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, Microsoft, SAP Signavio, Software AG and UiPath as “Leaders” in the process mining category. SAP Signavio is the only newcomer to the Leader category this year and Microsoft takes the place occupied by Minit, which it acquired in March.
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.
“Process mining plays a crucial role in driving operational excellence and facilitating enterprises’ digital transformation initiatives by employing a data-driven approach to continuously discover, monitor, and optimize existing processes,” the report’s authors wrote. “The process mining market is gaining strong momentum globally and finding diverse applications across business functions and industries.”
The consultancy ranked 18 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, Cyclone Robotics, Datricks, FUTUROOT, IBM, Mindzie, mpmX, process.science, QAD, QPR Software, 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.