The global Process Mining Software market size is expected to be worth around US$ 12.95 billion by 2030, according to a new report by Vision Research Reports.
The global Process Mining Software market size was valued at US$ 422.02 million in 2020 and is anticipated to grow at a CAGR of 51.1% during forecast period 2021 to 2030.
Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/38915
Report Coverage
| Report Scope | Details |
| Market Size | US$ 12.95 Billion by 2030 |
| Growth Rate | CAGR of 51.1% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Component, Deployment, Application, Industry Vertical |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | ABBYY Solutions Limited; Celonis GmbH; Fluxicon BV; Hyland Software, Inc.; Minit; myInvenio, an IBM Company; QPR Software Plc; SAP; Software AG; UiPath, Inc. |
Growth Factors
The increasing awareness about the need to understand and analyze business processes driven by digital transformation is one of the key factors driving market growth. Additionally, the constant increase in data volumes across industries is driving the demand for process mining software and services.
The rising need to strengthen process auditing and compliance processes across organizations is fueling the demand for process mining software. Additionally, the growing adoption of cloud solutions and services, digital transformation initiatives, and the rising awareness about understanding and analyzing business processes among organizations are also driving the demand for process mining software and services. A large number of businesses moved from an on-premise approach to the cloud amid the COVID-19 pandemic, thus resulting in the rapid growth of the process mining software industry.
By Component Analysis
In terms of the component, the process mining software market has been divided into software and services. The software segment dominated the market with a revenue share of over 60% in 2020 and is likely to maintain its position throughout the forecast period.
The service segment is expected to expand at the highest CAGR of 56% during the forecast period. The demand for process mining services is expected to benefit from the adoption of cloud-based software solutions and frequent updates required to keep the software running securely and smoothly.
By Application Analysis
The transactional procurement segment accounted for the largest revenue share of over 20% in 2020 and is likely to maintain its position throughout the forecast period. The category management segment is expected to register the highest CAGR over the forecast period. The growth of this segment can be primarily attributed to the growing demand from businesses for external marketplace analysis.
By Industry Vertical Analysis
The BFSI segment accounted for the largest revenue share of around 30% in 2020 and is expected to maintain its position throughout the forecast period. The consumer goods & services segment is projected to register the highest CAGR of around 56% over the forecast period.
By Deployment Analysis
In terms of deployment, the market has been divided into on-premise and cloud. The cloud segment dominated the market with a revenue share of more than 55% in 2020 and is expected to maintain its position throughout the forecast period.
The on-premise segment accounted for a significant market share of over 40% in 2020 and is projected to retain its position throughout the forecast period.
By Regional Analysis
Europe accounted for the largest revenue share of around 50% in 2020 and is expected to maintain its dominance over the forecast period. The region is renowned for the early adoption of advanced technology and the highest adoption of digital and automation tools and services.
Asia Pacific is anticipated to expand at the highest CAGR of over 54.9% over the forecast period. This can be attributed to the increasing need among enterprises to enhance process auditing and compliance.
Key Players
- ABBYY Solutions Limited
- Celonis GmbH
- Fluxicon BV
- Hyland Software, Inc.
- Minit
- myInvenio, an IBM Company
- QPR Software Plc
- Signavio
- Software AG
- UiPath, Inc.
Market Segmentation
- By Component
- Software
- Services
- By Deployment
- On-premise
- Cloud
- By Application
- Strategic Sourcing
- Contract Management
- Category Management
- Transactional Procurement
- Supplier Management
- By Industry Vertical
- Manufacturing
- Healthcare
- BFSI
- Consumer Goods & Services
- Telecommunications & IT
- Logistics & Transportation
- Others
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- North America
Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38915
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Application Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Process Mining Software Market, By Component
7.1. Process Mining Software Market, by Component, 2021-2030
7.1.1. Software
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Services
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Process Mining Software Market, By Deployment
8.1. Process Mining Software Market, by Deployment, 2021-2030
8.1.1. On-premise
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Cloud
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Process Mining Software Market, By Application
9.1. Process Mining Software Market, by Application, 2021-2030
9.1.1. Strategic Sourcing
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Contract Management
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Category Management
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Transactional Procurement
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Supplier Management
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Process Mining Software Market, By Industry Vertical
10.1. Process Mining Software Market, by Industry Vertical, 2021-2030
10.1.1. Manufacturing
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Healthcare
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. BFSI
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Consumer Goods & Services
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Telecommunications & IT
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Logistics & Transportation
10.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Process Mining Software Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Component (2017-2030)
11.1.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.1.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.6.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.2.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.8.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.3.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.8.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.8.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.6.4. Market Revenue and Forecast, by Industry Vertical (2017-2030)
Chapter 12. Company Profiles
12.1. ABBYY Solutions Limited
12.1.1. Company Overview
12.1.2. Component Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Celonis GmbH
12.2.1. Company Overview
12.2.2. Component Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Fluxicon BV
12.3.1. Company Overview
12.3.2. Component Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hyland Software, Inc.
12.4.1. Company Overview
12.4.2. Component Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Minit
12.5.1. Company Overview
12.5.2. Component Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. myInvenio, an IBM Company
12.6.1. Company Overview
12.6.2. Component Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. QPR Software Plc
12.7.1. Company Overview
12.7.2. Component Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Signavio
12.8.1. Company Overview
12.8.2. Component Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Software AG
12.9.1. Company Overview
12.9.2. Component Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. UiPath, Inc
12.10.1. Company Overview
12.10.2. Component Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38915
Contact Us:
Vision Research Reports
Call: +1 9197 992 333
