Process Mining Software Market Overview
The global process mining software market was valued at USD 373.9 million in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 49.0% during the forecast period.
Market Drivers
Key factors driving market growth include:
- Rising adoption of automation and digital transformation across industries
- Growing need for process optimization and operational efficiency
- Increasing demand for real-time data insights and compliance monitoring
- Integration of AI and machine learning with process mining platforms
Market Segmentation
The market is segmented based on component, deployment, enterprise size, application, industry vertical, and region:
- By Component: Software, Services
- By Deployment: Cloud-based, On-premise
- By Enterprise Size: SMEs, Large Enterprises
- By Application: Business Process Improvement, Compliance & Auditing, Customer Experience Management, Others
- By Industry Vertical: BFSI, Manufacturing, Healthcare, Retail, IT & Telecom, Others
- By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Key Market Players
Leading companies in the process mining software market include:
- ABBYY Solutions Limited
- Celonis GmbH
- Fluxicon BV
- Hyland Software, Inc.
- Minit
- myInvenio (an IBM Company)
- QPR
- SAP
- Software AG
- UiPath, Inc.
Conclusion
The process mining software market is witnessing explosive growth as organizations increasingly seek data-driven tools for analyzing, monitoring, and optimizing business processes. Vendors are investing in AI capabilities and expanding their global footprints to meet surging demand.
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