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The global Business Process Management (BPM) market size was USD 14.46 Billion in 2022 and is expected to register a rapid revenue CAGR of 19.3% during the forecast period. The market is experiencing robust growth driven by the increasing need for process automation, a surge in demand for low code systems, and continuous technological advancements in cloud computing and Big Data offerings. Automation and Technology Advancements are fueling growth, however, certain challenges such as a lack of change readiness, fragmented budget issues, and resistance to BPM from Information Technology (IT) staff are restraining the market’s growth.
