Analysts say BPM is a software product whose time has come.
A Delphi Group 2002 report on BPM call it the “only true killer application” at the moment as it will provide greater value from existing assets. Delphi says 62% of enterprises have digitised less than 25% of their processes so the BPM software market is expected to exceed US$5 billion by 2004.
The Aberdeen Group expects the BPM market to grow from $US2.54 billion in 2002 to $US6.32 billion in 2005, with large corporates like IBM dominating the market as they gobble up smaller players.
Forrester Research, on the other hand, brands the BPM software market “immature” and has just started tracking it.
IDC has sized the businessware management systems software market at $US1.3 billion in revenue for 2000, growing to more than $US4 billion by 2005. This represents the fastest-growing segment of the middleware and businessware markets, says IDC.
Overall, in its entirety businessware software will account for over 60% of all middleware and businessware revenue by 2005. This growth is fuelled by the organisational need to integrate applications with existing systems using best-of-breed computing resources, IDC says.
Gartner expects at least 90% of large enterprises will have BPM by 2005. Early this year, it said the New Zealand BPM software and services market would grow from US$134 million in 1999 to US$289 million in 2005.
Of the three dozen or so vendors offering BPM products, IBM is the market leader, with a 16.4% share for a product portfolio that includes its IBM WebSphere MQ line (formerly MQSeries). Right behind IBM are FileNet, with an 8.5% market share, and Staffware, with a 7.2% share, The Aberdeen Group says.