PUBLISHER: 360iResearch | PRODUCT CODE: 1397850

PUBLISHER: 360iResearch | PRODUCT CODE: 1397850

Process Mining Market by Component (Services, Software), Enterprise Size (Large Enterprises, Small & Medium Enterprises), Deployment, Application, End User - Global Forecast 2023-2030

PUBLISHED: November 28, 2023

PAGES: 189 Pages

DELIVERY TIME: 1-2 business days

ADD TO COMPARE

SELECT AN OPTION

List of Tables

The Process Mining Market is projected to reach USD 9.49 billion by 2030 from USD 2.20 billion in 2022, at a CAGR of 19.98% during the forecast period.

Global Process Mining Market

KEY MARKET STATISTICS
Base Year [2022]	USD 2.20 billion
Estimated Year [2023]	USD 2.63 billion
Forecast Year [2030]	USD 9.49 billion
CAGR (%)	19.98%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Process Mining Market.

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.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Process Mining Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Process Mining Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

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., Accenture PLC, 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..

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Process Mining Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Process Mining Market?

3. What is the competitive strategic window for identifying opportunities in the Process Mining Market?

4. What are the latest 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. Which modes and strategic moves are suitable for entering the Process Mining Market?

Product Code: MRR-563BF1FCFA5F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Process Mining Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Government initiatives promoting Industry 4.0 and robotic automation
  - 5.1.1.2. Increasing number of monetary transactions in banking and financial institutions
  - 5.1.1.3. Exponential adoption of process mining among SMEs and government organizations
- 5.1.2. Restraints
  - 5.1.2.1. Issues associated with poor data quality and interoperability concerns
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements to improve performance attributes of process mining
  - 5.1.3.2. Strategic partnerships among process mining vendors to accelerate product adoption
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding data privacy and security
5.2. Market Segmentation Analysis
- 5.2.1. Component: Increasing usage of software in process mining for robust analytical capabilities
- 5.2.2. Enterprise Size: Growing demand for process mining from large enterprises
- 5.2.3. Deployment: Growing popularity of cloud deployment in process mining for efficient solution
- 5.2.4. Application: Increasing application of process mining for contract management
- 5.2.5. End-User: Rising adoption of process mining in manufacturing sector
5.3. Market Trend Analysis
- 5.3.1. Established digital infrastructure and strong presence of key players surging adoption of process mining solutions in the Americas
- 5.3.2. Exponential industrial digitalization and SME presence in the APAC driving process mining product expansion by global players and regional startups
- 5.3.3. Strong presence of established market players in EMEA serving diverse industries undergoing digital transformation backed by long-term government initiatives
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Process Mining Market, by Component

6.1. Introduction
6.2. Services
6.3. Software
- 6.4.1. Conformance Checking Tools
- 6.4.2. Continuous Monitoring & Analytics tools
- 6.4.3. Integration & Collaboration tools
- 6.4.4. Performance Analysis Tools
- 6.4.5. Process Discovery Tools
- 6.4.6. Process Enhancement & Simulation Tools
- 6.4.7. Visualization Tools

7. Process Mining Market, by Enterprise Size

7.1. Introduction
7.2. Large Enterprises
7.3. Small & Medium Enterprises

8. Process Mining Market, by Deployment

8.1. Introduction
8.2. On-Cloud
8.3. On-Premise

9. Process Mining Market, by Application

9.1. Introduction
9.2. Category Management
9.3. Contract Management
9.4. Strategic Sourcing
9.5. Supplier Management
9.6. Transactional Procurement

10. Process Mining Market, by End User

10.1. Introduction
10.2. BFSI
10.3. Healthcare
10.4. IT & Telecommunication
10.5. Logistics & Transportation
10.6. Manufacturing
10.7. Retail & Consumer Goods

