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According to a new report North America Mobile Business Process Management Market, the market is expected to attain a market size of $1.6 billion by 2022, growing at a CAGR of 19.4% during the forecast period.
The North American region is shifting focus to being customer centric, therefore, are shifting to digital businesses. Such a move in the region will be a favoring factor for the overall demand of mobile business process management solutions. Uncertain business environment, and changing business cycles and market trends compel businesses to focus on areas where optimization can be achieved and efficiency is maximized. Decisions makers have compliance as a priority and adherence is of foremost importance.
Among all verticals, the BFSI sector contributed the largest share of around 21% in the mobile BPM market, followed by consumer & retails segment. Healthcare segment is expected to witness the highest CAGR from 2016 to 2022.
Process Improvement type dominated the North America Mobile Business Process Management market by solution type with market share of around 28%. Monitoring & optimization on the other hand is expected to register a highest CAGR of 22.0% during the forecast period (2016-2022). Business Process Management Market Revenue Growth Trend by Country 2015 - 2022 Sales & marketing segment dominated the North America Mobile Business Process Management market by function type. The segment generated revenue of $141.4 M in 2015. However, customer relationship management segment on the other hand is expected to register a highest CAGR of during the forecast period (2016-2022). In North America, U.S continues its dominance in this market with a market size of $246.0 million, in 2015. Mexico however, would witness maximum CAGR of 24.4% during the forecast period. The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries. The key influencing factors of the North America Mobile Business Process Management market have been discussed in the report along with the elaborated company profiles namely IBM Corporation, Microsoft Corporation, HP Enterprise Company, FireEye, Inc., Logrhythm, Inc., Alien Vault, Inc., Oracle Corporation, Fujitsu Limited and Open Text Corporation.