The process mining technology includes a dynamic set of tools to capture data across an organization’s enterprise IT systems and varied data sources, transform it into the event logs, and provide dynamic visualization of the organization’s “as is” business processes. The software uses the event logs to automatically create a detailed process graph providing detailed, fact-based insights about the processes. These insights enable the organizations to perform process audits, discover process deviations, identify root causes, optimize operations, and monitor the results against various KPIs.
The process mining market is currently growing at a rapid pace and is being considered amongst the essential technology for operational excellence, business process management, and continuous improvement projects. The process mining market is currently transitioning from early adoption to the rapid growth stage of the overall product lifecycle. While the process mining is around for several years, the advanced solution powered by dynamic visualization, advanced analytics, AI, and machine learning is increasingly gaining market traction across industry verticals and across various geographical regions.
The global Process Mining market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market in various geographical regions. This research provides strategic information for technology vendors to better understand the market supporting their growth strategies and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
Quadrant Knowledge Solutions Process Mining market research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading vendors with a global impact. The positioning is based on the vendors’ performance in various performance parameters on the categories of Technology Excellence and Customer Impact. The Process Mining SPARK Matrix includes analysis of the leading vendors, including ABBYY, Apromore, BusinessOptix, Celonis, Lana Labs, Logpickr, Minit, MPM ProcessMining, myInvenio, PAFnow, QPR Software, Signavio, Software AG, StereoLOGIC, and UiPath.
2020 Process Mining SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
Executive Overview
- Key Research Findings
Market Overview and Technology Trends
Factors Influencing Technology Development and Market Growth
Market Adoption Trends
Regional Trends and Forecasts
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Process Mining Market
Vendor Profiles
Research Methodologies
Process Mining research is a part of Quadrant’s Data, Analytics, and AI practice.
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