Global Automotive BPM Market Insights Covering Market
Dynamics and Competitive Scenario through 2027
With growing competition in the automotive business, there has been a need
for adoption of automation in business processes. The increasing adoption
and inclination towards automation in the business is expected to boost the
growth of the automotive BPM market. The emergence of advanced
technology such as cloud computing and big data provide better efficiency in
the business which is expected to boost the growth of the automotive BPM
market with a CAGR of 13% over the period 2016-2024. Further, reduction
in the production cost without compromising with the quality with the help
of BPM, improved customer satisfaction level is expected to boost the growth
of the automotive BPM market.
The automotive BPM market is segmented by component, functionality,
deployment mode & organization size, out of which, the large organization
segment is anticipated to have leading significant growth on the back of the
believe that the automation of the business processes can help generate more
revenue and increased customer satisfaction level. Further, the large
organization segment is estimated to achieve Y-o-Y growth rate of around
13% till 2024.
Based on region, the automotive BPM market is segmented into five major
regions including North America, Europe, Asia Pacific, Latin America and
Middle East & Africa region.
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