BPM software has progressed over time to the point where it can now be readily linked with mobile app development platforms and give its capabilities through a standard process modelling environment. BPM and mobility can be combined to develop mobile app-enabled applications and the flexibility to operate remotely from any place without missing a beat for businesses.
The global mobile BPM market size was estimated to reach over USD 2.9 billion in 2020, and projected to grow at a CAGR of 21.2% over the forecast period. This can be ascribed to the key benefits such as faster planning, reduced complexities, and increased profits. In addition, these solutions allow for the integration of intelligence into business operations and procedures, resulting in more effective and efficient operational efficiency. Built-in mobile application development features in BPM solutions provide a rich foundation for developing, deploying, and managing flexible hybrid mobile apps that support numerous mobile environments. Organizations can create higher efficiencies and assure a faster Return on Investment by combining the power of BPM with the usefulness of business applications (ROI).
Mobile Business Process Management (BPM) is a specially developed information system that enables business partners, customers, and employees to communicate effectively. Furthermore, it strives to increase operational performance and turnaround time by utilising mobile devices to facilitate business process operations. Business Process Management (BPM) enables businesses to make better decisions, automate activities, and capitalise on possibilities in the worldwide BPM industry.
Mobile BPM Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 2.9 billion|
|Growth Rate||CAGR of 21.2% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||IBM Corporation, Fujitsu, Oracle, Opentext Corporation, and Software Ag, Appian, Pegasystems Inc., Emc Corporation, Hyland Software Inc., and TIBCO Software.|
Key Segments of the Global Mobile BPM Market
Type Overview, 2015-2028 (USD Billion)
- Content and Document Management
- Monitoring and Optimization
- Process Modelling & Design
Application Overview, 2015-2028 (USD Billion)
- Government & Defense
- IT & Telecom
- Consumer Good & Retail
Regional Overview, 2015-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Mobile BPM Market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Mobile BPM Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Mobile BPM industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on Type, Type, Application, and Application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Mobile BPM Market. The report will benefit:
- Every stakeholder involved in the Mobile BPM Market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global Mobile BPM Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Mobile BPM Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
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In every manufacturer's day-to-day operations and licence to operate, however, product stewardship is a vital aspect. Nevertheless the dedication to EHS management is evidenced by an efficiently controlled product stewardship process and allows increasing demands for safer and healthier eco-friendly goods to be met. By reducing the risk of damage to both the environment and society, the stewardship process adds value to goods. Rising the amount of quality management embraced by manufacturers could provide a catalyst for the global market for product stewardship. In the global product stewardship industry, capitalising on product stewardship opportunities in supply chains will also help to boost efficiency and gain competitive advantage.
Based on type, the Automation segment of the market is projected to grow at the highest CAGR from 2019 to 2025. Several industries such as banking & finance, government, and defense sector are seeking for automating their business process to generate aacurate results. In recent years, companies drawing upon mobile or platform-based business models have increased substantially in number and size. Business process management helps to efficiently monitor & optimize business activities. Further, process modelling & design segment is projected to grow at the significant CAGR over the forecast period.
Application segment is comprised of BFSI, government & defense, it & telecom, consumer good & retail, and manufacturing. The BFSI segment is expected to lead the market from 2019. The growth of this segment can be attributed to the increasing focus on automation in banking industry. In addition, the increasing adoption of AiI and IoT enabled devices across IT & Telecom and manufacturing sector is likely to accelerate the adoption of mobile BPM services. Further, the growing need for content and document management and automation across consumer good & retail, and BFSI is also projected to fuel the market growth.
In various regions across the globe, the global Mobile BPM market is experiencing steady growth. With regard to the regional outlook, Asia Pacific is projected to rank higher in terms of market share than other regions of the global market for Mobile BPM. Growing demand for automation tools across small & large scale enterprises across the developing countries such as India and China in Asia Pacific is projected to witness a prolific growth in the coming years. The growth of North America's global Mobile BPM market may also be influenced by an concerns of cyber security in enterprises in the region. The implementation of Mobile BPM in the North American region is motivated by demand for better data management across banks, finance institutions.
The global market for Mobile BPM is made up of a large number of influential players. Market players such as IBM Corporation, Fujitsu, Oracle, Opentext Corporation, and Software Ag dominate the worldwide Mobile BPM market. Some of the few other players include Appian, Pegasystems Inc., Emc Corporation, Hyland Software Inc., and TIBCO Software.