SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

CHANNEL BY TOPICS


QUICK LINKS




Business Process Automation and Management Global Market Trends, Growth Prospects And Forecasts

TMCnews Featured Article


July 30, 2013

Business Process Automation and Management Global Market Trends, Growth Prospects And Forecasts

By Calvin Azuri, TMCnet Contributor


WinterGreen Research recently released a new study called Business Process Management (BPM), Cloud, Mobile, and Patterns: Market Shares, Strategy, and Forecasts, Worldwide, 2013 to 2019. The new 2013 study is extremely detailed and has over 595 pages, 196 tables and figures.


The major factors impacting the Business Process Management (BPM) sector include mobile computing, smart devices and cloud computing; give this shift in the trend, market leaders are working towards identifying patterns to establish an edge over competition. BPM industry is the test bed for evaluating the success of Cloud Software as a Service (SaaS (News - Alert)) for various enterprise-class solutions to better manage the business process outcomes.

Susan Eustis, lead author of the team that prepared the study reported that, "Cloud computing, mobile computing, and smart devices represent the major forces impacting business process management (BPM) markets. IBM (News - Alert) and others are leveraging patterns to gain competitive advantage in enterprise BPM markets. Managers use large BPM systems and small and mid-size businesses use the BPM cloud."

BPM software is clearly emerging as the preferred solution to seamlessly connect people across various apps. The BPM software enhances the ability to access information across various platforms and with organizations realizing the potential of automation process, the BPM software is opening up new avenues in the market.

BPM software is the strategic business platform for facilitating the growth of new solutions for effectively leveraging the benefits of automated processes. Market leaders such as IBM have enhanced its BPM software to support more and more connectivity for day to day processes. IBM BPM is re-launched with additional functionalities to allow users to seamlessly connect with users outside the business without having to navigate from the existing business process applications.

Eustis went on to say "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."

The efficiency of BPM software is evaluated by its capability for collaboration and messaging. This enables employees of an organization to collaborate seamlessly in real time when a problem occurs in order to find a solution in the least possible time, thus eliminating delays. This ensures a positive outcome enabling business to operate efficiently.

BPM Industry is expected to grow from US$ 2.8 billion in 2013 to reach US$ 8.3 billion by 2019. This growth is expected to be fuelled by more and more organizations opting for process automation across networking platforms to increase collaboration and enhance interactions based on patterns in exception management.




Edited by Peter Bernstein







Technology Marketing Corporation

2 Trap Falls Road Suite 106, Shelton, CT 06484 USA
Ph: +1-203-852-6800, 800-243-6002

General comments: [email protected].
Comments about this site: [email protected].

STAY CURRENT YOUR WAY

© 2024 Technology Marketing Corporation. All rights reserved | Privacy Policy