According to a new report Global Process Mining Software Market, published by KBV research, The Global Process Mining Software Market size is expected to reach $3.5 billion by 2026, rising at a market growth of 39.9% CAGR during the forecast period.
The Large Enterprises market dominated the Global Process Mining Software Market by Enterprise Size 2019. The small and medium enterprises segment would exhibit prominent growth throughout the forecast period due to the less price and superior capabilities. The software aids in enhancing the customer experience with faster deliveries by removing useless steps. The SMEs with a low number of employees are implementing the software to fuel their decision-making capabilities. Owing to this, the demand for this software from the small and medium enterprises would surge, which as a result, will push the market growth.
The healthcare sector would obtain substantial growth throughout the forecast period. The increasing acceptance of smart and wearable medical devices is fueling the demand for the software in order to get associated insights. The software helps in enhance patients care at a low cost. Likewise, the retail sector would display promising growth during the forecast period due to its abilities to enhance customer experience. For example, by installing process mining software, Walmart decreased its customer waiting time. This would fuel the demand for the software across the industries.
The North America market dominated the Global Process Mining Software Market by Region 2019. The Asia Pacific would showcase steady development throughout the forecast period due to the severe competition in the region. With the increasing automation, economies such as China, Japan, and South Korea are displaying considerable potential for the process mining automation market in the next few years. Likewise, the Middle East & Africa, and Latin America would exhibit gradual growth during the forecast period. The rising focus of governments on digital transformation is boosting several investments in the Middle Eastern nations.
Full Report: https://www.kbvresearch.com/process-mining-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE (Signavio GmbH), Fujitsu Limited, Software AG, UiPath, Inc., Hyland Software, Inc., Kofax, Inc. (Thoma Bravo LLC), Apromore Pty. Ltd., myInvenio, ABBYY Solutions Limited, and Celonis GmbH.
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