Asia Pacific Process Mining Software Market By Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Sized Enterprises), By End User (BFSI, IT & Telecom, Manufacturing, Retail, Logistics & Transportation, Healthcare and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Process Mining Software Market would witness market growth of 42.2% CAGR during the forecast period (2020-2026). In developing countries, organizations still employ the conventional process method that is built on sticky notes & interviews. Moreover, the dearth of budgets to employ emerging technologies in a company to improve the process or work-flow would hinder the process mining software market in developing countries.
Using Process mining software, companies become capable to easily capture information from company transaction systems and offers in-depth – and data-driven – information about how main processes are conducted. Once the work is done, it creates event logs: an order is collected, a product is delivered, and payment is done. The logs allow visibility into how computer-mediated work is actually occurring, including who completed it, how long did it take, and how much it departed from normal. Process analytics develop essential performance indicators for the process, which allows a company to aim for the priority steps to enhance. Using AI algorithms, it becomes possible to identify the root causes of variation – for example, they might show that each time a new customer requires a credit check, the process is declined substantially.
Process mining technology can point out exactly where there are possibilities to modify or enhance processes by taking the help of key process performance indicators (KPPIs). By conducting root cause analysis on operational system data, it also shows why things could have shown the abnormality from a traditional process. KPPIs can be attached to key performance indicators (KPIs) of a company for in-depth measurement, comprehensive analysis, enhancement specification, and sustainability monitoring all in one environment.
The China market dominated the Asia Pacific Manufacturing Process Mining Software Market by Country 2019, growing at a CAGR of 38.3 % during the forecast period. The Japan market is experiencing a CAGR of 40.1% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 41.7% during (2020 - 2026).
The On-premise market dominated the Malaysia Process Mining Software Market by Type 2019, thereby, achieving a market value of $39.3 million by 2026. The Cloud market is showcasing a CAGR of 49.5% during (2020 - 2026).
Based on Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on End User, the market is segmented into BFSI, IT & Telecom, Manufacturing, Retail, Logistics & Transportation, Healthcare and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE (Signavio GmbH), Fujitsu Limited, Software AG, UiPath, Inc., Hyland Software, Inc., Kofax, Inc. (Thoma Bravo LLC), Apromore Pty. Ltd., myInvenio, ABBYY Solutions Limited, and Celonis GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
- Large Enterprises
- Small & Medium Sized Enterprises
By End User
- IT & Telecom
- Logistics & Transportation
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- SAP SE (Signavio GmbH)
- Fujitsu Limited
- Software AG
- UiPath, Inc.
- Hyland Software, Inc.
- Kofax, Inc. (Thoma Bravo LLC)
- Apromore Pty. Ltd.
- ABBYY Solutions Limited
- Celonis GmbH
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