Mobile BPM (business process management) is a cost-effective way to ensure corporate workflow by providing real-time access to mobile devices from remote locations over the Internet. Employees may manage their daily tasks from remote locations as well as their workplaces, thanks to the growing trend of working from home in many companies and mobile BPM. As a result, the market for mobile BMPs is likely to expand over the forecast period. In addition, a large number of businesses use mobile BPM solutions to automate processes, capitalise on opportunities, make better decisions, and improve turn-around time and operational performance, implying that the mobile BPM market will continue to grow.
Cloud computing, corporate analytics, social networking platforms, and process automation tools are all enjoying an increase in market acceptability right now. These solutions assist in cost savings and more efficient operations by rebuilding the systems backdrop and thereby regulating the technical environment on a standard, centralised platform. The study's purpose is to evaluate market size and future growth potential in a variety of segments, including solution, service, deployment model, end user, sector, and region.
With the use of a specially designed information system known as mobile BPM, customers, employees, and business partners can communicate more efficiently and profitably. It also aids in the resolution of critical challenges such as system redundancy and a lack of operational flexibility and transparency. As a result, increasing mobile BPM use will have an impact on market growth. Because of the benefits it brings, such as enhanced company response, faster processing times, and increased productivity, businesses are rapidly adopting mobile BPM. As a result, there is a growing demand for mobile BPM. Furthermore, technologies such as the Internet of Things (IoT), big data, cloud computing, process automation software, and artificial intelligence are expected to play a vital role in the adoption of business process management, propelling the mobile BPM market ahead.
It lets enterprises to use mobile devices to operate business processes, resulting in faster turnaround times and improved operational effectiveness. With mobile BPM solutions, major issues including duplication in system operations, as well as a lack of transparency and flexibility in processes, may be solved. A large number of businesses use mobile BPM solutions to automate operations, make smarter decisions, seize opportunities, and respond to developments in the mobile BPM market. Location-based services are used by some mobile BPM apps to dynamically adjust a business process based on the current scenario.
The report also emphasizes several distinctiveness of the global mobile BPM industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the mobile BPM industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The mobile BPM market has tough competition among the new emerging and pre-established market vendors. Besides, the mobile BPM industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In the banking, financial services, and insurance industries, mobile BPM is in great demand. Because the financial services industry is prone to economic and financial crises, financial institutions rely on technical solutions to help them maximise their resources and operations. Multiple fundamental banking systems can clash, hampering effective decision-making, therefore banks and financial institutions' IT infrastructure needs to be updated on a regular basis. As a result, attaining cost savings or proper integration between the two blended enterprises becomes challenging. The use of innovative technology has benefited retail banking, which has had a favourable impact on the fintech market landscape.
During the forecast years, the North American region is expected to hold the largest market share. North American businesses reported a strong business driver that prompted them to alter their company operations in order to save money and increase productivity. However, benefits such as enhanced agility and flexibility, as well as the ability to deploy new applications faster, are critical. Additionally, businesses with more than 100 employees in the United States use cloud-based software. According to a 2019 study by IBM's Institute for Business Value, nearly all businesses surveyed use cloud computing in some manner, with 85 percent using several cloud environments, suggesting that cloud-based BPM platforms have a substantial impact.
The major players of the global Mobile BPM market are Appian, Fujitsu Ltd., HP Development Company, L.P., Hyland Software, Inc., IBM Corporation, Open Text Corporation, Oracle Corporation, Pegasystems Inc., Software AG, Tibco Software Inc., and others. Renowned companies are offering new and modern Mobile BPM software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Mobile BPM Market
Component Overview, 2019-2028 (USD Billion)
- Process Modeling & Design
- Content & Document Management
- Monitoring & Optimization
- Maintenance & Support
- Integration & Deployment
Deployment Model Overview, 2019-2028 (USD Billion)
- Private Cloud
- Public Cloud
- Hybrid Cloud
Organization Size Overview, 2019-2028 (USD Billion)
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Industry Vertical Overview, 2019-2028 (USD Billion)
- Consumer Goods and Retail
- Government & Defense
- Transportation & Logistics
- Telecommunication and ITES
Regional Overview, 2019-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America