DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/grv4gl/smart_process) has announced the addition of the "Smart Process Application Market by Solution, by Service, by Deployment Type, by Organization Size, by Verticals, & by Region - Global Forecast to 2020" report to their offering.
The smart process application market is expected to grow from $24.35 billion in 2015 to $43.28 billion in 2020. This represents a Compound Annual Growth Rate (CAGR) of 12.19% from 2015 to 2020. The table and figures below highlight the overall market opportunity in the market (2015-2020)
The smart process applications are special type of application software that is designed to enable the organizations to smartly handle the process that are informative, unstructured, and human intensive in efficient and compliant manner.
The revenue from the SPA-based market has been consistent over the past one year and is expected to gain traction in the next five years, due to increasing new product launches and mergers and acquisition by the existing players. The major areas of opportunities for these applications include increasing business complexity and customer on boarding that will play a crucial role in the growth of smart process application market.
North America (NA) is expected to continue to hold its market position with highest regional market share, followed by the Europe region. However, the APAC region is expected to witness the highest growth rate in the market. It is expected that verticals such as BFSI, public sector, energy and utilities, manufacturing, retail, healthcare and telecom & IT will occupy the leading market share in the overall smart process application market.
Technological developments in ICT, connectivity, mobile devices and increasing business agility will remain the main drivers behind increased adoption of smart process application solutions. Through these solutions, organizations can avail benefits such as structured process and accelerated processing times to better manage and grow their business.
The prominent solution developers in this domain are EMC Corporation, OpenText, Appian, SAP, KANA, Lexmark International, Salesforce.com, and Kofax. These players along with the others present in the market are expected to make a big impact in this rapidly growing marketplace in the next 5 years.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Process Application Market By Solution
8 Smart Process Application Market By Services
9 Smart Process Application Market By Deployment Type
10 Smart Process Application Market, By Organization Size
11 Smart Process Application Market By Vertical
12 Smart Process Application Market By Regions
12 Competitive Landscape
13 Company Profiles
- EMC Corporation
- Kofax Limited
- Lexmark International
- Opentext Corp
For more information visit http://www.researchandmarkets.com/research/grv4gl/smart_process
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SOURCE Research and Markets