Putten, The Netherlands, 28th August, 2012: Companies face increasing pressure to respond quickly to changing business requirements and reduce the time required for platform and service delivery. TechNavio analysts forecast that these demands are driving rapid growth of the Global Business Process Management (BPM) Platform as a Service (PaaS) market. The Global BPM PaaS Market 2011-2015 report names Cordys – a leading provider of software for business process innovation on premise and in the cloud – a top vendor with the innovation and technology to deliver in this space and lead it as it grows.

An independent market research company, TechNavio studies the market for future technologies worldwide. The company prepared this report after a thorough analysis of the global BPM PaaS industry, collecting input from various experts in the space. As part of the report, TechNavio analysts forecast that the Global BPM PaaS market will grow at a Compound Annual Growth Rate (CAGR) of 25.7 percent between 2011and 2015.

“In addition to rapid change requirements and faster service delivery demands, the TechNavio report cites the emerging hybrid approach to PaaS solutions as another driver for future growth in the BPM PaaS industry,” said Dominick Martinetti, VP Marketing at Cordys. “Cordys equips customers to run their platforms as a cloud service, on premise or in a hybrid fashion. We are well-positioned to address these needs now and in the future, providing limitless flexibility for a faster, more agile business in the cloud.”

For more detailed information, please visit: http://www.researchandmarkets.com/reports/2205097/global_bpm_paas_market_2011_2015