ProcessMaker Strengths, Domain Expertise, and Key Differentiators
ProcessMaker is specializing primarily in developing and marketing enterprise business process management (BPM) software. The company also provides customer support, training, and professional services to larger enterprise customers that require highly customized solutions. The company’s flagship Low-Code BPM product is known for its ease of use and ability for deep customization.
ProcessMaker Recent Developments
In 2020 ProcessMaker unveiled its largest major platform release yet. Their new platform is a low-code intelligent business process management system (iBPMs) that empowers citizen developers and IT to build workflows that solve complex problems with minimal technical effort. iBPMs represent the next evolution of workflow and business process management so ProcessMaker is strategically aligning itself to compete in a BPM market that is increasingly focusing on its ability to enhance workflows by connecting to multiple third-party systems, adding further intelligence and automation to processes. The company’s new platform is available as an open-source product on GitHub although ProcessMaker does offer an enterprise flavor of their platform where enterprise functionality is deployed on top of their core solution.
ProcessMaker’s new, intelligent BPM platform for companies and enterprises that want to get ahead and stay ahead orchestrates both people and software to build strong, future-proof companies to outlast the competition and become engines for innovation. Business users and developers alike can use the most cutting-edge workflow automation tools to digitally transform any business for success. ProcessMaker builds on popular BPM features and contains new, elegant features to provide the most powerful platform yet.
ProcessMaker Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ProcessMaker applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ProcessMaker and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ProcessMaker BPM customers.
Ownership: - x
Number of Employees: 200
Key Verticals: Banking and Financial Services, Communication, Consumer Packaged Goods, Distribution, K163, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail,
ProcessMaker Key Enterprise and Cloud Applications
ProcessMaker Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ProcessMaker Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
ProcessMaker Enterprise Applications Revenues By Functional Markets, $M:
ProcessMaker Enterprise Applications Revenues By Verticals, $M:
ProcessMaker Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
ProcessMaker Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
ProcessMaker Customers - Breakdown by Geo, Size, Vertical and Product
No. of ProcessMaker Customers: 350
No. of ProcessMaker Enterprise Applications Customers: x
No. of ProcessMaker Cloud Customers: x
No. of ProcessMaker Cloud Subscribers: x
Among its customers are Adecco Colombia, Access Bank, P2 Energy, Valeo, Tulsa Community College, Telefonica, California Resources Corporation, Maury, Donelly & Parr, Inc., Co-Operative Band of Kenya, Invex Banco, StoneGate Senior Living, United Bank of Africa, Banregio, GTBank, Global Environmental Solutions, Inc., Renaissance Construction, Peruvian Ministry of Housing, Adecco Group, Lenovo, Marinter and many others.
ProcessMaker Market Opportunities, M&A and Geo Expansions
In February 2021 ProcessMaker has closed $45 million in Series A funding from Aldrich Capital Partners. The financing marks the first outside investment for the previously bootstrapped Durham-based technology company.
“This investment and partnership with Aldrich Capital mark a significant milestone for ProcessMaker, and I am very proud and excited for our team. Moving forward with Brian’s continued leadership combined with the experience and resources of ACP, our growth prospects could not be brighter,” said ProcessMaker co-founder Bobby Vernon.
The global process automation market is expected to reach nearly $17 billion by 2023 with a CAGR of 5.8% according to a recent report. The investment from Aldrich Capital will allow ProcessMaker to continue to invest in its market-leading digital process automation platform and build out its presence in community banking, higher education, and manufacturing.
ProcessMaker Risks and Challenges
It would be challenging to align the corporate strategy and goals in different offices worldwide.
ProcessMaker Ecosystem, Partners, Resellers and SI
In August 2021 ProcessMaker and Gnosis, a consulting and analytics firm based in Cyprus, announced a partnership to take Process Maker’s leading digital process automation platform to the Greece, Cyprus, and South European markets. This partnership will develop resources and skills localized in the region, addressing the growing number of requirements surging as an outcome of the momentum generated by investments from the public and private sectors.
In April 2021 ProcessMaker and Auty, a consulting firm based in Costa Rica formed a partnership to take ProcessMaker’s leading digital process automation platform to the Costa Rican and Central American markets. This partnership will develop resources and skills localized in the region, addressing the growing number of requirements surging as an outcome of the momentum generated by investments from the public and private sectors.
ProcessMaker Cloud Infrastructure Insights
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- ProcessMaker Public Cloud and Infrastructure (IaaS)
- ProcessMaker Platform (PaaS)
- ProcessMaker Application Delivery
- ProcessMaker Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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