Global Process Analytics Market – Analysis and Forecast (2023 – 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)

Industry Overview

The global process analytics market is expected to witness significant growth at current market size in 2022 is USD 2.8 billion and expected to reach USD 11.7 billion during the forecast period 2030. The growth CAGR 12% of this market is attributed towards increased adoption of digital transformation among various business enterprises and rapid adherence of task level mechanization across the globe.

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 bottlenecks or 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.

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. Moreover, with the help of process conformance non-conformities among various business process models and ideal processes can be further analyzed and any deviations can be rectified.

Insight by Deployment Type

On the basis of deployment type, the process analytics market is segmented into on-premises and cloud. Among 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

On the basis of 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.

Process Analytics Market Report Coverage

Industry Dynamics

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.

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.

Challenges

Increasing competition from open-source alternatives is hindering 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 hinder the growth of the process analytics market worldwide.

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.

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

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.

The Process Analytics Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.

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

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Process Mining Type
                1.2.2.    By Deployment Type 
                1.2.3.    By Organization Size
                1.2.4.    By Application               
                1.2.5.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Process Mining Type
                5.1.1.    Process Conformance
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    Process Discovery
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Process Enhancement
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030          
        5.2.    By Deployment Type
                5.2.1.     On-premises
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Cloud
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030        
        5.3.    By Organization Size   
                5.3.1.    Large Enterprises
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Small and Medium Enterprises
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030        
        5.4.    By Application
                5.4.1.    Information Technology Process
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.    Business Process
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.    Customer Interaction
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030        
        
6.    North America Market Estimate and Forecast

        6.1.    By Process Mining Type
        6.2.    By Deployment Type 
        6.3.    By Organization Size
        6.4.    By Application        
        6.5.    By Country
                6.5.1.    U.S. Market Estimate and Forecast
                6.5.2.    Canada Market Estimate and Forecast
                6.5.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Process Mining Type
        7.2.    By Deployment Type 
        7.3.    By Organization Size
        7.4.    By Application        
        7.5.    By Country
                7.5.1.    Germany Market Estimate and Forecast
                7.5.2.    France Market Estimate and Forecast
                7.5.3.    U.K. Market Estimate and Forecast
                7.5.4.    Italy Market Estimate and Forecast
                7.5.5.    Spain Market Estimate and Forecast
                7.5.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Process Mining Type
        8.2.    By Deployment Type 
        8.3.    By Organization Size
        8.4.    By Application        
        8.5.    By Country
                8.5.1.    China Market Estimate and Forecast
                8.5.2.    Japan Market Estimate and Forecast
                8.5.3.    India Market Estimate and Forecast
                8.5.4.    South Korea Market Estimate and Forecast
                8.5.5.    Singapore Market Estimate and Forecast
                8.5.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Process Mining Type
        9.2.    By Deployment Type 
        9.3.    By Organization Size
        9.4.    By Application        
        9.5.     By Country
                9.5.1.    Brazil Market Estimate and Forecast
                9.5.2.    Saudi Arabia Market Estimate and Forecast
                9.5.3.    South Africa Market Estimate and Forecast
                9.5.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Celonis
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Kofax
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Fluxicon
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Minit
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Icaro Tech
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Lana Labs
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Logpickr
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Process Mining Group
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Software AG
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Fujitsu
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
        10.11.    CA Technologies
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments
        10.12.    Process Analytics Factory
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
                10.12.5.    Recent Developments
        10.13.    StereoLOGIC
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
                10.13.5.    Recent Developments
        10.14.    Intellera Monkey Mining
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
                10.14.5.    Recent Developments
        10.15.    QPR Software
                10.15.1.    Snapshot
                10.15.2.    Overview
                10.15.3.    Offerings
                10.15.4.    Financial Insight
                10.15.5.    Recent Developments
        10.16.    TimelinePI
                10.16.1.    Snapshot
                10.16.2.    Overview
                10.16.3.    Offerings
                10.16.4.    Financial Insight
                10.16.5.    Recent Developments
        10.17.    Scheer
                10.17.1.    Snapshot
                10.17.2.    Overview
                10.17.3.    Offerings
                10.17.4.    Financial Insight
                10.17.5.    Recent Developments
        10.18.    Cognitive Technology
                10.18.1.    Snapshot
                10.18.2.    Overview
                10.18.3.    Offerings
                10.18.4.    Financial Insight
                10.18.5.    Recent Developments
        10.19.    Signavio
                10.19.1.    Snapshot
                10.19.2.    Overview
                10.19.3.    Offerings
                10.19.4.    Financial Insight
                10.19.5.    Recent Developments
        10.20.    ProcessGold
                10.20.1.    Snapshot
                10.20.2.    Overview
                10.20.3.    Offerings
                10.20.4.    Financial Insight
                10.20.5.    Recent Developments        

