Process Analytics Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Deployment (On-Premise, Cloud), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Industry (Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Energy and Utilities) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105875 | Status : Ongoing

KEY MARKET INSIGHTS

Process analytics is a specialized branch of business intelligence that assists organizations to monitor business performance. It helps organizations to connect multiple recordings of the same business entity such as customer interaction, business process, and information technology process. It is also used to gain real-time and end-to-end visibility of the business process. It provides visibility to complex business problems.

Process analytics assist users in correlating data across various data sources and boarding new data sources. Advancement in process analytics with emerging technologies is likely to drive the growth of the process analytics market. The outbreak of COVID-19 helped in boosting the process analytics market, owing to the rapid adoption of advanced analytics solutions, artificial intelligence (AI), and machine learning technologies to monitor COVID 19 spread across the globe.

Key Market Driver -

• Increasing implementation of task level automation system, is likely to drift the demand for solutions. • Adoption of cloud, AI, and business analytics tools are also expected to drive the growth of the market. • Investment from leading vendor and enterprises is anticipated for the major growth of market.

Key Market Restraint -

• Increasing competition from open sources is expected to hinder the growth of the market. • Lack of expertise in operating the process analytics techniques are expected to restrict the market growth.

Key Players Covered:

Major companies operating in the market are IBM Corporation, Oracle Corporation, MicroStrategy Incorporated, Alpine Data Labs, Tableau Software Inc. SAS Institute, Splunk Inc. SAP SE, Microsoft Corporation, Verint Systems Inc., Fujitsu, CA Technologies, Kofax, Process Mining Group, Software AG, Process Gold, Cognitive, Scheer and Process Analytics Factory.

Players operating in the market are enhancing their growth by investing in various business strategies such as product launch, partnerships, mergers, and advanced up-gradation. For instance, in October 2020, Process Analytics Factory launched an advanced program based on PAF now process mining solution. The program helps organizations in accelerating their digitization of projects.

Regional Analysis:

North America is expected to hold the largest market share among all the regions. The growth in the region is owing to the initial adoption of advanced process analytics technology across enterprises. Key players across the countries such as US and Canada, are offerings solutions based on core technologies such as the cloud, for fast and efficient operations. Process analytics is helping enterprises across the region in becoming more technologically effective.

Europe is having significant growth in the market, owing to the rising demand for analytic solutions and services across healthcare and manufacturing sectors. Furthermore, the region is amongst the largest contributor of process analytics revenue, owing to the presence of major players in countries such as Germany, UK, France and other. The Asia Pacific is expected to grow with the highest growth rate, as the government and manufacturing commercial enterprises are increasingly investing to adopt process analytics solutions.

Further, the Middle East and Africa is also having rapid growth as the region is witnessing high demand for analytics solutions such as process analytics, web analytics, and location analytics. Process analytics is considered one of the foremost segments in the field of market research.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTE	DETAILS
By Component	Solutions Services
By Deployment	On-Premise Cloud
By Organization Size	Large Enterprises Small and Medium Enterprises
By Industry	Banking, Financial Services and Insurance (BFSI) Healthcare Manufacturing Energy and Utilities Transportation Government and Defense Others (Media and Entertainment, etc.)
By Region	North America (United States, Canada, and Mexico) South America (Brazil, Argentina, and Rest of South America) Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe) Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa) Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

Key Industry Developments

March 2021 – Lana Labs GmbH launched process mining version 4.9.0, enabled with enhanced comprehensibility, performace and stability of the software.

February 2019 – ProcessGold and Every angle launched “Every Angle Process Mining” that helps businesses to know what how their business is currently running, including inefficiencies and hidden path

May 2019 – ABBY acquire TimelinePI. Timeline PI offers a wide range of process intelligence platforms enhance business procedure

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Information & Technology Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]