In the Process Mining Tools Magic Quadrant, vendors fall into Leaders, Visionaries, Challengers, or Niche Players categories. This classification depends on their vision and execution capabilities.
Completeness of Vision assesses a vendor’s innovation, market role, and alignment with Gartner’s market view.
Ability to Execute considers vendor’s finances, responsiveness, marketing, sales channels, and customer base.
The four quadrants
While all quadrants have their importance, let’s concentrate on the Visionaries quadrant, where our company QPR Software, and our product QPR ProcessAnalyzer, are positioned.
Visionaries, in the quadrant, possess innovative visions and unique capabilities, pushing process mining boundaries. Consider their long-term alignment with your goals when choosing a visionary vendor.
Leaders, as the name implies, dominate the process mining market. They excel in execution, offering extensive capabilities.
Challengers execute well but may lack a complete future vision.
Niche Players excel in specific areas but have limited market presence.