Global Business Process Documentation Tools Market by Type (Cloud Based, On-premises), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Business Process Documentation Tools Market size is projected to grow from USD 1.4 billion in 2021 to USD X.X billion by 2028, at a CAGR of 8.1%. The growth is primarily driven by the increased demand for cloud-based solutions and the growing adoption of business process documentation tools among SMEs as well as large enterprises across various regions.
Business process documentation tools are software that enables users to create, share and manage business processes. The tool also helps in documenting, designing, and carrying out various processes using these documents. They help businesses improve the quality of their products or services through improved efficiency by standardizing workflows across departments within an organization. Businesses can eliminate errors while executing a process using business process documentation tools. They can also track the efficiency of each product and carry out a number of tasks like documenting, designing, and managing all processes at one place with ease which in turn reduces the time taken to complete these tasks by several hours or days.
On the basis of Type, the global business process documentation tools market is segmented into Cloud-Based and On-premises.
Cloud-Based:
Cloud-based business process documentation tools are software services that can be accessed from any device with an Internet connection. They allow users to create, edit and share documents in real-time using collaborative features. The Cloud-Based segment is further classified into SaaS, PaaS & IaaS. SaaS-based business process documentation tools are accessible anywhere, anytime. They can be accessed through a browser or any mobile device so one can carry the work with them. Since the data is stored in the cloud, all of it will never get lost even if there's an issue with one device. If other devices have cloud access, the data is easily accessible. PaaS-Based business process documentation tools are those which run on a cloud platform. This means that the service provider allows the user to use their software as a web application, and access it from any device with an internet connection. IaaS-Based business process documentation tools enable businesses to create, share and manage their processes in the cloud.
On-Premises:
On-premises business process documentation tools refer to software that is installed on the computers of a company's employees. It facilitates communication and collaboration between its users. Traditional On-premises business process documentation tools are installed on the device by IT teams. They need to be configured and maintained manually. On-premises business process documentation tools are less expensive than cloud-based solutions. On-premises processes can be used for local data storage and processing.
On the basis of Application, the global business process documentation tools market is segmented into Small and Medium Enterprises (SMEs) & Large Enterprises.
On the basis of Region, the global business process documentation tools market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America is expected to dominate the global business process documentation tools market throughout 2022-2028. The increasing demand for automation and robustness in various business processes have increased the penetration of BPDs across SMEs as well as large enterprises.
In the Latin American region, for SMEs and Large Enterprises business process documentation tools have been gaining a lot of popularity in recent years. The region has been witnessing an increased adoption rate among businesses due to rapid urbanization and digitization activities across different verticals such as banking & financial services, healthcare & life sciences, retail & consumer goods, and others.
The market size of business process documentation tools in Europe is expected to grow at a CAGR of 14.60% during the period 2017-2021. The Asia Pacific market is expected to be one of the leading markets for business process documentation tools, and it is projected to grow at a CAGR of over 13% during the forecast period. The growth in this region can mainly be attributed to factors such as a rapid increase in adoption rate across small and medium-sized enterprises (SMEs) and the growing need for efficiency and optimum utilization of resources.
Growth Factors For The Global Business Process Documentation Tools Market:
The global business process documentation tools market is anticipated to expand at a substantial CAGR for the forecast period. The growing adoption of cloud-based BPMs across various industry verticals and increasing demand from small & medium enterprises (SMEs) are some of the primary factors expected to drive growth in this market over the next few years. The rapid increase in demand for data storage solutions, including big data and analytics is another factor that drives the global business process documentation tools market.
Up Market Research published a new report titled “Business Process Documentation Tools Market research report which is segmented by Types (Cloud Based, On-premises), By Applications (SMEs, Large Enterprises), By Players/Companies Bit.ai, Pellio, Atlassian Confluence, Lucidchart, Heflo, Stepshot, Trello, Podio, Basecamp, Wrike, Eversign, Integrify, Google, Evernote, Microsoft”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Business Process Documentation Tools Market Research Report |
By Type | Cloud Based, On-premises |
By Application | SMEs, Large Enterprises |
By Companies | Bit.ai, Pellio, Atlassian Confluence, Lucidchart, Heflo, Stepshot, Trello, Podio, Basecamp, Wrike, Eversign, Integrify, Google, Evernote, Microsoft |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 201 |
Number of Tables & Figures | 141 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Business Process Documentation Tools Market Report Segments:
The market is segmented by Type Cloud Based, On-premises and By Application SMEs, Large Enterprises.
Some of the companies that are profiled in this report are:
- Bit.ai
- Pellio
- Atlassian Confluence
- Lucidchart
- Heflo
- Stepshot
- Trello
- Podio
- Basecamp
- Wrike
- Eversign
- Integrify
- Evernote
- Microsoft
Business Process Documentation Tools Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Business Process Documentation Tools Market
Overview of the regional outlook of the Business Process Documentation Tools Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Business Process Documentation Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Business Process Documentation Tools Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Cloud Based
2. On-premises
7. By Application:1. SMEs
2. Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Process Documentation Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Business Process Documentation Tools Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Process Documentation Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Process Documentation Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Process Documentation Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Process Documentation Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Process Documentation Tools Market Size & Forecast, 2018-2028
4.5.1 Business Process Documentation Tools Market Size and Y-o-Y Growth
4.5.2 Business Process Documentation Tools Market Absolute $ Opportunity
Chapter 5 Global Business Process Documentation Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Process Documentation Tools Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Process Documentation Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Process Documentation Tools Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Process Documentation Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Process Documentation Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Process Documentation Tools Analysis and Forecast
9.1 Introduction
9.2 North America Business Process Documentation Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Process Documentation Tools Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Process Documentation Tools Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Process Documentation Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Business Process Documentation Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Process Documentation Tools Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Process Documentation Tools Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Process Documentation Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Process Documentation Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Process Documentation Tools Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Process Documentation Tools Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Process Documentation Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Process Documentation Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Process Documentation Tools Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Process Documentation Tools Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Process Documentation Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Process Documentation Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Process Documentation Tools Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Process Documentation Tools Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Process Documentation Tools Market: Competitive Dashboard
14.2 Global Business Process Documentation Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bit.ai
14.3.2 Pellio
14.3.3 Atlassian Confluence
14.3.4 Lucidchart
14.3.5 Heflo
14.3.6 Stepshot
14.3.7 Trello
14.3.8 Podio
14.3.9 Basecamp
14.3.10 Wrike
14.3.11 Eversign
14.3.12 Integrify
14.3.13 Google
14.3.14 Evernote
14.3.15 Microsoft