Companiesandmarkets.com

BPM market to achieve significant growth

Press Release   •   Jul 24, 2013 11:55 BST

The BPM market (Business Process Management) has been forecast to hit a total value of $8.3 billion by the end of 2019, increasing from a valuation of approximately $2.8 billion at the beginning of 2013.

Key factors set to drive growth within the market include the increased adoption of more efficiently ways to collaboration between people and provide an interactive process based on exception management.

BPM software is achieving the ability to connect people across applications within the siloed lines of business software capability. As enterprises realise that automation of process is key to market growth BPM is creating new market opportunities.

The global industry is poised to achieve significant growth. As people move to cloud computing and use their smart phones and tablets to access apps, exception management of business process becomes a significant aspect of doing business. Patterns are being used to control automated process better and interact with it in a more flexible manner.

Cloud computing, mobile computing, and smart devices represent the major forces impacting business process management (BPM) markets.

Using BPM as a regulatory tool is especially important in light of the challenges presented by cloud computing, mobility and social media.

When information is crossing organisational barriers and flowing between such diverse technological environments, it can be extremely difficult to identify where information is at any time and ensure it is available and secure. A significant level of transparency is needed to provide insight into these background operations.

IBM and others are leveraging patterns to gain competitive advantage in enterprise BPM markets. Managers use large BPM systems and small and mid-size business use the BPM cloud.

IBM gained two points of market share in BPM platforms as WebSphere extended its functionality to encompass cloud and more of the process interactions that occur on an everyday basis in an enterprise. IBM is positioning to let people connect across the lines of business from within the business process applications.

For more information on the BPM market, see the latest research: BPM Market

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.