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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