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Global Process Analytics Market, 2023 by Process Mining Type, Deployment Type, Organization Size, Application – ResearchAndMarkets.com

The “Process
Analytics Market by Process Mining Type (Process Discovery, Process
Conformance & Process Enhancement), Deployment Type, Organization Size,
Application (Business Process, It Process, & Customer Interaction) &
Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s
offering.

The global process analytics market size is expected to grow from USD
185.3 million in 2018 to USD 1,421.7 million by 2023, at a Compound
Annual Growth Rate (CAGR) of 50.3% during the forecast period.

The implementation of digital transformation that is driving users’
awareness for analyzing and understanding business processes, and the
advent of the algorithmic business are the major driving factors for the
process analytics market. Collaborations between process analytics and
Enterprise Resource Planning (ERP) vendors, and the rise in the
implementation of the task level automation are also driving the process
analytics market growth. However, the competition from open-source
alternatives could be a major restraining factor for the market growth.

In the process conformance subsegment, the data mining software is used
for process conformance checks, wherein the event logs are checked
against ideal processes. The process mining software converts the event
logs into a process model and checks them against ideal and pre-defined
processes. Hence, deviations between the derived business process model
and ideal processes can be diagnosed, and non-conformance can be
highlighted and visualized.

The on-premises deployment type refers to the installation of the
software in premises of an organization. The software is delivered on a
one-time license fee, along with an annual services agreement, which
includes free upgradation and installation of new functionalities. The
deployment of on-premises process analytics software requires dedicated
infrastructure and servers. Organizations that can afford managing
dedicated servers, usually deploy the on-premises software.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Process Analytics Market, By Process Mining Type

7 Market By Deployment Type

8 Process Analytics Market, By Organization Size

9 Market By Application

10 Process Analytics Market, By Region

11 Competitive Landscape

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/qfxh3f/global_process?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180620005847/en/