Meta Group sees a boom
in the BPM software market, and expects a growth rate of 15-20% in year 2004. That's impressive, but what exactly constitutes the BPM market? Meta Group estimates the market at $1.1B currently and that appears too small, considering majority of business applications are BPM applicatons (at least have some BPM aspects). Is it the market for the BPM pure plays that sell their BPM core to ISVs and enterprises? Then that is quite impressive! I need to dig more on this.
And, get ready for this, this report
predicts that the Service Oriented Architecture (SOA) market will be worth $4.4 billion
in 2005, and $43 billion
in year 2010. Are VCs listening to this?