LONDON--(BUSINESS WIRE)--The global mobile business process management (BPM) market is expected to grow at a CAGR of close to 21% during the forecast period, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the global mobile business process management market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of mobile BPM solutions, including functionalities, integrated solutions, and services (consultation, outsourcing, training, and maintenance) in mobile devices such as smartphones and tablets.
According to a study carried out by Technavio researchers, 80% of internet users at present use smartphones. Mobile BPM vendors are capitalizing on the growing use of smartphones and are looking to make consumers convenient with mobile BPM applications.
“The growing adoption of smartphones in APAC should also fuel the market growth and this is predicted to help the region register the highest CAGR of close to 26% during the forecast period. Australia and New Zealand are the major mobile BPM revenue generators in APAC,” says Amrita Choudhury, a lead analyst at Technavio for research on enterprise application.
Technavio’s research study segments the global mobile business process management market into the following regions:
- Americas
- EMEA
- APAC
Americas: largest market for mobile business process management
The Americas is leading the global mobile BPM market as most organizations in the region are technologically advanced in terms of business processes. There is a conscious effort to build a cost-effective infrastructure and increase the flexibility of the system to comply with the changing business environments. This, coupled with the increased adoption of BPM market solutions in sectors such as healthcare, telecom, BFSI, transportation and logistics, retail, and utilities, is driving the market growth. “Enterprises are continuously looking for ways to integrate applications for providing end-to-end solutions to end-users. Some communication service providers are increasing the bandwidth support provided to end-users in the region,” adds Amrita.
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Market in EMEA to grow at a CAGR of 20.35%
The need to optimize the agility of business process, coupled with the cost control measures, is boosting the deployment of mobile BPM in EMEA. BPM providers have expanded their portfolio of products and services in EMEA, and this has fueled its high adoption by enterprises in the region. The mobile BPM market in the Middle East and Africa is still in its infancy, accounting for a small portion of the overall EMEA market share. The market is primarily driven by the growing need for cost-effective business operation. The Middle East and Africa offers growing opportunities for BPM due to the increased spending on information and communications technology by enterprises in the region.
Modernization and focus on improving efficiencies of business processes by organizations to drive APAC’s growth
The increase in the number of IT companies has increased the demand for BPM solutions in APAC. BPM helps the companies in emerging economies to strengthen their position in the IT outsourcing market. The fast adoption of BPM is a major trend in APAC. Mobile BPM solutions are also increasingly being deployed in the region.
The mobile BPM market in APAC is currently in its nascent stage. However, the market has a significant growth potential, and it will grow significantly during the forecast period. Organizations in the region are adopting mobile BPM solutions to reduce their operational costs and to focus on their core activities.
The top vendors in the global mobile business process management market highlighted in the report are:
- Appian
- IBM
- OpenText
- Oracle
- Pegasystems
- Software AG
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