Process Analytics Service Market Review and Outlook by 20 Companies | Lana Labs, Minit, Logpickr, Timelinepi, Scheer, Monkey Mining, Celonis, Fluxicon, Icaro Tech, Kofax

In this Process Analytics Service Market report, several aspects about the market research and analysis for the industry have been underlined. Process Analytics Service Market report has been designed by keeping in mind the customer requirements which assist them in increasing their return on investment (ROI). This Process Analytics Service Market research report is formulated with the most excellent and superior tools of collecting, recording, estimating and analysing market data of Ict industry. As per the DBMR team predictions cited in this report, the market will grow with a specific CAGR value in the forecast period of 2020 to 2026. A number of business challenges can be conquered with this Process Analytics Service Market research report.

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Global Process Analytics Service Market, By Process Mining Type (Process Discovery, Conformance, Enhancement), Deployment Type (On-Premises, Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Application(Business Process, Information Technology Process, Customer Interaction), Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025

Market Analysis: Global Process Analytics Service Market

The Global Process Analytics Service Market is expected to reach USD 3218.1 million by 2025 from USD 124.9 million in 2017 and is projected to grow at a CAGR of 50.1% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Process Analytics Service Market

Process analytics is used for improving the understanding of the system alongside deciding the potential focuses for process improvement by removing waste and increase efficiency. It also refers to a detailed breakdown of the phases of the procedure for conveying input and output at each phase. Implementation of digital transformation will create awareness for analyzing and accepting business process. Moreover, it is collaboration between process analytics and Enterprise Resource Planning (ERP) vendors. For instance, in 2018, Software AG launched a strategic partnership with GFT's consultancy expertise. It provides digital platform for innovation and industrial production. According to Statista, in 2017, the IT process was projected to reach around USD 200 billion worldwide by 2019.

Market Drivers and Restraints:

Rise in the implementation of task-level automation
Raising need for enhance process auditing and compliance
Increasing collaborations between process analytics and ERP vendors
Lack of skills and expertise

Set of qualitative information that includes PESTEL Analysis, PORTER Five Forces Model, Value Chain Analysis and Macro Economic factors, Regulatory Framework along with Industry Background and Overview

Few of the major competitors currently working in the Global Process Analytics Service Market are Lana Labs, Minit, Logpickr, Timelinepi, Scheer, Monkey Mining, Celonis, Fluxicon, Icaro Tech, Kofax, Worksoft, Puzzle Data, QPR Software, Cognitive Technology, Signavio, SNP, Your Data, Process Mining Group, Software AG, Fujitsu, Kofax, CA Technologies and many more.

What are the major market growth drivers?

Process Analytics Service Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Process Analytics Service Market.

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Regional and Country-level Analysis

To comprehend Global Process Analytics Service Market dynamics in the world mainly, the worldwide Process Analytics Service Market is analyzed across major global regions. DBMR also provides customized specific regional and country-level reports for the following areas.

North America: United States, Canada, and Mexico.

South & Central America: Argentina, Chile, and Brazil.

Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.

Europe: UK, France, Italy, Germany, Spain, NORDIC {Sweden, Norway, Finland, Denmark etc}, BENELUX {Belgium, The Netherlands, Luxembourg}, and Russia.

Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

What Porter's Five Forces of Competitive Analysis Provides?

Supplier power: - An assessment of how easy it is for suppliers to drive up prices. This is driven by the: number of suppliers of each essential input; uniqueness of their product or service; relative size and strength of the supplier; and cost of switching from one supplier to another.

Buyer power: - An assessment of how easy it is for buyers to drive prices down. This is driven by the: number of buyers in the market; importance of each individual buyer to the organisation; and cost to the buyer of switching from one supplier to another. If a business has just a few powerful buyers, they are often able to dictate terms.

Competitive rivalry: - The main driver is the number and capability of competitors in the market. Many competitors, offering undifferentiated products and services, will reduce market attractiveness.

Threat of substitution: - Where close substitute products exist in a market, it increases the likelihood of customers switching to alternatives in response to price increases. This reduces both the power of suppliers and the attractiveness of the market.

Threat of new entry: - Profitable markets attract new entrants, which erodes profitability. Unless incumbents have strong and durable barriers to entry, for example, patents, economies of scale, capital requirements or government policies, then profitability will decline to a competitive rate.

Five forces analysis helps organizations to understand the factors affecting profitability in a specific industry, and can help to inform decisions relating to: whether to enter a specific industry; whether to increase capacity in a specific industry; and developing competitive strategies.

TABLE OF CONTENTS GLOBAL Process Analytics Service Market

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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