LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global business process management (BPM) training market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio analysts, the global business process management training market will grow at a CAGR of close to 12% during the forecast period. The constant need for BPM is a major factor driving the market’s growth.
BPM systems are important to create efficient organization processes. BPM software assists the organizations in defining the steps required to carry out business tasks, mapping these definitions to existing processes, and then streamlining these processes. The necessity to be competitive and embrace newer modern technologies has led many organizations to impart training to their employees.
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The three emerging market trends driving the global business process management training market according to Technavio research analysts are:
- Increased emphasis on BPM analytics
- Increasing popularity of Lean Six Sigma training
- Growing demand from developing countries
Increased emphasis on BPM analytics
The inclusion of big data and analytics have brought about enormous changes in the ways organizations operate and provide training to their employees. The implementation of various learning technologies by corporates has necessitated the deployment of analytics. This, along with the increasing adoption of online training methods in workplaces, produces substantial amounts of data about customer feedback, types of courses undertaken, and difficulties faced in understanding the training material.
Furthermore, the deployment of BPM software generates a massive amount of data, which can be used for process optimization and performance improvement. BPM analytics is widely used for decision making, optimization of internal operations, and monitoring the performance of the process.
“Organizations can extract and analyze the data with the help of learning analytics tools. Companies can also use the technology to monitor the learning activities of their employees. It can be used to track the progress of learners and evaluate their performance. As a result, many employers are hiring employees with considerate knowledge of analytics,” says a senior analyst at Technavio for research on K12 and higher education.
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Global business process management training market segmentation
This market research report segments the global business process management training market into the following two segments based on course type (corporate courses and general courses), two segments based on learning method (blended learning and online learning), and three major regions (the Americas, APAC, and EMEA).
The global BPM training market was dominated by the Americas in 2017, that accounted for a significant share of more than 45%. EMEA followed with a market share of close to 29%, and the APAC contributed to more than 26% market share in 2017. Both the Americas and the European region in EMEA follow similar trends in terms of the use of modern technologies and infrastructure improvements. But, the market is gaining importance in APAC and MEA. This is attributed to the growing emphasis on the digitization of education and various government initiatives to mainstream the adoption of BPM solutions.
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