- Cloud Computing driving growth in business process management market
- Business Process Management is a highly fragmented market with opportunities for new and existing players
- By 2017 it is anticipated that the business process management market will reach a value of $5 billion
LONDON--(BUSINESS WIRE)-- By 2017 it is anticipated that the business process management market will reach a value of $5 billion, according to a new report on companiesandmarkets.com. The market is flourishing as organisations address the need to deploy efficient methods and processes for all aspects of their activities.
Business Process Management (BPM): A Global Strategic Business Report
Although initially challenging, the recession was ultimately advantageous for the business process management market, as companies fought to streamline and optimize their activities for the purposes of cost-reduction, control and audit. Post-recession, businesses are looking to operate in a lean manner, and are increasingly deploying BPM software and systems.
Europe and the US are the dominant regions in the business process management market, but the Asia Pacific region – India and China in particular – is anticipating accelerated growth courtesy of its growing business market. It is not just the commercial market using BPM technologies; the educational and government markets are also selecting records and document management software systems initially designed with businesses in mind.
Internet and Cloud Computing technologies are likely to propel the business process management market, thanks to their ability to provide real time, usable data and information, as well as the providing straightforward application building capabilities.
The report contains profiles of 138 key Business Process Management market players, including: Vitria Technology Inc; Adobe Systems Incorporated; Progress Software Corporation; Appian Corporation; Hewlett Packard Development Company; SAP AG; Fujitsu America Inc; TIBCO Software Inc; Global 360 Inc; Red Hat Inc; IBM Global Services; Oracle Corporation; Intalio Inc; Software AG; Metastorm Inc; Microsoft Corporation; Pegasystems Inc and Microgen plc.
The 963 page report includes a comprehensive overview of the business process management market, with historic and forecast data for 2003-2017. The report is split by the following geographies: Asia Pacific, Canada, Europe, US and Rest of World, and also discusses trends, market drivers/barriers, and other market-influencing factors.
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