Press release
Smart Process Application Market Report 2020-2025: Global Industry Trends, Top Companies, New Technology, Demand and Opportunity
According to the latest report by IMARC Group, titled "Smart Process Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global smart process application market grew at a CAGR of around 10% during 2014-2019. A smart process application (SPA) is a software application that is designed to facilitate the business process management efforts of an organization in a collaborative manner. It employs complex algorithms and data management solutions to manage these processes in an effective manner. It also integrates content, processes, analytics and communication in an attempt to improve the overall productivity and minimize operational costs of the organization. This application offers numerous benefits to the end users, including enhanced smart process management, simplified licensing and pricing, flexibility of data integration services and transformation of custom services. As a result, it is widely being deployed across numerous industry verticals, such as IT, BFSI, education, retail and manufacturing.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.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/smart-process-application-market/requestsample
Global Smart Process Application Market Trends:
The market is primarily driven by the increasing business complexities faced by numerous organizations on the global level. These companies are widely deploying SPAs to address complex and unpredictable issues arising within the workforce, along with numerous collaborative activities. The deployment is not only expected to reduce the overall operational costs of the organization but also aids them in efficiently adapting to the changes in the operating environment without hampering their profit margins. The growing requirement for business agility across the corporate sector is, therefore, providing a thrust to the market growth. Apart from this, there has been an escalating adoption of virtualization and explorative data analysis across numerous businesses, which is acting as another growth-inducing factor. The market is further driven by the increasing adoption of the remote working model across industries, especially in the corporate sector, on account of the rapid outbreak of the coronavirus disease (COVID-19). This has created an escalating demand for integrating in-office and remote employees on a collaborative platform. Coupled with the widespread utilization of personal devices at workplaces and the emerging trend of bring your own devices (BYOD), this is providing an impetus to the market growth. Some of the other factors contributing to the market growth include the increasing applications of SPAs in the healthcare sector, technological advancements in the information technology (IT) industry and the advent of Industry 4.0. On account of the aforementioned factors, the market is anticipated to witness strong growth during 2020-2025.
For more information about this report visit: https://www.imarcgroup.com/smart-process-application-market
Market Summary:
On the basis of the offering, the market has been bifurcated into solutions (enterprise content management, business process management, customer experience management, business intelligence and analytics, and others) and services (support and maintenance, professional and managed services).
Based on the deployment type, the market has been bifurcated into on-premises and cloud-based.
On the basis of the organization size, the market has been classified into small sized businesses, medium sized businesses, and large enterprises.
Based on the vertical, the market has been categorized into BFSI, telecom & IT, public sector, energy and utilities, media and entertainment, manufacturing, retail, healthcare, education, transportation and logistics, and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Appian Corporation Inc., Dell Technologies, IBM Corporation, Blue Yonder Group, Inc., Verint Systems Inc., Thoma Bravo, Open Text Corporation, Pegasystems Inc., Salesforce.com, inc., and SAP SE.
Browse related reports:
Soft Skills Training Market: https://sites.google.com/view/technologyresearchreports/soft-skills-training-market
Occupancy Sensor Market: https://sites.google.com/view/technologyresearchreports/occupancy-sensor-market
Gaming Peripherals Market Report: https://sites.google.com/view/technologyresearchreports/gaming-peripherals-market
Lawful Interception Market Research Report: https://www.imarcgroup.com/lawful-interception-market
Company Name: IMARC Group
Contact Person: Robert Smith
Email: sales@imarcgroup.com
Toll Free Number: USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Process Application Market Report 2020-2025: Global Industry Trends, Top Companies, New Technology, Demand and Opportunity here
News-ID: 2180167 • Views: …
More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview
Market Size in 2024: USD 266.2 Million
Market Size in 2033: USD 422.9 Million
Market Growth Rate 2025-2033: 5.3%
According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a…

GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview
Market Size in 2024: USD 73.31 Billion
Market Size in 2033: USD 147.77 Billion
Market Growth Rate 2025-2033: 7.50%
According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by…

GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview
Market Size in 2024: USD 588.2 Million
Market Size in 2033: USD 2,005.3 Million
Market Growth Rate 2025-2033: 13.3%
According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of…

Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview:
The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…