DUBLIN, Nov 29, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Business Process Management (BPM) in Real Estate Market by Component (Solutions and Services), Deployment Type (On-Premises and Cloud), Region (North America, Europe, Asia-Pacific, and Middle East & Africa) - Global Forecast to 2021" report to their offering.
The business process management (BPM) in real estate market is estimated to grow from USD 429.1 Million in 2016 to USD 1,298.0 Million by 2021, at a high CAGR of 24.8% during the forecast period. Growth of the business process management in real estate market can be attributed to the increasing adoption of BPM solutions by real estate companies. BPM solutions are implemented to automate business processes and enhance operational efficiency. Furthermore, over the past decade, the advent of new technologies has radically transformed the way organizations engage with customers. Real estate organizations are adopting business process management solutions to cater to the growing demand of customers for optimizing business processes and enhancing their presence in the market. Based on component, the business process management in real estate market is divided into solutions and services. The solutions segment is projected to lead the BPM in real estate market during the forecast period. Furthermore, there has been rapid adoption of monitoring & optimizing solutions in the real estate sector. The monitoring & optimizing solutions segment of the BPM in real estate market is expected to grow at the highest CAGR during the forecast period. The services segment is anticipated to grow at the highest rate during the forecast period. High growth rate of the services segment can be attributed to the wide use of services by various enterprises to maximize efficiency of their infrastructure.