About Mobile Business Process Management
To move from paper-based work, organization is looking for a high level of agility and higher efficiency and better transparency in the business, thus the increasing adoption of mobile business process management. This tool is refer as the automation of business processes of an organization by delivering automate, execute, and to monitor business processes. It helps to fill the gap between people, different applications and the business. Along with this it is also been used for, process improvement, simulation, workflow management and so on. Significant growth has been forecast in the banking, financial services and insurance (BFSI) sectors. Growing adoption of the new methods and advance technology from all size of the organization is booming the demand for it.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 22.43% |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Mobile Business Process Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fujitsu (Japan), Hewlett Packard (United States), HostBridge (United States), IBM (United States), 360logica (India), Adobe (United States), OpenText (Canada), AgilePoint (United States), Attachmate (United States) and Aurea (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BizFlow (United States), CompuWare (United States), Fabasoft (Austria) and Fiorano (United States).
Segmentation Overview
AMA Research has segmented the market of Global Mobile Business Process Management market by Type (Automation, Process Modelling & Design, Integration, Content & Document Management, Monitoring & Optimization and Others), Application (Finance, Banking, Telecom, Manufacturing, Government and Others) and Region.
On the basis of geography, the market of Mobile Business Process Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the Mobile Business Process Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Platform will boost the Mobile Business Process Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Artificial Intelligence (AI) in Business Process Management Platform
Market Growth Drivers:
The Growing Demand for Mobile Business Process Management and Increasing Deployment of Cloud-based Platforms
Challenges:
Reduced Operations Across Different Industries Owing to COVID-19 Pandemic Reducing the Demand for Mobile Business Process Management Platforms
Restraints:
Availability of Open Source Platforms and Choosing Inappropriate Processes to Implement Automation
Opportunities:
The Increasing Automation Across Different Sector
Market Leaders and their expansionary development strategies
In 2022, The acquisition of Neal Analytics, a cloud, data, engineering, and AI Microsoft Gold consulting partner by Fractal, a global provider of advanced analytics and AI to Fortune 500 companies, will scale AI and drive decision-making.
In 2022, The Analytics Automation Company Alteryx Inc. unveiled innovations that enable businesses to implement cloud analytics, democratize insights, and maintain data governance. By providing intelligent data transformation and wisdom in the cloud at scale, Alteryx meets these needs.
Key Target Audience
Mobile Business Process Management Software Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.