Process Mining Market - By Component (Solution, Service), By Type (Discovery, Conformance, Enhancement), By Deployment Model (On-premises, Cloud), By End-user (Manufacturing, IT &Telecom, BFSI, Retail & E-commerce), Forecast 2023 - 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationProcess Mining Market Size
Process Mining Market was worth USD 1.03 billion in 2022 and is expected to develop at a CAGR of more than 40% from 2023 to 2032. Massive capital investments are fueling the market, encouraging growth and innovation in the sector. Investments from different sources such as venture capital outfits and big technology corporations have given the much-needed funds to process mining software vendors to expand their offerings.
In order to access essential market trends
For example, Apromore, a process mining software provider, closed out its Series B round in December 2022 with USD 10.3 million in investment by Salesforce and Main Capital Partners-backed GBTEC. The resulting cash infusion will allow Apromore to continue to grow product features and connectivity options to match growing market demand for industry-leading process mining software.
Operational efficiency is a major force driving the process mining market. Companies nowadays are confronted with the task of streamlining intricate processes in order to boost productivity. Process mining provides an answer by delivering detailed insights into these processes. Through the analysis of digital traces and event logs, organizations are able to determine bottlenecks & inefficiencies. With this knowledge, they can optimize workflows, automate mundane tasks, and enhance resource usage. This efficiency increase lowers costs of operation and boosts overall output, thus being an important consideration driving the implementation of process mining tools across various sectors.
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| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Process Mining Market Size in 2022 | USD 1.03 billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 40% |
| 2032 Value Projection | USD 31.52 billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 334 |
| Segments covered | Component, Type, Deployment Model, End-user |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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Data privacy and security pose significant challenges to the process mining market. To analyze sensitive data for process optimization, compliance with stringent privacy regulations such as GDPR is a must. This compliance demands meticulous handling of personal and confidential information. Ensuring secure data storage, transmission, and access control while extracting valuable insights is paramount. Striking a balance between leveraging data for process improvement and safeguarding individual privacy rights is a complex task, requiring robust encryption methods and stringent compliance measures to mitigate risks & foster market growth.
COVID-19 Impact
The COVID-19 pandemic accelerated the adoption of process mining solutions. Businesses, facing disruptions and remote work challenges, turned to process mining to optimize remote workflows, enhance operational efficiency, and reduce costs. The need for real-time insights into rapidly changing processes became crucial. Industries including healthcare and supply chain management particularly benefited from process mining, ensuring streamlined operations amidst uncertainties. This increased demand and reliance on data-driven decision-making have positively impacted the market share.
Process Mining Market Trends
The integration of AI systems into process mining solutions is driving growth in the market. AI enhances process mining by automating complex data analysis, uncovering intricate patterns, and predicting process behavior. For instance, in May 2023, Pegasystems Inc., a leading low-code platform provider, unveiled Pega Process Mining. This new offering simplifies the process of identifying and addressing operational inefficiencies for users of all expertise levels within the Pega ecosystem. Coupled with generative AI-ready APIs, the solution can seamlessly integrate into the Pega Platform. This integration provides organizations with a cohesive solution, enabling continuous optimization of their Pega workflows. This value proposition fuels market expansion and attracts businesses aiming for enhanced productivity & competitiveness.
Compliance and risk management are pivotal aspects propelling the market. Process mining tools help organizations ensure adherence to regulatory standards and internal protocols. By analyzing digital footprints, these tools provide transparency, allowing businesses to identify non-compliance risks, fraud, or deviations from established procedures. Detecting these issues in real time enables proactive measures, ensuring legal compliance, mitigating financial risks & safeguarding the organization's reputation. This capability to enhance governance and risk management practices makes process mining essential for businesses operating in regulated environments.
Process Mining Market Analysis
Learn more about the key segments shaping this market
Based on component, the market is divided into solution and service. The solution segment held over 65% of the business share in 2022. Solutions with enhanced features are driving momentum in the market. By continuously improving functionalities, such as advanced data analysis, real-time monitoring, and intuitive visualization tools, providers are meeting the evolving business needs. For instance, in May 2023, Celonis, a leading provider of process mining solutions, unveiled a range of robust product features designed to help companies swiftly discover and capitalize on the business value within their processes. These enhancements highlight Celonis' commitment to continuously improving its core platform, showcasing the company's ongoing efforts to redefine the field of process mining.
Learn more about the key segments shaping this market
Based on deployment model, the process mining market is categorized into on-premises and cloud. The cloud segment held around 40% market share in 2022 and is projected to grow by 2032. Scalability is a driving force behind the adoption of cloud-based process mining solutions. Businesses, particularly those experiencing rapid growth or fluctuating data volumes, benefit from the cloud's ability to scale resources on demand. Whether analyzing a small dataset or handling vast amounts of process data, cloud platforms provide the necessary computational power and storage space. This scalability ensures that organizations can efficiently manage their process mining needs without worrying about hardware limitations, making cloud deployment an ideal choice for businesses with varying processing requirements.
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North America dominated the global process mining market with a major share of over 35% in 2022. Enterprise digital transformation initiatives in North America are driving the adoption of process mining solutions. As businesses undergo digital transformation, they aim to modernize their processes, making them agile, efficient & technology-driven. Process mining plays a pivotal role by offering insights into the existing workflows, identifying bottlenecks, and enabling seamless automation. By leveraging process mining technologies, North American enterprises can streamline their operations, enhance productivity, and deliver superior digital experiences to customers, aligning with the overarching goals of their digital transformation strategies.
Process Mining Market Share
Major players operating in the process mining industry are
- ABBYY
- Celonis
- IBM Corporation
- Microsoft Corporation
- SAP Signavio
- Software AG
- UiPath
- Mehrwerk
- Apromore
- Kofax
Celonis and SAP Signavio dominate the market. Leading players in the market compete for market share by investing in advanced technologies and strategic collaborations. They focus on enhancing user experience, expanding global presence, and offering diverse solutions, thus fostering intense competition & innovation in the industry.
Process Mining Industry News
- In May 2023, Mindzie launched an innovative business process mining platform fueled by generative AI. This cutting-edge technology transforms how organizations analyze, optimize & automate their business processes, enhancing efficiency, productivity, and cost-effectiveness significantly
The process mining market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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By Component, 2018 – 2032
- Solution
- Service
By Type, 2018 – 2032
- Discovery
- Conformance
- Enhancement
By Deployment Model, 2018 – 2032
- On-premises
- Cloud
By End User, 2018 – 2032
- Manufacturing
- IT &Telecom
- BFSI
- Retail & E-commerce
- Healthcare
- Transportation & Logistics
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- South Korea
- Southeast Asia
- ANZ
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- Saudi Arabia
- South Africa
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