Process Mining Software Market Posts 60-70% YoY Growth in 2020, Will Triple by 2022—Everest Group
Summary
Everest Group reports that the client base for process mining is rapidly expanding, driving revenue growth in the market. These findings are discussed in more detail in Everest Group’s recently published report “Enabling Data-based Process DNA Analysis: Process Mining State of the Market Report 2021.” The report includes a detailed view of the current state of the market and analyzes it across various dimensions, including market size and adoption trends, buyer satisfaction, product capabilities and trends, solution characteristics, vendor landscape, challenges to process mining adoption, and the outlook for 2021-22. • Continental Europe holds the lion’s share of the market (48%) while North America accounted for the highest growth rate (90-95%). • Manufacturing; banking, financial services, and insurance (BFSI); and the healthcare industries are among the leading adopters of process mining solutions, accounting for more than 50% of the market share. Clients use our services to guide their journeys to achieve heightened operational and financial performance, accelerated value delivery, and high-impact business outcomes.