Global Process Analytics Industry

Global Process Analytics Industry

  • September 2020 •
  • 226 pages •
  • Report ID: 5959790 •
  • Format: PDF
Global Process Analytics Market to Reach US$3.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Process Analytics estimated at US$281.8 Million in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 44.7% over the analysis period 2020-2027.Process Discovery, one of the segments analyzed in the report, is projected to grow at a 41.9% CAGR to reach US$1.7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Process Conformance segment is readjusted to a revised 51.3% CAGR for the next 7-year period. This segment currently accounts for a 21.9% share of the global Process Analytics market.

The U.S. Accounts for Over 30.3% of Global Market Size in 2020, While China is Forecast to Grow at a 42.4% CAGR for the Period of 2020-2027

The Process Analytics market in the U.S. is estimated at US$85.4 Million in the year 2020. The country currently accounts for a 30.31% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$595.8 Million in the year 2027 trailing a CAGR of 42.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 40.1% and 38.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 30.8% CAGR while Rest of European market (as defined in the study) will reach US$595.8 Million by the year 2027.

Process Enhancement Segment Corners a 25.6% Share in 2020

In the global Process Enhancement segment, USA, Canada, Japan, China and Europe will drive the 43.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$57.9 Million in the year 2020 will reach a projected size of US$726.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$468.9 Million by the year 2027.We bring years of research experience to this 8th edition of our report. The 226-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • CA Technologies
  • Celonis
  • Cognitive Technology Ltd.
  • Fluxicon BV
  • Fujitsu Ltd.
  • Icaro Tech
  • Intellera Inc.
  • Kofax, Inc.
  • Lana Labs GmbH
  • Logpickr
  • Minit J.S.A. (Slovakia)
  • Monkey Mining
  • Process Analytics Factory GmbH (PAF)
  • Process Mining Group
  • ProcessGold International B.V.
  • Puzzle Data
  • QPR Software PLC
  • Scheer GmbH
  • Signavio GmbH
  • Software AG
  • StereoLOGIC
  • TimelinePI, Inc.
  • Worksoft, Inc.