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Global BPM market: $8.3 billion industry forecast by 2019

Press Release   •   Jul 24, 2013 09:40 BST

The global BPM market (Business Process Management) is estimated to have reached a value of around $2.8 billion at the beginning of 2013, and is forecast to grow to a value of $8.3 billion by the end of 2019. Key drivers of growth in this industry include the increased adoption of more efficiently ways to collaboration between people and provide an interactive process based on exception management.

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. 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.

BPM is evolving cloud SaaS for business applications to accomplish work. The opportunity to implement apps that make automated process more responsive to the needs of customers, partners, suppliers, and distributors, people use business process management (BPM) as the need for automation tools to help workers is upon all of us.

Business process management software is achieving the ability to connect people across applications. Within the siloed lines of business BPM software capability extends the reach of everyone, it extends the access to information needed to do a job. As enterprises realize that automation of process is key to market growth BPM is creating new market opportunities.

For more information on the Global BPM market, please click here: Global BPM market

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