Process Analytics Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


#11158

Persistence Market Research

$ 4900

Overview:-

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. Process analytics evaluates current undergoing process instances. Process analytics predicts the behavior of process instances in the future. Process analytics discovers meaningful patterns in process execution data. Process analytics provide visibility into the complex business process. Process analytics helps in correlating data across various data sources and also rapidly onboard new data sources as the underlying process changes. Process analytics contributes in analyzing the data in real time.

Process Analytics market: Drivers and Challenges

Process analytics are implemented in the end to end process of the organizations to identify the gaps and enhance the process for better results. Process analytics are deployed either by on-premise or through the cloud. Process analytics used through cloud reduces the hardware purchase cost and maintenance cost. Process analytics, when deployed by cloud, helps the small and medium enterprises to concentrate on R & D activities.

Data privacy and security is the primary challenges for process analytics market. When deployed by cloud bandwidth limitation is one the challenge for process analytics. Complex system structure, lack of integration with legacy systems are also the challenges for process analytics market.

Process Analytics market can be segmented as follows:

On the basis of Types

  • Software
  • Service

On the basis of Deployment Models

  • On-premises
  • On-demand

On the basis of Industry Verticals

  • BFSI
  • Telecommunications and IT
  • Retail and e-commerce
  • Government and defense
  • Healthcare
  • Manufacturing
  • Energy and utilities
  • Construction and engineering
  • Others(Education, research, travel and hospitality, and outsourcing services)

Process analytics market: Regional Outlook

On the basis of regions, Process analytics market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

North America and Western Europe Process analytics market is predominantly mature as compared to the other regional market as they are fast in the adoption of technology. Process analytics market in Asia Pacific excluding Japan and Japan are expected to possess maximum potential in the forecast period. Process analytics market in Latin America and Middle East and Africa are also projected to witness positive growth during the forecast period.

Process analytics market: competition landscape

Key Vendors for process analytics market include, Microsoft Corporation, Oracle Corporation, SAP SE, Splunk Inc, Verint Systems Inc, SAS Institute, Tableau Software Inc, Alpine Data Labs, MicroStrategy Incorporated, IBM Corporation

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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