Forrester Research is predicting Smart Process Applications market to grow to $34 billion by 2015.
These are software applications designed to support business activities that are people-intensive, highly variable, loosely structured, and subject to frequent change. This next generation of packaged apps will encapsulate current best practices in these collaborative business processes yet make it possible for the app to reflect continuous improvements in how collaboration can occur.
Smart Process Application is just one sub-set of larger smart application market. The emergence of smart applications is going to revolutionize software industry and define the next set of frontiers in that market.