Process Mining Software Market Size, Growth & Forecast to 2027

Global Process Mining Software Market Size, Share, Trends, Industry Growth by Component (Software, Services), by Deployment (On-premise, Cloud), by Application, by End-Use Industry, by Region, and Forecast to 2027

Report ID: RC147739 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 25th, 2023

The global process mining software market size is expected to experience a robust CAGR of around 50% during the forecast period 2021 to 2027. The rising inclination towards improving process auditing and compliances in organizations are some of the major factors to drive the market growth. Furthermore, the increasing investment in the integration of AI with the mining process for real-time analysis to enhance business operations is further expected to fuel the market over the forecast period. In February 2021, Software AG entered into a partnership with Automation Anywhere to further upgrade the automation process. Moreover, the rapid growth in digitalization, growing automation, and the increasing adoption of cloud-based services are expected to drive the market growth.

Market Drivers:

Increasing Complexity in Business Processes: With the growing complexity of business processes across industries, organizations are seeking ways to gain better insights into their operations. Process mining software provides the capability to visualize and analyze these complex processes, enabling organizations to identify inefficiencies, bottlenecks, and areas for improvement.

Demand for Operational Efficiency: Organizations are continuously striving for operational efficiency and cost optimization. Process mining software offers real-time visibility into processes, allowing businesses to identify inefficiencies, streamline workflows, and reduce operational costs. By automating and optimizing processes, organizations can enhance productivity and achieve better business outcomes.

Digital Transformation Initiatives: Digital transformation has become a key strategic priority for organizations across industries. Process mining software plays a vital role in digital transformation initiatives by providing insights into existing processes, identifying automation opportunities, and facilitating the implementation of digital technologies. It helps organizations optimize processes and align them with digital strategies, leading to improved efficiency and competitiveness.

Compliance and Risk Management: Regulatory compliance and risk management are critical concerns for organizations. Process mining software assists in monitoring and ensuring compliance by analyzing process execution and identifying potential deviations or non-compliance. It helps organizations proactively identify risks, implement control measures, and enhance compliance with industry regulations and standards.

Adoption of Artificial Intelligence and Machine Learning: The integration of artificial intelligence (AI) and machine learning (ML) technologies with process mining software is driving its growth. AI-powered process mining tools can automatically analyze large volumes of data, detect patterns, and uncover insights that help organizations optimize processes, predict outcomes, and make data-driven decisions for process improvement.

Increasing Data Availability and Accessibility: The availability of large amounts of data generated by digital systems and technologies has opened up new possibilities for process mining. Process mining software leverages this data to provide a comprehensive understanding of process performance, identify inefficiencies, and drive continuous process improvement. The increasing accessibility and availability of data have fueled the adoption of process mining software.

Focus on Customer Experience: Organizations are placing a greater emphasis on delivering superior customer experiences. Process mining software enables organizations to gain insights into customer journeys, identify pain points, and optimize processes to enhance customer satisfaction. By visualizing end-to-end processes and understanding customer touchpoints, organizations can make data-driven improvements to enhance the customer experience.

Emergence of Cloud Computing: The emergence of cloud computing has facilitated the adoption of process mining software. Cloud-based process mining solutions offer scalability, flexibility, and cost-effectiveness, allowing organizations to easily access and deploy process mining capabilities without significant infrastructure investments. The accessibility and affordability of cloud-based solutions have accelerated the adoption of process mining software.

Market Snapshot:

Benchmark Year		2022
Market Size
Market Growth (CAGR)		~ 50% (2023-2030)
Largest Market Share		Europe
Analysis Period		2020-2030
Market Players		ABBYY Solutions Limited, Fluxicon BV, Celonis GmbH, Minit, and Hyland Software, Inc.

Market Insights:

The global process mining software market is bifurcated into component, deployment, application, end-use industry, and geography. On the basis of application, the market is further segmented into transactional procurement, strategic sourcing, contract management, category management, and supplier management. The transaction procurement segment dominated the global market in 2020 and accounted to hold the largest market share around one-fourth of the market. The strong demand for better procurement solutions and services in organizations is a major factor to drive the segment growth. On the flip side, the category management segment is estimated to grow at the fastest growth rate owing to the increasing demand for market analysis and strategies.

On the basis of the end-use industry, the market is segmented into BFSI, manufacturing, healthcare, consumer goods & services, and others. The BFSI segment dominated the global process mining software market in 2020 and accounted to hold the largest market share of around one-third of the market by the end of the analysis period. The rising focus of banking and financial service providers to enhance the customer’s experience is a major factor to drive the segment growth. On the other hand, the consumer goods and services segment is accounted to grow at the fastest CAGR during the forecast period due to the increasing focus of manufacturers to enhance the manufacturing process and financial impacts.

