According to a new report, published by KBV research, The Global Process Mining Software Market size is expected to reach $32.07 billion by 2031, rising at a market growth of 54.5% CAGR during the forecast period.
The focus on regulatory compliance also drives trends, as organizations use process mining to maintain transparency and meet standards like GDPR. This is particularly pronounced in Europe, where stringent regulations shape market dynamics. Additionally, industry-specific solutions are emerging, tailoring process mining to unique sectoral needs—think healthcare’s patient flow optimization or logistics’ supply chain resilience.
The Cloud-based segment is exhibiting a CAGR of 53.9% during the forecast period. The growing demand for scalability, flexibility, and cost-effectiveness drives this. Businesses increasingly shift towards cloud-based process mining solutions as they enable real-time data processing, seamless integrations with other enterprise applications, and reduced infrastructure costs. Cloud deployment also facilitates remote access, making it a preferred choice for companies embracing digital transformation and hybrid work models.
The Large Enterprises segment captured the maximum revenue in the Global Process Mining Software Market by Enterprise Type in 2023, thereby, achieving a market value of $20.44 billion by 2031. The need for advanced process optimization, automation, and compliance management drives this. Large organizations, particularly in BFSI, healthcare, manufacturing, and telecommunications sectors, heavily invest in process mining solutions to streamline complex workflows, enhance operational efficiency, and gain deeper insights into business processes.
The Software segment is experiencing a CAGR of 54% during the forecast period. Businesses across BFSI, healthcare, manufacturing, and retail industries are integrating process mining software to enhance operational efficiency, reduce bottlenecks, and gain data-driven insights. The rise of cloud-based process mining solutions has further accelerated adoption, enabling organizations to deploy scalable and cost-effective analytics tools.
The BFSI segment led the maximum revenue in the Global Process Mining Software Market by Industry Vertical in 2023, thereby, achieving a market value of $6.82 billion by 2031. Financial institutions increasingly adopt process mining software to streamline transaction processes, enhance fraud detection, improve customer onboarding, and ensure regulatory compliance. With stringent regulatory frameworks in place, BFSI companies rely on process mining to optimize risk management, monitor operational workflows, and enhance service delivery.
The Business Process Improvement segment is growing at a CAGR of 53% during the forecast period. This is driven by the increasing need for organizations to optimize workflows, eliminate inefficiencies, and enhance operational performance. Process mining solutions enable companies to analyze real-time data, detect bottlenecks, and streamline end-to-end business processes. Industries such as manufacturing, healthcare, and finance leverage process mining tools for continuous improvement, automation, and cost reduction.
Full Report: https://www.kbvresearch.com/process-mining-software-market/
The Europe region dominated the Global Process Mining Software Market by Region in 2023, thereby, achieving a market value of $14.24 billion by 2031. The North region is anticipated to grow a CAGR of 53.5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 55.6% during (2024 - 2031).
By Deployment
By Enterprise Type
By Component
By Industry Vertical
By Application
Unique Offerings 