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Process Analytics Market, By Process Mining Type, 2018-2022 (USD Billion)
Table 5 Global Process Analytics Market, By Process Mining Type, 2023–2030 (USD Billion)
Table 6 Global Process Analytics Market, By Deployment Type, 2018-2022 (USD Billion)
Table 7 Global Process Analytics Market, By Deployment Type, 2023–2030 (USD Billion)
Table 8 Global Process Analytics Market, By Organization Size, 2018-2022 (USD Billion)
Table 9 Global Process Analytics Market, By Organization Size, 2023–2030 (USD Billion)
Table 10 Global Process Analytics Market, By Application, 2018-2022 (USD Billion)
Table 11 Global Process Analytics Market, By Application, 2023–2030 (USD Billion)
Table 12 Global Process Analytics Market, By Region, 2018-2022 (USD Billion)
Table 13 Global Process Analytics Market, By Region, 2023–2030 (USD Billion)
Table 14 North America Process Analytics Market, By Process Mining Type, 2018-2022 (USD Billion)
Table 15 North America Process Analytics Market, By Process Mining Type, 2023–2030 (USD Billion)
Table 16 North America Process Analytics Market, By Deployment Type, 2018-2022 (USD Billion)
Table 17 North America Process Analytics Market, By Deployment Type, 2023–2030 (USD Billion)
Table 18 North America Process Analytics Market, By Organization Size, 2018-2022 (USD Billion)
Table 19 North America Process Analytics Market, By Organization Size, 2023–2030 (USD Billion)
Table 20 North America Process Analytics Market, By Application, 2018-2022 (USD Billion)
Table 21 North America Process Analytics Market, By Application, 2023–2030 (USD Billion)
Table 22 North America Process Analytics Market, By Region, 2018-2022 (USD Billion)
Table 23 North America Process Analytics Market, By Region, 2023–2030 (USD Billion)
Table 24 Europe Process Analytics Market, By Process Mining Type, 2018-2022 (USD Billion)
Table 25 Europe Process Analytics Market, By Process Mining Type, 2023–2030 (USD Billion)
Table 26 Europe Process Analytics Market, By Deployment Type, 2018-2022 (USD Billion)
Table 27 Europe Process Analytics Market, By Deployment Type, 2023–2030 (USD Billion)
Table 28 Europe Process Analytics Market, By Organization Size, 2018-2022 (USD Billion)
Table 29 Europe Process Analytics Market, By Organization Size, 2023–2030 (USD Billion)
Table 30 Europe Process Analytics Market, By Application, 2018-2022 (USD Billion)
Table 31 Europe Process Analytics Market, By Application, 2023–2030 (USD Billion)
Table 32 Europe Process Analytics Market, By Region, 2018-2022 (USD Billion)
Table 33 Europe Process Analytics Market, By Region, 2023–2030 (USD Billion)
Table 34 Asia-Pacific Process Analytics Market, By Process Mining Type, 2018-2022 (USD Billion)
Table 35 Asia-Pacific Process Analytics Market, By Process Mining Type, 2023–2030 (USD Billion)
Table 36 Asia-Pacific Process Analytics Market, By Deployment Type, 2018-2022 (USD Billion)
Table 37 Asia-Pacific Process Analytics Market, By Deployment Type, 2023–2030 (USD Billion)
Table 38 Asia-Pacific Process Analytics Market, By Organization Size, 2018-2022 (USD Billion)
Table 39 Asia-Pacific Process Analytics Market, By Organization Size, 2023–2030 (USD Billion)
Table 40 Asia-Pacific Process Analytics Market, By Application, 2018-2022 (USD Billion)
Table 41 Asia-Pacific Process Analytics Market, By Application, 2023–2030 (USD Billion)
Table 42 Asia-Pacific Process Analytics Market, By Region, 2018-2022 (USD Billion)
Table 43 Asia-Pacific Process Analytics Market, By Region, 2023–2030 (USD Billion)
Table 44  RoW Process Analytics Market, By Process Mining Type, 2018-2022 (USD Billion)
Table 45  RoW Process Analytics Market, By Process Mining Type, 2023–2030 (USD Billion)
Table 46  RoW Process Analytics Market, By Deployment Type, 2018-2022 (USD Billion)
Table 47  RoW Process Analytics Market, By Deployment Type, 2023–2030 (USD Billion)
Table 48  RoW Process Analytics Market, By Organization Size, 2018-2022 (USD Billion)
Table 49  RoW Process Analytics Market, By Organization Size, 2023–2030 (USD Billion)
Table 50  RoW Process Analytics Market, By Application, 2018-2022 (USD Billion)
Table 51  RoW Process Analytics Market, By Application, 2023–2030 (USD Billion)
Table 52  RoW Process Analytics Market, By Region, 2018-2022 (USD Billion)
Table 53  RoW Process Analytics Market, By Region, 2023–2030 (USD Billion)
Table 54 Snapshot – Celonis
Table 55 Snapshot – Kofax
Table 56 Snapshot – Fluxicon
Table 57 Snapshot – Minit
Table 58 Snapshot – Icaro Tech
Table 59 Snapshot – Lana Labs
Table 60 Snapshot – Logpickr
Table 61 Snapshot – Process Mining Group
Table 62 Snapshot – Software AG
Table 63 Snapshot – Fujitsu
Table 64 Snapshot – CA Technologies
Table 65 Snapshot – Process Analytics Factory
Table 66 Snapshot – StereoLOGIC
Table 67 Snapshot – Intellera Monkey Mining
Table 68 Snapshot – QPR Software
Table 59 Snapshot – TimelinePI
Table 7 Snapshot – Scheer
Table 71 Snapshot – Cognitive Technology
Table 72 Snapshot – Signavio
Table 73 Snapshot – ProcessGold

