Dallas, Texas (PRWEB) February 26, 2014
The increasing penetration and adoption of mobile devices is a major trend emerging in the Global BPM PaaS market (http://www.reportsnreports.com/reports/275451-global-business-process-management-bpm-paas-market-2014-2018.html). Currently, mobile devices, smartphones, and tablets are being used extensively by consumers to check all the products and services offered by the company. In addition, organizations are providing work from home options to reduce costs and enhance employee morale. This has resulted in an increasing number of employees working from a remote location. Therefore, the growing usage of mobile devices will offer new opportunities in the market. Due to the increased adoption of mobile devices, a number of vendors are launching mobile applications that enable users to avail themselves of high-quality services on the move. Therefore, the increasing demand for mobile solutions is a trend that is expected to have a significant impact on the growth of the market during the forecast period.
Analysts forecast the Global BPM PaaS market to grow at a CAGR of 21.99 percent over the period 2013-2018. According to the report, one of the major drivers in this market is the need to reduce the cost of business processes. In traditional on-site projects, organizations waste a lot of time creating connections to all existing systems in the IT infrastructure to achieve an integrated flow of information. Since BPM PaaS vendors enable faster connection of IT systems, the organizations' in-house IT departments are not faced with the burden of implementing these applications and incurring related costs.
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Further, the report states that the lack of awareness about the potential of the BPM PaaS software is one of the major challenges inhibiting the growth of this market. There is a large gap in understanding the benefits offered by the BPM software between employees and executives at the management level. Moreover, the lack of visibility about BPM solutions within an organization leads to varied results. Often, BPM projects fail because of a limited understanding of the value that BPM solutions offer to an organization.
The report recognizes the following companies as the key players in Global Business Process Management (BPM) PaaS Market: Appian Corp., IBM Corp., OpenText Corp., Pegasystems Inc., Adeptia Inc., Adobe Systems Inc., Barium AB, BizFlow Corp., BP Logix Inc., Colosa Inc., Eccentex Inc., Edorasware AG, Fujitsu Ltd., Interneer Inc., Integrify, Knowesia, Kofax Inc., Metasonic AG, MicroPact Inc., OpenWork, Oracle Corp., Perceptive Software, PNMsoft, Progress Software Corp., Questetra Inc., Rage Frameworks, Red Hat Inc., Roubroo, RunMyProcess, Software AG, Tibco Software Inc., Whitestein Technologies, and XMPro Inc.
Analysts forecast the Global BI and Analytics Platform market (http://www.reportsnreports.com/reports/274808-global-business-intelligence-bi-and-analytics-platforms-market-2014-2018.html) to grow at a CAGR of 8.93 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing volume of information generated from enterprise applications. The Global BI and Analytics Platform market has also been witnessing the increasing adoption of SaaS-based BI and analytics platform. However, the difficulty in validating the accuracy of the underlying data could pose a challenge to the growth of this market.
Key vendors dominating this space are IBM Corp., Oracle Corp., SAP AG, and SAS Institute Inc.
Other vendors mentioned in the report are Actuate Corp.( The Birt Company), Birst Inc., Board International S.A., FICO, GoodData Corp., Infor Global Solutions, Information Builders, LogiXML Inc., Microsoft Corp., MicroStrategy Inc., Panorama Software, Pentaho Corp., Salient Management Co., Tibco Software, and Tableau Software.
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Business Process Management (BPM) Cloud, Mobile, and Patterns: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 report says Cloud computing, mobile computing, and smart devices represent the major forces impacting business process management (BPM) markets (http://www.reportsnreports.com/reports/190932-business-process-management-bpm-market-shares-strategies-and-forecasts-worldwide-2013-2019.html). IBM and others are leveraging patterns to gain competitive advantage in enterprise BPM markets. Managers use large BPM systems and small and mid size business use the BPM cloud.
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.
Messaging and collaboration are key aspects of Business Process Management (BPM) making processes more efficient. When people can work things out as a problem occurs, then the delays are eliminated and the business runs far more efficiently. Consideration of Business Process Management (BPM) Market Forecasts indicates that markets at $2.8 billion will reach $ 8.3 billion by 2019. Growth comes as automation of process adapts more efficiently to collaboration between people and provides interactive process based on exception management.
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