Global Operational Intelligence Market Synopsis
The data experts at Market Research Future Reports
(MRFR) have analyze the global operational intelligence market. According to
the study, the global Operational Intelligence Market is projected to thrive at a
CAGR of 12% during the assessment period from 2017 to 2023. Social media has gained momentum from the
past few years, which is anticipated to be the most crucial factor affecting
the global operational intelligence market 2020. In addition, the integration
of operational intelligence with social media is another pivotal factor
resulting in market expansion.
Also, the increasing popularity of industrial
operational intelligence and business intelligence services is anticipated to
be another important element influencing the global operational intelligence
market. Moreover, new enterprises are focusing on cloud-based operational
intelligence. The organizations are investing massive amounts on cloud-based
operational intelligence solutions and business intelligence services. These
solutions have assisted the organizations to regulate their data efficiently
and have better decision-making capabilities.
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However, the spread of COVID-19 has influenced the
global operational intelligence market dynamics. The regional market dynamics
have been affected substantially. The data experts at MRFR are analyzing the
aftermath of coronavirus on the worldwide market. We will provide impact
analysis report.
Market Segmentation
The worldwide operational market can be segregated
into the application, vertical, type, deployment, and region.
Based on application, the worldwide operational
market can be segmented into assembly-line quality assurance, supply chain and
logistics, preventive maintenance, smart meter analysis exploration &
production optimization, and others.
Based on vertical, the worldwide operational market
can be segmented into healthcare, BFSI, manufacturing, automotive, retail, oil
& gas, and others.
Based on type, the worldwide operational market can
be segmented into enterprise operational intelligence software, enterprise
manufacturing operational intelligence, I.T. service intelligence and
enterprise security Based on deployment, the worldwide operational market can
be divided into the cloud and on-premise.
Based on the region, the worldwide operational
market can be segregated into Asia Pacific, North America, Europe, and Rest of
the World (RoW).
Geographical Analysis
Thorough research on the Asia Pacific, North
America, Europe, and Rest of the World (RoW) has been performed.
According to the evaluation, the worldwide market is
anticipated to expand substantially during the assessment period. The
researchers have revealed that North America is estimated to lead the global
market. North America is predicted to seize the maximum market share during the
review period. In North America, the U.S. and Canada are estimated to make maximum
participation in growing the regional market.
Furthermore, the presence of developed economies in
the region is speculated to be another crucial factor. In addition,
well-established infrastructure is projected to be another important factor
leading to market expansion. Moreover, the region is technically developed and
adopts the latest technologies at a quick pace.
Besides, the region is experiencing a surge in
adoption of cloud computing applications across several verticals. It is also
projected to gain the highest revenue by the end of the assessment period. In
addition, market expansion can also be attributed to the easy accessibility of
operational intelligence through mobile applications. On the other hand, the
Asia-Pacific region is projected to grow at the highest rate during the review
period.
However, the market dynamics are estimated to differ
due to the outbreak of COVID-19.
Key Players
The distinguished competitors of the worldwide
operational intelligence market are Splunk Inc. (U.S.), OpsVeda, Inc. (U.S.),
Siemens AG (Germany), Oversight Systems, Inc. (U.S.), Vitria Technology, Inc. (U.S.), SQLsteam
(U.S.), Flexeye Ltd. (U.K), Intelligent InSites, Inc. (U.S.), Starview Inc.
(U.S.), Space Time Insight, Inc. (U.S.), Axway Inc. (U.S.), Software AG
(Germany), VisionWaves B.V. (The Netherlands), and OpenText Corporation
(Canada).
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