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Business Process Management (BPM) Market Opportunities, Strategies, and Forecasts, 2005 to 2011
WinterGreen Research, Inc., Sep 2005, Pages: 497
Business process management promises to drive enterprise software markets going forward. Business processes are enhanced by the ability to interconnect a range of different applications systems including general ledger, order entry, inventory, process control, customer services, and human resources.
Integration of different divisions is significant for business management, financial
management, and taxes. Integration of systems for communication via the Internet with partners is also significant. Customers, partners, distributors, and suppliers can interface electronically to an enterprise through a portal.
When large numbers of applications and systems are linked through point-to-point interfaces, organizations find it difficult to respond quickly to business changes.Integrating with external systems of suppliers, customers, and partners presents a business process management challenge.
Internal development in IT groups is the single largest competitor to integration systems implementation. Large investments in systems interfaces tend to be maintained with in a department. Integration projects are sold to companies that are replacing existing IT applications. At the time of replacement of a legacy system, the integration problem needs to be solved all at once, and then packaged software is competitive with hand coded interface logic.
Companies trying to merge IT departments following a merger or acquisition need
integration infrastructure. Those involved in front office/back office integration and
those working to comply with new regulations all face the need to implement
integration. BPM is emerging as a layer above integration infrastructure that guides
process automation once integration has been put in place.
Business process management promises to take the islands of knowledge, data and business rules that represent the core of enterprise activities and unite them into a business system that is accessible to ordinary business people.
Business process management engine markets at $884.4 million in 2004 are expected to reach $2.4 billion by 2011. Business process content management solutions allow companies to effectively monitor changes made to data in real-time. Solutions once in place permit corporate officers to gain a 360-degree view of all operations.
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