Global Smart Process Application (SPA) Market - By Type (Software, Services), Deployement ( On Premise, Cloud), Solution (Customer Experience Management, Enterprise Content Management, Enterprise Mobility, Business Intelligence and Analytics, Business Process Management), Industry, Geography, Trends, Forecast - (2017 - 2022)
The Global Smart Process Application (SPA) Market is valued at USD 27.32 billion in 2016 and is expected to reach a value of USD 54.55 billion by the end of 2022, growing at a projected CAGR of 12.21% during the forecast period of 2017 - 2022.
Smart Process Application software enables users and business to better manage the processes by employing complex algorithms and data management. SMA are employed in resource demanding business activities which are highly variable and subjected to constant change. Smart Process Application allows users to better automate their process resulting higher efficiency and better interaction between system and user. This technology is expected to massive increase in demand with enterprises exploring new technologies for better process management.
The need for better management solutions and automation is driving the demand for smart process management applications. The cost effectiveness and reliability of the technology is also attracting large investments in this market. But the complexity of technology and high initial cost is restraining the growth of this technology.
Global Smart Process Application market can be segmented by Type of Solution (Software, and Service), by Deployment( On-Premise and Cloud), by Solution (Customer Experience Management, Enterprise Content Management, Enterprise Mobility, Business Intelligence and Analytics, Business Process Management and Others), by Verticals (Healthcare, BFSI, Retail, Telecommunications, Logistics, Entertainment and Media, Energy & Power, Manufacturing, Commercial Utilities, Education and Others) and by Geography (North America, Asia Pacific, Latin America, Europe, and Middle East and Africa). This report also considers key trends that will impact the industry and key profiles of leading companies which include Kofax Ltd., Salesforce, IBM Corporation, Appian, Sap, Opentext Corporation, Pegasystems, KANA Software Inc., Lexmark International, EMC Corp, JDA software , Baan Corp and Others
This Global Smart Process Application Market report describes a detailed study of the Porter\'s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of top players which includes the key growth strategies, geographical footprint, and competition analysis. What the report offers Market Definition for Smart Process Application along with identification of key drivers and restraints for the market.
Market analysis for the Global Smart Process Application Market, with region specific assessments and competition analysis on a global and regional scale. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares. Identification and analysis of the Macro and Micro factors that affect the Smart Process Application market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Published By: Mordor Intelligence
Published Date: Q1 2017