Smart Process Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Smart Process Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • September 2021 •
  • 150 pages •
  • Report ID: 5981462 •
  • Format: PDF
The global smart process application market exhibited strong growth during 2015-2020.

Smart process application (SPAs) refers to a software-based application designed to effectively collaborate the organization’s business process management (BPM) activities. It applies complex algorithms and data management solutions to perform the functions of sensing, actuating and controlling various processes to derive insights and make analytical decisions. It also involves various other processes, such as business intelligence, infrastructure elasticity, process architecture, software innovation and supply chain management. As a result, SPA finds extensive applications across various industries, such as medical, banking, financial services and insurance (BFSI), manufacturing, education, media & entertainment, retail and IT & telecommunications.

Rapid automation across industries dealing with consumer information is one of the key factors driving the growth of the market. SPAs integrate enterprise resource planning (ERP), customer relationship management (CRM) and enterprise content management (ECM) systems for enhanced operational agility. Furthermore, widespread adoption of virtualization and explorative data analysis for enterprises is providing a thrust to the market growth. For instance, in the healthcare industry, SPAs are used to manage complex ecosystems to facilitate access to data through various end-points. Additionally, various improvements in the information and communication technologies, are acting as other growth-inducing factors. With the widespread adoption of bring your own devices (BYOD) and increasing utilization of personal devices at the workplace, SPAs are extensively used for integrating in-office and remote employees on a collaborative platform. Other factors, including the advent of Industry 4.0, along with significant improvements in the information technology (IT) infrastructure, are anticipated to drive the market further. Looking forward, the global smart process application market is expected to grow at a CAGR of around 12% during the forecast period (2021-2026).

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global smart process application market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on offering, deployment type, organization size and vertical.

Breakup by Offering:
Solutions
Enterprise Content Management
Business Process Management
Customer Experience Management
Business Intelligence and Analytics
Others
Services
Support and Maintenance Services
Professional Services
Managed Services

Breakup by Deployment Type:
On-premises
Cloud-based

Breakup by Organization Size:
Small Sized Businesses
Medium Sized Businesses
Large Enterprises

Breakup by Vertical:
BFSI
Telecom & IT
Public Sector, Energy and Utilities
Media and Entertainment
Manufacturing
Retail
Healthcare
Education
Transportation and Logistics
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Appian, Dell EMC, IBM, JDA Software (Now Blue Yonder), Kana Software (Verint Systems), Kofax Inc. (Thoma Bravo), Opentext Corp., Pegasystems Inc., Salesforce.Com and SAP SE.

Key Questions Answered in This Report:
How has the global Smart process application market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global Smart process application market?
What are the key regional markets?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the solutions?
What is the breakup of the market based on the services?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global Smart process application market and who are the key players?
What is the degree of competition in the industry?