Kofax and Forrester research have released some interesting numbers on BPM market size. Like most vendor sponsored research, its a fairly ego-centric view of the universe.
Apparently, there are three main areas of the BPM market – Multichannel capture, BPM and, most intriguingly, Smart Process Applications – and all are set for a solid growth over the next three years. Obviously, Kofax is the market-leader in all three.
Here are the headlines:
via Kofax
The Capture and BPM segments seem to be more or less what they say on the tin.
BPM is defined as:
The BPM market includes traditional BPM, dynamic case management, and integration centric BPM solutions. Forrester states that it is in a late growth phase and focused where business processes are considered chaotic, broad, and burdened with content.
via Kofax
So, the BPM line is probably is pretty good proxy for the current BPM and case management markets.
The Vertical Smart Process Application Market
Interestingly, the ‘Vertical SPAs’ market seems to be industry specfic applications that require the flexibility of a BPM solution. I assume, since Kofax is considered a market leader in the Vertical SPAs, that most of this sector is not new vendors but existing BPM vendors that have industry specific assets or expertise to deliver processes faster.
This interpretation reflects what I see in the market with most BPM vendors trying to sell solutions, not technology, with various degrees of success but capture tends to be an established market with different buying trends and vendors. A more accurate picture of the competitve marketplace is probably to group BPM and vertical SPAs together and leave Capture as a separate market.
I’m sure that many of the Capture vendors would like to reposition themselves in the BPM and SPA market but in reality few have made the transition.
