Mobile Bpm Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Mobile BPM Market in 2021

The global mobile Business Process Management (BPM) market size in 2021 was valued at USD 2.5 billion. It is expected to witness a Compound Annual Growth Rate (CAGR) of 12.5% from 2021 to 2028, reaching a market value of USD 6.8 billion by the end of the forecast period.

COVID-19 Impact on the Mobile BPM Market

The outbreak of the COVID-19 pandemic has significantly impacted the mobile BPM market. With the increase in remote work and virtual collaborations, the demand for mobile BPM solutions has surged. Organizations across various industries have increasingly adopted mobile BPM tools to streamline their processes and enhance efficiency amidst the pandemic.

The market saw a spike in demand for mobile BPM solutions as businesses shifted towards digital transformation to adapt to the new normal. The pandemic acted as a catalyst for the adoption of mobile BPM technologies, driving the market growth during the crisis.

Mobile BPM Dynamics

The mobile BPM market is dynamic and constantly evolving with advancements in technology and changing business landscapes. Key factors driving the growth of the mobile BPM market include the increasing focus on process automation, the rising need for real-time data access, and the growing trend of mobile workforce management.

Furthermore, the integration of Artificial Intelligence (AI) and Machine Learning (ML) capabilities into mobile BPM solutions is propelling the market forward by enabling intelligent process automation and predictive analytics. This automation of complex business processes is enhancing operational efficiency and driving the adoption of mobile BPM technologies across various industry verticals.

Segments and Related Analysis

Segment 1: By Deployment Type

- On-premise

- Cloud-based

Segment 2: By Component

- Software

- Services

Segment 3: By Organization Size

- Small and Medium Enterprises (SMEs)

- Large Enterprises

Segment 4: By Industry Vertical

- IT and Telecom

- BFSI

- Healthcare

- Manufacturing

- Retail

By Region Analysis

The mobile BPM market is segmented into regions including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Each region exhibits unique growth opportunities and challenges for the mobile BPM market.

North America

- The North American mobile BPM market is driven by the presence of key market players and the early adoption of advanced technologies in the region.

Europe

- The European mobile BPM market is characterized by the increasing focus on digital transformation initiatives across industries, driving the demand for mobile BPM solutions.

Asia Pacific

- The Asia Pacific mobile BPM market is witnessing rapid growth due to the rising adoption of mobile technologies and the increasing penetration of smartphones and tablets in the region.

Latin America

- The Latin American mobile BPM market is expanding with the growing emphasis on improving operational efficiency and enhancing customer experiences in the region.

Middle East and Africa

- The Middle East and African mobile BPM market are experiencing significant growth opportunities driven by the increasing investments in digital infrastructure and the adoption of mobile technologies across various sectors.

Key Market Players and Competitive Landscape

Some of the key players in the mobile BPM market include IBM Corporation, Oracle Corporation, Pegasystems Inc., Software AG, and Appian Corporation. These companies are focusing on strategic collaborations, product innovations, and mergers and acquisitions to strengthen their market position and gain a competitive edge.

The competitive landscape of the mobile BPM market is characterized by intense competition, rapid technological advancements, and evolving customer demands. Key market players are investing heavily in research and development activities to introduce innovative solutions that cater to the growing needs of businesses across various industries.

Recent Happenings in the Mobile BPM Market

- In June 2021, IBM announced the launch of its new mobile BPM solution, designed to enable seamless process automation and workflow management on mobile devices.

- In August 2021, Oracle Corporation introduced a next-generation mobile BPM platform that integrates AI-driven capabilities for enhanced process optimization and decision-making.

- In November 2021, Pegasystems Inc. unveiled a new mobile BPM tool that offers advanced analytics and real-time insights to drive operational efficiency and business agility.

- In January 2022, Software AG partnered with a leading tech company to develop a cutting-edge mobile BPM solution that combines IoT and AI technologies for automated process management.

These recent developments underscore the dynamic nature of the mobile BPM market and the continuous innovation efforts of key market players to meet the evolving needs of businesses in the digital era.