2012-09-10 18:37:15 - Global business process management to reach $7 billion
The global business process management (BPM) market has been estimated to see its market value rise from $2.6 billion in 2011, to reach approximately $7 billion by 2018.Growth comes as automation of process adapts more efficiently to collaboration between people and provides interactive process based on exception management.The global market for BPM is expected to see significant growth in the coming years as people seek to control automated process better and interact with it in a more flexible manner.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 applicationsIn the upcoming years, demand for BPM will be driven by the technology´s evolving ability to generate process documentation for ensuring compliance after processes have been analysed, modelled and established. The need to ensure that business processes comply with slated standard operating procedures and the need to document procedures to validate adherence, is leading to greater adoption of BPM.Growth within the global business process management market, in the upcoming years, will also be fuelled by cloud computing, which enables BPM solutions to be offered at affordable prices. Cloud based BPM solutions are witnessing robust gains driven by cost benefits offered, which assumes even more cutting edge importance in this new era of financially stressed timesFor more information on the global business process management market, see the latest research: Global Business Process Management Market ReportFollow us on Twitter @CandMResearch
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