Business Process Management Market size reached USD 17.3 billion in 2023. It is anticipated to reach USD 72.9 billion by 2031, registering a CAGR of 19.7% during the forecast period 2024-2031. Businesses are increasingly seeking to automate repetitive tasks to improve efficiency and productivity. By streamlining processes and optimizing workflows, businesses can respond quickly to new opportunities and challenges. This leads to increased efficiency and reduced operational costs.