The Everest Group, a global technology consultant based in Dallas, has released its annual evaluation of the process mining software market. The company, which produces a “PEAK Matrix” report for dozens of technology sectors, named Apromore, Celonis, Microsoft, mpmX, SAP Signavio, Software AG and UiPath as “Leaders” in the process mining category. Apromore and mpmX are newcomers to the Leaders section this year
Process mining has become an increasingly important part of the automation strategy for companies, enabling them to identify which processes can and should be automated, reveal bottlenecks and inefficiencies in processes and reduce operating costs. The technology has gained momentum in recent years and is being integrated into the software offerings of a growing number of intelligent automation providers.
“The technology provides a data-based approach to process optimization through numerous applications and use cases spanning industries and process areas,” the report’s authors wrote. “Process mining’s numerous benefits have spurred its adoption among enterprises, and this has led to process mining continuing to be on of the fastest growing markets in the intelligent automation space.”
The consultancy ranked 21 companies in the process mining space on two axes: “market impact” and “vision and capability.” It separates them according to their position on the matrix into “aspirants,” “major contenders” and “leaders.”
In addition to the four Leaders, process mining technology evaluated by Everest Group for the report includes solutions from: ABBYY, Appian, Cyclone Robotics, Decisions, FUTUROOT, IBM, iGrafx, inverbis, Mindzie, process.science, Proxverse, QAD, QPR, and UpFlux. While the company sells a version of the report on its website that includes a full market and trend analysis, the graph showing the relative positions of the companies included in the evaluation is publicly available.
