In the recent Worldwide Business Process Management (BPM) Market Opportunities Strategies, and Forecasts, 2009 to 2015, WinterGreen predict that:
Business process management (BPM) and services oriented architecture engine markets at $1.8 billion for licenses, maintenance, and services in 2008 are expected to reach $6.2 billion by 2015. Products have a dashboard that supports ease of use for business analysts. The automation of process is what drives profitability for the enterprise.
The authors state that BPM is going to be at the heart of most organisational transformation initiatives and that:
Business process management promises to drive enterprise markets going forward by implementing automated process more efficiently. Automation of business process must be balanced with human exception management, which is managed by workflow. Business processes are enhanced by the ability to interconnect a range of different applications systems including general ledger, order entry, inventory, process control, and human resources.
Also considered is the increased adoption of SOA and combined with BPM they will drive ongoing efficiencies in various areas:
Services oriented architecture SOA is occurring in the context of corporate adoption of best-of-breed BPM strategies. Mergers, acquisitions, and reorganizations are increasing. The driving force is the need to leverage economies of scale brought by the Internet. A desire to develop closer links with customers, suppliers, and partners is also evolving. These events all drive demand for BPM. Applications, databases, operating systems, and hardware platforms depend on integration infrastructure and middleware messaging. Application servers blend seamlessly into networks supporting mainframes, client/server platforms, and PCs.
According to Susan Eustis, lead author of the study, “innovation drives market growth in every industry, and innovation depends on implementation of automated business process in every instance. IBM, Oracle, and Adobe are among market leaders. IBM is able to leverage its SOA market dominance to support innovation, providing software that supports flexible response to changing market conditions.” SOA reaches into every industry and every segment of the economy. SOA drives innovation for the very large enterprises, now the mid range size companies and very small organizations are adopting technologies similar to what the enterprise use, creating automated process to replace manual process.
Further more, they think that:
Cloud computing, an increasing part of BPM initiatives, will help provide organizations with up-to-date information in a usable format. So, the report predicts that off-premise SOA and cloud-based deployment options for BPM will grow in number and variety.
Their assessment and basis for the pricitions is founded on the following:
All the BPM vendors have the capability to combine and recombine SOA components to create new processes using various aspects of model driven development tools. This use of SOA component driven architecture is set to spawn a new era of business optimization bringing massive amounts of productivity improvements.
As the productivity improves, fewer people are needed to perform jobs and the economy depends on innovation. Innovation is likely to come from renewable energy products that provide virtually free, virtually ubiquitous solar and wind generated energy.
With virtually free, universally available energy, the economy will enter a new era of innovation. In this instance, the culture of the US will provide enormous competitive advantage, because people are free to try new things without the fear of failure. Electric vehicles will proliferate, with every individual buying 3 or more personal vehicles. Just as a few years ago it was impossible to think about a person have more than one TV per household and now people have a TV in every room, so also people will have road cars, commuting cars, and family vehicles. All this will drive economic growth.
Solar and wind energy installations will require automated process for the smart grid. While thin film batteries proliferate to store the locally generated energy for personal vehicles, appliances, and lighting, the grid will provide significant amounts of energy as it does now, but from many different energy sources. Personal responsibility for healthcare will be a significant innovation in the automation of process for medical care, providing significant change to the electronic patient record.
I would be interested to if readers share this opinion.