Process Mining Software Market
Process Mining Software Market Size, Share & Trends Analysis Report, By Deployment Mode (Cloud and On-Premises), By Application (Strategic Sourcing, Contract Management, Category Management, Transactional Procurement, and Supplier Management), By End-User (BFSI, Healthcare, Retail, Manufacturing, IT & Telecommunication, Logistics & Transportation, and Others), Forecast Period (2022-2028)
Process mining software market is anticipated to grow at a CAGR of 40.9% during the forecast period. The factor that drives the global process mining software market during the forecast period is the rising investment of companies in advanced technology integration to improve the efficiency and capabilities of the software. For instance, in October 2019, UiPath took over ProcessGold, a leading process mining vendor based in the Netherlands. The acquisition assisted UiPath to become the first vendor to deliver a solution that brings together both process mining and RPA capabilities.
Impact of COVID-19 Pandemic on the Global Process Mining Software Market
COVID-19 pandemic has had a positive impact on the global process mining software as several industries, such as BFSI, retail, and IT & telecommunication, have instantly implemented cloud-based solutions to provide services to their customers during the COVID-19 pandemic. For instance, in July 2020, Tata Consultancy Services teamed up with Celonis GmbH, an Al-based process mining company, to assist its clients in streamlining their business processes for increased efficiency and operational resilience.
Segmental Outlook
The global process mining software market is segmented based on the deployment mode, application, and end-user. Based on the deployment mode, the market is segmented into the cloud and on-premises. Based on the application, the market is segmented into strategic sourcing, contract management, category management, transactional procurement, and supplier management. Based on the end-user, the market is segmented into BFSI, healthcare, retail, manufacturing, IT & telecommunication, logistics & transportation, and others. The above-mentioned segments can be customized as per the requirements. Among these, the BFSI segment is expected to be the fastest-growing during the forecast period owing to the growing demand for automation and a large client base in the sector. This will surge the demand for process mining software in the BFSI industry during the forecast period.
Cloud Segment to Witness Prominent Share in the Market During the Forecast Period
The cloud segment is expected to hold a prominent share in the global process mining software market during the forecast period owing to the increasing adoption of cloud technologies in industries such as BFSI, manufacturing, and others. Furthermore, this technology delivers efficient and quick process insights that enhance optimization and capacity to compete. For instance, in August 2020, Software AG established ARIS Process Mining Saas, a cloud platform for process mining tools. This software will assist firms in identifying and fixing process inefficiencies and bottlenecks, allowing them to operate more efficiently.
Regional Outlook
The global process mining software market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North American region is expected to be the fastest-growing during the forecast period owing to the presence of prominent key players in this region.
European process mining software market is driven by the growing digital transformation across industries such as BFSI, manufacturing, healthcare, and others, which in turn, is surging the demand for process mining software in European countries. Furthermore, the rising adoption of strategic initiatives by key players such as partnerships propels the global process mining software market during the forecast period. For instance, in September 2020, Celonis GmbH, a Germany-based AI company, enhanced the process mining and process excellence software. It chose Coca-Cola European Partners (CCEP) to change its end-to-end processes to improve efficiency, save money, and improve customer happiness.
Global Process Mining Software Market Growth, by Region 2022-2028
Market Players Outlook
The major companies serving the global process mining software market include ABBYY Solutions Ltd., IBM Corp, UiPath, Inc., Fluxicon BV, and Celonis, Inc. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in October 2020, Hyland launched Hyland Experience Capture (HxC), an intelligent, web-based scanning, classification, and data extraction tool, and Hyland RPA, end-to-end robotic process automation (RPA) suite. The launch of these solutions added to Hyland's content services suite complement Hyland's mission to be the leading provider of advanced content services solutions leading digital transformation.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global process mining software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Process Mining Software Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. ABBYY Solutions Ltd.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. IBM Corp
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. UiPath, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Fluxicon BV
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Celonis GmbH
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Process Mining Software Market by Deployment Type
4.1.1. Cloud
4.1.2. On-Premises
4.2. Global Process Mining Software Market by Application
4.2.1. Strategic Sourcing
4.2.2. Contract Management
4.2.3. Category Management
4.2.4. Transactional Procurement
4.2.5. Supplier Management
4.3. Global Process Mining Software Market by End-User
4.3.1. BFSI
4.3.2. Healthcare
4.3.3. Retail
4.3.4. Manufacturing
4.3.5. IT & Telecommunications
4.3.6. Logistics & Transportation
4.3.7. Others (Energy & Utilities)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1.1. Apromore Pty Ltd
6.1.2. Exeura
6.1.3. Fujitsu Ltd.
6.1.4. Hyland Software, Inc.
6.1.5. Icaro Tech.
6.1.6. Kofax Inc.
6.1.7. Livejourney
6.1.8. Minit j. s. a.
6.1.9. QPR Software Plc
6.1.10. SAP SE
6.1.11. Signavio
6.1.12. Software AG
6.1.13. Soroco Americas Pvt Ltd.
1. GLOBAL PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD-BASED PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ON-PREMISES PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL PROCESS MINING SOFTWARE FOR STRATEGIC SOURCING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PROCESS MINING SOFTWARE FOR CONTRACT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PROCESS MINING SOFTWARE FOR CATEGORY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PROCESS MINING SOFTWARE FOR TRANSACTIONAL PROCUREMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL PROCESS MINING SOFTWARE FOR SUPPLIER MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
11. GLOBAL PROCESS MINING SOFTWARE IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PROCESS MINING SOFTWARE IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL PROCESS MINING SOFTWARE IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL PROCESS MINING SOFTWARE IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL PROCESS MINING SOFTWARE IN IT & TELECOMMUNICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL PROCESS MINING SOFTWARE IN LOGISTICS & TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL PROCESS MINING SOFTWARE IN OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. NORTH AMERICAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23. EUROPEAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. EUROPEAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
25. EUROPEAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. EUROPEAN PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
31. REST OF THE WORLD PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
34. REST OF THE WORLD PROCESS MINING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL PROCESS MINING SOFTWARE MARKET SHARE BY DEPLOYMENT TYPE, 2021 VS 2028 (%)
2. GLOBAL CLOUD-BASED PROCESS MINING SOFTWARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL ON-PREMISES PROCESS MINING SOFTWARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL PROCESS MINING SOFTWARE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5. GLOBAL PROCESS MINING SOFTWARE FOR STRATEGIC SOURCING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ON-PREMISES PROCESS MINING SOFTWARE FOR CONTRACT MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL PROCESS MINING SOFTWARE FOR CATEGORY MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL ON-PREMISES PROCESS MINING SOFTWARE FOR TRANSACTIONAL PROCUREMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PROCESS MINING SOFTWARE FOR SUPPLIER MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL PROCESS MINING SOFTWARE MARKET SHARE BY END-USER, 2021 VS 2028 (%)
11. GLOBAL PROCESS MINING SOFTWARE IN BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL PROCESS MINING SOFTWARE IN HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL PROCESS MINING SOFTWARE IN RETAIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL PROCESS MINING SOFTWARE IN MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL PROCESS MINING SOFTWARE IN IT & TELECOMMUNICATIONSMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL PROCESS MINING SOFTWARE IN LOGISTICS & TRANSPORTATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL PROCESS MINING SOFTWARE IN OTHER END-USERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL PROCESS MINING SOFTWARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. US PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
21. UK PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD PROCESS MINING SOFTWARE MARKET SIZE, 2021-2028 ($ MILLION)
