Business Process Application (BPA) Market Size (by Technology, Geography, Sector and Size Band), Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast, 2021-2026

Business Process Application (BPA) Market Report Overview

The business process application (BPA) market size was valued at $244.1 billion in 2021. The market is expected to grow at a CAGR of more than 4% during the forecast period (2021-2026). The need among enterprises to streamline and integrate their systems and business processes that run all phases of their operations, ensuring efficient flow of information in real-time and coordination of work across their organization, is driving the adoption of business process applications.

BPA Market Outlook 2021-2026 ($billions)

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The business process application market research report provides an executive-level overview of the current BPA market worldwide, with detailed forecasts of key indicators up to 2026. Published annually, the BPA market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key BPA market trends as well as the technological developments that are shaping the BPA landscape.

BPA Market Segmentation by Product

The BPA market can be categorized by product types into vertical-specific and packaged applications, customer relationship management applications, office productivity applications, supply chain management applications, commerce applications, enterprise resource planning applications, financial applications, product lifecycle management applications, and human resource and payroll applications.

BPA Market Analysis by Product, 2021 (%)

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Vertical-Specific and Packaged Applications Represents the Largest Contributor to the Total BPA Market Value

Vertical-specific and packaged applications is the largest revenue generating category for the overall BPA market with its share of total revenue estimated at $110.7 billion in 2021. Different businesses have different IT needs. For example, an automobile manufacturer apart from using generic ERP and supply chain software would also require applications computer aided design (CAD) software which improves its core manufacturing process. Similarly, a logistics operator would require GPS-enabled software to track its fleet. As businesses aim for efficiency in their core operations, there is a consequent demand for sector/vertical specific which are often customized according to an enterprise’s needs.

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BPA Market Segmentation by Vertical

The BFSI sector is the largest end-use market for BPA. The report analyses the global BPA market across several industry verticals including:

• BFSI
• Manufacturing
• Information Technology
• Retail
• Energy

BPA Market Share by Vertical, 2021 (%)

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BPA Market Segmentation by Regions

The BPA market forecast report also analyses the BPA market across six regions:

• North America
• Asia Pacific
• Western Europe
• Middle East & Africa
• Central & Eastern Europe
• South & Central America

  BPA Market Share by Region, 2021 (%)

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According to the GlobalData’s analysis, North America is the leading regional market with revenue estimated at $71.3 billion for 2021 and will grow at a CAGR greater than 4% over the forecast period. Increasing emphasis on establishing a customer centric approach across an organization and growing focus on optimal utilization of resources along with reducing operational cost are some of the chief contributing factors driving the market for enterprise applications across North America. In addition, as enterprises shift towards digital transformation and migration to cloud-native environments also provides immense growth opportunities for adoption of enterprise applications, thereby driving the regional BPA market growth.

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BPA Market – Drivers, Trends and Challenges

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BPA Market - Competitive Landscape

The BPA vendor landscape is dominated by prominent international players such as Microsoft, Oracle, SAP, Salesforce, and Intuit.

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Scope

The market intelligence report provides an in-depth analysis of the following –

• BPA market outlook by product/service type: analysis as well as historical figures and forecasts of revenue opportunities from the BPA product/service type.
• BPA market outlook by enterprise size band: analysis as well as historical figures and forecasts of revenue opportunities from the enterprise size band perspective.
• BPA market outlook by regions: analysis as well as historical figures and forecasts of revenue opportunities from regional perspective.
• BPA market outlook by revenue opportunity: analysis as well as historical figures and forecasts of revenue opportunities from regional perspective.
• The vendor landscape: an examination of the positioning of leading players in the BPA market.
• Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of global BPA, BPA solution providers, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in global BPA market.
• The report also highlights key product types (Vertical-Specific and Packaged Applications, Customer Relationship Management Applications, Office Productivity Applications, Supply Chain Management Applications, Commerce Applications, Enterprise Resource Planning Applications, Financial Applications, Product Lifecycle Management Applications, and Human Resource and Payroll Applications), vertical industries (BFSI, Manufacturing, Information Technology, Retail and Energy etc.), enterprise size band (Micro, Small, Medium, Large, and Very Large) and key regions (North America, Asia Pacific, Western Europe, Middle East and Africa, Central and Eastern Europe, and South and Central America)
• With charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in global BPA market.
• The broad perspective of the report coupled with comprehensive, actionable detail will help hardware vendors and service providers, and other players succeed in the growing BPA market worldwide.