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Market Research Reports

June 09, 2015 06:18 ET

Global Business Process Management (BPM) as a Service Market to Grow at a CAGR of 37.18% From 2015 to 2019

ALBANY, NY--(Marketwired - June 09, 2015) - According to the latest market research report published on ResearchMoz, the global business process management (BPM) as a service market is expected to grow at a CAGR of 37.18% during the period from 2015 to 2019. The report, titled “Global Business Process Management (BPM) as a Service Market 2015-2019," assesses the various factors related to the market and forecasts the size of the global BPM market by the end of 2019.

The report identifies the increased demand for BPM solutions in smart devices as the latest dominant trend in the global BPM as a service market. Providing an overview of the market, the report discusses the opportunities present in the global BPM as a service market. Usage of BPM as a service in sectors such as sales and marketing, manufacturing, R&D, human resource, and CRM helps in decision making, improving performances, and in improving visibility in business processes, thereby increasing the overall profitability of the organization.

The need for continuous improvement in these sectors is the key driver for the global BPM as a service market during the forecast period. However, the report suggests that the global BPM as a service market has not yet tapped into the opportunities across various sectors because there is a lack of universal awareness about the benefits of the service. Increasing awareness would be one of the key challenges faced by the global BPM as a service market during the period between 2015 and 2019.

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Describing the BPM lifecycle, the report analyzes the effect of Porter’s five forces on the global BPM as a service market. The global BPM as a service market has been segmented on the basis of deployment type and type of end user. To estimate the size of the global BPM as a service market by 2019, the report considers the revenue generated from software licenses, implementations, subscriptions, services, support, and maintenance. The global BPM as a service market has been also segmented on the basis of geographical distribution. The Americas, APAC, and EMEA are the key regions of the global BPM as a service market with the U.S., U.K., and Germany expected to be the leading countries in the market during the period from 2015 to 2019.

The report presents a detailed picture of the vendor landscape of the global BPM as a service market. The report lists down IBM, Pegasystems, Open Text, and Appian as the key vendors of the global BPM as a service market. Through SWOT analysis of the key vendors, the competitive scenario of the global BPM as a service market has been measured. Detailed information about the key vendors has been given, mentioning their business overview, product segmentation, geographical presence, business strategy, and their recent developments. Accenture, Capgemini, Cognizant Tech Solutions, Genpact, Oracle, Red Hat, SAP, Tibco Software, and Wipro are some of the prominent vendors of the global BPM as a service market.

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Business Process Management (BPM) Market: Business process management is a key term and it is actively persuaded in corporate these days. A business process is series of value added activities collaborated together purposefully to achieve a common goal. Business process is critical to any organization as it generates revenue for them and also comprise for a significant cost to the company. BPM is used for connection, integration, and service-oriented architecture (SOA) process management. Business processes and business process management techniques are becoming accepted. But the interpretation is different. There are a wide range of business processes that are appropriate for different business domains. Some manufacturing business domains focus on very strictly controlled processes. They require a very consistent outcome. Customer service oriented domains focus on very free-form, unstructured processes. They require varied and customized outcomes. Business process management software is achieving boom as organizations believe that automation of the process can generate more on revenues and outcome. Software is the strategic business assets which support the organizations to achieve. Business processes and business process management techniques are becoming accepted. But the interpretation is different. There are a wide range of business processes that are appropriate for different business domains. Some manufacturing business domains focus on very strictly controlled processes. They require a very consistent outcome. Customer service oriented domains focus on very free-form, unstructured processes. They require varied and customized outcomes.

Business Process Management (BPM) Cloud, Mobile, and Patterns Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020: Business process management software is achieving the ability to connect people across applications. Within the siloed lines of business BPM software capability extends the reach of everyone, it extends the access to information needed to do a job. As enterprises realize that automation of process is key to market growth BPM is creating new market opportunities. Innovation depends on process automation. BPM software is critical to enabling solutions that leverage automated process effectively. Software is a strategic business asset used in every industry at every level. Software is necessary to provide automated process.

IBM BPM platforms gained market share again as the company extended its functionality to encompass more cloud and address more of the process interactions that occur on an everyday basis in an enterprise. IBM is positioning to let people connect across the lines of business from within the business process applications. This ability to connect immediately is improving productivity. If the shipping department needs to talk to the order department, that can be done form within the business process management application. 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 $3.4 billion will reach $10 billion by 2020. Growth comes as automation of process adapts more efficiently to collaboration between people and provides interactive process based on exception management.

Business Process Management Software Industry: The report firstly introduced Business Process Management Software basic information included Business Process Management Software definition Business Process Management Software classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis and influence, Military Infrared (EO/IR) Systems industry policy and plan, Business Process Management Software product specification, manufacturing process, product cost structure etc. then statistics Global and China key manufacturers Military Infrared (EO/IR) Systems capacity production cost Business Process Management Software profit production value gross margin etc details information, at the same time, statistics these manufacturers Business Process Management Software products customers application capacity market position company contact information etc company related information, then collect all these manufacturers data and listed Global and China Business Process Management Software capacity production capacity market share production market share supply demand shortage import export consumption etc data statistics, and then introduced Global and China Business Process Management Software 2009-2019 capacity production Business Process Management Software cost profit production value gross margin etc information. And also listed Military Infrared (EO/IR) Systems upstream raw materials equipments and down stream clients survey analysis and Military Infrared (EO/IR) Systems marketing channels industry development trend and proposals. In the end, The report introduced Military Infrared (EO/IR) Systems new project SWOT analysis Investment feasibility analysis investment return analysis and also give related research conclusions and development trend analysis on Global and China Military Infrared (EO/IR) Systems industry.

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