NEW YORK, Oct. 29, 2015 /PRNewswire/ -- Smart process application can be defined as the new type of application software aimed at reducing human error rates to improve the efficiency of human centric business activities. Now-a-days the businesses are looking out for different process solution that helps to improve the productivity of unstructured and people intensive activities, to increase the effectiveness of processes and decision making. As digitization has increased the flow of data namely documents, images and video files adding to already existing unstructured and content data.
Major forces driving this market are growing advancements in ICT, connectivity, business agility and limitations with traditional process applications. Over the next 5 years, market for SPA is expected to become highly pervasive across its ecosystem, and penetrating the market to a huge extent covering all geographical territories.
Banking, financial services and insurance (BFSI), and retail have significantly increased their spending on the solutions and services. This rise in global spending for solutions and services has boosted the market opportunities for the companies providing Smart process application (SPA) solutions.
The report also analyses market drivers, restraints and opportunities along with a study on top key players and their competitive look. The report provides key insight into smart process application market current trends and best practices in the market.
The report brings out the smart process application market potential across various regions such as North America, Europe, APAC, Latin America, and MEA. Smart process application market is further segmented into each regional market by deployment type, solutions, verticals, services, and organization size.
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