Process Mining Software Market Size, Share, Growth Analysis, By Component(Software, Services), By Deployment(On-premise, Cloud), By Application(Strategic Sourcing, Contract Management, Category Management, Transactional Procurement), By Industry Verticals(Manufacturing, Healthcare, BFSI, Consumer Goods & Services), By Region - Industry Forecast 2024-2031

Process Mining Software Market size was valued at USD 373.9 million in 2019 and is poised to grow from USD 557.11 million in 2023 to USD 13534.18 Million by 2031, growing at a CAGR of 49% in the forecast period (2024-2031).

The existence of several international players defines the market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. Additionally, software and service providers are spending a lot of money on research and development in order to incorporate the newest technology into their offerings and create advanced solutions that will give them a competitive edge in the market.. In our process mining software market reports, some of the leading process mining software companies are as follows: ABBYY Solutions Limited (US), Celonis GmbH (US), Fluxicon BV (Netherlands), Hyland Software, Inc. (US), Minit (US), MyInvenio, an IBM Company (Italy), QPR Software Plc (Finland), Signavio (Germany), Software AG (Germany), UiPath, Inc. (US). 'Celonis GmbH', 'Fluxicon BV', ' UiPath   ', ' Minit   ', ' QPR Software   ', ' myInvenio   ', ' Software AG   ', ' Signavio   ', ' ProcessGold   ', ' Icaro Tech   ', ' Lana Labs   ', ' TimelinePI   ', ' Kofax   ', ' Process Analytics Factory   ', ' Worksoft   ', ' PAFnow   ', ' SNP Group   ', ' Fujitsu   ', ' Cognitive Technology ', 'Everflow.AI'

The market for process mining software has undergone significant growth over the past few decades, fuelled by factors including the increasing installation of technology-based applications and the combination of RPA and processing mining applications. 

User experience and accessibility are receiving more attention: Many process mining software providers are putting more of an emphasis on making their products easier to use and providing a positive user experience.

In 2021, Europe had the highest share geographically. The region has the highest acceptance rates for digital and automation tools and services. It is also one of the first to adopt advanced technology. Many industries are making the move to digital technology with the aid of automation. These sectors are constantly searching for novel solutions that will enable them to boost productivity while reducing investment expenses.