Global Process Analytics Market is valued approximately USD 0.67 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 44.6% over the forecast period 2023-2030. Process analysis refers to the systematic evaluation of business processes, such as budgeting or manufacturing, with the aim of assessing performance and pinpointing areas for enhancement. Additionally, it entails the analysis of data, although not all data analysis is specifically focused on evaluating processes. The demand for business process analytics is on the rise due to the increasing prevalence of digital transformation and intensified competition, which drives the need for better analysis and understanding of business processes. The growing utilization of algorithms to streamline the process analytics industry is a significant factor contributing to this trend. Moreover, the adoption of task-level automation is playing a positive role in fueling the growth of the process analytics sector.
Moreover, the rising adoption of cloud AI and business analytics tools has indeed supported the growth of the Process Analytics Market. According to the Statista in 2023, In the United States, across various sectors (excluding agriculture, forestry, fishery, and hunting), the percentage of AI-related job postings has risen from 1.7% in 2021 to 1.9% in 2022. This indicates a growing demand for workers with AI-related skills among US employers. Additionally, an analysis conducted by the AI Index reveals that the number of bills pertaining to "artificial intelligence" passed into law has increased from only 1 in 2016 to 37 in 2022, spanning 127 countries. Additionally, digital transformation business and the increasing adoption of algorithmic business approaches are the significant growth opportunities for the future of global process analytics market. However, increasing competition from open-source alternatives stifling market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Process Analytics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the initial adoption of advanced process analytics technology in enterprises has led to improved technological effectiveness. Key players in countries like the US and Canada offer cloud-based solutions for fast and efficient operations, contributing to this advancement. Process analytics plays a crucial role in helping enterprises across the region become more technologically effective. Asia Pacific is expected to grow significantly during the forecast period, owing to a surge in the adoption of advanced strategic platforms that incorporate advanced process analytics, automation, and AI technologies such as natural language processing and machine learning. These platforms empower market leaders to think more expansively and precisely about a diverse range of future possibilities.
Major market player included in this report are:
- Fluxicon BV
- CA Technologies
- Monkey Mining BV
- Scheer Gmbh
- Logpickr
- Icaro Tech
- Kofax Inc.
- Worksoft, Inc.
- Cognitive Technology
- QPR Software
Recent Developments in the Market:
- In August 2021, Appian has recently acquired Lana Labs, the renowned developer of the LANA Process Mining Platform. Lana Labs is highly regarded for its proficiency in handling complex enterprise processes, offering robust AI- and machine learning-based process analysis, seamless data integration, and user-friendly interface. By leveraging Lana's platform, customers can minimize the time spent on data consolidation and instead focus on identifying and addressing process inefficiencies.
Global Process Analytics Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimatio: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Process Mining Type, Development Mode, Organization Size, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Process Mining Type:
- Process discovery
- Process conformance
- Process enhancement
By Deployment Mode:
By Organization Size:
- Large Enterprise
- Small and Medium Enterprises
By Application:
- Business Process
- Information Technology Process
- Customer Interaction
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Process Analytics Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Process Analytics Market, by Process Mining Type, 2020-2030 (USD Billion)
- 1.2.3. Process Analytics Market, by Deployment Mode, 2020-2030 (USD Billion)
- 1.2.4. Process Analytics Market, by Organization Size, 2020-2030 (USD Billion)
- 1.2.5. Process Analytics Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Process Analytics Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Process Analytics Market Dynamics
- 3.1. Process Analytics Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing adoption of cloud AI, and business analytics tools
- 3.1.1.2. Growing adoption of task-level automation
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Process Analytics
- 3.1.2.2. Increasing competition from open-source alternatives
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements digital transformation business
- 3.1.3.2. Increasing adoption of algorithmic business approaches
Chapter 4. Global Process Analytics Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Process Analytics Market, by Process Mining Type
- 5.1. Market Snapshot
- 5.2. Global Process Analytics Market by Process Mining Type, Performance - Potential Analysis
- 5.3. Global Process Analytics Market Estimates & Forecasts by Process Mining Type 2020-2030 (USD Billion)
- 5.4. Process Analytics Market, Sub Segment Analysis
- 5.4.1. Process discovery
- 5.4.2. Process conformance
- 5.4.3. Process enhancement
Chapter 6. Global Process Analytics Market, by Deployment Mode
- 6.1. Market Snapshot
- 6.2. Global Process Analytics Market by Deployment Mode, Performance - Potential Analysis
- 6.3. Global Process Analytics Market Estimates & Forecasts by Deployment Mode 2020-2030 (USD Billion)
- 6.4. Process Analytics Market, Sub Segment Analysis
- 6.4.1. On Premise
- 6.4.2. Cloud
Chapter 7. Global Process Analytics Market, by Organization Size
- 7.1. Market Snapshot
- 7.2. Global Process Analytics Market by Organization Size, Performance - Potential Analysis
- 7.3. Global Process Analytics Market Estimates & Forecasts by Organization Size 2020-2030 (USD Billion)
- 7.4. Process Analytics Market, Sub Segment Analysis
- 7.4.1. Large Enterprise
- 7.4.2. Small and Medium Enterprises
Chapter 8. Global Process Analytics Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Process Analytics Market by Application, Performance - Potential Analysis
- 8.3. Global Process Analytics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 8.4. Process Analytics Market, Sub Segment Analysis
- 8.4.1. Business Process
- 8.4.2. Information Technology Process
- 8.4.3. Customer Interaction
Chapter 9. Global Process Analytics Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Process Analytics Market, Regional Market Snapshot
- 9.4. North America Process Analytics Market
- 9.4.1. U.S. Process Analytics Market
- 9.4.1.1. Process Mining Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Deployment Mode breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Organization Size breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Process Analytics Market
- 9.5. Europe Process Analytics Market Snapshot
- 9.5.1. U.K. Process Analytics Market
- 9.5.2. Germany Process Analytics Market
- 9.5.3. France Process Analytics Market
- 9.5.4. Spain Process Analytics Market
- 9.5.5. Italy Process Analytics Market
- 9.5.6. Rest of Europe Process Analytics Market
- 9.6. Asia-Pacific Process Analytics Market Snapshot
- 9.6.1. China Process Analytics Market
- 9.6.2. India Process Analytics Market
- 9.6.3. Japan Process Analytics Market
- 9.6.4. Australia Process Analytics Market
- 9.6.5. South Korea Process Analytics Market
- 9.6.6. Rest of Asia Pacific Process Analytics Market
- 9.7. Latin America Process Analytics Market Snapshot
- 9.7.1. Brazil Process Analytics Market
- 9.7.2. Mexico Process Analytics Market
- 9.8. Middle East & Africa Process Analytics Market
- 9.8.1. Saudi Arabia Process Analytics Market
- 9.8.2. South Africa Process Analytics Market
- 9.8.3. Rest of Middle East & Africa Process Analytics Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Fluxicon BV
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. CA Technologies
- 10.3.3. Monkey Mining BV
- 10.3.4. Scheer Gmbh
- 10.3.5. Logpickr
- 10.3.6. Icaro Tech
- 10.3.7. Kofax Inc.
- 10.3.8. Worksoft, Inc.
- 10.3.9. Cognitive Technology
- 10.3.10. QPR Software
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption