Press release
Process Mining Market worth $9.49 billion by 2030, growing at a CAGR of 19.98% - Exclusive Report by 360iResearch
Process Mining Market | 360iResearch
The Global Process Mining Market to grow from USD 2.20 billion in 2022 to USD 9.49 billion by 2030, at a CAGR of 19.98%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/process-mining?utm_source=openpr&utm_medium=referral&utm_campaign=sample
Process mining is an innovative analytical discipline for discovering, monitoring, and improving real processes by extracting data-derived insights from event logs readily available in information systems. It offers a data-driven approach to analyzing the way processes are executed within an organization and helps understand the complexities of operational workflows. Increasing demand for automation and digitization across various industries and Industry 4.0 initiatives by the government have contributed to the growing adoption of process mining. Additionally, the growing importance of improving customer experience and the need for compliance with regulatory standards are urging businesses to adopt process mining solutions. Financial and banking institutions use process mining to streamline customer engagement and account opening and ensure regulatory compliance with legal standards. However, issues related to inaccurate and incomplete data and the difficulty of integrating process mining solutions pose technical constraints to the widespread utilization of process mining. Additionally, the risk of data breach and loss of data privacy raises concerns about the reliability and safety of process mining. Efforts by key players to invest in technological advancements, such as the integration of ML and AI with process mining, can help circumvent data privacy and security challenges.
The Americas region, particularly the United States and Canada, is characterized by a robust and advanced technological landscape, numerous key players, and a strong inclination toward innovating business strategies through technological interventions. The region experiences frequent product launches and continuous process mining software upgrades. Europe has emerged as a crucial hub for process mining, with countries such as the UK, Germany, and France being early adopters. The demand for process mining in this region is supported by a robust regulatory framework that encourages transparency and efficiency in business operations. The presence of strong research and academic collaborations in data science and data analytics projects has contributed to continuous advancements in process mining. The Asia-Pacific market is rapidly expanding, owing to a surge in digital transformation initiatives across emerging economies such as China, India, Japan, and South Korea. This region exhibits a high potential for process mining, particularly because of the extensive manufacturing sector and the growing trend of adopting next-generation technologies to foster operational excellence and enhance customer experiences in business operations. The presence of a growing start-up ecosystem and small and medium-sized enterprises (SMEs) contributes to the continued demand for process mining solutions.
Market Segmentation & Coverage:
This research report categorizes the Process Mining Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Software. The Software is further studied across Conformance Checking Tools, Continuous Monitoring & Analytics tools, Integration & Collaboration tools, Performance Analysis Tools, Process Discovery Tools, Process Enhancement & Simulation Tools, and Visualization Tools. The Software commanded largest market share of 63.71% in 2022, followed by Services.
Based on Enterprise Size, market is studied across Large Enterprises and Small & Medium Enterprises. The Large Enterprises commanded largest market share of 55.23% in 2022, followed by Small & Medium Enterprises.
Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Cloud commanded largest market share of 67.59% in 2022, followed by On-Premise.
Based on Application, market is studied across Category Management, Contract Management, Strategic Sourcing, Supplier Management, and Transactional Procurement. The Supplier Management commanded largest market share of 29.91% in 2022, followed by Strategic Sourcing.
