Process mining to transform business operations with record growth through 2034

PEX Network’s key takeaways:

• Report tips process mining to transform business operations with unprecedented growth through 2034.
• The process mining market, valued at US$3.63 billion in 2025, is projected to reach $97.88 billion by 2034.
• The increasing complexity of business processes is fueling significant process mining market growth.

Process mining is set to transform business operations with unprecedented growth through 2034, according to a new report from The Insight Partners.

The process mining market, valued at US$3.63 billion in 2025, is projected to reach $97.88 billion by 2034, expanding at a CAGR of 44.2 during 2026-2034, the study found. 

As market conditions continue to evolve, process mining is experiencing a pivotal moment as enterprises across industries intensify efforts to streamline operations, reduce inefficiencies, and extract actionable insights from complex digital workflows.

With organizations embracing digital transformation and artificial intelligence (AI), the need for scalable, flexible, and intelligent process analytics solutions has never been stronger.

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Process mining to transform business operations

The increasing complexity of business processes is fueling significant process mining market growth, the report stated.

“Business complexity refers to forming a large, interconnected network of technologies, data, products or services, and people within an organization. The larger the company, the more complex the business will be.”

Modern businesses manage an ever-increasing number of tools and data, making them more complex. At the same time, market conditions and working environments are changing faster than ever, making it necessary for businesses to react and make decisions quickly.

In order to react to change effectively, companies need a clear understanding of their processes, tools, and data.

What’s more, it can be challenging for some firms to understand how different parts affect one another and which ones are essential to the operation due to the complex web of interconnected data, technology, and processes.

“Organizations are under tremendous pressure to adapt to this mix of accelerated change and greater complexity. In order to stay competitive in the market, organizations need a way to clarify business complexity.”

Process mining is proving to be a useful tool for evaluating the current state of business process performance, identifying improvement areas, and assessing the results of process improvements. 

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Process mining market share by region:

• North America is leading the market with the largest share, supported by rapid adoption of advanced analytics and enterprise digitalization initiatives, according to The Insight Partners.
• Europe holds a strong position due to regulatory emphasis on data transparency and compliance, particularly within financial services and manufacturing sectors.
• Asia-Pacific (APAC) is emerging as a fast-growing region, propelled by digital transformation in emerging markets and increased focus on Industry 4.0 solutions.

Key players in the process mining market include Celonis, IBM, Software AG/ARIS, QPR Software, Microsoft, and ABBYY.

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