Cloud computing to add impetus to business process management growth

Wednesday, June 29, 2011

The fragmented and diffused market for business process management products could begin to solidify in the future, as cloud computing technology becomes more integrated into the sector, according to Global Industry Analysts.

By 2017, the research firm reported, the market will reach a value of $5 billion, thanks in large part to the improved capabilities provided by the cloud.

"Although initially challenging, the recession was ultimately advantageous for the business process management market, as companies fought to streamline and optimize their activities for the purposes of cost-reduction, control and audit. Post-recession, businesses are looking to operate in a lean manner, and are increasingly deploying BPM software and systems," GIA said.

India and China - along with most of the Asia-Pacific region - will be among the fastest-growing BPM markets, according to the report, but Europe and the U.S. will not be surpassed anytime soon.

Cloud computing technology is also enabling the rapid growth and adoption of innovative new products in a number of other fields, according to experts, including remote storage and mobile productivity, among others.