The global automotive business process management market is anticipated to be valued at USD 2,497.9 million in 2023 and is forecast to record a CAGR of 11.3% to be valued at USD 7,308.3 million from 2023 to 2033. Growth is attributed to the increasing technological advancement in the automotive sector. From 2018 to 2022, a CAGR of 9.2% was registered for the automotive BPM market.
The automotive industry has countersigned a long run of success with its ability to effortlessly adapt to changing consumer demands regarding design and technology. This has led to a high level of product development in the automotive BPM industry. High competition in the automotive market has increased the competitive pressure on businesses, forcing them to remove all delays in decision-making and business processes.
Business process management has evolved as the best solution to overcome these delays by combining two different individual activities. Business process management transforms business activity by integrating unique processes to create a new way or scope of the combined management capabilities.
Business process management provides capabilities & direction to convert complex, high lead time & high-cost operational processes into simple, less time-consuming & low-cost operational processes. Business process management contributes to achieving the real-time goals of the organization by strengthening its operating procedure.
Automotive Business Process Management Industry (From 2018 to 2022):
| Attribute | Details |
|---|---|
| Market HCAGR (From 2018 to 2022) | 9.2% |
| Market Size - 2018 | USD 1,598.4 million |
| Market Size - 2022 | USD 2,277.0 million |
automotive business process management industry (From 2023 to 2033):
| Attribute | Details |
|---|---|
| Market CAGR (From 2023 to 2033) | 11.3% |
| Market Size - 2023 | USD 2,497.9 million |
| Market Size - 2033 | USD 7,308.3 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The automotive business process management market had consistent growth from 2018 to 2022 due to rising digitization and the uptake of cutting-edge technology. Businesses concentrated on streamlining processes, increasing productivity, and improving customer experiences.
The automotive business process management industry expanded exponentially between 2023 and 2033 thanks to the rapid development of connected cars, electric mobility, and autonomous vehicle technology. As automotive businesses attempted to optimize complicated processes, integrate sophisticated systems, and guarantee smooth coordination across the whole value chain, demand for BPM solutions skyrocketed.
BPM had a crucial part in determining the future of automotive business operations at this time, which was a transformative period for the sector.
Rapidly changing customer requirements in terms of design and technology in the automotive industry have increased the necessity for services that provide solutions to drive efficiency. Moreover, reducing the production cost without compromising quality has also become essential. All this has caused the automotive industry's need and demand for business process management.
The requirement of connecting & understanding rapid change in choice, lifestyle, etc., of the end user in a short period is also expected to propel the demand for business process fusion, thus driving the automotive BPM market. Variations in the content & sequence of activity are also anticipated to drive the automotive business process management industry over the forecast period.
Principal Consultant
Although the automotive business process management market has numerous end-uses, multiple obstacles likely challenge market growth. The high initial cost of business process fusion technology is expected to be a key restraining factor in developing the automotive business process management industry over the forecast period.
A lack of knowledge about the benefits of business process fusion has led to less adoption. This factor is anticipated to be a key challenge for global market players.
| Attributes | Details |
|---|---|
| North America Market Share - 2023 | 28.10% |
| United States Market Share - 2023 | 19.20% |
| Australia Market Share - 2023 | 3.60% |
North America is the leading growing market for the automotive business process management industry. The trend is to continue owing to technological advancements in the automotive sector. North America accounts for 28.1% global automotive business process management market share.
As business process automation software increases in the United States, it positively impacts the automotive BPM market. The presence of leading market leaders in the region contributes to the significant development of the automotive business process management industry.
| Attributes | Details |
|---|---|
| Japan Market Share - 2023 | 4.30% |
| China Market CAGR (From 2023 to 2033) | 10.30% |
| India Market CAGR (From 2023 to 2033) | 13.20% |
In terms of year-on-year growth, the said market share in the Asia Pacific region is the best-performing portion, per the new market research report on the global automotive BPM market. Asia Pacific is expected to witness high growth in the global automotive business process management market because Asia Pacific is emerging as an automotive destination.
The Asia Pacific is expected to showcase considerable growth in the automotive business process management industry as many outsourcing services operate there. China and India are significantly emerging countries in the Asian region that are projected to supplement the market growth during the forecasting period.
| Attributes | Details |
|---|---|
| Europe Market Share - 2023 | 20.30% |
| Germany Market Share - 2023 | 8.20% |
| United Kingdom Market CAGR (From 2023 to 2033) | 8.20% |
As per the analysis, the European automotive BPM market is projected to witness significant growth opportunities in the forecast period. As of 2023, the region is expected to procure about 20.3% of the global market share.
Europe is expected to grow rapidly in the automotive business process management market because of the adoption of new ways of business processes & need to minimize operational time. Automotive business process management software allows companies to streamline their business to adjust to shifting market conditions. Germany and the United Kingdom emerged as undisputed leaders in the automotive business process management industry.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Category | Pricing |
|---|---|
| Leading Segment | Yearly |
| Market Share | 54.40% |
Several important elements account for the yearly price model's prevalence in the automotive BPM market. The annual pricing model is more cost-effective for automobile businesses than monthly pricing. A yearly subscription often gives companies a discounted rate, lowering overall costs.
