Global Business Process Management (BPM) as a Service Market 2015-2019
About BPM as a Service
Business process management or BPM is a process or group of processes that helps to optimize and improve the business performance of an organization. BPM is used to achieve consistent and targeted results as per the company's strategic goal. BPM as a service refers to the business processes integrated with cloud services such as SaaS, PaaS, and IaaS. BPM as a service provides various advantages such as improved visibility in business processes, virtual workplaces, improved performances, and helps in decision making. The BPM solution optimizes business processes through various components such as process design, process engines, rules engines, and process analytics and increases the profitability of the organization. It is also used to simulate, automate, and monitor business processes in various sectors such as Human Resource (recruitment, training, and performance management), Sales and Marketing (pre-sales and post-sales), Manufacturing (invoicing), CRM (accurate and up-to-date information), and R&D (better infrastructure and effective management of processes) of any organization.
TechNavio's analysts forecast the Global BPM as a Service market to grow at a CAGR of 37.18 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global BPM as a Service market for the period 2015-2019. To calculate the market size, the report considers revenue generated from software licenses, implementations, subscriptions, services, support, and maintenance.
TechNavio's report, Global BPM as a Service Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the Global BPM as a Service market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global BPM as a Service Market 2015-2019
Technavio recognizes the following companies as the key players in the Global BPM as a Service Market: Appian Corp., IBM Corp., OpenText Corp. and Pegasystems Inc.
Other Prominent Vendors in the market are: Accenture, Adaptive Planning, Adeptia, Adobe Systems, Barium, BizFlow, BP Logix, Capgemini, Cognizant Tech Solutions, Colosa, CSC, e-Builder, Eccentex, Genpact, Integrify, Knowesia, Kofax, Lexmark International, Metasonic, Micropact, NorthgateArinso, Oracle, Perceptive Software, Progress Software, Questetra, Red Hat, SAP, Software AG, Tibco Software, Wipro and XMPro
Commenting on the report, an analyst from Technavio’s team said: “Demand for mobile BPM solutions on smart devices is one key trend upcoming in the market. Many vendors are providing mobile-enabled solutions that can be used across multiple mobile platforms. In addition, such solutions can be fully integrated with backend systems, thereby allowing organizations to tackle a complete suite of services.”
According to the report, the need for improved business processes is one of the major drivers of the market. By integrating the technical and management potentiality of an organization, BPM as a service helps to align the objectives with the requirements of clients. It ensures flexibility and technical integration through an innovative and comprehensive management platform.
Further, the report states that lack of awareness of the advantages of BPM as a service is one of the major challenges in this market. There is a large gap in understanding the benefits of BPM solutions between lower and upper-level management services, which leads to varied results and improper communication in organizations, and therefore the failure of BPM projects.
Appian , IBM, OpenText , Pegasystems, Accenture, Adaptive Plannin, Adeptia, Adobe Systems, Barium, BizFlow, BP Logix, Capgemini, Cognizant Tech Solutions, Colosa, CSC, e-Builder, Eccentex, Genpact, Integrify, Knowesia, Kofax, LexmarkInternational, Metasonic, NorthgateArinso, Oracle, Perceptive Software, Progress Software, Questetra, Red Hat, SAP, Software , Tibco Software, Wipro, XMPro