Business process management, BPM, aims to reorganize company processes with respect to company’s goals and strategies. BPM can be achieved through a BPM software or with a process intelligence tool, such as process mining.
In that regard, BPM statistics show that BPM can help business leaders and analysts manage their operations effectively, improve their products and service, facilitate new employee onboarding and ensure cross-departmental communication and collaboration.
Therefore, to prove the benefits of BPM for early adopters, and remind late adopters to jump on board, we list 21 BMP statistics considering the market size, business adoption, benefits and challenges.
Market size and forecast
- The global BPM market is expected to grow by 10.5 %, reaching $14.4 billion in 2025 (See Figure 1).
- 73 % of firms state that their organization’s interest in BPM has increased.
- 70% of business executives believe that BPM projects helped them achieve their goals.
- In BPM initiatives, only 39% of the businesses have invested in developing an enterprise process architecture, which defines the structure and operations in an organization.
Funding of vendors
Below we shared brief funding information for some of the leading vendors. The vendors are listed in alphabetical order except for the sponsor, IBM.
- IBM acquired MyInvenio, a process mining, task mining, and Digital Twin of an Organization vendor in 2021.
- Process street raised $15.2M over 5 rounds in 2020.
Explore more data-driven insights on process mining and RPA by reading:
- 20 Process Mining Statistics: Market Size & Adoption
- 50 RPA Statistics from Surveys: Market, Adoption & Future
Check out comprehensive and constantly updated list of process mining case studies to find out process mining real-life examples.
If you have more questions, we are always here to help you:
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