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Process Analytics Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Process Analytics Market Highlight
Figure 12 Global Process Analytics Market, By Process Mining Type, 2018–2030  (USD Billion)
Figure 13 Global Process Analytics Market, By Deployment Type, 2018–2030  (USD Billion)
Figure 14 Global Process Analytics Market, By Organization Size, 2018–2030  (USD Billion)
Figure 15 Global Process Analytics Market, By Application, 2018–2030  (USD Billion)
Figure 16 Global Process Analytics Market, By Region, 2018–2030  (USD Billion)
Figure 17 North America Process Analytics Market Highlight
Figure 18 North America Process Analytics Market, By Process Mining Type, 2018–2030  (USD Billion)
Figure 19 North America Process Analytics Market, By Deployment Type, 2018–2030  (USD Billion)
Figure 20 North America Process Analytics Market, By Organization Size, 2018–2030  (USD Billion)
Figure 21 North America Process Analytics Market, By Application, 2018–2030  (USD Billion)
Figure 22 North America Process Analytics Market, By Region, 2018–2030  (USD Billion)
Figure 23 Europe Process Analytics Market Highlight
Figure 24 Europe Process Analytics Market, By Process Mining Type, 2018–2030  (USD Billion)
Figure 25 Europe Process Analytics Market, By Deployment Type, 2018–2030  (USD Billion)
Figure 26 Europe Process Analytics Market, By Organization Size, 2018–2030  (USD Billion)
Figure 27 Europe Process Analytics Market, By Application, 2018–2030  (USD Billion)
Figure 28 Europe Process Analytics Market, By Region, 2018–2030  (USD Billion)
Figure 29 Asia-Pacific Process Analytics Market Highlight
Figure 30 Asia-Pacific Process Analytics Market, By Process Mining Type, 2018–2030  (USD Billion)
Figure 31 Asia-Pacific Process Analytics Market, By Deployment Type, 2018–2030  (USD Billion)
Figure 32 Asia-Pacific Process Analytics Market, By Organization Size, 2018–2030  (USD Billion)
Figure 33 Asia-Pacific Process Analytics Market, By Application, 2018–2030  (USD Billion)
Figure 34 Asia-Pacific Process Analytics Market, By Region, 2018–2030  (USD Billion)
Figure 35 RoW Process Analytics Market Highlight
Figure 36 RoW Process Analytics Market, By Process Mining Type, 2018–2030  (USD Billion)
Figure 37 RoW Process Analytics Market, By Deployment Type, 2018–2030  (USD Billion)
Figure 38 RoW Process Analytics Market, By Organization Size, 2018–2030  (USD Billion)
Figure 39 RoW Process Analytics Market, By Application, 2018–2030  (USD Billion)
Figure 40 RoW Process Analytics Market, By Region, 2018–2030  (USD Billion)