iCrowd Newswire – Jul 29, 2020
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Operational Intelligence Market. The growth sectors of the Operational Intelligence Market are identified with precision for a better growth perspective.
Operational intelligence has redefined business intelligence. The underlining purpose of operational intelligence is to monitor business activities and detect potential situations that reflects opportunities and threats.
Operational intelligence is often referred to as an event-centric approach to deliver information. These insights can equip people in business to make better decisions om investment. In addition, operational intelligence metrics is observed as the initial point for further analysis. Organizing details and performing root-level analysis to eliminate anomalies in any transactions can improve efficacy of business activities. Operation intelligence functions aids in achieving the same.
Market Research Future (MRFR), an emerging market research company, studied the possible effect of change in parameters that determine the market growth. Potential growth pockets and threats on the market are also discussed by analysts in the report. Modern and fail-safe research methods were deployed to derive insights on the market. As per MRFR study, the operational intelligence global market is likely to rise at about 12% CAGR across the forecast period 2017-2023.
Contributions, innovations, product diversification, investments, and research modules of reputed key players were studied by MRFR. These companies are; Splunk Inc. (U.S.), OpsVeda, Inc. (U.S.), SQLsteam (U.S.), Siemens AG (Germany), Vitria technology, Inc. (U.S.), Vitria technology, Inc. (U.S.), Intelligent InSites, Inc. (U.S.), Flexeye Ltd. (U.K), Axway Inc. (U.S.), Starview Inc. (U.S.), Space Time Insight, Inc. (U.S.), Oversight Systems, Inc. (U.S.), OpenText Corporation (Canada), Software AG (Germany), and VisionWaves B.V. (The Netherlands) among others.
The study of the operational intelligence market is based on deployment, type, vertical, and application. The type-based segments of the market are enterprise operational intelligence software, enterprise manufacturing operational intelligence, enterprise security, and IT service intelligence. The growing significance of operational intelligence in different enterprises can bolster the expansion of the operational intelligence market. The deployment-based segments of the market are on-premise and cloud. The reliability of cloud and robustness of execution offered by cloud are prime causes for the deployment of operational intelligence on cloud.
This can spur the expansion of the market. The application-based segments of the market are assembly line quality assurance, supply chain and logistics, exploration & production optimization, preventive maintenance, smart meter analysis, and others. The growing application of operational intelligence in product optimization and exploration can spur the market rise. The upscaling need for operation intelligence in supply chain and logistics to achieve simplified solution can impel the market growth. The vertical-based segments of the market are healthcare, BFSI, retail, automotive, oil & gas, manufacturing, and others.
The regional segments of the operational intelligence market are North America, Asia Pacific, Europe, and the RoW. North America operational intelligence market is estimated to surge at a decent growth rate. MRFR study reveals that APAC market is expected to attain a considerable share of the global market on conclusion of the forecast period. Asia Pacific operational intelligence market to expedite at the fastest growth rate in the study period. The US and Canada are regions that are likely to thrive at a high pace through the review period. The growth of regional operational intelligence market can be attributed to the availability of technologies and high rate of adoption. The increased rate of cloud computing adoption and growing application of operational intelligence can impel the expansion of the regional market in years to come.
Other Related Market Research Reports:
Operational Technology Security Market Research Report – Global Forecast till 2025
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