The global process mining software market is anticipated to grow at a CAGR of 40.9% during the forecast period. 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.
Additionally, in August 2019, ABBYY acquired TimelinePI, a developer of cloud-based business process management solutions. Through this acquisition, ABBYY’s deep understanding of enterprise content in all its forms integrated with the necessary process context presented by the TimelinePI technology allows users to get a level of digital intelligence earlier unavailable
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)
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Process Mining Software Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Apromore Pty Ltd
- Exeura
- Fujitsu Ltd.
- Hyland Software, Inc.
- Icaro Tech.
- Kofax Inc.
- Livejourney
- Minit j. s. a.
- QPR Software Plc
- SAP SE
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