Operational Intelligence Market Segmentation by Deployment (On-Premise, and Cloud); by Verticals (Manufacturing, Retail, Healthcare, IT & Telecommunication, BFSI, and Others); by Application (Commercial, Residential, and Others); and by Organization (Large Organizations, and Small & Medium Organizations)-Global Demand Analysis & Opportunity Outlook 2031

Global Operational Intelligence Market Highlights Over 2022 - 2031

The global operational intelligence market is estimated to grow at a CAGR of ~12% over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 3.0 billion in 2021. The growth of the market can be attributed to the rise in the need among organizations to understand their customers. Moreover, there has been an increase in the need for real-time analytics for making faster decisions by organizations. According to the World Bank, using real-world data from 183 million transactions made by 2.6 million bank customers, allows credit reporting to detect twice as many defaulters among the top 1% of riskiest customers. Furthermore, mobile devices have become a source of massive amounts of structured and unstructured data in the digital era. Moreover, organizations are adopting big data analytics in order to stay ahead of their competitors in the competitive environment.

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The global operational intelligence market is segmented by verticals into manufacturing, retail, healthcare, IT & telecommunication, BFSI, and others. Out of these, the retail segment is anticipated to hold the largest share over the forecast period in the global operational intelligence market owing to the presence of large amounts of transaction data. Furthermore, the data gathered by operational mode can be used to improve the performance of the product, and get more knowledge related to the customers.

Global Operational Intelligence Market Regional Synopsis

Regionally, the global operational intelligence market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to hold the largest share over the forecast period owing to the presence of market players and advanced infrastructure for better network connectivity. Moreover, the market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of the rising adoption of cloud based infrastructure by large number of organizations, backed by the increasing need of businesses to automate their operational processes as well as to reduce their cost of operations. Besides this, an increase in the number of population using the internet, which would generate abundant amount of raw data to these businesses, is thereby expected to raise the need for operational intelligence tools amongst these businesses and thereby create a significant opportunity for the market growth in the region in the coming years. As per the World Bank, the percentage of China's population using the internet has increased from 0 percent in 1990 to 70 percent in 2020.

Market Segmentation

Our in-depth analysis of the global operational intelligence market includes the following segments:

By Deployment

• On-Premise

• Cloud

By Verticals

• Manufacturing

• Retail

• Healthcare

• IT & Telecommunication

• BFSI

• Others

By Application

• Commercial

• Residential

• Others

By Organization

• Large Organizations

• Small & Medium Organizations

Growth Drivers and Challenges Impacting the Growth of the Global Operational Intelligence Market

Growth Drivers

• Rise in the need amongst organizations to understand their customers.

• Increase in the need for real data analytics

Challenges

• High cost of the initial investment for operational intelligence

• Lack of skilled workers to analyze the data for better decisions

Key Companies Dominating the Global Operational Intelligence Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global operational intelligence market that are included in our report are Microsoft Corporation, IBM Corporation, OpsVeda Corporation, Axway Inc., Splunk Inc., TIBCO Software Inc., Oversight Systems, Inc., Wipro Limited, Amazon Web Services, Inc., Vitria Technology, Inc., and others.

Latest Developments in the Global Operational Intelligence Market:

• 5 April 2022: IBM Corporation announced the IBM z16, the company's next-generation system with an integrated on-chip AI accelerator for latency-optimized inference. This innovation is intended to enable clients to analyze real-time transactions at scale, such as credit card, healthcare, and financial transactions.

• 18 May 2022: Microsoft Corporation announced partnership with American Airlines to use technology for the better experience of the customers. As a part of this, American Airlines will use the Microsoft Cloud Platform named as Microsoft Azure.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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