Business Process Applications Market Size and Forecast (by Country, IT Solution Area, Size Band and Vertical) to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Business Process Application Market Overview
The global business process application market size was valued at US$ 258.81 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 7.48% to reach US$ 371.21 billion by 2027. The cumulative revenue generation for business process application providers is estimated at US$ 1858.63 billion for 2022-2027.
Business Process Application Market Outlook, 2022-2027 (US$ Billion)
Buy the Full Report for More Insights into the Business Process Application Market Forecast
The ‘Business Process Application Market’ opportunity forecast report provides the total addressable market for business process application solutions from 2019 to 2027.
Market Size (2022) | US$ 258.81 billion |
Market Size (2027) | US$ 371.21 billion |
CAGR (2022-2027) | 7.48% |
Key Segments | · Commerce Applications
· Customer Relationship Management Applications · Enterprise Resource Planning Applications · Financial Applications · Human Resource and Payroll Applications · Office Productivity Applications · Product Lifecycle Management Applications · Supply Chain Management Applications · Vertical-Specific and Packaged Applications |
Key Regions | · North America
· South & Central America · Western Europe · Central & Eastern Europe · Middle East & Africa · Asia Pacific |
Key Verticals | · Manufacturing
· Information Technology · Retail · Retail Banking · Government · Insurance · Transport and Logistics · Healthcare · Construction · Energy · Consumer Goods · Financial Markets · Utilities · Communication · Education · Foodservice · Travel and Leisure · Media · Pharmaceuticals · Mining · Medical Devices · Others |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Business Process Application Market Segmentation by Region
The business process application market is geographically segmented into North America, South and Central America, Western Europe, Central and Eastern Europe, Middle East Africa, and the Asia Pacific.
North America dominated the business process application market with a revenue share of 34.1% in 2022. Undoubtedly, the US held the largest market share of 87.9% in this region. On the other hand, Asia Pacific and Western Europe held the second and third positions with 31.0% and 17.8% of market shares, respectively.
Business Process Application Market Share by Region, 2022 (%)
Buy the Full Report for More Geographical Insights into the Business Process Application Market
Business Process Application Market Segmentation by Vertical
Manufacturing, information technology, retail, retail banking, government, insurance, transport and logistics, healthcare, construction, and energy are a few of the key end-use industries making use of business process application in their operations. In terms of vertical end-use segments, the manufacturing sector held the highest market share of 9.4%, followed by the information technology sector.
The business process application market for the energy sector is expected to be the fastest-growing segment, recording an estimated CAGR of 9.63%, during the forecast period.
Business Process Application Market Share by Verticals, 2022 (%)
Buy the Full Report for More Insights into the Business Process Application Market Verticals
Business Process Application Market - Competitive Landscape
A few of the major players significantly impacting the business process application market are Salesforce, SAP, Microsoft Corporation, Automatic Data Processing, and Workday among others.
Leading Business Process Application Companies
Buy the Full Report for More Information on Key Business Process Application Players
Scope
This product provides revenue opportunity forecasts in the business process application market from 2019 to 2027, spanning 52 geographical markets, 6 regions, and 22 verticals.
Key Highlights
- The global business process application market is expected to grow at a CAGR of 7.48% over the forecast period.
- North America will hold the highest market share of 34.1% in the business process application market over the forecast period. Asia Pacific and Western Europe will follow with market shares of 31.0% and 19.4%, respectively. The Middle East, Africa, Central and Eastern Europe, and South and Central America together are expected to account for the remaining market share of 17.1%.
Reasons to Buy
- Access the current state and expected growth (next 5 years) of the business process application
- Determine lucrative sectors for business process application, considering their current contribution to the overall business process application market and their expected input toward the market growth over the next 5 years.
- Identify the geographies/countries that would contribute to the business process application market growth over the next 5 years.
Frequently asked questions
-
What was the business process application market size in 2022?
The business process application market size was estimated at US$ 258.81 billion in 2022 and is expected to reach US$ 275.51 billion in 2023.
-
What will the business process application market growth be by 2027?
The business process application market is expected to grow at a compound annual growth rate of 7.48% over the forecast period to reach US$ 371.21 billion by 2027.
-
Which industry vertical led the Business Process Applications market in 2022?
The manufacturing sector was the largest vertical with 9.4% market share in 2022.
-
Which region accounted for the largest business process application market share in 2022?
North America dominated the business process application market with 34.1% market share in 2022.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.