TechNavio's recent study on the BPM market revealed heavy emphasis on cloud, Process-as-a-Service and mobile adoption, while forecasting continued innovations within these sectors. According to the report, the PaaS market is expected to see a CAGR of 21.99 percent from 2013 to 2018, as well as increasing demand for combined mobile BPM PaaS.
According to the research firm, this trend is being driven by increased adoption of mobile devices by enterprises, supporting remote working and the availability of high-quality mobile apps. Increased demand on mobile solutions will have a significant impact on process management software, and companies that invest early into mobile and cloud strategies will be able to adapt more easily.
The report noted that the only major factor that could be negatively affecting this growth is a general lack of awareness of BPM PaaS options.
"There is a large gap in understanding the benefits offered by the BPM software between employees and executives at the management level," the research firm noted in its press release. "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."
Of course, continued adoption of mobile and cloud BPM solutions will have an effect on several areas of business operations. From the cost of processes to the interconnectivity of IT systems, companies will see changes occur in less expected areas and may need to act fast to adapt and properly leverage these changes.
Reduced cost of operations is a major advantage to investing in advanced business process management solutions. However, companies will need to anticipate where these savings will have the largest impact in order to optimize workflow around these changes and maintain the integrity of their processes. The key changes are likely to occur in IT, as the development of mobile and cloud applications will be optimized by company investments.
The right deployments of BPM software can have a significant impact on IT operations as well, helping firms enable faster connections between systems and boosting the organization of IT departments in general. This will allow a firm to drive growth even further and maintain growth regardless of IT productivity cycles.
By investing in high-quality BPM solutions now, companies can optimize their approach to cloud and mobile trends and ensure they are driving progress as a primary component of operations.
Director of Product Marketing
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