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Global Smart Process Application Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts

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Global Smart Process Application Market

Global Smart Process Application Market
Global Smart Process Application Market

Dublin, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The "Smart Process Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global smart process application market size reached US$ 36.0 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 71.6 Billion by 2027, exhibiting a CAGR of 12.14% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Appian Corporation Inc., Dell Technologies, IBM Corporation, Blue Yonder Group, Inc., Verint Systems Inc., Thomas Bravo, Open Text Corporation, Pegasystems Inc., Salesforce.com, inc., 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?

Report Attribute

Details

No. of Pages

150

Forecast Period

2021 - 2027

Estimated Market Value (USD) in 2021

$36 Billion

Forecasted Market Value (USD) by 2027

$71.6 Billion

Compound Annual Growth Rate

12.1%

Regions Covered

Global

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smart Process Application Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Deployment Type
6.1 On-premises
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cloud-based
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Offering
7.1 Solutions
7.1.1 Market Trends
7.1.2 Market Breakup by Type
7.1.2.1 Enterprise Content Management
7.1.2.1.1 Market Trends
7.1.2.1.2 Market Forecast
7.1.2.2 Business Process Management
7.1.2.2.1 Market Trends
7.1.2.2.2 Market Forecast
7.1.2.3 Customer Experience Management
7.1.2.3.1 Market Trends
7.1.2.3.2 Market Forecast
7.1.2.4 Business Intelligence and Analytics
7.1.2.4.1 Market Trends
7.1.2.4.2 Market Forecast
7.1.2.5 Others
7.1.2.5.1 Market Trends
7.1.2.5.2 Market Forecast
7.1.3 Market Forecast
7.2 Services
7.2.1 Market Trends
7.2.2 Market Breakup by Type
7.2.2.1 Support and Maintenance Services
7.2.2.1.1 Market Trends
7.2.2.1.2 Market Forecast
7.2.2.2 Professional Services
7.2.2.2.1 Market Trends
7.2.2.2.2 Market Forecast
7.2.2.3 Managed Services
7.2.2.3.1 Market Trends
7.2.2.3.2 Market Forecast
7.2.3 Market Forecast

8 Market Breakup by Organization Size
8.1 Small Sized Businesses
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Medium Sized Businesses
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Large Enterprises
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Telecom & IT
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Public Sector, Energy and Utilities
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Media and Entertainment
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Manufacturing
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Retail
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Healthcare
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Education
9.8.1 Market Trends
9.8.2 Market Forecast
9.9 Transportation and Logistics
9.9.1 Market Trends
9.9.2 Market Forecast
9.10 Others
9.10.1 Market Trends
9.10.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Appian Corporation Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Dell Technologies
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 IBM Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Blue Yonder Group, Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Verint Systems Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Thomas Bravo
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Open Text Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Pegasystems Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Salesforce.com, inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 SAP SE
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/a5vb6j

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