When Technology Assets become Liabilities: Evolution of the Business Process Management Systems Market

Maryam Behnam; Michael zur Muehlen

doi:10.24251/hicss.2025.677

When Technology Assets become Liabilities: Evolution of the Business Process Management Systems Market

Maryam Behnam, Michael zur Muehlen

School of Business

Stevens Institute of Technology

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Tracing market entries and exits, we present a longitudinal analysis of the marketplace for Business Process Management Systems and identify four successive phases of development that match the theory of industry life cycles: Introduction, Growth, Maturity, and Decline. Looking more closely at the transitions between these phases, we show that external technology developments can be seen as environmental shocks that signal the transition from one life cycle phase to the next. Our findings provide a novel mechanism for analysts to forecast possible technology market shifts.

Original language	English
Title of host publication	Proceedings of the 58th Hawaii International Conference on System Sciences, HICSS 2025
Editors	Tung X. Bui
Pages	5653-5662
Number of pages	10
ISBN (Electronic)	9780998133188
DOIs	https://doi.org/10.24251/hicss.2025.677
State	Published - 2025
Event	58th Hawaii International Conference on System Sciences, HICSS 2025 - Honolulu, United States Duration: 7 Jan 2025 → 10 Jan 2025

Publication series

Name	Proceedings of the Annual Hawaii International Conference on System Sciences
ISSN (Print)	1530-1605

Conference

Conference	58th Hawaii International Conference on System Sciences, HICSS 2025
Country/Territory	United States
City	Honolulu
Period	7/01/25 → 10/01/25

Keywords

Business Process Management
Market Life Cycle Theory
Technology Debt
Workflow Software

Access to Document

10.24251/hicss.2025.677

Cite this

Behnam, M., & zur Muehlen, M. (2025). When Technology Assets become Liabilities: Evolution of the Business Process Management Systems Market. In T. X. Bui (Ed.), Proceedings of the 58th Hawaii International Conference on System Sciences, HICSS 2025 (pp. 5653-5662). (Proceedings of the Annual Hawaii International Conference on System Sciences). https://doi.org/10.24251/hicss.2025.677

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abstract = "Tracing market entries and exits, we present a longitudinal analysis of the marketplace for Business Process Management Systems and identify four successive phases of development that match the theory of industry life cycles: Introduction, Growth, Maturity, and Decline. Looking more closely at the transitions between these phases, we show that external technology developments can be seen as environmental shocks that signal the transition from one life cycle phase to the next. Our findings provide a novel mechanism for analysts to forecast possible technology market shifts.",

keywords = "Business Process Management, Market Life Cycle Theory, Technology Debt, Workflow Software",

author = "Maryam Behnam and {zur Muehlen}, Michael",

note = "Publisher Copyright: {\textcopyright} 2025 IEEE Computer Society. All rights reserved.; 58th Hawaii International Conference on System Sciences, HICSS 2025 ; Conference date: 07-01-2025 Through 10-01-2025",

year = "2025",

doi = "10.24251/hicss.2025.677",

language = "English",

series = "Proceedings of the Annual Hawaii International Conference on System Sciences",

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Behnam, M & zur Muehlen, M 2025, When Technology Assets become Liabilities: Evolution of the Business Process Management Systems Market. in TX Bui (ed.), Proceedings of the 58th Hawaii International Conference on System Sciences, HICSS 2025. Proceedings of the Annual Hawaii International Conference on System Sciences, pp. 5653-5662, 58th Hawaii International Conference on System Sciences, HICSS 2025, Honolulu, United States, 7/01/25. https://doi.org/10.24251/hicss.2025.677

When Technology Assets become Liabilities: Evolution of the Business Process Management Systems Market. / Behnam, Maryam; zur Muehlen, Michael.
Proceedings of the 58th Hawaii International Conference on System Sciences, HICSS 2025. ed. / Tung X. Bui. 2025. p. 5653-5662 (Proceedings of the Annual Hawaii International Conference on System Sciences).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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N2 - Tracing market entries and exits, we present a longitudinal analysis of the marketplace for Business Process Management Systems and identify four successive phases of development that match the theory of industry life cycles: Introduction, Growth, Maturity, and Decline. Looking more closely at the transitions between these phases, we show that external technology developments can be seen as environmental shocks that signal the transition from one life cycle phase to the next. Our findings provide a novel mechanism for analysts to forecast possible technology market shifts.

AB - Tracing market entries and exits, we present a longitudinal analysis of the marketplace for Business Process Management Systems and identify four successive phases of development that match the theory of industry life cycles: Introduction, Growth, Maturity, and Decline. Looking more closely at the transitions between these phases, we show that external technology developments can be seen as environmental shocks that signal the transition from one life cycle phase to the next. Our findings provide a novel mechanism for analysts to forecast possible technology market shifts.

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When Technology Assets become Liabilities: Evolution of the Business Process Management Systems Market

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