New Study-50.3% Growth Rate for Process Analytics Market by 2023

The Global report titled on “Process Analytics Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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Top Companies profiled in the “Process Analytics Market” include are Celonis (Germany), Fluxicon (Netherlands), Icaro Tech (Brazil), Kofax (US), Lana Labs (Germany), Minit (Slovakia), Logpickr (France), TimelinePI (US), Scheer (Germany), Monkey Mining (Netherlands), Work soft (US), Puzzle Data (South Korea), QPR Software (Finland), Cognitive Technology (Malta), Signavio (Germany), SNP (US), Your Data (France), Process Mining Group (Open-Source), Software AG (Germany), Fujitsu (Japan), CA Technologies (US), Process Analytics Factory (Germany), Stereo LOGIC (Ontario), Intellera (Canada), and Process Gold (Netherlands).

 

The Global Process Analytics Market size is expected to grow from US$ 185.3 Million in 2018 to US$ 1,421.7 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 50.3% during the forecast period.

 

“The process conformance sub segment is expected to grow at the highest CAGR during the forecast period.”

In the process conformance sub segment, the data mining software is used for process conformance checks, wherein the event logs are checked against ideal processes. The process mining software converts the event logs into a process model and checks them against ideal and pre-defined processes.

 

“The on-premises sub segment is expected to account for the larger market size in the deployment type segment during the forecast period.”

The on-premises deployment type refers to the installation of the software in premises of an organization. The software is delivered on a one-time license fee, along with an annual services agreement, which includes free up gradation and installation of new functionalities. The deployment of on-premises process analytics software requires dedicated infrastructure and servers.

 

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Competitive Landscape of Process Analytics Market:

1 Overview

2 Market Ranking Analysis

3 Competitive Scenario

3.1 New Product Launches and Product Enhancements

3.2 Business Expansions

3.3 Mergers and Acquisitions

3.4 Partnerships, Agreements, and Collaborations

 

Target Audience for Process Analytics Market:  Process analytics vendors, Data scientists, Integration services providers, Cloud services providers, Big data analytics vendors, Business process management vendors, Consultancy firms and advisory firms, Regulatory agencies, Technology consultants, Governments.

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