Process Mining Market is expected to grow at a CAGR of 42.34% through 2030F
The
Global Process Mining Market is to be led by the IT & ITES segment due to
its high demand for process optimization, compliance, and efficiency in
managing complex, large-scale operations, during the forecast period 2026-2030F
According to TechSci Research report, “Process Mining Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global Process Mining Market was valued at USD 2.31 Billion in 2024 and is
expected to reach USD 19.21 Billion by 2030 with a CAGR of 42.34% through 2030.
Global enterprises are under increasing pressure to
improve efficiency and reduce operational costs. Intense competition, supply
chain disruptions, and inflationary pressures have forced businesses to
optimize their workflows to maintain profitability. Process mining plays a
vital role in this pursuit by uncovering hidden inefficiencies and providing
actionable insights for process improvement. By analyzing end-to-end
operations, organizations can identify bottlenecks, delays, and wasteful steps,
enabling them to streamline operations and save costs. This has become
particularly critical in sectors like manufacturing and logistics, where small
inefficiencies can escalate into significant financial burdens.
The ability of process mining to deliver data-backed
recommendations provides organizations with the clarity needed to implement
cost-saving measures without compromising quality or compliance. For instance,
businesses can use process mining to optimize procurement cycles, reduce
order-to-cash timelines, and improve resource utilization. In a global
environment where cost competitiveness is vital, enterprises increasingly turn
to process mining as a strategic lever for operational excellence. This growing
demand for efficiency and profitability ensures that process mining remains at
the forefront of digital decision-making strategies across industries. The
World Bank reported in 2024 that global supply chain inefficiencies cost
businesses approximately 1.9 trillion United States dollars annually. This
staggering figure reflects how inefficiencies drain resources, making process
mining a critical tool for cost optimization and operational efficiency across
industries.
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In
2024, the IT & ITES segment emerged as the fastest-growing end use segment
in the global process mining market, driven by the industry’s growing focus on
operational efficiency, compliance, and service optimization. The IT & ITES
sector is highly dynamic and process-intensive, handling large volumes of data
and complex workflows on a daily basis. This makes process mining an essential
tool for identifying inefficiencies, uncovering bottlenecks, and enabling
continuous process improvement. Companies within this segment increasingly
deployed process mining solutions to enhance delivery timelines, reduce costs,
and ensure seamless coordination across their global operations.
The
rise of digital transformation initiatives and the integration of artificial
intelligence and automation tools further fueled adoption in IT & ITES
enterprises. With clients demanding transparency, faster delivery, and higher
quality services, organizations turned to process mining to provide data-driven
insights and improve service-level performance. Additionally, compliance with
international data regulations and adherence to client contracts necessitated
advanced monitoring, an area where process mining plays a crucial role. As IT
& ITES companies continue to expand in scale and complexity, the reliance
on process mining solutions is expected to accelerate, reinforcing its position
as the fastest-growing end use segment.
In
2024, the Asia Pacific region emerged as the fastest-growing market in the
global process mining market, fueled by rapid digital transformation
initiatives and strong adoption of automation technologies. Enterprises across
industries, including banking, healthcare, manufacturing, and
telecommunications, increasingly embraced process mining to streamline
workflows, improve compliance, and optimize operational performance.
Governments in countries such as China, India, and Japan promoted
digitalization programs, further encouraging adoption of advanced process
intelligence solutions. Additionally, the region’s expanding base of small and
medium enterprises contributed significantly by investing in cloud-based and
cost-effective process mining platforms. With rising focus on efficiency and
competitiveness, Asia Pacific is positioned to remain a key growth driver in
the coming years.
Key
market players in the Process Mining Market are: -
- Celonis
SE
- IBM
Corporation
- Software
AG
- UiPath,
Inc.
- ABBYY
Solutions Ltd.
- SAP
SE
- Kofax,
Inc.
- Pegasystems
Inc.
- QPR
Software Plc
- Fluxicon
BV
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“The
global process mining market will witness robust growth in the future, driven
by rising digital transformation, automation adoption, and the integration of
artificial intelligence with process intelligence platforms. Organizations
across industries are increasingly relying on process mining to gain real-time
insights, ensure compliance, and optimize operations. The market will further
expand as enterprises shift toward cloud-based deployments, making solutions
more scalable and cost-effective. Growing demand for hyperautomation and
advanced analytics will accelerate adoption. With strong investments in
innovation, partnerships, and domain-specific applications, process mining will
evolve as a core enabler of enterprise efficiency and competitive advantage
globally.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Process Mining Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Offering (Software, Services), By Mining Algorithm (Discovery Algorithms,
Conformance Checking Algorithms, Enhancement & Extension Algorithms, Clustering
& Classification Algorithms, Sequence Analysis Algorithms, Deep Learning
Algorithms, Temporal Process Mining Algorithms, Others), By End Use (BFSI,
Government, Retail, IT & ITES, Healthcare & Life Sciences,
Transportation & Logistics, Energy & Utilities, Others), By Region, By
Competition, 2020-2030F” has
evaluated the future growth potential of Process Mining Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Process Mining Market.
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