| Status : Published | Published On : Jun, 2023 | Report Code : VRICT5017 | Industry : ICT & Media | Available Format :
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Global Process Analytics Market – Analysis and Forecast (2025 – 2030)
Industry Insights by Process Mining Type (Process Conformance, Process Discovery, and Process Enhancement), by Deployment Type (On-Premise and Cloud), by Organization Size (Large Enterprises, and Small and Medium Enterprises), by Application (Information Technology Process, Business Process and Customer Interaction) and by Geography (North America, Europe, Asia-Pacific, Middle East, and Rest of the World)
Industry Overview
Global Process Analytics Market is projected to grow from USD 2.8 billion in 2023 to USD 11.7 billion in 2030 at a CAGR of 12% during the forecast period from 2025 to 2030.
Increased adoption of digital transformation among various business processes and rapid adherence of task level mechanization across the globe is the major growth driver of the Process Anlytics Market. .
The Process Analytics Market refers to the market for tools and solutions that enable organizations to analyze and optimize their business processes. It involves the use of advanced analytics techniques to gain insights into how processes are functioning, identify inefficiencies and make data-driven decisions for process improvement.
Process analytics solutions typically involve the collection, integration, and analysis of data from various sources, such as enterprise systems, log files, sensors, and other process-related data. These solutions utilize techniques such as data mining, process mining, predictive analytics, and machine learning to uncover patterns, anomalies, and opportunities for optimization.
Process analytics undertakes procedural breakdown of process of an enterprise that helps in conveying effective inputs, operations and outcomes at every single stage. This technique further provides clear understanding regarding effective operation of process and in determining prospective targets for process enhancement through removal of wastage and increment in efficiency. These benefits and features are thereby amplifying the growth of process analytics industry across the globe.
Process Analytics Market Segmentation
Insight by Process Mining Type
On the basis of process mining type, the process analytics market is segmented into process conformance, process discovery and process enhancement. Among all these segments, process conformance is expected to witness highest growth during the forecast period. In this segment, the data mining software is utilized for the authorizations of process conformance and event logs are patterned against perspective processes.
Insight by Deployment Type
On the basis of deployment type, the process analytics market is segmented into on-premises and cloud. Of these two segments, cloud deployment is expected to witness faster growth during the forecast period. Since, organizations are rapidly adopting cloud deployment in order to enable privacy, integration of various cloud applications, and to meet the legal compliances. Moreover, cloud deployment helps the business enterprises in managing cost and thereby helps in improving business agility of an organization.
Insight by Organization Size
On the basis of organization size, the process analytics market is segmented into large enterprises and small and medium enterprises. Among these two segments, large enterprises contribute larger revenue to the market globally, and is further expected to witness significant growth during the forecast period since the technology is enabling business enterprises to control and monitor complex processes of an enterprise.
Insight by Application
Based on application, the process analytics market is segmented into information technology process, business process and customer interaction. Among these segments, business process segment is expected to contribute largest revenue to the global market and is further expected to witness high growth during the forecast period. Moreover, the customer interaction segment is expected to witness fastest growth during the forecast period since it helps in identifying purchasing patterns of the consumers across the globe.
Global Process Analytics Market Report Coverage
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Report Metric |
Details |
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Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 2.8 Billion |
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Revenue Forecast in 2030 |
U.S.D. 11.7 Billion |
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Growth Rate |
12% |
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Segments Covered in the Report |
By Process Mining Type, By Deployment Type, By Organization Size and By Application |
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Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
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Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Process Analytics Market Trends
Increasing demand of data analytics among process manufacturing organizations is the key trend observed in the process analytics market, globally. The technology is helping the business organizations in recognizing key strength and weakness in business operations that help them in taking informed and effective decisions.
Process Analytics Market Growth Drivers
The major factor that is driving the growth of global market include employment of digital transformation that is enhancing awareness among the users helping them to understand and analyze business operations. Furthermore, it has been observed that association between enterprise resource planning (ERP) vendors and increasing adoption of task level automation are other factors pertaining towards the growth of the process analytics market, globally.
Process Analytics Market Restraints
Increasing competition from open-source alternatives is hampering the growth and demand of commercial solutions across the globe. Additionally, lack of skills and expertise in operating these techniques along with increased competition achieved from open-source options is expected to further limit the growth of the process analytics market worldwide.
Process Analytics Market Industry Ecosystem
Globally, industry players are leveraging market growth through new product development, mergers & acquisitions, partnerships, increased investments and technological upgradation that is helping them to increase their market share and to expand geographically.
Process Analytics Market Geographic Overview
Geographically, process analytics market in Europe generate the largest revenue and is further anticipated to witness high growth during the forecast period. The growth of process analytics market in this region is attributed to the development of latest process analytics technology among various large enterprises. Furthermore, among various countries the Netherlands and Germany are the major leaders in Europe. The key players operating in this region are adopting this technology in prevailing their analytics portfolio that enables speedy and efficient operations in order to gain competitive advantage. Process analytics is helping the organizations in Europe to classify unexplored trends and arrangements that helps them in becoming technologically effective.
Global Process Analytics Market, By Region
Process Analytics Market Competitive Insight
The key players offering their solution in the the process analytics market include Celonis, Kofax, Fluxicon, Minit, Icaro Tech, Lana Labs, Logpickr, Process Mining Group, Software AG, Fujitsu, CA Technologies, Process Analytics Factory, StereoLOGIC, Intellera Monkey Mining, QPR Software, TimelinePI, Scheer, Cognitive Technology, Signavio, and ProcessGold.
Recent developments by Key Players
Celonis SE and NEC Corporation are collaborated to expand their strategic partnership. NEC has been named as a Platinum Partner which is the top level in Celonis' certification program. These companies shall work together to develop and commercialize Celonis’ market-leading process mining technology by applying it to the NEC Digital Platform and providing process mining services under the NEC brand. In order to facilitate this collaboration, both companies will jointly develop connectors between their products, set up a governance structure, and provide training support by Celonis. Moreover, these efforts will strengthen NEC's delivery system.
The EY organization has announced an alliance between Ernst & Young LLP (EY India) and Software AG, a leading software and technology company with a suite of products across business process management (BPM), integration and application programming interface (API) management and Internet of Things (IoT). Through digital transformation, the EY-Software AG Alliance helps organizations to improve their growth factors.
The Global Process Analytics Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Process Mining Type
- Process Conformance
- Process Discovery
- Process Enhancement
- By Deployment Type
- On-premises
- Cloud
- By Organization Size
- Large Enterprises
- Small Enterprises
- Medium Enterprises
- By Application
- Information Technology Process
- Business Process
- Customer Interaction
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Process Analytics Market