0
2022
Process Analytics Market

Process Analytics Market

by Process Mining Type (Process discovery, Process conformance, Process enhancement), by Deployment Mode (On Premise, Cloud), by Organization Size (Large Enterprises, Small and Medium Enterprises), by Application (Business Process, Information Technology Process, Customer Interaction): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A05605
May 2022 | Pages: 289
Tables: 168
Charts: 60
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Process Analytics Market Research, 2031

The global process analytics market size was valued at $469.86 million in 2021, and is projected to reach $18.6 billion by 2031, growing at a CAGR of 44.6% from 2022 to 2031.

The COVID-19 outbreak had a positive impact on the growth of the process analytics market owing to, the growing implementation of lockdown by a majority of the countries to prevent the spread of COVID-19 and rise in adoption of remote working culture across various industries during the lockdowns period. Such factors promoted the adoption of process automation and analytics tools to compensate for the limited workforce availability during the period, aiding the growth prospects of the process analytics market

A process is a series of related transactions that convert various factors or inputs into business outputs. Process analysis is a systematic examination of business processes, such as the budgeting or manufacturing process, to assess performance and identify areas for improvement. Furthermore, it involves analyzing data, but not all data analysis involves assessing processes. Companies use data to analyze not only processes, but also financial information, sales figures, operations and even the impact of new policies or government regulations.

Digital transformation is empowering users’ awareness for analyzing and understanding business processes and increase in adoption of algorithmic business are the significant growth opportunities for the future of global process analytics market. In addition, rise in implementation of task-level automation is positively impacting the growth of the process analytics industry. However, competition from open-source alternatives is hampering the demand for commercial solutions and lack of skills and expertise limit the market growth. On the contrary, the need to focus on enhancing the customer experience is expected to offer remunerative opportunities for expansion of the process analytics industry during the forecast period.

Process Analytics Market, Process Analytics Market Size, Process Analytics Market Share, Process Analytics Market Trends, Process Analytics Market Growth, Process Analytics Market Forecast, Process Analytics Market Analysis

The process analytics market is segmented into By Application, By Process Mining Type, By Deployment Mode and By Organization Size.

Segment review

The global process analytics market is segmented on the basis of process mining type, deployment model, organization size, application and region. On the basis of process mining type, the market is classified into process discovery, process conformance and process enhancement. Based on deployment model, the market is bifurcated into on-premises and cloud. On the basis of organization size, the market is segmented into small and medium-sized enterprises and large enterprises. Depending on application, the market is divided into business process, process analytical technology and customer interaction. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global process analytics market is dominated by key players such as Celonis, Fluxicon BV, Icaro Tech, Kofax Inc., Logpickr, Scheer GmbH, Worksoft, Inc., Minit, Monkey Mining BV, and ABBYY. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Depending on process mining type, the process discovery segment dominated the process analytics market share in 2021, and is expected to continue this trend during the forecast period, as it plays an important role in processing data from logs are extracted, cleaned, and formatted for analysis. However, the process conformance segment is expected to witness the highest growth in the upcoming years, owing to its capabilities for process conformance checks, wherein the event logs are checked against ideal processes.

Process Analytics Market
By Process Mining Type

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The process discovery segment is expected to garner the highest market share owing to its role in data processing and extaction.

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Region wise, the process analytics market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to surge in adoption of process analytics solutions across end-user industries, such as BFSI, retail, and healthcare, and is expected to drive the market for process analytics technology during the forecast period. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to growing adoption of advanced strategic platforms in Asia-Pacific region, such platforms are equipped with advanced process analytics, automation, and AI, including natural language processing and machine learning, can help market leaders think more expansively and precisely about the wide range of future possibilities.

Process Analytics Market

The report focuses on growth prospects, restraints, and analysis of the global process analytics market trends. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global process analytics market share.

COVID-19 impact analysis

The COVID-19 virus has spread worldwide without acknowledging borders. It has impacted all industries, all sectors and all aspects of lives including the analytical industry with devastating economic and financial losses and significant uncertainties. The recent economic slowdown with the impact of COVID-19 emphasizes the need for alternate business systems. It has become important for businesses to embrace cloud computing and migrate to cloud process analytics solutions.

This will help organizations to have a stable business condition in the short term while targeting continued growth and expansion in the long run. The recent COVID-19 crisis has shifted the focus on safety and security of human lives. The organizations are utilizing process analytics solutions across end-user industries due to variety of benefits including dynamically attaining situational awareness, proactively giving out real-time alerts, and scheduling BI dashboards.

