Press Release

Global Process Mining Software Market to Grow at a CAGR of 40.2% During 2024-2032, Aided by Rising Need to Strengthen Audit and Compliance Processes Across Organisations

Global Process Mining Software Market

According to a new report by EMR titled, ‘Global Process Mining Software Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 1,200.11 million in 2023. The market is estimated to grow at a CAGR of 40.2% between 2024 and 2032 to reach around USD 25,116.20 million by 2032.

As businesses strive for digital agility and awareness, they are adopting technologies and software solutions to enhance business operations and gain efficiencies across multiple processes. Process mining solutions fuse process analytics and data mining to help organisations extract granular data from their systems of record. These solutions provide insight into work performance, bottlenecks and inefficiencies, and process optimisation. By leveraging process mining, companies can identify opportunities to automate routine tasks, streamline workflows, and improve compliance.


The increasing need for organisations to enhance process auditing and compliance is aiding the process mining software market growth. The adoption of cloud solutions, digital transformation efforts, and greater awareness of business process analysis are also propelling demand for process mining software and related services. By visualising organisational processes through process mining software, management teams gain the insight needed to make informed decisions about current workflows and implement optimised business strategies.


Process mining also helps enterprises identify opportunities to automate routines and increase efficiency. Integration of emerging technologies such as machine learning and artificial intelligence within process mining solutions is poised to significantly expand opportunities for process mining software vendors in the forecast period.


In December 2023, International Business Machines Corporation (NYSE: IBM), released version 1.14.3 of its IBM Process Mining software, delivering enhanced capabilities that provide more intuitive and actionable insights. This update focuses on usability and performance to better meet the evolving needs of business leaders. By uploading process data, IBM Process Mining automatically performs a comprehensive analysis that identifies issues, suggests solutions, and predicts potential benefits. Insights are clearly communicated in natural language for easy understanding. This streamlined approach effortlessly transforms data into strategic guidance.


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Market Breakup by Component, Deployment Mode, Application, Industry Vertical, and Region:

  • On the basis of the component, the market is bifurcated into software and services.
  • The market is segmented based on deployment mode into on-premise and cloud.
  • On the basis of the application, the market is classified into strategic sourcing, contract management, category management, transactional procurement, and supplier management.
  • The market is segmented based on industry vertical into manufacturing, healthcare, banking, financial services and insurance, consumer goods and services, telecommunications and IT, and logistics and transportation, among others.
  • By region, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Key Findings of the Report:

  • The need to strengthen audit and compliance processes across organisations is growing, driving demand for process mining software. The adoption of cloud solutions and services is also rising along with digital transformation initiatives. Additionally, organisations' awareness of business process understanding and analytics is expanding, contributing to the process mining software market expansion.
  • Companies across multiple sectors are leveraging technologies to decrease capital expenditures and boost output. Robotic process automation helps organisations enhance productivity and performance by automating repetitive and rule-based processes. An increasing number of businesses are now combining robotic process automation with process mining solutions to maximise the benefits of both approaches.


Global Spending on Digital Transformation 2018-2023


  • The market share is dominated by North America. Several factors have driven the growth of this regional market, including increased digital transformation efforts and the adoption of process mining solutions across key verticals such as manufacturing, financial services, and government organisations. Additionally, the presence of major industry players in the region has created substantial opportunities for further market expansion. With ongoing technological advancements and a growing understanding of process mining's value among end users, the North American market is expected to continue flourishing.


Key Offerings of the Report:

  • The EMR report gives an overview of the global process mining software market for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for the components, deployment modes, applications, industry verticals, and major regions of process mining software.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.


The major players in the global process mining software market are IBM Corporation, ABBYY Solutions Ltd, Celonis SE, Fluxicon BV, Hyland Software, Inc., Microsoft Corporation, QPR Software Plc, Soroco, UiPath Inc., and Fujitsu Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.


Key Highlights of the Report

Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Mode
  • Application
  • Industry Vertical
  • Region
Breakup by Component
  • Software
  • Services
Breakup by Deployment Mode
  • On-Premise
  • Cloud
Breakup by Application
  • Strategic Sourcing
  • Contract Management
  • Category Management
  • Transactional Procurement
  • Supplier Management
Breakup by Industry Vertical
  • Manufacturing
  • Healthcare
  • Banking, Financial Services and Insurance
  • Consumer Goods and Services
  • Telecommunications and IT
  • Logistics and Transportation
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corporation
  • ABBYY Solutions Ltd
  • Celonis SE
  • Fluxicon BV
  • Hyland Software, Inc.
  • Microsoft Corporation
  • QPR Software Plc
  • Soroco
  • UiPath Inc.
  • Fujitsu Limited
  • Others


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.


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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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