Smart Process Application Market Overview, Trends, Opportunities, Growth and Forecast by 2027

by Zayn Mathew Market Research Reports

According to the latest report by IMARC Group, titled, “Smart Process Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global smart process application market size reached US$ 36.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.6 Billion by 2027, exhibiting a growth rate (CAGR) of 12.2% during 2022-2027.

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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Smart Process Application Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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.

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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

Other Related Reports By IMARC:

Clickstream Analytics Market

Live Chat Software Market

Embedded Computer Market

In-App Advertising Market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Company Name: IMARC Group

Contact Person: Robert Smith


Toll Free Number: USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 30 N Gould St, Ste R

Sheridan, WY 82801, USA


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About Zayn Mathew Advanced   Market Research Reports

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Created on Nov 4th 2020 04:37. Viewed 211 times.


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