BPM in Real Estate mMarket has Witnessed Substantial Growth, Owing to Increasing Adoption of BPM Solutions by Real Estate Companies.
" The business process management (BPM) in real estate market is expected to grow from USD 429.1 million in 2016 to USD 1,298.0 million by 2021, at a CAGR of 24.8% during the forecast period. The BPM in real estate market has witnessed substantial growth, owing to increasing adoption of BPM solutions by real estate companies. Moreover, the demand for system integration and training services is anticipated to grow in Asia-Pacific, and the Middle East & Africa in the future. "
Key players in the BPM in real estate market are IBM Corporation, Oracle Corporation, Red Hat, Software AG, AMP Technologies, Onit, Inc., BP Logix Inc., Auraportal, K2.com, and nTrust, among others. These players have adopted various growth strategies, such as partnerships, collaborations & agreements, new product launches, and acquisitions to achieve growth in the BPM in real estate market. Partnerships, collaborations, and agreements accounted for a combined share of 63% of the total growth strategies adopted by the market players between 2014 and 2016. The strategy of new product launches accounted for a share of 31% of the total developments that took place in the BPM in real estate market. Market players have been focusing on these strategies to increase their customer base and revenue.
Software AG has been consistently focusing on digitizing their business processes to prevent cyber threats by making processes automated. The company collaborated with key players, such as Sopra Steria Consulting to implement digital transformation. In addition, the company offers various products, such as ADABAS, which is a high performance transactional database management system that stores and manages databases effectively. The company’s modular platform enables users to develop next generation application systems. The company’s presence in 70 countries has helped it to strengthen its market position globally. In September 2016, Software AG entered into a strategic partnership with Robert Bosch to develop new joint services and solutions for IoT. Collaborating with Bosch will help Software AG’s customers to address new requirements of IoT solutions and quick delivery of relevant target-oriented functionality.
AMP Technologies’ new release HALO enhances communication, feedback, and creates an entire new experience for property owners, tenants, and citizens. BPM enables property owners and managers to effectively communicate with tenants and occupants about social news, events, and projects. HALO provides an efficient platform that increases performance and encourages effective communication. While all tenants can quickly view pending maintenance tickets and track important property information, tenants with Admin access can access insurance details, share key dates, and property announcements easily with real time.
The BPM in real estate market research report analyzes global adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, regulatory landscapes, and the value chain of this market.
Related Reports:
Business Process Management (BPM) in Real Estate Market by Component (Solutions and Services), Deployment Type (On-Premises and Cloud), Region (North America, Europe, Asia-Pacific, and Middle East & Africa) - Global Forecast to 2021
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