Press release
Smart Process Application (Spa) Market is expected to reach USD 99.79 billion by 2032, :Kofax Ltd, Salesforce, IBM Corporation, Appian, SAP, Opentext Corporation, KANA Software Inc, Pegasystems, Lexmark International, EMC Corp, JDA software, Baan Corp
Rising complexity due to increasing amount of data is driving the market. The complexity of business data is growing, as companies look to analyze data from many new and disparate sources as part of their tactical and strategic decision-making. Tasks like managing complicated data schemas, setting up automated ETL processes and securing data quality and governance are difficult tasks. Hence in order to manage such complex data, organizations are making use of smart process applications to simplify the analysis with the existing piles of data.
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The healthcare system is a complex network. There is an ongoing data flow across the healthcare providers and the patients. Along with this, the hospital management also needs access to the data for accounting purposes. The HIPAA act lays down the rules of sharing medical information especially EHR, diagnostic results, etc amongst institutions. Mobile technology is making this complex ecosystem move data more efficiently. Data can move through the system faster with phones and tablets working as end-points..
According to Great Call, at present, 25 percent of physicians use smartphones, tablets and other mobile devices to deliver care to patients and with ageing population, shortage in staff and rising costs, there has been pressure on healthcare industry. Hospitals are increasingly turning to technology and automation to improve operational efficiency.
According to source of Future of Healthcare, 2022 Hospital Vision Study, 55% of hospitals are aiming to reduce cost of patient care, 72% featured improved quality of patient care and 61% reported reduced medication administration errors through mobile software.
The market was studied across External Smart Process Application (Spa) and Internal Smart Process Application (Spa) based on Category. Report provides a basic overview of the industry including definitions, classifications, applications and Smart Process Application (Spa) industry chain structure. Top Companies in this report are: Kofax Ltd, Salesforce, IBM Corporation, Appian, SAP, Opentext Corporation, KANA Software Inc, Pegasystems, Lexmark International, EMC Corp, JDA software, Baan Corp
North America Account for Significant Market Share
North America region is having the highest market share and is expected to show a moderate growth rate, due to the early adoption of smart process applications by various businesses in the continent.
The dynamic functioning of organizations in the region has further helped the growth of the market. Consumerization of IT services & devices has cemented the ground for BYOD (bring your own device) among the enterprises, supporting the enterprise mobility trend.
Also, with the high availability of adequate infrastructure, the presence of numerous global financial institutions, and increased adoption of IoT devices and internet users, the adoption of business process management will increase in this region.
Segmentation
The report offers an in-depth assessment of the Smart Process Application (Spa) market strategies, geographic and business segments of the key players in the market, also provides insights on current and future market trends, prominent regional market analysis and industry chain analysis of the global and regional Smart Process Application (Spa) markets.
Smart Process Application (Spa) Market Segmentation by Type:
Customer Experience Management, Enterprise Content Management, Enterprise Mobility, Business Intelligence and Analytics, Business Process Management, Others.
Smart Process Application (Spa) Market Segmentation by Application:
Entertainment and Media, Logistics, Healthcare, BFSI, Retail, Telecommunications, Energy and Power, Commercial Utilities, Manufacturing
Competitive Landscape
The smart process application (spa) market is highly fragmented due to the presence of many small and medium-sized companies that are competing with each other and also with large enterprises. Key players are Kofax Ltd, Salesforce, IBM Corporation, etc. Recent developments in the market are -
Jan 2018 - Google Cloud and MobileIron declared a partnership to assign a secure enterprise applications and services portal. MobileIron will help Google to distribute the apps through its enterprise mobility management (EMM) platform and its software can also provide analytics that show which apps and services are the most popular, and with whom.
February 2019 - IDEMIA and MobileIron announce an association to bring eSIM and connectivity management capabilities to the MobileIron UEM/MDM platforms. The IDEMIA Smart Connect Hub integrates with mobile network operator (MNO) systems and brings control of eSIM profiles and their subscription plans within the MobileIron portals
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Cumulative Impact of COVID-19 on Smart Process Application (Spa) report:
Our ongoing Smart Process Application (Spa) report research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. In addition, the updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the Smart Process Application (Spa) market.
The Porter Matrix evaluates and categorizes the Smart Process Application (Spa) vendors in the market based on Business Strategy (Industry Coverage, Business Growth, Financial Viability, and Channel Support) and Smart Process Application (Spa) Product Satisfaction (Ease of Use, Product Features, Value for Money, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Smart Process Application (Spa) Market Share Analysis: Knowing Smart Process Application (Spa)'s market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the Smart Process Application (Spa) market characteristics in accumulation, dominance, fragmentation, and amalgamation traits.
The report answers questions such as:
What is the Smart Process Application (Spa) market size and forecast of the Global Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Process Application (Spa) Market during the forecast period?
Which products/segments/applications/areas to invest in over the forecast period in the Global Smart Process Application (Spa) Market?
What modes and strategic moves are suitable for entering the Global Smart Process Application (Spa) Market?
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