Top impacting factors

Digital Transformation Driving Users’ Awareness for Analyzing and Understanding Business Processes

The demand for business process analytics is increasing with the growing digital transformation, and growing competition toward better analyzing and understanding the business process. In addition, this process analytics implementation helps businesses in the development of new competencies that revolve around the capacities to be more agile, people-oriented, innovative, customer-centric, streamlined, and efficient.  This further helps to leverage opportunities with the change in procedures and is considered as an important factor to boost the growth of the market. Furthermore, this advancement in digitalization also helps to leverage technologies to create value and new services for various stakeholders, innovate and acquire the capabilities to rapidly adapt to changing circumstances. These factors are contributing to process analytics market growth.

Increase in adoption of Algorithmic Business

The growing advert of algorithms toward channelizing the process analytics business is one of the driving factors for the market. Furthermore, algorithm is playing a core role in manufacturing control systems, marketing automation and campaign management and have played a pivotal role in financial services for the past few years. Moreover, it helps in creating an impact through planning, control, internet, social media, mobile commerce and fabric automation, this factor is expected to boost the market toward growth during the forecasted period.

Moreover, algorithms play an important role in speeding and scaling the output by managing the human workforce. As digital business is advancing and increasing the use of algorithms, it represents the most cost-effective and efficient way to handle the volumes of data and is driving the market toward growth.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides process analytics market analysis along with current & future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on global process analytics forecast is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.

Process Analytics Market Report Highlights

Aspects Details
By APPLICATION
  • Business Process
  • Information Technology Process
  • Customer Interaction
By Process Mining Type
  • Process discovery
  • Process conformance
  • Process enhancement
By Deployment Mode
  • On Premise
  • Cloud
By Organization Size
  • Large Enterprises
  • Small and Medium Enterprises
By Region
  • North America  (U.S., Canada)
  • Europe  (Rest of Europe, U.K., Germany, France, Italy, Spain, Netherlands)
  • Asia-Pacific  (China, Japan, South Korea, Australia, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Kofax Inc., Monkey Mining BV, ABBYY, Worksoft, Inc., Logpickr, Fluxicon BV, Celonis, Scheer Gmbh, Minit, Icaro Tech
 
