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 Celonis, Software AG, Minit (acquired in March by Microsoft) and UiPath as “Leaders”—the same four companies that topped the analysis last 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 consultancy ranked 19 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, Apromore, Datricks, Everflow, IBM, iGrafx, Livejourney, Mavim, Mindzie, MPM ProcessMining, process.science, QPR Software, SAP Signavio 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.