Smart Process Application Market Share, Size, Trends, Forecast and Analysis of Key players

NEW YORK - Dec. 14, 2020 - PRLog -- According to the latest report by IMARC Group, the global smart process application market is expected to grow at a CAGR of around 12% during the forecast period (2021-2026).

Smart process application (SP) is a software-based application that efficiently collaborates business process management (BPM) activities of an organization. It uses complex algorithms and data management solutions to perform actuating, sensing, and controlling various processes to derive insights and prepare analytical decisions. SPA also involves other methods, such as business intelligence, infrastructure elasticity, process architecture, etc. As a result, it finds numerous applications across diverse industries, including medical, banking, manufacturing, retail, etc.

Market Trends

The increasing penetration of automated solutions that produce the bulk of data is currently bolstering the market for smart process applications. SPAs integrate enterprise resource planning (ERP), customer relationship management (CRM), and enterprise content management (ECM) systems to enhance operational agility, thereby experiencing high demand across the globe. With the rising adoption of the Bring-Your-Own-Devices (BYOD) trend across workplaces, SPAs are broadly utilized to integrate in-office and remote employees on a collaborative platform. Moreover, the emergence of Industry 4.0, along with continuous upgradations in the information and communication technologies, are further expected to catalyze the global market for SPAs.

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Competitive Landscape:

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.

The report has segmented the market on the basis of Offering, Deployment Type, Organization Size, Vertical and Region.

Market Breakup by Offering:

Solutions
Services

Market Breakup by Deployment Type:

On-premises
Cloud-based

Market Breakup by Organization Size:

Small Sized Businesses
Medium Sized Businesses
Large Enterprises

Market Breakup by Vertical:

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

For more information about this report visit: https://www.imarcgroup.com/smart-process-application-market

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