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Forrester Reports Detail BPM Growth and Market Leadership

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Enterprise Applications

August 3, 2007

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Forrester Reports Detail BPM Growth and Market Leadership

Business process management growth revenue projections more than double. Leaders cited in human-centric BPM.

By Doug Henschen

Only 18 months ago, Forrester Research forecasted revenues for business process management software, services and maintenance of $2.7 billion in 2009. In an updated report released July 30, Forrester has raised its estimate to $6.3 billion by 2011. The two-year difference notwithstanding, demand is accelerating, with growth rates expected to range between 17.5 percent per year to 35.5 percent per year over the next five years.

"Just the size that the market is reaching is the real news," says analyst and report coauthor Colin Teubner. "Our previous forecast showed it less than half the size we're predicting now."

The report attributes the rapid growth to four key trends:
-- Increased deployment of composite/dynamic applications developed in BPM suites.
-- Continued adoption of BPM to ensure controlled, auditable processes as required by SOX, Basel II, HIPAA and other compliance mandates.
-- Reduced BPM costs, thanks to "a la carte" pricing of human-centric (aka, workflow-centric) suites.

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