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Process Analytics Market is Booming (50.41% CAGR)| KOFAX INC., Lana Labs GmbH, Worksoft, Inc., QPR Software, Cognitive Design Technology, Signavio

Process Analytics Market

Process Analytics Market

Global Process Analytics Market research report highlights the key opportunities in the market and influencing factors that help businesses gain competitive edge. The report is a great resource that offers current as well as upcoming technical and financial details of the ICT industry to 2026. Additionally, this market research report provides a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. While preparing this Global Process Analytics Market report, every aspect is carefully handled that embraces public demands, competencies and the constant growth of the working industry, vibrant reporting, and high data protection services.

Global Process Analytics Market is expected to rise from its initial estimated value of USD 189.89 million in 2018 to an estimated value of USD 4974.11 million by 2026, registering a CAGR of 50.41% in the forecast period of 2019-2026. Increasing focus on improving customer experience is the major factor for the growth of this market.

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Global Process Analytics Market By Process Mining Type (Process Discovery, Process Conformance, Process Enhancement), Deployment Type (On- Premises, Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Application (Business Process, Information Technology Process, Customer Interaction), Types (Software, Services), Industry (BFSI, Telecommunications and IT, Retail and e-commerce, Government and defense, Healthcare, Manufacturing, Energy and utilities, Construction and engineering, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Some of the major competitors currently working in the global process analytics market are Fluxicon BV, Icaro Tech, KOFAX INC., Lana Labs GmbH, Worksoft, Inc., QPR Software, Cognitive Design Technology, Signavio, SNP Schneider-Neureither & Partner SE, Software AG, FUJITSU, Broadcom, Process Analytics Factory GmbH, StereoLOGIC.

Market Definition:

Process analytics is a method which is used to improve the functioning of the system by improving the efficiency and effectiveness so that it can achieve its end goals. The main aim of the process is to check how process is working and make required changes so that process can be improved. These days they are widely used in industries like telecommunication, retail, healthcare etc. Increasing prevalence for task- level automation among consumer is fuelling the growth of this market.

Market Drivers:

Rising adoption of task- level automation is driving the growth of this market

Increasing partnership between process analytics and ERP vendor is another factor driving the growth of this market

Market Restraints:

Lack of skilled and trained professional is restraining the growth of this market
Increasing demand of open- source alternatives for commercial solutions is another factor driving the growth of this market

Table of Contents:

1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports

Access Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-process-analytics-market

Segmentation:

By Process Mining Type

Process Discovery
Process Conformance
Process Enhancement

By Deployment Type

On- Premises
Cloud

By Organization Size

Small and Medium-Sized Enterprises
Large Enterprises

By Application

Business Process
Information Technology Process
Customer Interaction

By Types

Software
Services

By Industry

BFSI
Telecommunications and IT
Retail and e-commerce
Government and defense
Healthcare
Manufacturing
Energy and Utilities
Construction and Engineering
Others
Education
Research
Travel and Hospitality
Outsourcing Services

By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Key Developments in the Market:

In May 2019, Moody’s Analytics announced the launch of their new risk and analytics platforms- CAP solution. This specially designed to provide the risk management professionals direct access to the same data and models that Moody Analytics uses. This will also help the financial institution to reduce the overall cost and maintenance and support of the models.

In April 2019, Repligen Corporation announced that they have acquired C Technologies Inc. which helps the Repligen to grow in the Process Analytics segment of bioprocessing with best- in- class protein measurement technologies and new developed products. This acquisition will also help the company to expand their business and improve their business with new developments.

Competitive Analysis:

Global process analytics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of process analytics market for global, Europe, North America, Asia-Pacific and South America.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

About Data Bridge Market Research

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

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