  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

  • CHAPTER 4: PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE

    • 4.1 Overview

      • 4.1.1 Market size and forecast

    • 4.2 Process discovery

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 Process conformance

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

    • 4.4 Process enhancement

      • 4.4.1 Key market trends, growth factors and opportunities

      • 4.4.2 Market size and forecast, by region

      • 4.4.3 Market analysis by country

  • CHAPTER 5: PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE

    • 5.1 Overview

      • 5.1.1 Market size and forecast

    • 5.2 On Premise

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Cloud

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

  • CHAPTER 6: PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE

    • 6.1 Overview

      • 6.1.1 Market size and forecast

    • 6.2 Large Enterprises

      • 6.2.1 Key market trends, growth factors and opportunities

      • 6.2.2 Market size and forecast, by region

      • 6.2.3 Market analysis by country

    • 6.3 Small and Medium Enterprises

      • 6.3.1 Key market trends, growth factors and opportunities

      • 6.3.2 Market size and forecast, by region

      • 6.3.3 Market analysis by country

  • CHAPTER 7: PROCESS ANALYTICS MARKET, BY BY APPLICATION

    • 7.1 Overview

      • 7.1.1 Market size and forecast

    • 7.2 Business Process

      • 7.2.1 Key market trends, growth factors and opportunities

      • 7.2.2 Market size and forecast, by region

      • 7.2.3 Market analysis by country

    • 7.3 Information Technology Process

      • 7.3.1 Key market trends, growth factors and opportunities

      • 7.3.2 Market size and forecast, by region

      • 7.3.3 Market analysis by country

    • 7.4 Customer Interaction

      • 7.4.1 Key market trends, growth factors and opportunities

      • 7.4.2 Market size and forecast, by region

      • 7.4.3 Market analysis by country

  • CHAPTER 8: PROCESS ANALYTICS MARKET, BY REGION

    • 8.1 Overview

      • 8.1.1 Market size and forecast

    • 8.2 North America

      • 8.2.1 Key trends and opportunities

      • 8.2.2 North America Market size and forecast, by By Process Mining Type

      • 8.2.3 North America Market size and forecast, by By Deployment Mode

      • 8.2.4 North America Market size and forecast, by By Organization Size

      • 8.2.5 North America Market size and forecast, by By Application

      • 8.2.6 North America Market size and forecast, by country

        • 8.2.6.1 U.S.
          • 8.2.6.1.1 Market size and forecast, by By Process Mining Type
          • 8.2.6.1.2 Market size and forecast, by By Deployment Mode
          • 8.2.6.1.3 Market size and forecast, by By Organization Size
          • 8.2.6.1.4 Market size and forecast, by By Application
        • 8.2.6.2 Canada
          • 8.2.6.2.1 Market size and forecast, by By Process Mining Type
          • 8.2.6.2.2 Market size and forecast, by By Deployment Mode
          • 8.2.6.2.3 Market size and forecast, by By Organization Size
          • 8.2.6.2.4 Market size and forecast, by By Application
    • 8.3 Europe

      • 8.3.1 Key trends and opportunities

      • 8.3.2 Europe Market size and forecast, by By Process Mining Type

      • 8.3.3 Europe Market size and forecast, by By Deployment Mode

      • 8.3.4 Europe Market size and forecast, by By Organization Size

      • 8.3.5 Europe Market size and forecast, by By Application

      • 8.3.6 Europe Market size and forecast, by country

        • 8.3.6.1 U.K.
          • 8.3.6.1.1 Market size and forecast, by By Process Mining Type
          • 8.3.6.1.2 Market size and forecast, by By Deployment Mode
          • 8.3.6.1.3 Market size and forecast, by By Organization Size
          • 8.3.6.1.4 Market size and forecast, by By Application
        • 8.3.6.2 Germany
          • 8.3.6.2.1 Market size and forecast, by By Process Mining Type
          • 8.3.6.2.2 Market size and forecast, by By Deployment Mode
          • 8.3.6.2.3 Market size and forecast, by By Organization Size
          • 8.3.6.2.4 Market size and forecast, by By Application
        • 8.3.6.3 France
          • 8.3.6.3.1 Market size and forecast, by By Process Mining Type
          • 8.3.6.3.2 Market size and forecast, by By Deployment Mode
          • 8.3.6.3.3 Market size and forecast, by By Organization Size
          • 8.3.6.3.4 Market size and forecast, by By Application
        • 8.3.6.4 Italy
          • 8.3.6.4.1 Market size and forecast, by By Process Mining Type
          • 8.3.6.4.2 Market size and forecast, by By Deployment Mode
          • 8.3.6.4.3 Market size and forecast, by By Organization Size
          • 8.3.6.4.4 Market size and forecast, by By Application
        • 8.3.6.5 Spain
          • 8.3.6.5.1 Market size and forecast, by By Process Mining Type
          • 8.3.6.5.2 Market size and forecast, by By Deployment Mode
          • 8.3.6.5.3 Market size and forecast, by By Organization Size
          • 8.3.6.5.4 Market size and forecast, by By Application
        • 8.3.6.6 Netherlands
          • 8.3.6.6.1 Market size and forecast, by By Process Mining Type
          • 8.3.6.6.2 Market size and forecast, by By Deployment Mode
          • 8.3.6.6.3 Market size and forecast, by By Organization Size
          • 8.3.6.6.4 Market size and forecast, by By Application
        • 8.3.6.7 Rest of Europe
          • 8.3.6.7.1 Market size and forecast, by By Process Mining Type
          • 8.3.6.7.2 Market size and forecast, by By Deployment Mode
          • 8.3.6.7.3 Market size and forecast, by By Organization Size
          • 8.3.6.7.4 Market size and forecast, by By Application
    • 8.4 Asia-Pacific

