Mobile BPM: Key market research findings
- The Americas dominates the market geographically
- Need for continuous process improvement drives market growth
- Key vendors – Appian, IBM, OpenText, Oracle, Pegasystems, and Software AG
Technavio’s market research analysts predict the global market for mobile BPM to grow at a CAGR of around 13% between 2016 and 2020. The growth of the market can be accredited to the need to comply with standard operating procedures. BPM software generates process documentation that helps organizations to validate adherence to standards. The ability of the software to document the procedures and identify discrepancies is leading to its increasing adoption. During 2015, the global BPM market was dominated by the Americas with a market value of almost $611 million. The need to improve business processes in the region will propel the growth of the mobile BPM market in the Americas during the forecast period.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is currently witnessing a shift from BPM to mobile BPM solutions. This is primarily because of the increasing mobility in organizations. Workforce mobility has increased significantly with the growth of organizations outside of their native regions. Furthermore, organizations are increasingly providing work-from-home options to reduce costs and enhance employee morale,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
The need for continuous improvement of business process has a direct and positive influence in the growth of the mobile BPM market across the globe. By combining the technical and management capabilities of an organization, BPM software helps align the organizational objectives with the requirements of clients. It provides flexibility and technical integration through an innovative and comprehensive management platform. It also promotes business efficiency and effectiveness by optimizing business operations, enabling businesses to improve their business processes.
The key vendors in the market include Appian, IBM, OpenText, Oracle, Pegasystems, and Software AG. Many vendors offer hybrid cloud infrastructures to utilize the best of the public and private cloud and reduce the overall complexity of IT processes. With the hybrid cloud architecture, end-users are also able to mitigate to a great extent the security issues related to stored application data in the cloud. Furthermore, many vendors are now offering collaboration tools along with their BPM solutions to enable customer interaction as well as better visibility and control over the entire cloud application development life cycle.
A more detailed analysis is available in the Technavio report, Global Mobile BPM Market 2016-2020.
