The global process mining software market is anticipated to grow at a CAGR of 40.9% during the forecast period (2022-2028). Key companies operating in the industry is highly inclined toward the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace which boosts the global process mining software market during the forecast period. For instance, in February 2021, Celonis signed a partnership with Protiviti, a global consulting firm. Under this collaboration, the companies deliver Controls Excellence Process Mining App. Protiviti presented its Controls Excellence App based on the Celonis Execution Management System platform. This app utilizes machine learning, advanced analytics, and data visualization to assist business leaders to recognize control failures in real-time, pinpoint the main reason for the failure, and make data-driven decisions to improve process effectiveness and efficiency.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/process-mining-software-market
Furthermore, in July 2020, Fujitsu launched the AI technology that specifically captures important features, which include the distribution and probability of high-dimensional data to improve the precision of AI detection and judgment. Fujitsu integrated deep learning technology with its expertise in image compression technology, to create an AI technology that enhances the processing of high-dimensional data with extensive learning technology, and precisely takes out data features.
Additionally, in August 2019, ABBYY acquired TimelinePI, a developer of cloud-based business process management solutions. Through this acquisition, ABBYY’s deep understanding of enterprise content in all its forms integrated with the necessary process context presented by the TimelinePI technology allows users to get a level of digital intelligence earlier unavailable
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Deployment Type
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- ABBYY Solutions Ltd., IBM Corp, UiPath, Inc., Fluxicon BV, and Celonis, Inc.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Process Mining Software Market Report by Segment
By Deployment Type
By Application
By End-User
Global Process Mining Software Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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