03 May Business Process Management-market is estimated to double by 2021
The global BPM-market is estimated to grow from USD 6.96 billion in 2016 to USD 13.52 billon by 2021, at a compound annual growth rate (CAGR) of 14.2%, according to MarketsandMarkets, the world’s No. 2 firm in terms of annually published premium market research reports.
Small and medium Enterprises (SMEs) are recognizing the effective implementation of BPM technologies and techniques toward achieving significant efficiency savings in the medium term. BPM software permits the organizations to make changes to their business processes and implement changes without disrupting the current business process.
The SMEs market is expected to grow with the highest CAGR, as SMEs are swiftly advancing toward BPM solutions to achieve better operational productivity, considering the lowering operational costs associated with it.
The Process Cloud: Business Process Management for every organization
IBM continues to be one of the biggest supplier of BPM-software in the world. You-Get B.V. is IBM Premium Business Partner. In addition to IBM BPM, with The Process Cloud You-Get also has its own offering of cloud based BPM-solutions, directed towards the SME-market.
Download our whitepaper about The Process Cloud to learn more.