Process Mining Software Market to Reach USD 10,383.0 Million by 2028; Increasing Utilization of Artificial Intelligence to Aid Growth, states Fortune Business Insights™

Key Companies profiled in Process Mining Software Market Are- UiPath (New York, United States) Celonis GmbH (Munich, Germany), Exeura (Italy), Fluxicon BV (The Netherlands), Fujitsu Ltd. (Tokyo, Japan), Hyland Software, Inc. (Ohio, United States), Minit (Bratislava, Slovakia), QPR Software Plc (Finland), Software AG (Darmstadt, Germany), ABBYY Solutions Ltd. (United States).

Pune, India, Feb. 17, 2021 (GLOBE NEWSWIRE) -- The global process mining software market size is estimated to showcase robust growth owing to the increasing implementation of artificial intelligence (AI) in the software by leading industry players, observes Fortune Business Insights™ in its report, titled, “Process Mining Software Market Size, Share & COVID-19 Impact Analysis, By Type (Cloud-base, and On-premises), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (BFSI, Healthcare, Retail, Manufacturing, IT and Telecommunication, Logistics and Transportation, and Others), and Regional Forecast, 2021-2028.” As per our findings, the market value stood at USD 421.9 million in 2020 and is anticipated to reach USD 10,383.0 million by 2028, exhibiting a CAGR of 49.3% during the forecast period.

Information Technology to Boom amid COVID-19 due to Increasing Demand

The COVID-19 pandemic has compelled various industries to establish their presence online owing to prolonged nationwide lockdowns across countries. This has positively impacted the information technology sector. In addition, the sudden increase in demand for digital infrastructure after the rapid adoption of work-from-home settings due to social distancing norms has strengthened the growth of the global IT sector. However, the demand-supply gap amid the crisis has brought fresh challenges to prominent players. At Fortune Business Insights, we are focusing on finding innovative solutions to the current challenges.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please Visit:

Highlights of the Report:

While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.

Drivers & Restraints-

Integration of Software with Latest Technologies to Drive Growth

Advantages, such as regular insights from real-time analysis and efficient operational business tasks, are the key factors driving developers and leading corporations to integrate artificial intelligence with process mining software. An increasing demand for such software is augmenting the growth. For instance, in April 2020, Automation Hero introduced Hero_Sonar, an AI-enabled intelligent process mining software. The software offers valuable insights from low-quality data, which helps in developing AI decision models. However, the high risk associated with customers’ privacy is predicted to hinder process mining software market growth.


BFSI Segment to Lead the Market Owing to High Adoption

Based on the end-user, the BFSI segment dominated the market with a leading share of 26.8% in 2020. The segment growth is attributed to the seamless management offered by the software to banks for their operations. Based on type, the cloud-based segment is estimated to hold the leading share. The increasing growth of this segment is attributed to the cloud-based process mining software’s capability of providing valuable insights on a real-time basis.

Get Sample PDF Brochure:

Regional Insights-

Presence of Key Players to Help Europe Dominate

Europe is anticipated to dominate the global market with a value of USD 165.3 million in 2020. Increasing demand for process mining software in the energy space amid the surging digital transformation across industries is projected to drive its growth in the region. In addition, the presence of key players in major countries of the region is estimated to further propel growth.

North America is predicted to register a considerable process mining software market share during the projected timeline. One of the major factors set to propel the demand for this software in the region is the increasing adoption of automation in the U.S.

Competitive Landscape-

Key Players Focus on Offering Innovative Products to Expand their Product Lines

Prominent enterprises operating in the global market are focusing on innovating cutting-edge products in order to help their customers run smooth business operations. This will also help them expand their product portfolios. For instance, in April 2020, Celonis GmbH launched the next-generation platform of its AI-assisted process mining software. This new platform will help businesses and clients develop purpose-built operational applications. 

Industry Developments-

  • In December 2020, QPR Software Plc. announced a partnership agreement with The Customer, a European logistics company. Under this partnership, the company will support The Customer’s digital transformation and optimize its procurement processes.
  • In March 2020, Celonis GmbH announced its partnership with Infosys. Under the partnership, the company will provide ERP modernization and business process optimization.

A List of Key Manufacturers Operating in the Global Process Mining Software Market:

  • UiPath (New York, United States)
  • Celonis GmbH (Munich, Germany)
  • Exeura (Italy)
  • Fluxicon BV (The Netherlands)
  • Fujitsu Ltd. (Tokyo, Japan)
  • Hyland Software, Inc. (Ohio, United States)
  • Minit (Bratislava, Slovakia)
  • QPR Software Plc (Finland)
  • Software AG (Darmstadt, Germany)
  • ABBYY Solutions Ltd. (United States)
  • Cognitive Technology Ltd (myInvenio) (Italy)
  • Apromore Pty Ltd (Melbourne, Australia)
  • BusinessOptix (United States)
  • EverFlow (NJ, United States)
  • Kofax (California, United States)
  • Lana Labs GmbH (Berlin, Germany)
  • Signavio GmbH (Berlin, Germany)

Quick Buy – Process Mining Software Market Research Report:

Detailed Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
  • Global Process Mining Software Key Players Market Share Insights and Analysis, 2020
  • Key Market Insights and Strategic Recommendations
  • Companies Profiled (Covered for key 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Process Mining Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Type (Value)
        • Cloud-base
        • On-premises
      • By Enterprise Size (Value)
        • Large Enterprises
        • Small & Medium Enterprises
      • By End User (Value)
        • BFSI
        • Healthcare
        • Retail
        • Manufacturing
        • IT and Telecommunication
        • Logistics and Transportation
        • Others
      • By Region (Value)
        • North America
        • South America
        • Europe
        • Middle East & Africa
        • Asia Pacific

TOC Continued..

Get your Customized Research Report:

Have a Look at Related Research Insights:

Task Management Software Market Size, Share & Industry Analysis, By Component (Software, Services), By Organization Size (SMEs and Large Enterprises), By Deployment Type (Cloud and On-Premises), By End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Retail, Healthcare, Manufacturing, Travel and Hospitality, Media and Entertainment, and Others) and Regional Forecast, 2020-2026

Data Center Cooling Market Size, Share & Industry Analysis, By Product (Air Conditioners, Precision Air Conditioners, Chillers, Air Handling Unit, and Others), By Data Center Type (Large Scale DC, Medium Scale DC, and Small Scale DC), By Cooling Technique (Room-based Cooling, Rack-based Cooling, and Row-based Cooling), By Industry (BFSI, IT and Telecommunication, Manufacturing, Retail, Healthcare, and Others) and Regional Forecast, 2020-2026

Learning Management System (LMS) Market Size, Share and Global Trend By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Organization Size (SME’s, Large Enterprises), By End User (Academic, Corporate) and Geography forecast till 2026

Retail Analytics Market Size, Share and Global Trend By Type (Software, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Function (Customer Management, Supply Chain, Merchandising, In-Store Operations, and Strategy & Planning) and Geography Forecast till 2026

Cyber Security Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2020 – 2026

About Us

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Press Release: