Global Operational Analytics Market size was US$ XX Bn. in 2019 and is expected to reach US$ 22.4 Bn. by 2027, at a CAGR of XX% during forecast period.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Operational analytics is the interpretation of many disciplines that support the seamless flow from first analytic discovery to embedding predictive analytics into business applications, machines and operations. Operational analytics emphases on improving existing operations that involve the use of several data aggregation and data mining tools to get more transparent information for business planning.
Operational analytics is rapidly developing with the transition from traditional business models to advanced BI and analytics techniques. The use of big data is helping organizations to drive in a smarter manner and data-driven. Also, operational analytics aids better decision making for the steady growth of businesses across end-use industries, with well-structured data processing, streaming business applications, for example, customer relationship management (CRM) and real-time information system.
The change in the organizational structure additional poses a threat to the growth of the global operational analytics market share. Lack of skilled workers and high initial investment are the factors hindering the global market growth. The absence of governmental in capability and support to handle third-party data sources will challenge the industry demand. The report covers all the dynamics, technologies and trends playing a major role in the growth of the operational analytics market over the forecast period.
The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the operational analytics market size. Based on industry vertical, the manufacturing segment is expected to account for the largest XX% market share by 2027. It analyzes and forecasts data types to improve manufacturing and supply chain and use pre-built data solutions to improve manufacturing and quality processes. This enhances the proficiency of the product throughout its lifecycle and offers improved products at reduced costs.
North America operational analytics market was valued at US$ XX million in 2019 and is expected to reach a value of US$ XX million by 2027, with a CAGR of XX% during the forecast period. This is because of early adoption of emerging technologies like advanced analytics, big data analytics, and others. Also a majority of players proposing operational analytics solution are from this region. High established economies such as Canada, U.S, and others, invest higher share on R&D of technologies for instance analytics and big data which drive the growth of operational analytics market in North America.
The research study includes the profiles of leading companies operating in the global operational analytics market. In Oct 2017, Vodafone Australia, a worldwide telecom operator, signed an agreement with Splunk Company to centralize and automate their IT monitoring and event management system. The contract offers ML capabilities to IT operation system of Vodafone which aids to overcome the issues related to analysis and data correlation of massive volume of data generated.
The objective of the report is to present a comprehensive analysis of the Global Operational Analytics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Operational Analytics Market dynamics, structure by analyzing the market segments and projects the Global Operational Analytics Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Operational Analytics Market make the report investor’s guide.
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Scope of the Global Operational Analytics Market
Global Operational Analytics Market, by Component
• Software
• Services
Global Operational Analytics Market, by Deployment Mode
• Cloud
• On-Premise
Global Operational Analytics Market, by Industry Vertical
• BFSI
• IT & Telecom
• Manufacturing
• Transportation
• Energy & Utilities
• Government & Defense
• Retail and Consumer Goods
• Others (Education, Food & Beverage, Healthcare, etc.)
Global Operational Analytics Market, by Region
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Key players operating in the Global Operational Analytics Market
• IBM Corporation
• Oracle Corporation
• Microsoft Corporation
• SAS Institute, Inc.
• Hewlett-Packard Enterprise
• SAP SE
• Alteryx, Inc.
• Cloudera, Inc.
• Bentley Systems, Inc.
• Splunk, Inc.
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Operational Analytics MarketThe global operational analytics market is predicted to surpass USD 11 billion at 15% CAGR over the estimated years (2018-2023).
Operational analytics simply put is a technological device for industries to improve their efficiency by boosting transactions, increasing competitive spirit, augmenting decision-making capacities and eliminate the risk of fraudulent processes.
Some of the key benefits of using operational analytics include increased profits, better decision making, competitive advantage, customer satisfaction, streamlining data, holistic operations and better employee engagement.There are ample factors that is boosting the growth of the operational analytics market.
The additional factors that are fueling the market growth include limited cross organizational changes, decrease in cost inefficiencies, increasing consumer driven analysis, demographic connectivity, timely and meaningful decisions, valuable based insights, growing number of data centers for gathering inner data to analyze the performance of marketing data, growing utilization of mobile devices and increased IT operations data.
On the contrary, complex analytical processes, organizational change, maintaining data privacy and confidentiality amid organizations, implementation of operational analytics in SMEs (small and medium enterprises) with lack of effective data management services, insufficient skilled technical experts, secure data sharing and easy data availability are factors that may hinder the growth of the operational analytics market over the estimated years.Growth Drivers and Key BarriersOperational intelligence market facilitates automation of the decision-making process, thus improving decision making, enhancing market responses, and also reducing process delays.
Operational intelligence solutions are used by organizations strategically for upgrading business processes and also enhance their performance.
Operational Analytics MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Operational Analytics Market .
The growth sectors of the Operational Analytics Market are identified with precision for a better growth perspective.The global operational analytics market is predicted to surpass USD 11 billion at 15% CAGR over the estimated years (2018-2023).
Operational analytics simply put is a technological device for industries to improve their efficiency by boosting transactions, increasing competitive spirit, augmenting decision-making capacities and eliminate the risk of fraudulent processes.
Analytical techniques utilize tools such as aggregation, mining and data extraction for churning out useful information from raw data.
Some of the key benefits of using operational analytics include increased profits, better decision making, competitive advantage, customer satisfaction, streamlining data, holistic operations and better employee engagement.There are ample factors that is boosting the growth of the operational analytics market.
These factors as stated by the Market Research Future (MRFR) report include network and security management, real time log analytics, business infrastructure management, data security and seamless business integration.
Use your data assets and programs with our advanced operational analytics solutions to gain actionable and impactful insights to achieve operational excellence.
Global IT operation analytics Market Research Report: By Technology (Visual Analytics, Machine-Based Learning, Predictive Analytics, User-Behavior Analytics, Root-Cause Analytics), Organization Size, by Deployment, Application, Vertical – Forecast till 2027Market HighlightsIT operation analytics assists in improving operations by gathering data from various processes for predicting potential issues and enhancing decision-making.
It allows clients in focusing their efforts and reducing the time to solve problems.
The global IT operation analytics market report by Market Research Future (MRFR) comprises drivers, challenges, opportunities, and trends for the period of 2017 to 2023 (forecast period).
The sudden outbreak of the COVID-19 virus and its impact on the industry are noted in the report.Market ScopeThe global IT operation analytics market is expected to grow at a CAGR of approximately 39% during the forecast period.The large data accumulated owing to internet of things based devices, data management strategies, need for process control and optimization, and focus on gaining the edge in the competition are major drivers of the market.
Operational analytics can focus their efforts in pinpointing the problem and solving it at a rapid pace.The trends of bring-your-own-devices (BYOD) and internet of things (IoT) and consulting services by professionals owing to IT operational analytics among large organizations can bode well for the market.
The global market size can touch USD 26 billion by 2027 owing to being employed by organizations for measuring key performance metrics.
