|By Business Wire||
|March 7, 2014 07:28 AM EST||
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, Fujitsu 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 costs.
For more information visit http://www.researchandmarkets.com/research/vz7vzl/global_business
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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