      • 8.4.1 Key trends and opportunities

      • 8.4.2 Asia-Pacific Market size and forecast, by By Process Mining Type

      • 8.4.3 Asia-Pacific Market size and forecast, by By Deployment Mode

      • 8.4.4 Asia-Pacific Market size and forecast, by By Organization Size

      • 8.4.5 Asia-Pacific Market size and forecast, by By Application

      • 8.4.6 Asia-Pacific Market size and forecast, by country

        • 8.4.6.1 China
          • 8.4.6.1.1 Market size and forecast, by By Process Mining Type
          • 8.4.6.1.2 Market size and forecast, by By Deployment Mode
          • 8.4.6.1.3 Market size and forecast, by By Organization Size
          • 8.4.6.1.4 Market size and forecast, by By Application
        • 8.4.6.2 Japan
          • 8.4.6.2.1 Market size and forecast, by By Process Mining Type
          • 8.4.6.2.2 Market size and forecast, by By Deployment Mode
          • 8.4.6.2.3 Market size and forecast, by By Organization Size
          • 8.4.6.2.4 Market size and forecast, by By Application
        • 8.4.6.3 South Korea
          • 8.4.6.3.1 Market size and forecast, by By Process Mining Type
          • 8.4.6.3.2 Market size and forecast, by By Deployment Mode
          • 8.4.6.3.3 Market size and forecast, by By Organization Size
          • 8.4.6.3.4 Market size and forecast, by By Application
        • 8.4.6.4 Australia
          • 8.4.6.4.1 Market size and forecast, by By Process Mining Type
          • 8.4.6.4.2 Market size and forecast, by By Deployment Mode
          • 8.4.6.4.3 Market size and forecast, by By Organization Size
          • 8.4.6.4.4 Market size and forecast, by By Application
        • 8.4.6.5 India
          • 8.4.6.5.1 Market size and forecast, by By Process Mining Type
          • 8.4.6.5.2 Market size and forecast, by By Deployment Mode
          • 8.4.6.5.3 Market size and forecast, by By Organization Size
          • 8.4.6.5.4 Market size and forecast, by By Application
        • 8.4.6.6 Rest of Asia-Pacific
          • 8.4.6.6.1 Market size and forecast, by By Process Mining Type
          • 8.4.6.6.2 Market size and forecast, by By Deployment Mode
          • 8.4.6.6.3 Market size and forecast, by By Organization Size
          • 8.4.6.6.4 Market size and forecast, by By Application
    • 8.5 LAMEA

      • 8.5.1 Key trends and opportunities

      • 8.5.2 LAMEA Market size and forecast, by By Process Mining Type

      • 8.5.3 LAMEA Market size and forecast, by By Deployment Mode

      • 8.5.4 LAMEA Market size and forecast, by By Organization Size

      • 8.5.5 LAMEA Market size and forecast, by By Application

      • 8.5.6 LAMEA Market size and forecast, by country

        • 8.5.6.1 Latin America
          • 8.5.6.1.1 Market size and forecast, by By Process Mining Type
          • 8.5.6.1.2 Market size and forecast, by By Deployment Mode
          • 8.5.6.1.3 Market size and forecast, by By Organization Size
          • 8.5.6.1.4 Market size and forecast, by By Application
        • 8.5.6.2 Middle East
          • 8.5.6.2.1 Market size and forecast, by By Process Mining Type
          • 8.5.6.2.2 Market size and forecast, by By Deployment Mode
          • 8.5.6.2.3 Market size and forecast, by By Organization Size
          • 8.5.6.2.4 Market size and forecast, by By Application
        • 8.5.6.3 Africa
          • 8.5.6.3.1 Market size and forecast, by By Process Mining Type
          • 8.5.6.3.2 Market size and forecast, by By Deployment Mode
          • 8.5.6.3.3 Market size and forecast, by By Organization Size
          • 8.5.6.3.4 Market size and forecast, by By Application
  • CHAPTER 9: COMPANY LANDSCAPE

    • 9.1. Introduction

    • 9.2. Top winning strategies

    • 9.3. Product Mapping of Top 10 Player

    • 9.4. Competitive Dashboard

    • 9.5. Competitive Heatmap

    • 9.6. Key developments

  • CHAPTER 10: COMPANY PROFILES

    • 10.1 Scheer Gmbh

      • 10.1.1 Company overview

      • 10.1.2 Company snapshot

      • 10.1.3 Operating business segments

      • 10.1.4 Product portfolio

      • 10.1.5 Business performance

      • 10.1.6 Key strategic moves and developments

    • 10.2 Worksoft, Inc.