Process Mining Software Market Growth

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The process mining software comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The process mining software market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2018-19 – Historical Year
2020 – Base Year
2021-2027 – Forecast Period

Market Segmentation:

By Component:

Software
Services

By Deployment:

On-premise
Cloud

By Application:

Strategic Sourcing
Contract Management
Category Management
Transactional Procurement
Supplier Management

By End-Use Industry:

BFSI
Manufacturing
Healthcare
Consumer Goods & Services
Telecommunications & IT
Logistics & Transportation
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, Europe dominated the global process mining software market in 2020 and is expected to maintain its dominance over the forecast period. The rapid growth in digitalization, growing adoption of automation tools and services, and the early adoption of advanced technologies are some major factors to drive the market growth in the region. On the flip side, the Asia Pacific is expected to grow at the fastest growth rate over the forecast period. The increasing inclination of enterprises towards process mining to enhance business operations and the growing cloud infrastructure are some major factors to drive the market growth in the Asia Pacific.

Competitive Assessment:

Some of the major market players operating in the global process mining software market are ABBYY Solutions Limited, Fluxicon BV, Celonis GmbH, Minit, and Hyland Software, Inc. Companies are exploring markets by expansion, new investments, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

ABBYY Solutions Limited
Fluxicon BV
Celonis GmbH
Minit
Hyland Software, Inc.
Software AG
myInvenio, an IBM Company
Signavio
UiPath, Inc.
QPR Software Plc

Key Questions Answered by Process Mining Software Market Report

Global process mining software market forecasts from 2021-2027
Regional process mining software market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
Process mining software submarket forecasts from 2021-2027 covering the market by component, by deployment, by application, by end-use industry, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about process mining software market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level process mining software markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the process mining software market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Process Mining Software Market Portraiture
2.2. Global Process Mining Software Market, by Component, 2020 (USD Mn)
2.3. Global Process Mining Software Market, by Deployment, 2020 (USD Mn)
2.4. Global Process Mining Software Market, by Application, 2020 (USD Mn)
2.5. Global Process Mining Software Market, by End-Use Industry, 2020 (USD Mn)
2.6. Global Process Mining Software Market, by Geography, 2020 (USD Mn)

3. Global Process Mining Software Market Analysis

3.1. Process Mining Software Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

4. Global Process Mining Software Market By Component, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Software
4.3. Services

5. Global Process Mining Software Market By Deployment, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. On-premise
5.3. Cloud-based

6. Global Process Mining Software Market By Application, 2018 – 2027 (USD Mn)

6.1. Overview
6.2. Strategic Sourcing
6.3. Contract Management
6.4. Category Management
6.5. Transactional Procurement
6.6. Supplier Management

7. Global Process Mining Software Market By End-Use Industry, 2018 – 2027 (USD Mn)

7.1. Overview
7.2. BFSI
7.3. Manufacturing
7.4. Healthcare
7.5. Consumer Goods & Services
7.6. Telecommunications & IT
7.7. Logistics & Transportation
7.8. Others

8. North America Process Mining Software Market Analysis and Forecast, 2018 – 2027 (USD Mn)

8.1.1. Overview
8.1.2. North America Process Mining Software Market by Component (2018-2027 USD Mn)
8.1.3. North America Process Mining Software Market by Deployment (2018-2027 USD Mn)
8.1.4. North America Process Mining Software Market by Application (2018-2027 USD Mn)
8.1.5. North America Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
8.1.6. North America Process Mining Software Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Process Mining Software Market by Component (2018-2027 USD Mn)
8.1.6.1.2. U.S. Process Mining Software Market by Deployment (2018-2027 USD Mn)
8.1.6.1.3. U.S. Process Mining Software Market by Application (2018-2027 USD Mn)
8.1.6.1.4. U.S. Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Process Mining Software Market by Component (2018-2027 USD Mn)
8.1.6.2.2. Canada Process Mining Software Market by Deployment (2018-2027 USD Mn)
8.1.6.2.3. Canada Process Mining Software Market by Application (2018-2027 USD Mn)
8.1.6.2.4. Canada Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)

9. Europe Process Mining Software Market Analysis and Forecast, 2018 – 2027 (USD Mn)

9.1.1. Overview
9.1.2. Europe Process Mining Software Market by Component (2018-2027 USD Mn)
9.1.3. Europe Process Mining Software Market by Deployment (2018-2027 USD Mn)
9.1.4. Europe Process Mining Software Market by Application (2018-2027 USD Mn)
9.1.5. Europe Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
9.1.6. Europe Process Mining Software Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Process Mining Software Market by Component (2018-2027 USD Mn)
9.1.6.1.2. Germany Process Mining Software Market by Deployment (2018-2027 USD Mn)
9.1.6.1.3. Germany Process Mining Software Market by Application (2018-2027 USD Mn)
9.1.6.1.4. Germany Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Process Mining Software Market by Component (2018-2027 USD Mn)
9.1.6.2.2. U.K. Process Mining Software Market by Deployment (2018-2027 USD Mn)
9.1.6.2.3. U.K. Process Mining Software Market by Application (2018-2027 USD Mn)
9.1.6.2.4. U.K. Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Process Mining Software Market by Component (2018-2027 USD Mn)
9.1.6.3.2. France Process Mining Software Market by Deployment (2018-2027 USD Mn)
9.1.6.3.3. France Process Mining Software Market by Application (2018-2027 USD Mn)
9.1.6.3.4. France Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Process Mining Software Market by Component (2018-2027 USD Mn)
9.1.6.4.2. Italy Process Mining Software Market by Deployment (2018-2027 USD Mn)
9.1.6.4.3. Italy Process Mining Software Market by Application (2018-2027 USD Mn)
9.1.6.4.4. Italy Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Process Mining Software Market by Component (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Process Mining Software Market by Deployment (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Process Mining Software Market by Application (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)