11. Americas Process Mining Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Process Mining Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Process Mining Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
  - 14.3.1.1. Celonis Acquires Symbio, an Innovative Provider of AI-driven Business Process Management Software
  - 14.3.1.2. SAP to Acquire LeanIX to Further Build a Foundation for AI-Enabled Process Optimization
- 14.3.2. Agreement, Collaboration, & Partnership
  - 14.3.2.1. State of Oklahoma to Use Celonis to Strengthen Stewardship of Taxpayer Funds
  - 14.3.2.2. CBTW and IBM Join Forces to Unlock New Business Automation Horizons and Drive Transformative Outcomes
  - 14.3.2.3. Celonis and NEC Form Strategic Partnership
  - 14.3.2.4. ABBYY and Doculabs Partner to Deliver Best-in-Class Process Intelligence Solutions to Drive More Impactful Business Transformations
  - 14.3.2.5. Solution BI and QPR Software Partner to Deliver Innovative Business Intelligence Solutions
  - 14.3.2.6. Celonis and Tech Mahindra Strengthen their Global Partnership to Bolster Process Excellence Initiatives for Customers
  - 14.3.2.7. SAP Expands 25-Year Partnership with Lockheed Martin
- 14.3.3. New Product Launch & Enhancement
  - 14.3.3.1. MEHRWERK Expands its Process Mining Solution into a Platform for Process Execution Management
  - 14.3.3.2. Skan Launches Process GPT, a Suite of Generative AI Capabilities For Process Mining And Execution, Combining The Best Of Human And Machine Intelligence
  - 14.3.3.3. Microsoft launches Power Automate Process Mining and next-generation AI
  - 14.3.3.4. Mindzie Launches Generative AI-Powered Business Process Mining Platform
  - 14.3.3.5. Celonis Launches New Process Mining Innovations to Deliver Fast, Substantial Value to Customers
  - 14.3.3.6. Pega Launches Pega Process Mining with Generative AI-Ready APIs to Enable Continuous Workflow Optimization
  - 14.3.3.7. Appian Announces "Insight to Action" Process Mining Program
  - 14.3.3.8. IBM Consulting and IBM Process Mining Launch Five New Process Applications to Accelerate Process Improvement Initiatives
  - 14.3.3.9. ABBYY Launches Update Of Process Mining Tool
- 14.3.4. Investment & Funding
  - 14.3.4.1. Gutsy Launches With Huge USD 51 Million Seed To Bring Process Mining To Security
  - 14.3.4.2. Krista Software Raises USD 15 Million to Strengthen its AI-led Intelligent Automation Platform
- 14.3.5. Award, Recognition, & Expansion
  - 14.3.5.1. QPR Software delivers Process Mining SaaS solution in the Middle East
  - 14.3.5.2. mindzie Launches New Training and Certification Courses for Its Process Mining and Optimization Platform

15. Competitive Portfolio

15.1. Key Company Profiles
- 15.1.1. ABBYY Development Inc.
- 15.1.2. Accenture PLC
- 15.1.3. Amazon Web Services, Inc.
- 15.1.4. Appian Corporation Inc.
- 15.1.5. Apromore Pty Ltd.
- 15.1.6. Automation Anywhere, Inc.
- 15.1.7. Capgemini SE
- 15.1.8. Celonis SE
- 15.1.9. CIGNEX
- 15.1.10. Cisco Systems Inc.
- 15.1.11. EdgeVerve Systems Limited by Infosys
- 15.1.12. Everest Group
- 15.1.13. Fluxicon BV
- 15.1.14. Fujitsu Limited
- 15.1.15. Google LLC by Alphabet Inc.
- 15.1.16. Hyland Software, Inc.
- 15.1.17. iGrafx, LLC
- 15.1.18. International Business Machines Corporation
- 15.1.19. Inverbis Analytics SL
- 15.1.20. Kofax Inc.
- 15.1.21. Mavim B.V.
- 15.1.22. Mehrwerk GmbH
- 15.1.23. Microsoft Corporation
- 15.1.24. Oracle Corporation
- 15.1.25. Pegasystems Inc.
- 15.1.26. QAD Inc.
- 15.1.27. QPR Software PLC
- 15.1.28. Red Hat, Inc.
- 15.1.29. Salesforce, Inc.
- 15.1.30. SAP SE
- 15.1.31. Skan, Inc.
- 15.1.32. Software AG
- 15.1.33. Soroco Americas Private Limited
- 15.1.34. UiPath, Inc.
- 15.1.35. UpFlux
- 15.1.36. Wipro Limited
- 15.1.37. Workfellow Oy
- 15.1.38. Worksoft, Inc.
- 15.1.39. Zoho Corporation Pvt. Ltd.
15.2. Key Product Portfolio

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing