Intelligent Business Process Management Suites (iBPMS) Market Industry Forecast 2022
The global intelligent business process management suites (ibpms) market size was valued at USD 9.3 billion in 2021 and is poised to grow at a significant CAGR of 10.8% during the forecast period 2022-28. Intelligent business process management suites (iBPMS) combine business process management (BPM) software with additional capabilities such as artificial intelligence (AI) to help companies dynamically automate more types of start-to-finish experiences. These suites are often cloud-enabled and provide low-code tools that help citizen developers create workflow solutions very quickly. The most important innovation associated with the cloud is the delivery of computing services such as servers, storage, databases, networking functionality, applications, data and analytics through the internet and on a flexible, on-demand basis
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The global intelligent business process management suites (ibpms) market segmentation:
1) By Product Type: Cloud-based, On-premises
2) By Application: Manufacturing, Retail, Finance, Government, Others
North America leads the Global Intelligent Business Process Management Suites (iBPMS) Market
Based on regional analysis, global intelligence business process management suites (iBPMS) market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global intelligence business process management suites (iBPMS) market contributed the largest share in 2021. The United States gained world leadership in a number of the technologies and industries of the "second industrial revolution "—electrical machinery, automobiles, and steel—through the development of large-scale mass production techniques. And with the help of market players they dominate the market.
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Key player’s profiles in the global intelligence business process management suites (iBPMS) market are IBM, Pegasystems, bpmbnline, K2, Oracle, PMG, TIBCO Software, Genpact, Bizagi, BP Logix, Axon Ivy, Appian, Bonitasoft, Newgen Software, AuraPortal, AgilePoint, Software AG
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