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In a recently published report, Global Operational Intelligence Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Operational Intelligence Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Operational Intelligence is a real-time dynamic business analytics solution which delivers better visibility and insights for the businesses. OI helps in analyzing and improving the business data by understanding the information highlighting the pitfalls and finding simple ways for responding and tracking the effects.
OI provides flexible, integrated, and real-time decision-making support to the top management in the organization. Operational intelligence promotes automation in decision-making process, which enhances decision-making, market responses and reduces severe delays in the process.
Market Dynamics
Growth in the adoption of the Business Intelligence solutions, focus on cost reduction and improving process efficiency are some of the drivers contributing towards the growth of the operational intelligence market. One of the other major drivers for this market is the increasing need for real-time decision-making.
Operational Intelligence is an evolutionary and technological leap beyond Business Intelligence and Management Information systems that presented retrospective, static and generic intelligence about an organization's performance.
The advantages of OI over these conventional methodologies will propel the market in the future as companies that enable their management to respond in a timely manner to operational variances and market volatility are better equipped to minimize the adverse impacts caused by uncertain operational disturbances in the market. It helps companies by providing a platform by improving their awareness and ability to sense and respond quickly to dynamics of the changing business.
However, data integrity issues related to multiple data sources and need for manual adjustments might cause some hindrance in the demand for this particular market. Another major factor affecting the growth of this market is the lack of skilled professionals, who are still not able to leverage the full potential of OI technology.
Market Segmentation
The global operational intelligence market has been broadly segmented on the basis of deployment model (On-Premise and On-Demand) and on the basis of the end user industry. In terms of end-use industry, the global operational intelligence market is segmented into IT and telecommunication industry, healthcare industries, travel and financial industry, retail industry and others. The other segment includes manufacturing, power and energy, and logistics industries. Based on deployment type, the global operational intelligence market is segmented as mentioned before into on-premise operational intelligent systems, cloud based operational intelligent systems and hybrid operational intelligent systems.
Regional/Geographic Analysis
It has a global presence across North America, Europe, Middle East and Africa, Asia Pacific and Latin America. North America and Europe are expected to show significant growth due to growth in the adoption of operational intelligence tools and their constant focus on improving overall process efficiency. North America currently holds the major share in the operational intelligence market globally and is expected to be a leader throughout the forecast period owing to high adoption of cloud based Business Intelligence and data analytics, contributing majorly towards the market growth.
Moreover, Middle East, Africa and Latin America are expected to show moderate growth in operational intelligence market during the forecast period due to increasing demand for analytics and mobile business intelligence.
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Key Players
Some of the major players in the market are OpsVeda, Inc., Splunk Inc, SQLsteam, Vitria technology, Inc., Flexeye Ltd., Axway Inc., Intelligent InSites.
Report ContentsRegional AnalysisReport Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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Leonard Thomas
Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .
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