Mobile business process management (BPM) is a vital technique used to impart flexibility to businesses. It plays an important role in handling business on a daily basis in a convenient manner. It helps to implement daily routines and operations of the business with the help of intelligent software. The mobile business process management market is flourishing because of features such as remote accessibility and maintained data integrity and increased productivity in the business. Escalating adoptions of technologies such as cloud computing, IoT, big data, analytics, and social media platforms has increased the applications of mobile BPM systems.
According to an IndustryARC report, the Global Mobile Business Process Management Market was valued between $14 billion to $16 billion in2018, and the demand is estimated to grow at a profitable CAGR ranging from 5% to 6% during the forecast period 2019-2025. BPM is a systematic approach which makes an organization workflow more effective, efficient, and capable of adapting to an ever-changing environment. BPM software combines the technical and management capabilities of an organization and empowers organizations to align their objectives with the requirements of clients.
Work from Home Trend Disrupting Mobile BPM Market
The increasing focus on reducing operational costs and boosting employee morale has compelled several organizations to offer their employees the option to work from their residences, resulting in an increase in the number of employees working from remote locations. This will lead to the adoption of mobile business process management since it allows employees to access the organization’s resources from any place using various mobile devices.
The analyst of the report has identified that the healthcare industry is holding a major share in the mobile business process management market, estimating its value to increment at a CAGR of 7% to 8% during the forecast period. BPM offers opportunities to leverage big data to improve healthcare for individuals and the general population, through preventive care and proactive responses. Moreover, BPM can fundamentally change the way the business of healthcare is accomplished, with less waste, cost savings, streamlined processes, increased compliance, and better patient care.
Based on the geographical analysis provided by the IndustryARC report, Europe holds a major share of around 32% to 35% among other regions in the global mobile business process management market. The information is based on a recent business intelligence report from IndustryARC, titled “Mobile Business Process Management (BPM) Market -By Solution (Automation, Integration, Others) Service (Maintenance & Support, Integration & Deployment, Others) Deployment (Private, Public Cloud) Industry (Automobiles, Telecommunications, BISF, Others)-Forecast (2019 – 2025).”
Global Mobile Business Process Management Market: Competitive Landscape
IBM Corporation –
- IBM business process on cloud provides a full lifecycle business process management (BPM) environment for development, test, and production—with tooling and run time for execution, optimization, process design, and monitoring. This subscription-based service offers management and visibility of business processes, low start-up costs, and fast return on investment. The capabilities of IBM BPM on Cloud are prolonged with an option called “Premium Availability” to handle client’s mission-critical solutions that needs a higher level of availability and shorter recovery to minimize the impact to their business.
- IBM business processing tool Blueworks Live helps to discover, map and document your processes. In the business process management marketplace, it provides a way to learn and perform business process modeling in minutes.
OpenText Corporation –
- OpenText BPM delivers improved business insight, higher process velocity, and greater desired business impact through strategic planning, automation, and optimization of business processes. This process and case management solutions empower people to work more efficiently, improve the orchestration of complex processes, and outclass the business goals with real-time business insight.
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Business Process as a Service (BPaaS) Market