GlobalProcess Mining Software Market was valued at USD xx Mn in 2019 andis expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecastperiod 2020-2027.
GlobalProcess Mining Software Market was valued at USD xx Mn in 2019 andis expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecastperiod 2020-2027.
Global Process Mining Software Market
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The report covers an in-depth analysis of COVID-19 pandemicimpact on Global Process Mining Software Market by region and on the keyplayers revenue affected till July 2020 and expected short term and long-termimpact on the market.
Global Process Mining Software Market Dynamics:
Process mining is a type of software analyses log as well asother data produced by business processes to facilitate improvement process andto identify business automation opportunities. Helps to eliminate uncertaintyand optimises processes or consumer experiences by making sense of event logs.The insights gained from event logs will help companies enhance theireffectiveness and productivity. Process mining software becoming capable ofprocessing and interpret data from other software in an acceptable manner to streamlinethe business processes. Process mining incorporates the power of data-basedresearch techniques, such as data mining and machine learning, to helpbusinesses explore the as-is process together with its variants and to findopportunities for optimization and automation. Process mining is a technicalmethod which requires the analysis of real business processes by identifyingtrends, patterns and particulars in the data logs of information systems. Also,empowers corporations to improve their business processes through enrichedinsights. The insights generated by process mining enable businesses to findanswers to enforcement and performance-related queries. It collects data byauditing and analysing hundreds and thousands of business processes in largeorganisations. Uses advanced algorithms to completely understand the workingsof business processes. Collaborations between process analysis and enterpriseresource planning (ERP) vendors and an increase in the implementation of tasklevel automation are expected to fuel the market over the forecast period.
Global Process Mining Software Market is segmented bycomponent, by deployment, industry vertical, organization size and by region.By component, solution is anticipated to account for a major share during theforecast period in 2019 and is expected to keep its dominance over the forecastperiod owing to the rising analysis of raw data into streamlined process acrossthe organizations. Process Conformance is the leading segment among thesolutions owing to the variations between the derived business process andoptimal processes can be diagnosed and non-conformance can be illustrated andvisualised. By deployment, on-premises held the highest market share in 2019due to the one-time license fee, along with an annual services agreement, whichincludes free upgradation and installation of new functionalities. Thecloud-based segment is anticipated the market due to the due to the reducedcosts and no need of deployment with simplified management. Moreover, it can beaccessed remotely from anywhere. The growth of the cloud-based applications isdue to the penetration of internet-of-things applications. Moreover, it can beaccessed remotely from anywhere. By industry vertical, healthcare and lifesciences segment held the highest market share in 2019 and is expected to keepits dominance over the forecast period due to the helping to track the journeyof patients, enhancing their experience and maximising the functioning ofhospitals. By organization size, large organization segment held the largestmarket share due to the large investments on requirements on the GDPR solutionsand services.
By geography, global process mining software market issegmented into North America, APAC, Europe, MEA & Africa and South Africa.Among these, Europe held the highest market share of xx% in 2019 and isexpected to keep its dominance over the forecast period owing widespreadacceptance of innovations and the upcoming analytics technology among the largenumbers of vendors operating in the region. Several European countries are alsointegrating process analytics tools into their current analytics portfolio toreceive fast and actionable executive insights to keep pace with theiranalytical-driven rivals in other regions.
The service in the market in North America is forecasted toprovide a huge market scope for the adoption of process analytics tools.
Report covers in-depth analysis of key development,marketing strategies, supply-side and demand side indicators and companyprofiles of market leaders, potential players, and new entrants. Key playersoperating in this market are adopting various organic and inorganic growthstrategies such as merger & acquisitions, joint ventures, collaborations,expansion, new product launches and patents to increase their regional presenceand business operations.
The objective of the report is to present a comprehensiveanalysis of the Global Process Mining Software Market including all thestakeholders of the industry. The past and current status of the industry withforecasted market size and trends are presented in the report with the analysisof complicated data in simple language. The report covers all the aspects ofthe industry with a dedicated study of key players that includes marketleaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with thepotential impact of micro-economic factors of the market have been presented inthe report. External as well as internal factors that are supposed to affectthe business positively or negatively have been analysed, which will give a clearfuturistic view of the industry to the decision-makers. The report also helpsin understanding Global Process Mining Software Market dynamics, structure byanalyzing the market segments and project Global Process Mining Software MarketClear representation of competitive analysis of key players by price, financialposition, Product portfolio, growth strategies, and regional presence in theGlobal Process Mining Software Market the report investor’s guide.
Scope of Global Process Mining Software Market: Inquirebefore buying
Global Process Mining Software Market, by Component
• Solution
o Process Discovery
o Process Conformance
o Process Enhancement
o Others
• Services
o Integration
o Support & Maintenance
o Consulting
Global Process Mining Software Market, by Deployment
• On-Premise
• Cloud-based
Global Process Mining Software Market,by Industry Vertical
• Banking Financial Industry Vertical and Insurance
• Healthcare and Life Sciences
• IT and Telecommunication
• Energy and Utilities
• Manufacturing
• Transportation
• Retail
• Education
• Government & Defence
• Others
Global Process Mining Software Market, by Organization Size
• Large Enterprises
• Small Medium Enterprises
Global Process Mining Software Market,by Region
• North America
• APAC
• Europe
• ME & Africa
• South Africa
Global Process Mining Software Market Major Players
• Celonis GmbH
• Datapolis
• Exeura
• Fluxicon BV
• FUJITSU
• Hyland Software, Inc.
• Everflow
• Kofax
• Minit
• Cognitive (myInvenio)
• QPR Software Plc
• Signavio
• Software AG
• UiPath
• ABBYY
• FortressIQ
• SKAN
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