10. Asia Pacific Process Mining Software Market Analysis and Forecast, 2018 – 2027 (USD Mn)

10.1.1. Overview
10.1.2. Asia Pacific Process Mining Software Market by Component (2018-2027 USD Mn)
10.1.3. Asia Pacific Process Mining Software Market by Deployment (2018-2027 USD Mn)
10.1.4. Asia Pacific Process Mining Software Market by Application (2018-2027 USD Mn)
10.1.5. Asia Pacific Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
10.1.6. Asia Pacific Process Mining Software Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Process Mining Software Market by Component (2018-2027 USD Mn)
10.1.6.1.2. China Process Mining Software Market by Deployment (2018-2027 USD Mn)
10.1.6.1.3. China Process Mining Software Market by Application (2018-2027 USD Mn)
10.1.6.1.4. China Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Process Mining Software Market by Component (2018-2027 USD Mn)
10.1.6.2.2. Japan Process Mining Software Market by Deployment (2018-2027 USD Mn)
10.1.6.2.3. Japan Process Mining Software Market by Application (2018-2027 USD Mn)
10.1.6.2.4. Japan Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Process Mining Software Market by Component (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Process Mining Software Market by Deployment (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Process Mining Software Market by Application (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)

11. Latin America (LATAM) Process Mining Software Market Analysis and Forecast, 2018 – 2027 (USD Mn)

11.1.1. Overview
11.1.2. Latin America Process Mining Software Market by Component (2018-2027 USD Mn)
11.1.3. Latin America Process Mining Software Market by Deployment (2018-2027 USD Mn)
11.1.4. Latin America Process Mining Software Market by Application (2018-2027 USD Mn)
11.1.5. Latin America Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
11.1.6. Latin America Process Mining Software Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Process Mining Software Market by Component (2018-2027 USD Mn)
11.1.6.1.2. Brazil Process Mining Software Market by Deployment (2018-2027 USD Mn)
11.1.6.1.3. Brazil Process Mining Software Market by Application (2018-2027 USD Mn)
11.1.6.1.4. Brazil Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Process Mining Software Market by Component (2018-2027 USD Mn)
11.1.6.2.2. Mexico Process Mining Software Market by Deployment (2018-2027 USD Mn)
11.1.6.2.3. Mexico Process Mining Software Market by Application (2018-2027 USD Mn)
11.1.6.2.4. Mexico Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Process Mining Software Market by Component (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Process Mining Software Market by Deployment (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Process Mining Software Market by Application (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)

12. Middle East and Africa Process Mining Software Market Analysis and Forecast, 2018 – 2027 (USD Mn)

12.1.1. Overview
12.1.2. MEA Process Mining Software Market by Component (2018-2027 USD Mn)
12.1.3. MEA Process Mining Software Market by Deployment (2018-2027 USD Mn)
12.1.4. MEA Process Mining Software Market by Application (2018-2027 USD Mn)
12.1.5. MEA Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
12.1.6. Middle East and Africa Process Mining Software Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Process Mining Software Market by Component (2018-2027 USD Mn)
12.1.6.1.2. GCC Process Mining Software Market by Deployment (2018-2027 USD Mn)
12.1.6.1.3. GCC Process Mining Software Market by Application (2018-2027 USD Mn)
12.1.6.1.4. GCC Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Process Mining Software Market by Component (2018-2027 USD Mn)
12.1.6.2.2. South Africa Process Mining Software Market by Deployment (2018-2027 USD Mn)
12.1.6.2.3. South Africa Process Mining Software Market by Application (2018-2027 USD Mn)
12.1.6.2.4. South Africa Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Process Mining Software Market by Component (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Process Mining Software Market by Deployment (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Process Mining Software Market by Application (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Process Mining Software Market by End-Use Industry (2018-2027 USD Mn)

13. Company Profiles

13.1. ABBYY Solutions Limited
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Fluxicon BV
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Celonis GmbH
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Minit
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Hyland Software, Inc.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Software AG
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. myInvenio, an IBM Company
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Signavio
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. UiPath, Inc.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. QPR Software Plc
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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