Based on End User, market is studied across BFSI, Healthcare, IT & Telecommunication, Logistics & Transportation, Manufacturing, and Retail & Consumer Goods. The BFSI commanded largest market share of 24.75% in 2022, followed by Healthcare.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.65% in 2022, followed by Europe, Middle East & Africa.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/process-mining?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Process Mining Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Process Mining Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Process Mining Market, highlighting leading vendors and their innovative profiles. These include ABBYY Development Inc., Amazon Web Services, Inc., Appian Corporation Inc., Apromore Pty Ltd., Automation Anywhere, Inc., Capgemini SE, Celonis SE, CIGNEX, Cisco Systems Inc., EdgeVerve Systems Limited by Infosys, Everest Group, Fluxicon BV, Fujitsu Limited, Google LLC by Alphabet Inc., Hyland Software, Inc., iGrafx, LLC, International Business Machines Corporation, Inverbis Analytics SL, Kofax Inc., Mavim B.V., Mehrwerk GmbH, Microsoft Corporation, Oracle Corporation, Pegasystems Inc., QAD Inc., QPR Software PLC, Red Hat, Inc., Salesforce, Inc., SAP SE, Skan, Inc., Software AG, Soroco Americas Private Limited, UiPath, Inc., UpFlux, Wipro Limited, Workfellow Oy, Worksoft, Inc., and Zoho Corporation Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Process Mining Market, by Component
7. Process Mining Market, by Enterprise Size
8. Process Mining Market, by Deployment
9. Process Mining Market, by Application
10. Process Mining Market, by End User
11. Americas Process Mining Market
12. Asia-Pacific Process Mining Market
13. Europe, Middle East & Africa Process Mining Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Process Mining Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Process Mining Market?
3. What is the competitive strategic window for opportunities in the Process Mining Market?
4. What are the technology trends and regulatory frameworks in the Process Mining Market?
5. What is the market share of the leading vendors in the Process Mining Market?
6. What modes and strategic moves are considered suitable for entering the Process Mining Market?
Read More @ https://www.360iresearch.com/library/intelligence/process-mining?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Process Mining Market worth $9.49 billion by 2030, growing at a CAGR of 19.98% - Exclusive Report by 360iResearch here
News-ID: 3398367 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Process
Composites Market Registering a CAGR of 8.0%, by Manufacturing Process (Lay-Up P …
The composites market has witnessed increased usage of composites in the manufacturing of motorbikes, cycles, and cars. Additionally, with aerospace, automotive and transportation, construction, wind energy, marine, and electrical and electronics applications, the composites market is estimated to have accelerated expansion over the forecasted period.
Global Composites Market was valued at USD 88.00 billion in 2021 and is expected to reach USD 162.88 billion by 2029, registering a CAGR of 8.0%…
Process Automation and Instrumentation Market Process Automation and Instrumenta …
Growth of Process Automation and Instrumentation Market is Playing Key Role for Semiconductor Manufacturer and Software Vendors Process automation involves using software, hardware, and computing technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently.
The information is stored and analyzed on a computer with the help of sensors, which collect data on flows, pressures, and temperatures, among other devices.…
Chlor-Alkali Chemical Market: Information by Manufacturing Process (Diaphragm Ce …
Chlor-alkali is a set of scientific procedures followed for manufacturing caustic soda, chlorine, and sodium-based derivatives. Other derivatives from this process include hydrogen gas, sodium hypochlorite, bleaching powder, hydrochloric acid, and chlorinated paraffin. These products are used in a myriad of industries, further driving the market growth.
Manufacturers of chemicals such as chlorine have been upgrading their manufacturing facilities to cater to the growing demand for chlorine and other allied products.…
PASS Process Advanced Service System Market Rising Growth With Keyplayer: Schenc …
A new Profession Intelligence Report released by Stats and Reports with the title Global PASS Process Advanced Service System Market "can grow into the most important market in the world that has played an important role in making progressive impacts on the global economy. Global PASS Process Advanced Service System Market Report presents a dynamic vision to conclude and research market size, market hope and competitive environment. The study is…
1,4 Butanediol Market Report 2018: Segmentation by Technology (Reppe process, Da …
Global 1,4 Butanediol market research report provides company profile for BASF SE (Germany), Dairen Chemicals (Taiwan), LyondellBasell Chemicals (The Netherlands), Shanxi Sanwei Group (China), International Specialty Products (U.S.), Invista (U.S.), Mitsubishi Chemicals (Japan) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Business Process Management Software – Process Control With Enhanced Productiv …
Awapal Solutions, an IT company, announced comprehensive BPM software services. These services will enable customers to automate business processes to improve efficiency and adapt to changing business environments. The company plans to extend BPM services to emerging industries. The use of big data, cloud, and mobile technologies have revolutionized businesses, and organizations are looking for new advancements that address growing business demands in a flexible manner. BPM software is relevant…
