27 June 2011 15:53:25
As the applications of cloud computing continue to expand, the technology is expected to have a significant impact on several markets. One such area, according to a recent Global Industry Analyst report, is the business process management market.
GIA predicted the global BPM market will reach $5 billion by 2017. Much of the revenue generated by the market will come from companies’ desires to reduce overhead cost and optimize their control and audit activities – tasks that can be achieved through the cloud.
Given the cloud’s potential for cost efficiency and its low-maintenance, easily deployed nature, more businesses are turning to the technology to suit their BPM needs.
According to the report, the United States and Europe are expected to be leaders in the BPM market, but countries in the Asia-Pacific region are emerging as well. Additionally, the markets are expanding to include not only private institutions, but governments and schools as well.
-McAfee Cloud Security