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BPM Software Is On the Verge of Entering a New Phase of Product Enhancements, Says IDC

  • 24 August, 2007 10:10

<p>The Business Process Management market is expected to show strong growth in Australia and is outperforming the overall market with regards to market growth. On a worldwide prospective, the BPM market accounted for AU$ 1,913.0 million in 2005 and is expected to reach AU$ 4,780.8 million in 2010. That represents a compound annual growth rate (CAGR) of 20.1% and means higher growth than most other software markets.</p>
<p>NORTH SYDNEY, August 24th 2007, Today's fast paced industry is causing companies to evolve into business optimisation entities. The survival of the fittest is being played out in a different arena, with business optimisation being one of the main themes.</p>
<p>For many years, business services and IT infrastructures have continued along different and difficult roads of progress, resulting in a huge gap in how these assets can be collectively optimized and synergised for the business. The disintegrated nature of IT assets alongside segmented workflow and business processes form the barriers that are blocking progress.</p>
<p># The IDC Asia/Pacific Software Survey 2007 conducted amongst 100 businesses in Australia revealed that 32.4% of respondents deployed BI software in 2006.</p>
<p># The market for Business Intelligence Software in Australia was valued at AU$186.6 million in 2006. The market is forecast to grow with a compound annual growth rate of 9.5% to reach AU$294.3 million by 2011. (source: Asia/Pacific Semi-annual Software Tracker, Q4 2006)</p>
<p># The BPM market is expected to show strong growth in Australia and is outperforming the overall ISSP market with regards to market growth. On a worldwide prospective, the BPM market accounted for AU$ 1,913.0 million in 2005 and is expected to reach AU$ 4,780.8 million in 2010. That represents a compound annual growth rate (CAGR) of 20.1% and means higher growth than most other software markets</p>
<p>Ullrich Loeffler, Market Analyst Information Solutions, IDC ANZ said, "BPM software is on the verge of entering a new phase of product enhancements leading to 'intelligent process automation'. In a time where application and information integration are more than ever vital for business success, BPM offers a strong value proposition in bridging the gap between IT systems, people and business processes."</p>
<p>The IDC Business Optimisation one day event will provide insights from leading IDC analysts and industry partners including Sybase, Avaya, Wipro, Informatica and Alphawest.</p>
<p>You will hear presentations from IDC Analysts Phillip Allen and Ullrich Loeffler, along with the CEO of The Australian Information Industry Association, Sheryl Moon. Angela Donohoe, Chief Information Officer from Cuscal Ltd will present a case study on Optimising Business Processes.</p>
<p>At the event on Tuesday, 28 August 2007, IDC will clarify what BI; BPM &amp; SOA are, so The IT Executive can take clear actionable steps to adapting it to the business.</p>
<p>Media are invited to attend and can register complimentary http://www.idc.com.au/events/businessoptimise07/exclusive9677/
To learn more about IDC's 2007 Business Optimsaition Event visit http://www.idc.com.au/events/businessoptimise07/ or contact Alison Mee via email amee@idc.com or phone 02 9925 2225. To register for this event visit http://www.idc.com.au/events/businessoptimise07/exclusive9677/ (IT Executives only)</p>
<p>****************************************************************</p>
<p>Tim Dillon
Associate Vice President Research, Australia
Phone: 61 2 9925 2250
Email: tdillon@idc.com</p>
<p>****************************************************************</p>

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