
North America Process Mining Software Market Size, Share & Trends Analysis Report By Deployment (Cloud-based, and On-Premise), By Enterprise Type, By Component, By Industry Vertical, By Application, By Country and Growth Forecast, 2024 - 2031
Description
The North America Process Mining Software Market would witness market growth of 53.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Process Mining Software Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,161.4 million by 2031. The Canada market is experiencing a CAGR of 56.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 55.5% during (2024 - 2031).
This market has emerged as a transformative force in business process optimization, offering organizations unprecedented visibility into their operational workflows. As companies across industries strive to enhance efficiency, reduce costs, and adapt to rapidly evolving digital landscapes, process mining software has become a critical tool in their arsenal.
Process mining software finds applications across various industries and business functions, making it a versatile solution for organizations seeking operational excellence. Process mining is used to discover, validate, and enhance workflows by extracting and analyzing data from information systems such as enterprise resource planning (ERP) and customer relationship management (CRM) platforms.
The market in North America is experiencing strong growth, driven by the expansion of key industries such as international trade, retail, and energy. Canada’s ports and marine shipping industry is crucial to its economy, carrying almost $151 billion in exports and handling $194 billion in imports in 2022. The country’s 17 port authorities managed over 339 million tons of cargo, and the marine transportation sector contributed $1.95 billion to GDP, marking a 6.3% increase over 2021. Mexico’s retail industry, valued at approximately USD 76 billion, is a vital component of its economy, consisting of over 47,000 retail stores. Walmart de Mexico dominates the sector, accounting for 66.4% of all supermarket sales in 2021. Since 2019, the USA has consistently produced more energy than it consumes, with total annual energy production reaching approximately 102.83 quadrillion BTUs in 2023, surpassing consumption at 93.59 quadrillion BTUs. The increasing trade and retail activities across Canada, Mexico, and the USA demand better supply chain visibility. In conclusion, as industries in Canada, Mexico, and the USA expand, demand for these software will rise, enhancing efficiency, reducing costs, and enabling data-driven decisions.
Based on Deployment, the market is segmented into Cloud-based, and On-Premise. Based on Enterprise Type, the market is segmented into Large Enterprises, and SMEs. Based on Component, the market is segmented into Software, and Services. Based on Industry Vertical, the market is segmented into BFSI, Manufacturing, IT & Telecommunication, Healthcare, Retail, Logistics & Transportation, and Other Industry Vertical. Based on Application, the market is segmented into Business Process Improvement, Digital Transformation, Auditing & Compliance, Order Management, Customer Satisfaction, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
By Deployment
The US market dominated the North America Process Mining Software Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,161.4 million by 2031. The Canada market is experiencing a CAGR of 56.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 55.5% during (2024 - 2031).
This market has emerged as a transformative force in business process optimization, offering organizations unprecedented visibility into their operational workflows. As companies across industries strive to enhance efficiency, reduce costs, and adapt to rapidly evolving digital landscapes, process mining software has become a critical tool in their arsenal.
Process mining software finds applications across various industries and business functions, making it a versatile solution for organizations seeking operational excellence. Process mining is used to discover, validate, and enhance workflows by extracting and analyzing data from information systems such as enterprise resource planning (ERP) and customer relationship management (CRM) platforms.
The market in North America is experiencing strong growth, driven by the expansion of key industries such as international trade, retail, and energy. Canada’s ports and marine shipping industry is crucial to its economy, carrying almost $151 billion in exports and handling $194 billion in imports in 2022. The country’s 17 port authorities managed over 339 million tons of cargo, and the marine transportation sector contributed $1.95 billion to GDP, marking a 6.3% increase over 2021. Mexico’s retail industry, valued at approximately USD 76 billion, is a vital component of its economy, consisting of over 47,000 retail stores. Walmart de Mexico dominates the sector, accounting for 66.4% of all supermarket sales in 2021. Since 2019, the USA has consistently produced more energy than it consumes, with total annual energy production reaching approximately 102.83 quadrillion BTUs in 2023, surpassing consumption at 93.59 quadrillion BTUs. The increasing trade and retail activities across Canada, Mexico, and the USA demand better supply chain visibility. In conclusion, as industries in Canada, Mexico, and the USA expand, demand for these software will rise, enhancing efficiency, reducing costs, and enabling data-driven decisions.
Based on Deployment, the market is segmented into Cloud-based, and On-Premise. Based on Enterprise Type, the market is segmented into Large Enterprises, and SMEs. Based on Component, the market is segmented into Software, and Services. Based on Industry Vertical, the market is segmented into BFSI, Manufacturing, IT & Telecommunication, Healthcare, Retail, Logistics & Transportation, and Other Industry Vertical. Based on Application, the market is segmented into Business Process Improvement, Digital Transformation, Auditing & Compliance, Order Management, Customer Satisfaction, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- SAP SE (Signavio GmbH)
- Fujitsu Limited
- Software AG
- UiPath, Inc.
- Hyland Software, Inc.
- Kofax, Inc. (Thoma Bravo LLC)
- Apromore Pty. Ltd.
- IBM Corporation
- ABBYY Solutions Limited
- Celonis GmbH
By Deployment
- Cloud-based
- On-Premise
- Large Enterprises
- SMEs
- Software
- Services
- BFSI
- Manufacturing
- IT & Telecommunication
- Healthcare
- Retail
- Logistics & Transportation
- Other Industry Vertical
- Business Process Improvement
- Digital Transformation
- Auditing & Compliance
- Order Management
- Customer Satisfaction
- Other Application
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
128 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Process Mining Software Market, by Deployment
- 1.4.2 North America Process Mining Software Market, by Enterprise Type
- 1.4.3 North America Process Mining Software Market, by Component
- 1.4.4 North America Process Mining Software Market, by Industry Vertical
- 1.4.5 North America Process Mining Software Market, by Application
- 1.4.6 North America Process Mining Software Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Feb – 2022, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Process Mining Software Market by Deployment
- 5.1 North America Cloud-based Market by Region
- 5.2 North America On-Premise Market by Region
- Chapter 6. North America Process Mining Software Market by Enterprise Type
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America SMEs Market by Country
- Chapter 7. North America Process Mining Software Market by Component
- 7.1 North America Software Market by Country
- 7.2 North America Services Market by Country
- Chapter 8. North America Process Mining Software Market by Industry Vertical
- 8.1 North America BFSI Market by Country
- 8.2 North America Manufacturing Market by Country
- 8.3 North America IT & Telecommunication Market by Country
- 8.4 North America Healthcare Market by Country
- 8.5 North America Retail Market by Country
- 8.6 North America Logistics & Transportation Market by Country
- 8.7 North America Other Industry Vertical Market by Country
- Chapter 9. North America Process Mining Software Market by Application
- 9.1 North America Business Process Improvement Market by Country
- 9.2 North America Digital Transformation Market by Country
- 9.3 North America Auditing & Compliance Market by Country
- 9.4 North America Order Management Market by Country
- 9.5 North America Customer Satisfaction Market by Country
- 9.6 North America Other Application Market by Country
- Chapter 10. North America Process Mining Software Market by Country
- 10.1 US Process Mining Software Market
- 10.1.1 US Process Mining Software Market by Deployment
- 10.1.2 US Process Mining Software Market by Enterprise Type
- 10.1.3 US Process Mining Software Market by Component
- 10.1.4 US Process Mining Software Market by Industry Vertical
- 10.1.5 US Process Mining Software Market by Application
- 10.2 Canada Process Mining Software Market
- 10.2.1 Canada Process Mining Software Market by Deployment
- 10.2.2 Canada Process Mining Software Market by Enterprise Type
- 10.2.3 Canada Process Mining Software Market by Component
- 10.2.4 Canada Process Mining Software Market by Industry Vertical
- 10.2.5 Canada Process Mining Software Market by Application
- 10.3 Mexico Process Mining Software Market
- 10.3.1 Mexico Process Mining Software Market by Deployment
- 10.3.2 Mexico Process Mining Software Market by Enterprise Type
- 10.3.3 Mexico Process Mining Software Market by Component
- 10.3.4 Mexico Process Mining Software Market by Industry Vertical
- 10.3.5 Mexico Process Mining Software Market by Application
- 10.4 Rest of North America Process Mining Software Market
- 10.4.1 Rest of North America Process Mining Software Market by Deployment
- 10.4.2 Rest of North America Process Mining Software Market by Enterprise Type
- 10.4.3 Rest of North America Process Mining Software Market by Component
- 10.4.4 Rest of North America Process Mining Software Market by Industry Vertical
- 10.4.5 Rest of North America Process Mining Software Market by Application
- Chapter 11. Company Profiles
- 11.1 SAP SE (Signavio GmbH)
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Regional Analysis
- 11.1.4 Research & Development Expense
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Acquisition and Mergers:
- 11.1.6 SWOT Analysis
- 11.2 Fujitsu Limited
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expenses
- 11.2.5 SWOT Analysis
- 11.3 Software AG
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
- 11.3.5.1 Partnerships, Collaborations, and Agreements:
- 11.3.5.2 Product Launches and Product Expansions:
- 11.4 UiPath, Inc.
- 11.4.1 Company Overview
- 11.5 Hyland Software, Inc.
- 11.5.1 Company Overview
- 11.6 Kofax, Inc. (Thoma Bravo LLC)
- 11.6.1 Company Overview
- 11.7 Apromore Pty. Ltd.
- 11.7.1 Company Overview
- 11.8 IBM Corporation
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Regional & Segmental Analysis
- 11.8.4 Research & Development Expenses
- 11.8.5 Recent strategies and developments:
- 11.8.5.1 Acquisition and Mergers:
- 11.8.6 SWOT Analysis
- 11.9 ABBYY Solutions Limited
- 11.9.1 Company Overview
- 11.9.2 Recent strategies and developments:
- 11.9.2.1 Partnerships, Collaborations, and Agreements:
- 11.10. Celonis GmbH
- 11.10.1 Company Overview
- 11.10.2 Recent strategies and developments:
- 11.10.2.1 Partnerships, Collaborations, and Agreements:
- 11.10.2.2 Product Launches and Product Expansions:
- 11.10.2.3 Acquisition and Mergers:
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