Global Process Mining Software Market


Posted October 26, 2020 by chetanag

Global Process Mining Software Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.
 
Global Process Mining Software Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.

 

 

The report covers an in-depth analysis of COVID-19 pandemic impact on Global Process Mining Software Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.

Global Process Mining Software Market Dynamics:

Process mining is a type of software analyses log as well as other data produced by business processes to facilitate improvement process and to identify business automation opportunities. Helps to eliminate uncertainty and optimises processes or consumer experiences by making sense of event logs. The insights gained from event logs will help companies enhance their effectiveness and productivity. Process mining software becoming capable of processing and interpret data from other software in an acceptable manner to streamline the business processes. Process mining incorporates the power of data-based research techniques, such as data mining and machine learning, to help businesses explore the as-is process together with its variants and to find opportunities for optimization and automation. Process mining is a technical method which requires the analysis of real business processes by identifying trends, patterns and particulars in the data logs of information systems. Also, empowers corporations to improve their business processes through enriched insights. The insights generated by process mining enable businesses to find answers to enforcement and performance-related queries. It collects data by auditing and analysing hundreds and thousands of business processes in large organisations. Uses advanced algorithms to completely understand the workings of business processes. Collaborations between process analysis and enterprise resource planning (ERP) vendors and an increase in the implementation of task level automation are expected to fuel the market over the forecast period.

Global Process Mining Software Market is segmented by component, by deployment, industry vertical, organization size and by region. By component, solution is anticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the rising analysis of raw data into streamlined process across the organizations. Process Conformance is the leading segment among the solutions owing to the variations between the derived business process and optimal processes can be diagnosed and non-conformance can be illustrated and visualised. By deployment, on-premises held the highest market share in 2019 due to the one-time license fee, along with an annual services agreement, which includes free upgradation and installation of new functionalities. The cloud-based segment is anticipated the market due to the due to the reduced costs and no need of deployment with simplified management. Moreover, it can be accessed remotely from anywhere. The growth of the cloud-based applications is due to the penetration of internet-of-things applications. Moreover, it can be accessed remotely from anywhere. By industry vertical, healthcare and life sciences segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period due to the helping to track the journey of patients, enhancing their experience and maximising the functioning of hospitals. By organization size, large organization segment held the largest market share due to the large investments on requirements on the GDPR solutions and services.

By geography, global process mining software market is segmented into North America, APAC, Europe, MEA & Africa and South Africa. Among these, Europe held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing widespread acceptance of innovations and the upcoming analytics technology among the large numbers of vendors operating in the region. Several European countries are also integrating process analytics tools into their current analytics portfolio to receive fast and actionable executive insights to keep pace with their analytical-driven rivals in other regions.
The service in the market in North America is forecasted to provide a huge market scope for the adoption of process analytics tools.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Process Mining Software Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Process Mining Software Market dynamics, structure by analyzing the market segments and project Global Process Mining Software Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Process Mining Software Market the report investor’s guide.
Scope of Global Process Mining Software Market

Global Process Mining Software Market Segmentation by Component

• Solution
o Process Discovery
o Process Conformance
o Process Enhancement
o Others
• Services
o Integration
o Support & Maintenance
o Consulting
Global Process Mining Software Market Segmentation by Deployment

• On-Premise
• Cloud-based
Global Process Mining Software Market Segmentation by Industry Vertical

• Banking Financial Industry Vertical and Insurance
• Healthcare and Life Sciences
• IT and Telecommunication
• Energy and Utilities
• Manufacturing
• Transportation
• Retail
• Education
• Government & Defence
• Others
Global Process Mining Software Market Segmentation by Organization Size

• Large Enterprises
• Small Medium Enterprises
Global Process Mining Software Market Segmentation by Region

• North America
• APAC
• Europe
• ME & Africa
• South Africa
Global Process Mining Software Market Major Players

• Celonis GmbH
• Datapolis
• Exeura
• Fluxicon BV
• FUJITSU
• Hyland Software, Inc.
• Everflow
• Kofax
• Minit
• Cognitive (myInvenio)
• QPR Software Plc
• Signavio
• Software AG
• UiPath
• ABBYY
• FortressIQ
• SKAN

 

 

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Last Updated October 26, 2020