service (BPMaas) market in optimistic, probable, and pessimistic forecast scenarios.

Enterprises will go through the Response, Recovery, and Renew phases.  Download a Free Sample Report

The business process management as a service (BPMaas) market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choices  for individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure

Key Considerations for Market Forecast:

Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
Related Report on Information Technology Include:

Global Artificial Intelligence-as-a-Service (AIaaS) Market – Global artificial intelligence-as-a-service market is segmented by end-user (retail and healthcare, BFSI, telecommunications, government and defense, and others) and geography (North America, APAC, Europe, South America, and MEA).

Global Backup-as-a-service Market – Global backup-as-a-service market is segmented by application (online backup and cloud backup) and geography (North America, APAC, Europe, MEA, and South America). 

Major Three Business Process Management-as-a-Service (BPMaaS) Market Participants:

Accenture Plc.The company offers business process management solution suite proven to optimize the workflow.

Appian Corp.The company offers Business Process Management Suite covering the Four Aspects of BPM in a Circle – Design, Execute, Optimize, and Manage.

BP Logix Inc.The company offers the business process solution suite with AI decision making.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a free sample report for a detailed market share analysis of market participants during COVID-19 lockdown: 

Business Process Management-as-a-service (BPMaaS) Market 2021-2025: Segmentation

Business process management-as-a-service (BPMaas) market is segmented as below:

End-user
BFSI
Manufacturing
Retail
Others
Deployment
On-premises
Cloud-based
Geography
North America
Europe
APAC
South America
MEA
The business process management as a service (BPMaas) market is driven by increasing demand for process automation. In addition, the emergence of intelligent BPM solutions is expected to trigger the business process management as a service (BPMaas) market toward witnessing a CAGR of about 28% during the forecast period.

Get more insights into the global trends impacting the future of the business process management as a service (BPMaas) market

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario
About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio Research Jesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.com Website: www.technavio.com/ Report: www.technavio.com/report/business-process-management-as-a-service-market-industry-analysis

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SOURCE Technavio