Process analytics market share forecast to witness considerable growth from 2019-2025 - PowerPoint PPT Presentation

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Process analytics market share forecast to witness considerable growth from 2019-2025

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Some of the other major players operating in the process analytics market are Celonis, CA Technologies (Broadcom Inc.), Cognitive Technologies, Fluxicon BV, Fujitsu – PowerPoint PPT presentation

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Title: Process analytics market share forecast to witness considerable growth from 2019-2025


1
Process Analytics market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Process Analytics market
  • Europe process analytics market is expected to
    show a significant CAGR over the forecast
    timeline due to the widespread adoption of
    innovative and advanced process analytics
    solutions among a large number of organizations
    across various verticals operating in the region.
    The presence of countries including the
    Netherlands and Germany is anticipated to
    contribute to the market growth due to the
    presence of numerous startups and their
    persistent strategic alliances such as mergers,
    acquisitions, and collaborations. Additionally,
    the other countries in the region are rapidly
    embracing process analytics software into their
    existing analytics portfolio to receive fast and
    accurate actionable insights to edge out other
    analytics-driven competitors.
  • Process Analytics Market size is estimated to
    grow at a significant CAGR from 2019 to 2025 due
    to growing need to identify gaps and enhance the
    business process for better results. The process
    analytics software offers process intelligence
    and optimization to several enterprises to
    improve business performance. Additionally, the
    software offers intelligence and visibility into
    the business process and activities of
    organizations. The growing need to visualize
    business process flows and real-time monitoring
    alerting of organizations related to the business
    process is driving the market growth.

3
Continue
  • North America is estimated to hold a significant
    market share over the forecast timeline due to
    the presence of several prominent process
    analytics market players across various
    verticals. The enterprises present in the region
    are rapidly adopting process analytics software
    to improve their business processes and enhance
    their business decisions. Government
    organizations and commercial entities are
    increasingly adopting process analytics solutions
    over the traditional business process management
    to enhance their decision-making process.
  • The advent of advanced technologies, such as
    blockchain, AI, machine learning, and deep
    learning, is anticipated to integrate into the
    business process to improve decision making in
    organizations. The prominent process analytics
    market players are investing heftily in research
    development activities to deploy these advanced
    technologies to process analytics software to
    improve the decision-making results for client
    organizations. The AI is expected to be the key
    technology for optimizing the business process
    flow. For instance, in July 2019, Vodafone Group
    PLC deployed advanced technologies including
    data-visualization tools and artificial
    intelligence to enhance its global procurement
    process fast and cost-effectively. The
    organization will improve its tracking and
    monitoring of procurement activities carried out
    across all operating regions.

4

Browse Full Research Report On Process Analytics
market _at_ https//bit.ly/2JZiqzd Request for
an in-depth table of contents for this report _at_
https//www.gminsights.com/request-toc/upcoming/4
135 .com/request-toc/upcoming/1797
5
Continue
  • Process analytics solution providers are focusing
    on strategic alliances with other market players
    to improve their offerings and expand their
    geographical presence. For instance, in September
    2018, Blue Prism partnered with Celonis to
    accelerate its digital transformation by
    automating mission-critical business processes
    while providing them with analytical insights to
    drive operational efficiencies, develop better
    customer experiences, increase productivity, and
    deliver new services. Additionally, in September
    2018, Automation Anywhere partnered with Celonis
    to enable its client organizations to streamline
    and automate processes, ensuring they operate at
    maximum efficiency.
  • Some of the other major players operating in the
    process analytics market are Celonis, CA
    Technologies (Broadcom Inc.), Cognitive
    Technologies, Fluxicon BV, Fujitsu Ltd., Icaro
    Tech, Kofax Inc., Lana Labs GmbH, Monkey Mining,
    QPR Software Plc, Software AG, and Worksoft, Inc.

6
Methodology
  • Market
    research reports Key analytical components

7
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