Mobile Business Process Management (BPM) Market – Trends, and Forecast 2025
Albany, NY -- (SBWire) -- 12/24/2018 --Mobile Business Process Management(BPM) solutions helps to support various organizations thereby enhancing the business functionalities and processes which in turn aims at enabling efficient management of resources thereby enhancing decision making process.To ensure stability, it is necessary that there is always need for strong operational processes,productivity at optimum level to reduce operational cost followed by coordinated functionality.In order to survive tough competition in the market,various business organizations are required to differentiate their business process.Hence, mobile Business Process Management(BPM) is particularly designed information system that allows business partners,customers and staffs to interact efficiently.In addition,it also aims at efficient business process operation with the help of mobile devices which in turn improves the operational performance and turnaround time.Business Process Management (BPM)basically helps the organizations to make better decisions,automate operations and also exploit opportunities in the global Business Process Management (BPM) market. Various mobile BPM applications also provide advantage of position based services which in turn aims at dynamically modify various business processes based on current situation.The global Mobile (BPM) market is expected to rise at a higher rate during the forecast period from 2017 to 2025.
Global Mobile Business Process Management (BPM) market has been segmented on the basis of solution, services, deployment and end user industry. By solution, the market is further bifurcated into content and document management, monitoring and optimization, integration and process modeling and design among others. On the basis of deployment, the market is segregated into public,hybrid and private cloud.
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On the basis of services, the global Mobile BPM market is bifurcated into integration and design, maintenance and support and consulting among others. End user segment is further segregated into healthcare,banking, financial services and Insurance (BFSI), telecommunications, consumer goods and transportation among others. Cost efficiency and return on investment from mobile BPM suites followed by increasing need for business activities and efficiency in compliance control are the major driving factors responsible for the growth of global Mobile Business Process Management (BPM) market during the forecast period from 2017 to 2025.However, misconception about Mobile Business Process Management (BPM) solutions among various end users and resistance of employees to mobile BPM are identified as key restraining factors in the growth of this market. Increase in adoption of cloud,growth in amount of data and increasing complexities of business developments and increased focus on mobile technologies are some of the key opportunity factors in the growth of global Mobile BPM market.
Geographically, global Mobile Business Process Management (BPM)has been segmented into North America, Asia Pacific (APAC), Europe, Middle- East and Africa (MEA)and Latin America. In 2016, North America held the largest share of the Mobile Business Process Management (BPM) market owing to more customer-centric and increasing adoption of mobile BPM solution. The U.S held the largest market for mobile business process management market across the North America region. Asia Pacific is expected to be the fastest growing market for global Mobile Business Process Management (BPM) market as various enterprises are now focusing on adopting this technology for improving their business process productivities in this region. In addition, the Asia Pacific is an attractive region for all Mobile Business Process Management (BPM) vendors. All these factors are expected to increase the demand of Mobile Business Process Management (BPM) market during the forecast period from 2017- 2025.
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The major players operating in the global Mobile Business Process Management (BPM) market includes IBM Corporation (The U.S), Fujitsu (Japan), Oracle Corporation (The U.S), Opentext Corporation (Canada), Software AG (Germany), Appian (The U.S), Pegasystems Inc.(The U.S), Dell EMC (The U.S), Hyland Software, Inc. (The U.S), and Tibco Software (The U.S) among others.
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