PRWeb – Tue, Apr 10, 2012
GIA announces the release of a comprehensive global report on Business Process Management market. Global market for Business Process Management (BPM) is projected to reach US$5.3 billion by the year 2017. Growth to a large extent will be driven by advanced case management needs such as, process compliance and continuous process optimization and to a lesser extent by traditional growth factors like process effectiveness, optimization and efficiencies.
San Jose, California (PRWEB) April 10, 2012
– Business Process Management (BPM) is a field that combines technology and management to align organizations with the needs and wants of the clients. Also referred to as a discipline for management of business processes as strategic assets, BPM is a comprehensive management approach that aims for technological integration, flexibility and innovation, while promoting business efficiency and effectiveness. BPM is also known as “process optimization”, as the objective of BPM is the continual improvement of business processes. Under the business-led discovery adoption scenario, BPM has been used widely to understand and optimize business operations from a process-centric perspective.
In 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 analyzed modeled 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. The ability of BPM, in this regard, to document processes, identify irregularities and simplify changes in standard processes remains pivotal to the technology’s success in the marketplace. As companies realize the importance of organizational agility, its opportunities galore for BPM. Tightening regulations and the ensuing need to eliminate compliance violation will additionally help push growth further. Given that adoption of BPM is now mature and widespread for efficiency focused initiatives with most companies having already completed the initial analysis of business processes targeted at achieving efficacy, efficiency and strategic value of critical business processes in various scenarios, process compliance currently represents the emerging demand driver.
Another noteworthy trend is the growing importance and popularity of Mobile BPM, against a backdrop of an increasingly mobile corporate world. With business organizations expanding beyond regional boundaries, workforce mobility has increased substantially in recent times. Also, with organizations encouraging the work-from-home option in order to cut costs and to retain their employees, the number of teleworkers or employees working from a remote location has only increased further. With mobile/remote workers always required to stay in touch with corporate headquarters, and carry out functions such as making sales transactions, passing sales or purchase orders, and reporting productivity even while away from the office, a new wave of enterprise mobility has come into shape, with organizations allowing mobile employees to access company’s resources through remote access points using their personal communication devices such as laptops or smartphones. Against this backdrop, a new generation of BPM solutions designed to enable process participants to both initiate and participate in business processes via smartphones, is rapidly gaining in popularity. The ability of companies to keep employees connected with enterprise processes, while on the move, is now critical to success in a fiercely competitive and rapidly changing marketplace. Mobile BPM is poised to emerge into the greatest beneficiary of this very basic corporate need in a modern networked world.
Growth for BPM, 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 times. Easy scalability, pay-per use facility, reduced upfront costs, elasticity and flexibility, represent few of the hard to ignore benefits offered by cloud based BPM solutions. Human-centric BPM is another emerging trend in the BPM market. Human-centric BPM connects people and data with each other. Some instances of human-centric BPM include Change Request Management, Expense Management, and Project/Product Lifecycle Management. Conventional BPM is basically transaction based, connecting data between systems, with limited human interaction. However, the Human-centric BPM overcomes hindrances and enables companies to gain efficiency by reducing cost and focusing on simplification and automation of manual processes. Human-centric BPM integrates manual processes by connecting data sources and linking them with workflow after automation, by using web services technologies, APIs and SOA.
Interestingly, the economic troubles engulfing the developed world, the United States and Europe, has heightened the strategic focus on business optimization. While the national debt in the United States reaches a symbolic high, almost equaling the value of goods and services produced in the economy, in Europe the strength of the Euro as a common currency remains threatened, as Greece continues to tither precariously at the edge of a debt default precipice. Against this backdrop, consumers and companies have and will continue to feel the economic pressure. With widening deficits comes forced austerity, higher taxes and the accompanying spending pressures and increase in funding costs will create fiscal pain for the corporate sector. Even in the event of the European Union successfully resolving the euro area debt crisis, slower and rather anemic growth will continue to haunt the region even into the future, primarily because the euro crisis in reality masks a deeper financial and economic malaise built through years of unsustainable fiscal policies adopted by profligate governments in the euro zone. As companies and enterprises in all industrial sectors brace themselves for times of scarce financial resources, business optimization tools, solutions and services like BPM stand optimally positioned to benefit. In others words, banks with their high levels of exposure to sovereign debts of states are becoming increasingly reluctant and unable to finance businesses and trade, making availability of credit and cash scarce to come by. This current period of financial stress on developed economies the world over, is inducing greater emphasis on business effectiveness and efficiency, thereby opening up a new window of opportunity for IT solutions like BPM, which help ensure the viability of enterprise and managerial approach in times of stress and change.
As stated by the new market research report on Business Process Management, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge into the fastest growing market with a projected CAGR of 18.5% over the analysis period 2009 through 2017.
Key players in the marketplace include Adobe Systems Incorporated, Appian Corporation, Fujitsu America Inc., Hewlett Packard Development Company, IBM Global Services, Intalio Inc., Microgen plc, Microsoft Corporation, Oracle Corporation, Pegasystems Inc., Progress Software Corporation, Red Hat Inc., SAP AG, Software AG, TIBCO Software Inc., and Vitria Technology Inc., among others.
The research report titled “Business Process Management (BPM): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. Market estimates and projections are provided for geographic markets including the US, Canada, Europe, Asia-Pacific and Rest of World.
For more details about this comprehensive market research report, please visit –