BPM Market Opportunities Strategy and Forecast

In the recent Worldwide Business Process Management (BPM) Market Opportunities Strategies, and Forecasts, 2009 to 2015 ,WinterGreen predict that:

"Business process management (BPM) and services oriented architecture engine markets at $1.8 billion for licenses, maintenance, and services in 2008 are expected to reach $6.2 billion by 2015. Products have a dashboard that supports ease of use for business analysts. The automation of process is what drives profitability for the enterprise."

The authors state that BPM is going to be at the heart of most organizational transformation initiatives and that:

"Business process management promises to drive enterprise markets going forward by implementing automated process more efficiently. Automation of business process must be balanced with human exception management, which is managed by workflow. Business processes are enhanced by the ability to interconnect a range of different applications systems including general ledger, order entry, inventory, process control, and human resources."

Also considered is the increased adoption of SOA and combined with BPM they will drive ongoing efficiencies in various areas:

"Services oriented architecture SOA is occurring in the context of corporate adoption of best-of-breed BPM strategies. Mergers, acquisitions, and reorganizations are increasing. The driving force is the need to leverage economies of scale brought by the Internet. A desire to develop closer links with customers, suppliers, and partners is also evolving. These events all drive demand for BPM. Applications, databases, operating systems, and hardware platforms depend on integration infrastructure and middleware messaging. Application servers blend seamlessly into networks supporting mainframes, client/server platforms, and PCs."

Further more, they think that:

"Cloud computing, an increasing part of BPM initiatives, will help provide organizations with up-to-date information in a usable format. So, the report predicts that off-premise SOA and cloud-based deployment options for BPM will grow in number and variety."