Intelligent Business Process Management Suites (iBPMS) allow organizations to discover, design, implement and monitor complex business processes with real-time analytics, business rules, automation tools, event processing and multi-device mobility. The iBPMS helps organizations to visualize business processes, analyze raw organizational data and improve the existing workflows with BPMN, low-code/no-code tools, integration technology, open source solutions and artificial intelligence. The cloud based architecture and user-friendly interface of iBPMS support real time collaboration between citizen developers, business analysts, and IT teams to optimize business process performance.
Quadrant Knowledge Solutions’ iBPMS market research includes a detailed analysis of the global market regarding emerging technology and market trends. The research comprises of vendors’ product features and functionalities, as well as competitive differentiating factors. The research provides competitive landscape and vendor analysis to enable technology vendors to enhance their understanding of the market and implement a growth-oriented technical roadmap.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of the leading Intelligent Business Process Management Suites (iBPMS) vendors with a global impact, including –AgilePoint, Appian, AuraQuantic, Axon Ivy, Bizagi, Bonitasoft, BP Logix, Camunda, Creatio, Flowable, Genpact, IBM, ITESOFT, Kofax, Newgen, Nintex, NTT DATA, Oracle, Pegasystems, ProcessMaker, PMG, Red Hat, Salesforce, ServiceNow, TIBCO Software, Tonkean, and Whitestein.
According to Meenakshi Rawani, Senior Analyst at Quadrant Knowledge Solutions, “The iBPMS vendors continue to strengthen their capabilities and leverage their emerging technology trends by including – visual modelling and graphical presentation of business workflows and processes, application programming interface led integrations, process governance with business rule management systems, application development with low-code and no-code tools, robotic automation led processes and interactive social-media capabilities. The iBPMS vendors are also making a significant investment in advance and innovative features like open-source models, complex event processing, artificial intelligence, document management, multi-device compatibility to enhance user experience, empower citizen developers and support cross-functional collaboration. Organizations are required to keep pace with the emerging technologies, proliferating integrations with multiple devices, complex customer demands, and hybrid working conditions to automate business processes and workflows intelligently”.
2022 Intelligent Business Process Management Suites SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
Market Dynamics and Overview
- Market Definition
- Market Overview
- Key iBPMS capabilities
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Factors and Technology Differentiators
SPARK Matrix™: Intelligent Business Process Management Suites, Q4, 2022
Custom Research Service
Our custom research service is designed to meet the client’s specific requirements by providing a customized in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic for helping companies successfully address business challenges. Our team of experienced consultants can help you in achieving short-term and long-term business goals in the following ways:
- Detailed understanding of the industry structure, market participants, and value chain mapping
- Business potential and opportunities of target markets, economies, and industries
- Strategic planning and tactical opportunities
- Go to market strategies