Press release
Operational Intelligence (OI) Market Value to Reach US$ 4.5 Billion by 2027
Operational Intelligence (OI) Market
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Operational intelligence (OI) refers to the business analytics solutions that provide actionable data in real-time. They employ numerous automated data gathering techniques, such as machine learning (ML), artificial intelligence (AI) and data warehousing, to get valuable insight and visibility into the data. They also assist business operations in making critical decisions based upon analytic insights. They analyze business processes and activities in real-time with high scalability and on-demand report generation that offers the users with deeper insights into the functioning of IT systems while identifying the patterns of activity on the network in an attempt to prevent data breaches.
Global Operational Intelligence (OI) Market Trends:
The market is primarily driven by the increasing utilization of big data and business intelligence services across numerous industries. OI is extensively being deployed in numerous workplaces to support the automation of the decision-making process for enhancing market responses while minimizing process delays. They are also utilized to improve the overall performance of the organization and for upgrading their business processes. Coupled with the rising demand for centralized control and monitoring systems that offer real-time data regarding industrial activities, this is providing a thrust to the market growth.
Moreover, OI is extensively deployed in the banking, financial services and insurance (BFSI) sector for ensuring uptime of critical financial systems. It is also being used in the logistics sector to gain real-time insights into supply chain operations. The increasing utilization of these services in the healthcare sector is also acting as a major growth-inducing factor. The rising focus on patient-centric care and the escalating need for streamlining workflows are supporting its uptake in the sector. Numerous players are now utilizing social media platforms as a key tool for gathering large amounts of actionable data related to the latest trends, thereby providing an impetus to the market growth. Some of the other factors contributing to the market growth include continual advancements in technology, rising incidences of security breaches across numerous sectors, and the increasing need for simplifying the data gathered from an IT infrastructure.
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Key Market Segmentation:
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Axway Inc., Intelligent InSites Inc. (Infor), OpenText Corp., Oversight Systems Inc., SAP SE, Software AG, Space Time Insight Inc. (Nokia), Splunk Inc., SQLsteam and Vitria Technology Inc. (Innovation Technology Group Inc).
Breakup by Deployment Type:
• On-premises
• Cloud-based
Breakup by Organization Size:
• Large Enterprises
• Small and Medium Enterprises
Breakup by End Use Industry:
• BFSI
• Manufacturing
• Healthcare
• Retail
• Transportation and Logistics
• Energy and Power
• Telecom and IT
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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