      • 10.2.1 Company overview

      • 10.2.2 Company snapshot

      • 10.2.3 Operating business segments

      • 10.2.4 Product portfolio

      • 10.2.5 Business performance

      • 10.2.6 Key strategic moves and developments

    • 10.3 Minit

      • 10.3.1 Company overview

      • 10.3.2 Company snapshot

      • 10.3.3 Operating business segments

      • 10.3.4 Product portfolio

      • 10.3.5 Business performance

      • 10.3.6 Key strategic moves and developments

    • 10.4 Monkey Mining BV

      • 10.4.1 Company overview

      • 10.4.2 Company snapshot

      • 10.4.3 Operating business segments

      • 10.4.4 Product portfolio

      • 10.4.5 Business performance

      • 10.4.6 Key strategic moves and developments

    • 10.5 ABBYY

      • 10.5.1 Company overview

      • 10.5.2 Company snapshot

      • 10.5.3 Operating business segments

      • 10.5.4 Product portfolio

      • 10.5.5 Business performance

      • 10.5.6 Key strategic moves and developments

    • 10.6 Celonis

      • 10.6.1 Company overview

      • 10.6.2 Company snapshot

      • 10.6.3 Operating business segments

      • 10.6.4 Product portfolio

      • 10.6.5 Business performance

      • 10.6.6 Key strategic moves and developments

    • 10.7 Fluxicon BV

      • 10.7.1 Company overview

      • 10.7.2 Company snapshot

      • 10.7.3 Operating business segments

      • 10.7.4 Product portfolio

      • 10.7.5 Business performance

      • 10.7.6 Key strategic moves and developments

    • 10.8 Icaro Tech

      • 10.8.1 Company overview

      • 10.8.2 Company snapshot

      • 10.8.3 Operating business segments

      • 10.8.4 Product portfolio

      • 10.8.5 Business performance

      • 10.8.6 Key strategic moves and developments

    • 10.9 Kofax Inc.

