Process Mining Market Analysis, Scope, and Growth by 2030
Process Mining Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 1.21 Billion |
Market Size by 2030 | US$ 22.64 Billion |
Global CAGR (2022 - 2030) | 44.2% |
Historical Data | 2020-2022 |
Forecast period | 2022-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Process Mining Market Recent Developments:
The process mining market forecast can help stakeholders in this marketplace plan their growth strategies. Inorganic and organic strategies such as mergers and acquisitions are highly adopted by the market players to mark their position in the process mining market. A few recent key developments are listed below:
- In September 2023, QPR Software and Novacon entered into a partnership to transform process mining solutions in Hungary. This partnership combines Novacon's extensive experience in Lean management and process automation with QPR's cutting-edge process mining knowledge and software, QPR ProcessAnalyzer.
- In May 2023, Celonis announced the launch of new process mining innovations to deliver fast, substantial value to customers. These new product capabilities enable companies to find and capture business value within their processes rapidly.
- In May 2023, Pegasystems Inc. announced the launch of Pega Process Mining with generative AI-ready APIs to enable continuous workflow optimization. These new process mining capabilities make it easier for Pega users of all skill levels to find and solve process inefficiencies that might be hindering their business operations.