The global Process Mining Software Market was valued at 1.2 billion in 2022 and it is anticipated to grow up to USD 8.4 billion by 2032, at a CAGR of 21.5% during the forecast period.
Request free sample copy of this research study- https://www.globalinsightservices.com/request-sample/GIS21305?utm_source=%2F%3Futm_source%3Dpranalipawar%26utm_medium%3Dlinkewire.%26utm_campaign%3D04122023
Process mining software is a type of business process management (BPM) software that uses data mining techniques to discover, model, and monitor business processes. By analyzing data from event logs, process mining software can automatically generate process models that can be used to improve process performance. Process mining software can also be used to monitor process compliance and to detect process anomalies.
Market Trends and Drivers
The process mining software market has experienced significant advancements in recent decades, driven by factors such as the integration of robotic process automation (RPA) with process mining applications and the growing adoption of technology-based solutions. Businesses across various industries are actively pursuing digital transformation, seeking technologies that can enhance productivity while reducing costs. The demand for RPA has been rapidly increasing as organizations strive to improve performance and efficiency. With a reliance on digital systems for automating both backend and frontend activities, RPA has emerged as a valuable technology in numerous industries, particularly during the pandemic. Consequently, there is a growing need for specialized process mining applications that can automate workflows. RPA technology is considered one of the most effective tools for enhancing productivity while working from home or remote locations. It is expected to drive the growth of the process mining software market in the forecast period by enabling quick process automation within shorter timeframes.
Major Players in the Global Process Mining Software Market
Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the global Process Mining Software market include UiPath, Celonis GmbH, Fluxion BV, Fujitsu Ltd, Hyland Software Inc., Minit, QPR Software Plc., Software AG, ABBYY Solutions Ltd among others.
Speak to Analyst for more detailshttps://www.globalinsightservices.com/request-customization/GIS21305?utm_source=%2F%3Futm_source%3Dpranalipawar%26utm_medium%3Dlinkewire.%26utm_campaign%3D04122023
Global Process Mining Software Market Segmentation
By Deployment
- On-Premise
- Cloud
By Component
- Software
- Services
By Application
- Strategic Sourcing
- Contract Management
- Category Management
- Transactional Procurement
- Supplier Management
By End-user
- Manufacturing
- Healthcare
- BFSI
- Consumer Goods & Services
- Telecommunications & IT
- Logistics & Transportation
- Others
Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS21305?utm_source=%2F%3Futm_source%3Dpranalipawar%26utm_medium%3Dlinkewire.%26utm_campaign%3D04122023
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/