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Operational Intelligence Industry Share, Market Size, Growth, Trends, Global Statistics, Sales and 2018-2023 Future Insights | 360 Market Updates

Operational

Operational Intelligence Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Operational Intelligence market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Operational Intelligence Market report is anticipated to register a CAGR of 10.56% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Operational Intelligence Market are –

  • Vitria Technology Inc.
  • GE Corporation
  • Splunk Inc.
  • Starview Inc.
  • Flexeye Corporation
  • Ventana Research
  • SAP SE
  • OpenText Corp.
  • HP Inc.
  • Turnberry Corporation
  • IBENOX Pty Ltd.
  • SolutionsPT Ltd
  • Rolta India Limited
  • Software AG
  • Invensys Inc.

The global operational intelligence market is expected to register a CAGR of 10.56 %, during the forecast period (2018 – 2023). The scope of the report is limited to deployment type offered by major players in End-user domains, such as on premise and cloud. While the regions considered in the scope of the report include United States, Canada, United Kingdom, Germany, France, Russia, South Africa, China, India, Japan, Mexico, Saudi Arabia, and Brazil.

Business Intelligence (BI) can explore through massive amounts of data and cross-examine that data to develop Key Performances Indicators (KPI) and derive trends that give relevant insights to the management, allowing them to make effective business decisions. The need for Operational Intelligence (OI) systems is increasing because of the growing workflows and complex planning programs. OI can help any enterprise to do a business in the mobile world, and help in developing various strategies, and monitors customized workflows. All these can ease the access to realtime data for actionable insights. One of the key benefits is that it helps in cessations of work directly and modifies the inventory to ensure that new business orders are kept current on a day-to-day basis. OI further perform the tasks like monitoring utilization, world flow schedules, impacts diagnose trouble codes, and track preventive, helping toward better understanding of the total cost of operation on real-time basis.

Increase in Adoption of Real-Time Business Intelligence Systems has Increased the Demand for Operational Intelligence Systems

Real-time data analytics provide the ability to control frequently changing situations and to see across the organization to understand the workflow. In large enterprises, from maintenance to procurement and even managing the database of single software, each IT hardware equipment introduces incalculable vulnerabilities. Multiplying these risks by thousands and even millions of servers, computers, sensitive equipment, and other storage devices, the magnitude of diversion due to security breaches, auditing mistakes, mismanagements, manpower, and other critical resources inflates exponentially. OI can play a vital role in reducing the complex situations in cases, like above.

Real-time data analytics is also able to clout the Internet of Things and big data capabilities to enhance business operations and ensure concentrated device uptime. Ultimately, it can reduce manpower costs associated with inventory management and can benefit the industries, like health care, chemical industry, weather industry, and others.

On Demand or Cloud Deployment of Operational Intelligence Services is expected to have High Growth

On-demand deployment model of OI tools can be defined as an emerging form of software delivery model, wherein the software is deployed and managed on the provider’s cloud infrastructure. This model offers lucrative benefits to small/medium scale businesses by drastically cutting down on the capital expenditure involved in building the required infrastructure on their premises. On-demand software model allows consumers to subscribe to the software tools on a pay-as-you-go model on a monthly basis; moreover, it eliminates the need for employing personnel for managing the hardware associated with the deployment. On-demand analytics tools can be accessed from any location, and offers greater convenience over on-premise model, because the service vendor is responsible for providing maximum uptime, data security and periodic updates.

Several organizations, such as SAAP and IBM provide a wide range of OI services to their end-users. Some of the core capabilities of these services include real time monitoring, big data analytics, cloud services, and other customized dashboards for easier retrieval of data to ease the workflows.

Asia Pacific is expected to have a High Market Share Owing to Potential for Growth in the Region

Asia-Pacific is expected to account for a major share in the operational intelligence Market. Many of the organizations in Asia-Pacific are completely depend on the on-digital systems to perform their missions. Therefore, the adoptability to the operational intelligence systems can be laidback to the small and medium size organizations. As we mentioned above that operational intelligence technology provides the basis for resources planning for all other sectors, including healthcare, retail, and various other sectors in this Region.

Although the industrial sector is growing in this region, the global demand with growing population overshadowed the production capabilities. Increase in the accuracy and repeatability of the work along with increasing wages have become a major concern, while employing human labor. These factors, along with the advantages, such as reduction in production time, less human error, and higher volume production, substantially increased the adoption of IT services by the industries, and this is driving the market for operational intelligence in this region. Moreover, many of the countries in Asia-Pacific are devising distinct governmental policies to improve the administrative working process and this might boost the operational intelligence market in Asia-Pacific.

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Scope of the Report:

The report analyses Operational Intelligence market, which includes –

  • Analysis of the growth of Operational Intelligence market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Operational Intelligence market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Operational Intelligence market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Operational Intelligence market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Operational Intelligence Market Report:

  • Varying dynamics of the Operational Intelligence industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Operational Intelligence market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Operational Intelligence market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Operational Intelligence Market Report:

  • The report analyses how stringent emission control norms will drive the global Operational Intelligence market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Operational Intelligence market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Operational Intelligence:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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