Operational Intelligence Market : Revenues to Go Up In The Forthcoming Years (SARS-CoV-2, Covid-19 Analysis)
Operational Intelligence Market
A new market study, titled “Operational Intelligence Market” has been featured on Market Research Future.
Market Research Future (MRFR)’s study prognosticates that the global operational intelligence market is expected to mark a CAGR of 12% during the forecast period 2017 to 2023. The report further indicates that the valuation of the market is poised to reach USD 3.46 Bn by the end of the review period. Operational intelligence, which is also famous as the next generation of business intelligence, is expected to gain quick mileage in the foreseeable future. It enables an organization to detect opportunities, inefficiencies, threats, etc. and rectify the deviation for operational efficiency.
The growth of data inflow in conjunction with the increasing use of social media platforms is poised to catalyze the expansion of the operational intelligence market in the years to come. Operational intelligence systems offer insights into real-time data for expediting decision-making processes. It is anticipated to favor the large-scale adoption of the technology across the review period. Furthermore, the rising investments in cloud-based technology are forecasted to augment the operational intelligence market in the forthcoming years.
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Enterprises are emphasizing on reducing the complexities of the network infrastructure which is likely to favor the expansion of the operational intelligence market in the foreseeable future. Also, the adoption of business intelligence systems is expected to pave the way for the growth of the operational intelligence market across the assessment period. However, the need for skilled personnel for managing OI solutions might undermine market growth over the projection period.
Market Segmentation:
By type, the global operational intelligence market has been segmented into enterprise manufacturing operational intelligence, enterprise operational intelligence software, IT service intelligence and enterprise security.
By deployment, the operational intelligence market has been segmented into cloud and on-premise.
By application, the global operational intelligence market has been segmented into supply chain and logistics, assembly line quality assurance, preventive maintenance, exploration & production optimization, smart meter analysis and others.
By vertical, the operational intelligence market has been segmented into BFSI, healthcare, manufacturing, retail, automotive, oil & gas, and others.
Regional Analysis:
By region, the global operational intelligence market has been segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW). North America has secured the leading position in the global marketplace owing to its developed IT infrastructure. The region is supportive of the early implementation of technologies which is anticipated to propel the expansion of the operational intelligence market over the next couple of years. The U.S. and Canada are projected to drive the proliferation of the regional market in the years to come. Europe is forecasted to maintain its second position through the review period. Meanwhile, Asia Pacific has been assessed to exhibit the steepest rise in the growth curve during the projection period.
Competitive Dashboard:
Some of the major players of the global operational intelligence market profiled in this report are OpsVeda, Inc. (U.S.), Siemens AG (Germany), Splunk Inc. (U.S.), SQLsteam (U.S.), Flexeye Ltd. (U.K), Axway Inc. (U.S.), Vitria Technology, Inc. (U.S.), Intelligent InSites, Inc. (U.S.), Oversight Systems, Inc. (U.S.), Starview Inc. (U.S.), Space Time Insight, Inc. (U.S.), OpenText Corporation (Canada), Software AG (Germany), and VisionWaves B.V. (The Netherlands).
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