Over the past decade, BPM has evolved from a number of other technology pre-cursors, including workflow, integration and process automation. Through this evolution process, BPM has picked up a number of best practices that enable companies to use a “new” technology that has been road-tested in the past. As such, companies from all industries have started using BPM because, in short, it works. BPM can make a huge difference in how your company responds to market pressures and how it proactively tackles new business needs. Not only that, it changes the economics of managing the business through improved process performance.
To help organizations start their evaluation and understand the context for a BPM purchase, Upside Research has prepared this State of the BPM Market, as a starting point for future evaluation of this dynamic market. This report follows up on the trends and information discussed from Upside’s previous market evaluations published in June 2004 and October 2005, and provides a current snapshot of where the BPM market stands at the beginning of 2006.
By taking a look at a current snapshot of the BPM market, combined with a consideration of current hot spots, how related markets are growing, and finally what the next year holds for BPM, organizations can gain a more complete understanding of how BPM can positively impact their organization. For maximum benefit, Upside Research believes that most organizations should combine this context-setting information with an evaluation of BPM products from both a business and IT perspective to identify the most appropriate solution.