For organizations, the yearly pricing structure offers consistency and predictability. This steadiness is especially advantageous for automotive businesses that place a high value on efficient operations and repeatable procedures.
The yearly pricing structure frequently includes further advantages and services, such as access to enhanced features or priority customer assistance. These extra benefits make the annual membership more alluring and fuel its market success.
| Category | Functions |
|---|---|
| Leading Segment | Human Resource Management (HRM) |
| Market Share | 19.70% |
Due to its crucial role in managing the workforce and guaranteeing effective operations, human resource management (HRM) currently dominates the automotive business process management (BPM) market. The different activities that are covered by HRM procedures include hiring, training, performance reviews, and employee engagement.
HRM is essential for luring, nurturing, and keeping top talent in the automotive sector because the workforce is large and diverse. Automotive firms can boost efficiency overall, streamline operations, and increase employee happiness by deploying BPM systems designed specifically for HRM tasks. Thanks to good human resource management, the right people are placed in the proper positions, contributing to HRM's dominant position in the automotive BPM market.
Adopt a Digital Transformation Mindset
Digital technology adoption is essential for the BPM market to grow. Automotive business process management manufacturers need to invest in automation, data analytics, IoT (Internet of Things), and AI for their operations to run smoothly and efficiently and gain useful insights.
Use Agile Manufacturing Techniques.
Agile manufacturing enables quick response to alterations in the market and client requirements. Automotive business process management manufacturers may effectively modify manufacturing procedures, save lead times, and improve product quality by utilizing flexible production systems.
Work Together with Technology Companies.
Creating alliances or working with BPM-focused technology suppliers can give manufacturers access to cutting-edge resources. Automotive business process management manufacturers may benefit from this relationship by utilizing industry-specific solutions, accelerating innovation, and staying one step ahead of the competition.
Keep an Eye on Market Trends and New Technologies.
The automotive business is rapidly evolving, with new technologies and fashion trends appearing frequently. Automotive business process management manufacturers must stay current on industry trends, including electric cars, driverless cars, and mobility as a service. Automotive business process management manufacturers can establish themselves as market leaders by attentively observing and embracing these developments.
Improvements to Supply Chain Management
Automotive business process management manufacturers should concentrate on streamlining the procedures in their supply chains. It is necessary to build trusting relationships with suppliers, put real-time inventory tracking systems in place, embrace lean manufacturing practices, and use data analytics to pinpoint areas that may be improved.
Elitemindz, doforttech, stereograph, and method park are some start-up companies operating in the automotive business process management business.
Some key automotive business process management players are SAP SE, Peoples Soft, Oracle, International Business Machines Corporation, Capgemini Group, Infosys Ltd., Wipro Ltd., and Larsen & Toubro Infotech.
The automotive business process management business is highly competitive due to several leading participants. While global players such as SAP SE, Peoples soft, Oracle, and International Business Machines Corporation account for a considerable market size, several regional-level players operate across key growth regions, particularly in the Asia Pacific.
New Breakthroughs and Advancements
| Company | Capgemini |
|---|---|
| Strategy | Volvo Car APEC Achieves Operational Excellence with Capgemini's Digital Solutions |
| Details | In December 2021 - Capgemini announced that it had supported Volvo Car APEC in the digital transformation of its operations through the implementation of Sales Cloud, Service Cloud, Marketing Cloud, Experience Cloud, and Configure Price Quote (CPQ) software, thereby delivering a streamlined, personalized, digital customer journey. |
The global market secured a CAGR of 9.2% between 2018 and 2022.
The United States is projecting a share of 19.20% by 2033.
The market is estimated to secure a valuation of USD 2,497.9 million in 2023.
The market is estimated to reach USD 7,308.3 million by 2033.
Small and Medium-sized enterprises holds high revenue potential.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size 5.1. Small and Medium Enterprise 5.2. Large Enterprise 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type 6.1. On-Premise 6.2. Cloud-Based 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Pricing 7.1. Monthly 7.2. Yearly 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Functions 8.1. Human Resource Management (HRM) 8.2. Procurement and Supply Chain Management (SCM) 8.3. Sales and Marketing 8.4. Accounting and Finance 8.5. Customer Service Support 8.6. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. SAP SE 19.2. Peoples soft 19.3. Oracle 19.4. International Business Machines Corporation 19.5. Capgemini Group 19.6. Infosys ltd. 19.7. Wipro ltd. 19.8. Larsen & Toubro Infotech 19.9. Doforttech 19.10. Steepgraph 19.11. IBM 20. Assumptions & Acronyms Used 21. Research Methodology
Explore Technology Insights
View Reports
Automotive Business Process Management Market