      • 10.9.1 Company overview

      • 10.9.2 Company snapshot

      • 10.9.3 Operating business segments

      • 10.9.4 Product portfolio

      • 10.9.5 Business performance

      • 10.9.6 Key strategic moves and developments

    • 10.10 Logpickr

      • 10.10.1 Company overview

      • 10.10.2 Company snapshot

      • 10.10.3 Operating business segments

      • 10.10.4 Product portfolio

      • 10.10.5 Business performance

      • 10.10.6 Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 139.ABBYY: OPERATING SEGMENTS
    TABLE 140.ABBYY: PRODUCT PORTFOLIO
    TABLE 141.ABBYY: NET SALES,
    TABLE 142.ABBYY: KEY STRATERGIES
    TABLE 143.CELONIS: COMPANY SNAPSHOT
    TABLE 144.CELONIS: OPERATING SEGMENTS
    TABLE 145.CELONIS: PRODUCT PORTFOLIO
    TABLE 146.CELONIS: NET SALES,
    TABLE 147.CELONIS: KEY STRATERGIES
    TABLE 148.FLUXICON BV: COMPANY SNAPSHOT
    TABLE 149.FLUXICON BV: OPERATING SEGMENTS
    TABLE 150.FLUXICON BV: PRODUCT PORTFOLIO
    TABLE 151.FLUXICON BV: NET SALES,
    TABLE 152.FLUXICON BV: KEY STRATERGIES
    TABLE 153.ICARO TECH: COMPANY SNAPSHOT
    TABLE 154.ICARO TECH: OPERATING SEGMENTS
    TABLE 155.ICARO TECH: PRODUCT PORTFOLIO
    TABLE 156.ICARO TECH: NET SALES,
    TABLE 157.ICARO TECH: KEY STRATERGIES
    TABLE 158.KOFAX INC.: COMPANY SNAPSHOT
    TABLE 159.KOFAX INC.: OPERATING SEGMENTS
    TABLE 160.KOFAX INC.: PRODUCT PORTFOLIO
    TABLE 161.KOFAX INC.: NET SALES,
    TABLE 162.KOFAX INC.: KEY STRATERGIES
    TABLE 163.LOGPICKR: COMPANY SNAPSHOT
    TABLE 164.LOGPICKR: OPERATING SEGMENTS
    TABLE 165.LOGPICKR: PRODUCT PORTFOLIO
    TABLE 166.LOGPICKR: NET SALES,
    TABLE 167.LOGPICKR: KEY STRATERGIES
    TABLE 2. PROCESS ANALYTICS MARKET REVENUE, FOR PROCESS DISCOVERY, BY REGION , 2021-2031,($MILLION)
    TABLE 3. PROCESS ANALYTICS MARKET FOR PROCESS DISCOVERY BY COUNTRY, 2021-2031,($MILLION)
    TABLE 4. PROCESS ANALYTICS MARKET REVENUE, FOR PROCESS CONFORMANCE, BY REGION , 2021-2031,($MILLION)
    TABLE 5. PROCESS ANALYTICS MARKET FOR PROCESS CONFORMANCE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 6. PROCESS ANALYTICS MARKET REVENUE, FOR PROCESS ENHANCEMENT, BY REGION , 2021-2031,($MILLION)
    TABLE 7. PROCESS ANALYTICS MARKET FOR PROCESS ENHANCEMENT BY COUNTRY, 2021-2031,($MILLION)
    TABLE 8. GLOBAL PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 9. PROCESS ANALYTICS MARKET REVENUE, FOR ON PREMISE, BY REGION , 2021-2031,($MILLION)
    TABLE 10. PROCESS ANALYTICS MARKET FOR ON PREMISE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 11. PROCESS ANALYTICS MARKET REVENUE, FOR CLOUD, BY REGION , 2021-2031,($MILLION)
    TABLE 12. PROCESS ANALYTICS MARKET FOR CLOUD BY COUNTRY, 2021-2031,($MILLION)
    TABLE 13. GLOBAL PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 14. PROCESS ANALYTICS MARKET REVENUE, FOR LARGE ENTERPRISES, BY REGION , 2021-2031,($MILLION)
    TABLE 15. PROCESS ANALYTICS MARKET FOR LARGE ENTERPRISES BY COUNTRY, 2021-2031,($MILLION)
    TABLE 16. PROCESS ANALYTICS MARKET REVENUE, FOR SMALL AND MEDIUM ENTERPRISES, BY REGION , 2021-2031,($MILLION)
    TABLE 17. PROCESS ANALYTICS MARKET FOR SMALL AND MEDIUM ENTERPRISES BY COUNTRY, 2021-2031,($MILLION)
    TABLE 18. GLOBAL PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 19. PROCESS ANALYTICS MARKET REVENUE, FOR BUSINESS PROCESS, BY REGION , 2021-2031,($MILLION)
    TABLE 20. PROCESS ANALYTICS MARKET FOR BUSINESS PROCESS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 21. PROCESS ANALYTICS MARKET REVENUE, FOR INFORMATION TECHNOLOGY PROCESS, BY REGION , 2021-2031,($MILLION)
    TABLE 22. PROCESS ANALYTICS MARKET FOR INFORMATION TECHNOLOGY PROCESS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 23. PROCESS ANALYTICS MARKET REVENUE, FOR CUSTOMER INTERACTION, BY REGION , 2021-2031,($MILLION)
    TABLE 24. PROCESS ANALYTICS MARKET FOR CUSTOMER INTERACTION BY COUNTRY, 2021-2031,($MILLION)
    TABLE 25. PROCESS ANALYTICS MARKET, BY REGION, 2021-2031,($MILLION)
    TABLE 26. NORTH AMERICA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 27. NORTH AMERICA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 28. NORTH AMERICA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 29. NORTH AMERICA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 30. NORTH AMERICA PROCESS ANALYTICS MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 31. U.S. PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 32. U.S. PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 33. U.S. PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 34. U.S. PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 35. CANADA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 36. CANADA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 37. CANADA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 38. CANADA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 39. EUROPE PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 40. EUROPE PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 41. EUROPE PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 42. EUROPE PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 43. EUROPE PROCESS ANALYTICS MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 44. U.K. PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 45. U.K. PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 46. U.K. PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 47. U.K. PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 48. GERMANY PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 49. GERMANY PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 50. GERMANY PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 51. GERMANY PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 52. FRANCE PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 53. FRANCE PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 54. FRANCE PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 55. FRANCE PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 56. ITALY PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 57. ITALY PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 58. ITALY PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 59. ITALY PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 60. SPAIN PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 61. SPAIN PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 62. SPAIN PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 63. SPAIN PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 64. NETHERLANDS PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 65. NETHERLANDS PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 66. NETHERLANDS PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 67. NETHERLANDS PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 68. REST OF EUROPE PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 69. REST OF EUROPE PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 70. REST OF EUROPE PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 71. REST OF EUROPE PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 72. ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 73. ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 74. ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 75. ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 76. ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 77. CHINA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 78. CHINA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 79. CHINA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 80. CHINA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 81. JAPAN PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 82. JAPAN PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 83. JAPAN PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 84. JAPAN PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 85. SOUTH KOREA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 86. SOUTH KOREA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 87. SOUTH KOREA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 88. SOUTH KOREA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 89. AUSTRALIA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 90. AUSTRALIA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 91. AUSTRALIA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 92. AUSTRALIA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 93. INDIA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 94. INDIA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 95. INDIA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 96. INDIA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 97. REST OF ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 98. REST OF ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 99. REST OF ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 100. REST OF ASIA-PACIFIC PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 101. LAMEA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 102. LAMEA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 103. LAMEA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 104. LAMEA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 105. LAMEA PROCESS ANALYTICS MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 106. LATIN AMERICA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 107. LATIN AMERICA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 108. LATIN AMERICA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 109. LATIN AMERICA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 110. MIDDLE EAST PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 111. MIDDLE EAST PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 112. MIDDLE EAST PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 113. MIDDLE EAST PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 114. AFRICA PROCESS ANALYTICS MARKET, BY BY PROCESS MINING TYPE, 2021-2031,($MILLION)
    TABLE 115. AFRICA PROCESS ANALYTICS MARKET, BY BY DEPLOYMENT MODE, 2021-2031,($MILLION)
    TABLE 116. AFRICA PROCESS ANALYTICS MARKET, BY BY ORGANIZATION SIZE, 2021-2031,($MILLION)
    TABLE 117. AFRICA PROCESS ANALYTICS MARKET, BY BY APPLICATION, 2021-2031,($MILLION)
    TABLE 118.SCHEER GMBH: COMPANY SNAPSHOT
    TABLE 119.SCHEER GMBH: OPERATING SEGMENTS
    TABLE 120.SCHEER GMBH: PRODUCT PORTFOLIO
    TABLE 121.SCHEER GMBH: NET SALES,
    TABLE 122.SCHEER GMBH: KEY STRATERGIES
    TABLE 123.WORKSOFT, INC.: COMPANY SNAPSHOT
    TABLE 124.WORKSOFT, INC.: OPERATING SEGMENTS
    TABLE 125.WORKSOFT, INC.: PRODUCT PORTFOLIO
    TABLE 126.WORKSOFT, INC.: NET SALES,
    TABLE 127.WORKSOFT, INC.: KEY STRATERGIES
    TABLE 128.MINIT: COMPANY SNAPSHOT
    TABLE 129.MINIT: OPERATING SEGMENTS
    TABLE 130.MINIT: PRODUCT PORTFOLIO
    TABLE 131.MINIT: NET SALES,
    TABLE 132.MINIT: KEY STRATERGIES
    TABLE 133.MONKEY MINING BV: COMPANY SNAPSHOT
    TABLE 134.MONKEY MINING BV: OPERATING SEGMENTS
    TABLE 135.MONKEY MINING BV: PRODUCT PORTFOLIO
    TABLE 136.MONKEY MINING BV: NET SALES,
    TABLE 137.MONKEY MINING BV: KEY STRATERGIES
    TABLE 138.ABBYY: COMPANY SNAPSHOT
  • LIST OF FIGURES

