The cloud business process management and BPaaS market is expected to show impressive CAGR between 2013 to 2018 at 45 percent. A recent study performed by Markets and Markets showed that cloud BPM investments reached $1.09 billion in 2013, and will continuegrowing to hit about $7.12 billion over the next five years. Horizontal and vertical business processes are both the target of these investments, with a focus on increasing transparency, virtualization, flexibility, informed decision making and performance acceleration.
The primary goal that many firms are investing in cloud BPM software foris to enhance overall agility of business processes. According to the report, firms are examining the cost control measures forboosting their adaptability, and while adoption rates are slow currently the improvements being made to the tools themselves are encouraging steady growth and the "pervasive existence" of business process management software throughout all major enterprise verticals.
Agility with BPM
The reason more firms are utilizing cloud BPM to boost agility is two-fold. One: BPM solutions in general allow companies to automate basic and some advanced processes in order to free up employees to focus on more time-sensitive tasks and enhance productivity. Two: The cloud helps businesses integrate BPM software into various areas of operations more easily while ensuring they are able to adapt these tools as other technologies improve later on.
Overall, integrating BPM software with existing framework provides key benefits for amplifying growth and boosting efforts to adhere to compliance standards when embracing other future improvements. However, the specific tools a firm chooses to utilize will affect the rate of success and advantages it gains.
Standards of quality within BPM
Appian BPM software provides key advantages that enhance the overall efforts companies undertake with these tools in general. Gartner's recent Magic Quadrant for Intelligent Business Process Management Suites recognized Appian as a leader in the industry for good reason. With a 100 percent web-based interface, Appian's cloud BPM solutions provide the highest levels of adaptability and agility to ensure that businesses see swift deployment, easier integration, a low start-up cost and faster ROI.
Whether investing in BPM software to improve current processes or lay the foundation for changes toworkflow, enterprises need to ensure they are utilizing the best solution for their unique operational needs, and the scalability of the cloud offers unprecedented flexibility to reach those goals.
Vice President of Product Marketing
Appian helps organizations build apps and workflows rapidly, with a low-code automation platform. Combining people, technologies, and data in a single workflow, Appian can help companies maximize their resources and improve business results. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance.