Press release
Remote Working Revolutionizes Smart Process Application Market Growth: Major Factor in the Transformation of the Smart Process Application Market in 2025
Smart Process Application Market Size
The smart process application market has grown rapidly in recent years. It will increase from $58.09 billion in 2024 to $66.06 billion in 2025, at a CAGR of 13.7%. This growth is driven by the rise of smart process applications, the increasing demand for IoT-based systems, and the shortage of manpower in manufacturing industries.
The smart process application market is expected to grow rapidly, reaching $112.99 billion by 2029 with a CAGR of 14.4%. Growth is driven by the rising demand for better process management, cloud computing adoption, real-time analytics needs, and mobile spa demand. Trends include low-code/no-code development, intelligent process automation (IPA), and IoT integration.
What Key Elements Are Boosting Growth in the Smart Process Application Market?
The shift toward remote working is significantly boosting the smart process application market. Remote working refers to a professional arrangement in which employees are permitted to work from home or any other location outside their employer's office. Smart process applications facilitate remote work environments by enabling businesses to digitize paperwork, forms, and faxes while streamlining corporate operations through multi-channel information output. For example, in February 2022, AT&T, a US-based telecommunications company, reported that the proportion of companies adopting a hybrid work model-allowing employees to work both remotely and in-office-is expected to increase from 42% in 2021 to 81% in 2024. Therefore, the rising adoption of remote working is fueling the expansion of the smart process application market.
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Who Are the Major Industry Players Fueling Smart Process Application Market Expansion?
Major companies operating in the smart process application market are Microsoft Corporation, Dell Technologies Inc., Seimens AG, accenture* PLC, International Business Machines Corporation, Oracle Corporation, SAP SE, Fujitsu Limited, Salesforce.com Inc., Capgemini SE, Tata Consultancy Services Limited, Cognizant Technology Solutions Corporation, Adobe Inc., Infosys Limited, Atos SE, Wipro Limited, Tech Mahindra Limited, Genpact Limited, Lexmark International Inc., Open Text Corporation, Infor Global Solutions Inc., TIBCO Software Inc., Pegasystems Inc., Blue Yonder Inc., Software AG, Verint Systems Inc., Kofax Inc., Appian Corporation, HCL Technologies Limited.
Which Key Developments Are Influencing the Smart Process Application Market?
Major players in the smart process application market are focusing on low-code automation to streamline enterprise-scale applications. Low-code automation involves using simplified coding tools to develop and deploy business applications efficiently. For example, in March 2023, Appian Corporation, a US-based software firm, introduced an updated version of its Process Automation Platform. This upgrade enhances total user experience, data fabric, automation, and process mining, all powered by Appian's robust low-code framework. The enhancements improve Appian Portals, allowing for seamless business-to-business and business-to-consumer interactions while enabling process automation directly from the portal interface. Users can also access and display data from Appian's data fabric with simplified querying capabilities.
How Is the Segmentation of the Smart Process Application Market Defined?
The smart process application market covered in this report is segmented -
1) By Type: Software, Services
2) By Solution: Customer Experience Management, Enterprise Content Management, Enterprise Mobility, Business Intelligence And Analytics, Business Process Management, Other Solutions
3) By Deployment: On-Premise, Cloud
4) By Vertical: Banking, Financial Services and Insurance (BFSI), Telecommunications And Information Technology (IT), Media And Entertainment, Manufacturing, Retail, Healthcare, Education, Transportation And Logistics, Other Verticals
Subsegments:
1) By Software: Business Process Management (BPM) Software, Workflow Automation Software, Decision Management Software, Analytics And Reporting Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
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What Is the Leading Region in the Smart Process Application Market?
North America was the largest region in the smart process application market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart process application market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Smart Process Application Global Market Report?
- Market Size Analysis: Analyze the Smart Process Application Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Process Application Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Process Application Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Process Application Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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