BPM Software Market Insights Video

According to Cognitive Market Research, the global Business Process Management - BPM Software market size was USD 16814.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 6725.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5044.35 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3867.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 840.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 336.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
• The Automation category is the fastest-growing segment of the Business Process Management - BPM Software industry