  • FIGURE 1.PROCESS ANALYTICS MARKET SEGMENTATION
    FIGURE 2.PROCESS ANALYTICS MARKET,2021-2031
    FIGURE 3.PROCESS ANALYTICS MARKET,2021-2031
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.PROCESS ANALYTICS MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.PROCESS ANALYTICS MARKET,BY BY PROCESS MINING TYPE,2021(%)
    FIGURE 13.COMPARATIVE SHARE ANALYSIS OF PROCESS DISCOVERY PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 14.COMPARATIVE SHARE ANALYSIS OF PROCESS CONFORMANCE PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 15.COMPARATIVE SHARE ANALYSIS OF PROCESS ENHANCEMENT PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 16.PROCESS ANALYTICS MARKET,BY BY DEPLOYMENT MODE,2021(%)
    FIGURE 17.COMPARATIVE SHARE ANALYSIS OF ON PREMISE PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 18.COMPARATIVE SHARE ANALYSIS OF CLOUD PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 19.PROCESS ANALYTICS MARKET,BY BY ORGANIZATION SIZE,2021(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF LARGE ENTERPRISES PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SMALL AND MEDIUM ENTERPRISES PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 22.PROCESS ANALYTICS MARKET,BY BY APPLICATION,2021(%)
    FIGURE 23.COMPARATIVE SHARE ANALYSIS OF BUSINESS PROCESS PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF INFORMATION TECHNOLOGY PROCESS PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 25.COMPARATIVE SHARE ANALYSIS OF CUSTOMER INTERACTION PROCESS ANALYTICS MARKET,2021-2031(%)
    FIGURE 26.PROCESS ANALYTICS MARKET BY REGION,2021
    FIGURE 27.U.S. PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 28.CANADA PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 29.U.K. PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 30.GERMANY PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 31.FRANCE PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 32.ITALY PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 33.SPAIN PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 34.NETHERLANDS PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 35.REST OF EUROPE PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 36.CHINA PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 37.JAPAN PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 38.SOUTH KOREA PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 39.AUSTRALIA PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 40.INDIA PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 41.REST OF ASIA-PACIFIC PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 42.LATIN AMERICA PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 43.MIDDLE EAST PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 44.AFRICA PROCESS ANALYTICS MARKET,2021-2031($MILLION)
    FIGURE 45. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 46. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 47. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 48.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 49.COMPETITIVE DASHBOARD
    FIGURE 50.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 51.SCHEER GMBH.: NET SALES ,($MILLION)
    FIGURE 52.WORKSOFT, INC..: NET SALES ,($MILLION)
    FIGURE 53.MINIT.: NET SALES ,($MILLION)
    FIGURE 54.MONKEY MINING BV.: NET SALES ,($MILLION)
    FIGURE 55.ABBYY.: NET SALES ,($MILLION)
    FIGURE 56.CELONIS.: NET SALES ,($MILLION)
    FIGURE 57.FLUXICON BV.: NET SALES ,($MILLION)
    FIGURE 58.ICARO TECH.: NET SALES ,($MILLION)
    FIGURE 59.KOFAX INC..: NET SALES ,($MILLION)
    FIGURE 60.LOGPICKR.: NET SALES ,($MILLION)

