The Process Analytics Market to Grow steadily at a CAGR of +50% during the forecast period.
Process analytics is the combination of tools and methods implemented to process instances, data, and models to support decision-making in organizations. In modern days process data is stored across systems, applications, and services in the enterprises. Process analytics analyzes the completed processes and their model’s behavior. The major growth factors for the market include the implementation of digital transformation that is driving users’ awareness for analyzing and understanding business processes, and the advent of the algorithmic business. Moreover, collaborations between process analytics and Enterprise Resource Planning (ERP) vendors, and the rise in the implementation of task level automation are expected to drive the market growth.
A comprehensive analysis of the Global Process Analytics Market has been conducted in this intelligence report. It includes the investigations carried out on the historical progressions, ongoing market scenarios, and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market has been mentioned. This report presents a comprehensive overview of the competitive scenario of the global market.
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Companies Profiled in this report includes, Microsoft Corporation, Oracle Corporation, SAP SE, Splunk Inc, Verint Systems Inc, SAS Institute, Tableau Software Inc, Alpine Data Labs, MicroStrategy Incorporated, IBM Corporation.
In the process mining type segment, the process discovery subsegment is expected to account for the largest market share. In the process discovery subsegment, the process data from logs are extracted, cleaned, and formatted for analysis. The data mining software, along with Artificial Intelligence (AI) and machine learning algorithms are used to mine the extracted and cleaned data to create data-driven process models. Moreover, in the process mining type segment, the process conformance subsegment is expected to show the highest growth rate. In the process conformance subsegment, the data mining software is used for process conformance checks, wherein the event logs are checked against ideal processes.
Detailed market data about these factors is estimated to help vendors take strategic decisions that can strengthen their positions in the market and lead to more effective and larger stake in the global Process Analytics market. Pricing and cost teardown analysis for products and service offerings of key players has also been undertaken for the study.
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The research publication presents an objective and comprehensive overview of the global Process Analytics market for the period, emphasizing on the definition, industry chain structure, application, classification, policy evaluation, industry overview, and news analysis of the global market. The overall global demand for the market over the report’s forecast period forms the main focus of the report. Divided into a number of concise and in-depth chapters, the research study is supported with the help of a list of figures and tables that give clients a quantitative assessment of the global market.
Furthermore, far-reaching investments are being made in the R&D sector to facilitate product developments and enhancements. With the arrival of new technologies on a regular basis, players are endeavoring hard to integrate the latest technology to gain a competitive edge over the rest. After studying the key players, the report concentrates on the startups impacting the growth of the market. Possible mergers and acquisitions among the startups and key establishments are identified by the report’s analysts in the study. Most enterprises in the Process Analytics market are presently engaged in adopting new technologies, approaches, product expansions, developments, and long-term contracts to maintain their supremacy in the global market.
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Table of Contents
Global Process Analytics Market Research Report 2018
Chapter 1 Global Process Analytics Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
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