Operational Intelligence Market Highlights:
The global operational intelligence market is expected to achieve a CAGR of close to 12% during the forecast period (2017-2023), as per analysis by Market Research Future (MRFR).
Operational intelligence market facilitates automation of the decision-making process, thus improving decision making, enhancing market responses, and also reducing process delays. Operational intelligence solutions are used by organizations strategically for upgrading business processes and also enhance their performance. Moreover, OI supports automation of data delivery and operational data collection, which consequently enhances the visibility of performance and brings down the operating costs of the overall process.
Increasing adoption of big data as well as Operational Intelligence Marketin different industries, given the rising need for operational efficiency and accelerated demand for centralized control and monitoring systems, has benefited the operational intelligent market. Some additional factors working in favor of the market include rising complexity of manufacturing process, advancement in technology, surge in adoption of operational intelligence in the financial sector. The escalating demand for real-time remote monitoring of various industrial activities also stimulates market growth.
Rising automation in industrial sectors in a bid to prevent mishaps and offer safety of employees and products results in growth of the operational intelligent market. But, lack of infrastructure and skilled professionals could work against the operational intelligent market in the near future. Having said that, evolving operational intelligent systems platform coupled with burgeoning amount of machine generated data is bound to offer a host of opportunities for the operational intelligent systems market to expand in the following years.
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Key vendors shaping the worldwide operational intelligence market include Space Time Insight, Inc. (U.S.), VisionWaves B.V. (The Netherlands), SQLsteam (U.S.), Vitria Technology, Inc. (U.S.), OpsVeda, Inc. (U.S.), Splunk Inc. (U.S.), Axway Inc. (U.S.), Intelligent InSites, Inc. (U.S.), Siemens AG (Germany), Oversight Systems, Inc. (U.S.), Software AG (Germany), OpenText Corporation (Canada), Starview Inc. (U.S.), Flexeye Ltd. (U.K), to name a few.
The worldwide operational intelligence market can be segregated with respect to type, deployment, application, and vertical.
Depending on the type, the market can be considered for enterprise operational intelligence software, enterprise manufacturing operational intelligence, IT service intelligence and enterprise security. The enterprise operational intelligence software could exhibit maximum growth in the coming years, thanks to the rising utilization of social media platforms that help reach potential customers around the world.
Deployment-wise, the market includes cloud and on-premise.
As per the application, the market has been segmented into supply chain and logistics, assembly line quality assurance, preventive maintenance, exploration & production optimization, smart meter analysis and others.
The market, with regard to the vertical, comprises healthcare, BFSI, retail, manufacturing, oil & gas, automotive, and others.
The operational intelligence market has been examined based on the key regions of Asia Pacific (APAC), North America, Europe, along with the Rest of the World (RoW).
North America is expected to form the largest market for operational intelligence, while APAC is estimated to demonstrate the fastest growth during the review period.
In North America, the United States (U.S.) and Canada are touted to be the most profitable markets for operational intelligence. Market growth in the region banks upon the rapid advancements in technology as well as the increased adoption of cloud computing applications across different industry verticals.
Various industries in Europe are inclining towards big data analytics as well as the Internet of Things (IoT), which also benefits the operational intelligence market. Both the public and private sector enterprises are making considerable investments in digital and data-driven technologies, boosting the market growth in the region. There are a number of renowned companies within the operational intelligence market in the region. One such vendor in Europe is SAP SE, which is a German company. It offers enterprise software solutions, such as applications, mobile, analytics, cloud & IT operations and database to a vast range of industries.
The booming telecommunications sector combined with growing adoption of the Internet of Things (IoT) solutions across various industries, is responsible for the growth of the operational intelligence market in Asia Pacific. Numerous small and medium enterprises (SMEs) are going for cloud-based operational intelligence solutions, leading to market growth. Also, soaring demand for IoT market in India, China and Japan along with expanding technological and manufacturing segments encourages market growth in the region.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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List of Tables
Table 1 Global Operational Intelligence Market: By Region, 2017-2023
Table 2 North America Operational Intelligence Market: By Country, 2017-2023
Table 3 Europe Operational Intelligence Market: By Country, 2017-2023
Table 4 Asia-Pacific Operational Intelligence Market: By Country, 2017-2023
Table 5 Middle East & Africa Operational Intelligence Market: By Country, 2017-2023
List of Figures
Figure 1 Global Operational Intelligence Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Operational Intelligence Market
Figure 4 Value Chain of Global Operational Intelligence Market
Figure 5 Share of Global Operational Intelligence Market In 2017, By Country (In %)
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