 
 

Demand for process analytics systems has been increasing in the past few years and is expected to continue this trend in the coming years as well, owing to increase in adoption of algorithmic business, which are supporting the development of process analytics that can provide dynamically scalable cloud infrastructure to business enterprises at a lower cost. Moreover, collaborations between process analytics and ERP vendors are further enabling the need for process analytics. In addition, growing investments from leading analytics vendors from many regions of the world are promising new opportunities for the growth of the process analytics market in the coming years.

Key providers of the process analytics market such as Celonis, Kofax Inc., and Scheer GmbH, account for a significant share in the market. With larger requirement from process analytics services, various companies are establishing strategic partnership and acquisition to increase process analytics capabilities. For instance, in March 2022, Celonis undergone into acquisition with Process Analytics Factory GmbH (PAF), a leading provider of process mining insights for Microsoft Power BI. This acquisition helps to enable millions of Microsoft Power Platform users to utilize Celonis’ market leading Execution Management System (EMS) for process mining, automation, and collaboration.

In addition, with the increase in demand for process analytics, various companies are expanding their product presence by partnering with tech giant companies. For instance, in March 2022, Celonis entered into partnership with IBM, to scale the adoption of process mining and execution management in the Asia-Pacific (APAC) region. This partnership helps to provide cloud-based solutions to support customers in the APAC region. This also helps to increase the end user customer base.

Moreover, market players are expanding their business operations and customers by increasing their acquisition. For instance, in June 2021, Kofax Inc. was acquired by PSIGEN Software, Inc., a provider of document capture, content management, and workflow automation software and solutions. This acquisition helps to extend leadership position in the capture market, add content management software and solutions to product portfolio, increase customer and partner ecosystem and enhanced intelligent automation platform.

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FREQUENTLY ASKED QUESTIONS?

A. Digital transformation is empowering users’ awareness for analyzing and understanding business processes and increase in adoption of algorithmic business are the significant growth opportunities for the future of global process analytics market. In addition, rise in implementation of task-level automation is positively impacting the growth of the process analytics industry. However, competition from open-source alternatives is hampering the demand for commercial solutions and lack of skills and expertise limit the market growth. On the contrary, the need to focus on enhancing the customer experience is expected to offer remunerative opportunities for expansion of the process analytics industry during the forecast period.

A. North America is the Largest regional market for process analytics market

A. The global process analytics market size was valued at $0.46 billion in 2020, and is projected to reach $18.57 billion by 2030, growing at a CAGR of 44.6% from 2022 to 2031.

A. The global process analytics market is dominated by key players such as Celonis, Fluxicon BV, Icaro Tech, Kofax Inc., Logpickr, Scheer GmbH, Worksoft, Inc., Minit, Monkey Mining BV, and ABBYY. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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