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DUBLIN--(BUSINESS WIRE)--The "Process Mining Software Market Size, Share & Trends Analysis Report by Component (Software, Services), by Deployment, by Application, by Industry Vertical, by Region, and Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global process mining software market size is estimated to reach over USD 7.95 billion by 2028 and is expected to expand at a CAGR of 50.1% from 2021 to 2028

The increasing awareness about the need to understand and analyze business processes driven by digital transformation is one of the key factors driving market growth. Additionally, the constant increase in data volumes across industries is driving the demand for process mining software and services.

Restrictions imposed on global imports and exports amid the COVID-19 pandemic hampered the operations of industries such as transportation, logistics, and manufacturing. The resultant shortage of resources encouraged businesses to seek new opportunities for cloud-based solutions and adopt automation technologies.

Process mining software combines Business Intelligence (BI), analytics, automation, critical change agents, and Artificial Intelligence (AI) functions to help enterprises bridge the gap in siloed data scattered across various business processes. Process mining also assists organizations in discovering and fixing the inadequacies impeding the performance of business processes.

The market has also benefitted from the high volumes of data and the growing need to generate insights from data distributed across enterprises. Businesses are in desperate need of tools that can enable efficient data processing and data mapping. This, in turn, is boosting the demand for process mining software solutions that offer features such as automated process mapping and fact-based insights.

Process Mining Software Market Report Highlights

Market Variables, Trends & Scope

Market Driver Analysis

Market Restraint/Challenge Analysis

Market Opportunity Analysis

Market Lineage Outlook

Penetration & Growth Prospect Mapping

Porter's Five Forces Analysis

Pest Analysis

COVID-19 Impact on Process Mining Software Market

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/bs2vnb

Originally posted here:

Global Process Mining Software Market Analysis Report 2021-2028: Increasing Investments in Digital Optimization & Transformation and Integration...