The global process mining software market is anticipated to grow at a CAGR of 40.9% during the forecast period (2022-2028). Key companies operating in the industry is highly inclined toward the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace which boosts the global process mining software market during the forecast period. For instance, in February 2021, Celonis signed a partnership with Protiviti, a global consulting firm. Under this collaboration, the companies deliver Controls Excellence Process Mining App. Protiviti presented its Controls Excellence App based on the Celonis Execution Management System platform. This app utilizes machine learning, advanced analytics, and data visualization to assist business leaders to recognize control failures in real-time, pinpoint the main reason for the failure, and make data-driven decisions to improve process effectiveness and efficiency.
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Furthermore, in July 2020, Fujitsu launched the AI technology that specifically captures important features, which include the distribution and probability of high-dimensional data to improve the precision of AI detection and judgment. Fujitsu integrated deep learning technology with its expertise in image compression technology, to create an AI technology that enhances the processing of high-dimensional data with extensive learning technology, and precisely takes out data features.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Process Mining Software Market Report by Segment
By Deployment Type
- Cloud
- On-Premises
By Application
- Strategic Sourcing
- Contract Management
- Category Management
- Transactional Procurement
- Supplier Management
By End-User
- BFSI
- Healthcare
- Retail
- Manufacturing
- IT & Telecommunications
- Logistics & Transportation
- Others (Energy & Utilities)
Global Process Mining Software Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global process mining software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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