Process Mining Software Market to Exhibit a Massive 44.3% CAGR during 2024-2032; Automation and Improved Efficiency by Adoption of Software to Fuel Market Expansion

The global process mining software market size was valued at USD 1.66 billion in 2023. The market is projected to grow from USD 2.46 billion in 2024 to USD 46.39 billion by 2032, exhibiting a CAGR of 44.3% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Process Mining Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (Cloud-based and On-premises), By Enterprise Type (Large Enterprises and Small & Medium Enterprises), By Application (Order Management, Digital Transformation, Customer Satisfaction, Business Process Improvement, Auditing & Compliance, Others), By End-user (IT & Telecommunication, Healthcare, Retail, BFSI, Manufacturing, Logistics & Transportation, and Others), and Regional Forecast, 2024-2032”.

Digital transformation is taking place across several industries. Many companies are adopting technologies for automation and boosting productivity. Process mining software is used by various industries to improve performance and maximize growth.

Stringent Air Travel Laws Plunged Market During Pandemic

The COVID pandemic had a substantial impact on several sectors due to stringent regulations. Distant working places, limited staff, and supply chain disruptions created an opportunity to implement process mining software for automation. For instance, Tata Consultancy Services collaborated with Celonis GmbH, to help clients to streamline their business, and increase operational resilience, and efficiency.

Pegasystems’ Acquisition to Fix Operational Inefficiencies

To fix inefficiencies in organizational operations, Pegasystems Inc. acquires Overflow in November 2022. This acquisition aims to boost Pega solution offerings by integrating artificial intelligence (AI)-powered solutions with process mining tools.

Deep Learning and Machine Technologies to Bolster Market Growth

Companies focus on investing in advanced technologies such as deep learning and machine learning. For instance, IBM announced the acquisition of myInvenio in April 2021. This acquisition is expected to accelerate digital transformation and overcome bottleneck problems by processing automation with the help of AI support enterprises. These factors are expected to increase the process mining software market share. However, Process mining software collects clients’ data lacking customers’ data privacy which may stifle the market growth.

Companies Focus on Identifying and Providing Custom Solutions to Consumers to Spur Growth

UiPath, Celonis GmbH, ABBYY Solutions Ltd., Cognitive Technology Ltd, Lana Labs GmbH, QPR Software Plc, Software AG, and Kofax are some major companies in the market concentrating on extending their product offerings. Market leaders are identifying new demands to cater to customers according to their requirements.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/process-mining-software-market-104792

Notable Industry Development: 

• September 2022 – Apromore, an open-source process mining technology, announced migration support to the clients where the software company got acquired or had some unresolved issues. 

List of Key Players Profiled in the Report:

• UiPath (U.S.)


• Celonis GmbH (Germany)


• IBM Corporation (U.S.)


• Fluxicon BV (Netherlands)


• Fujitsu Ltd. (Japan)


• Hyland Software, Inc. (U.S.)


• Appian Corporation (U.S.)


• QPR Software Plc (Finland)


• Software AG (Germany)


• ABBYY Solutions Ltd. (U.S.)

Further Report Findings:

• Europe dominates the market with a valuation of 0.36 billion in 2022. U.K. and Germany are leading the region’s growth. Large and small businesses in the region are adopting innovative technologies to automate and run businesses smoothly.


• North America is projected to gain substantial growth during the forecast period. Adoption and implementation of advanced technologies such as machine learning, AI, and the Internet of Things for automation are expected to contribute to the region’s growth.


• Rising focus of government on digital transformations and several investments in the industry are driving the Middle East & Africa and South America’s growth.

Table of Segmentation: