BPM software is a tool used to simulate, automate, and monitor the business processes of an organization. It helps organizations to determine future strategies. It increases profitability by optimizing business processes through its various components such as a process designer, process engine, rules engine, and process analytics. A process designer assigns logic to the process after analyzing it and the process engine allocates automated activities to applications and manual operations to employees. The rules engine ensures that the process adheres to the business rules and process analytics provides feedback on process performance.
Analysts forecast the Global Business Process Management market will grow at a CAGR of 15.87 percent over the period 2013-2018.
Covered in this Report
The Global Business Process Management market can be divided into two segments: Human-centric BPM and Integration-centric BPM. The report describes the size of the market based on the total software revenue generated from the issue of new licenses, installations, updates, subscriptions, technical support, and software maintenance, but it excludes the revenue from professional services and the sale of hardware.
Global Business Process Management Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Business Process Management market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.