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Major players operating in the process mining industry are:
Celonis and SAP Signavio dominate the market. Leading players in the market compete for market share by investing in advanced technologies and strategic collaborations. They focus on enhancing user experience, expanding global presence, and offering diverse solutions, thus fostering intense competition & innovation in the industry.
The cloud segment held around 40% market share in 2022 and is projected to grow by 2032 owing to scalability of cloud process mining solutions.
The process mining industry was valued at USD 1,034.8 million in 2022 and is estimated to register over 40% CAGR between 2023 and 2032, owing to investments from various sources including venture capital firms and established technology companies.
ABBYY, Celonis, IBM Corporation, Microsoft Corporation, SAP Signavio, Software AG, UiPath, Mehrwerk, Apromore, and Kofax.
North America process mining market share was over 35% in 2022 and is expected to grow through 2032 owing to the enterprise digital transformation initiatives across the region.