Research and Markets (http://www.researchandmarkets.com/research/vz7vzl/global_business)
has announced the addition of the "Global
Business Process Management (BPM) PaaS Market 2014-2018" report
to their offering.
The analysts forecast the Global BPM PaaS market to grow at a CAGR of
21.99 percent over the period 2013-2018. One of the key factors
contributing to this market growth is the need to reduce the cost of
business processes. The Global BPM PaaS market has also been witnessing
increased demand for mobile BPM PaaS solutions. However, lack of
awareness about the potential of BPM PaaS software could pose a
challenge to the growth of this market.
Key vendors dominating this market space include Appian Corp., IBM
Corp., OpenText Corp., and Pegasystems Inc.
Other vendors mentioned in the report are Adeptia Inc., Adobe Systems
Inc., Barium AB, BizFlow Corp., BP Logix Inc., Colosa Inc., Eccentex
Inc., Edorasware AG, Fujits 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.
Commenting on the report, an analyst from the team said: The increasing
penetration and adoption of mobile devices is a major trend emerging in
the Global BPM PaaS market. 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.
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
For more information visit http://www.researchandmarkets.com/research/vz7vzl/global_business
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