Global Operational Intelligence Market is valued at USD 2327.9 Million in 2021 and is expected to reach USD 5342.3 Million by 2028 with a CAGR of 12.6% over the forecast period.
Global Operational Intelligence Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- The growing adoption of operational intelligence in many end use industries and in many sectors leads to drive the growth of Global Operational Intelligence market.
Operational intelligence is a category of real-time dynamic, business analytic which delivers visibility and insight into data, streaming events and business operations. It is a technology used to improve the visibility of events that occur in business. Behind every IT infrastructure and system running in the business, there is huge amount of machine-generated data. This data is analyzed with the help of operational intelligence tools. This data is used to improve overall efficiency of the business. It also provides companies the ability to make decisions and also act on these analytic insights, through manual and automated actions.
The Covid-19 pandemic has also impacted the growth of the many sectors due to nationwide lockdowns, to decrease the spread of Covid-19 virus. This lockdown also disrupted planned projects of operational intelligence across the world and impacted the market growth during the pandemic.
The Global Operational Intelligence market is segmented on the basis of deployment type, organization size, end-use industry, application and region & country level. On the basis of deployment type, the global operational intelligence market is classified as on-premises and cloud based. On the basis of organization size, the global operational intelligence market is classified as large enterprises and small and medium enterprises. On the basis of end-use industry, the market is classified as BFSI, manufacturing, healthcare, retail, transportation and logistics, energy and power, telecom and IT and others. On the basis of application, the global operational intelligence market is classified as household, commercial and others.
Global Operational Intelligence Market report covers the some of the prominent players like
On February 1st, 2022; Nintex, the global standard for process intelligence and automation, announced its workflow automation and digital forms technologies are part of a novel communications system designed by award-winning Nintex Premier Partner Myriad Technologies to help Australian military personnel which relay crucial operational intelligence in ultra-low bandwidth settings. Brisbane-based Myriad Technologies rapidly incorporated Nintex Workflow and Nintex Forms into its Secure Search and Information Exchange (S2IX) platform to effectively transform operations capabilities for military service members. This fully digital and secure solution leverages military logic and translates it into digital workflows and forms powered by Nintex that control how information and intelligence moves from person-to-person across a network.
On January 3rd, 2022; American technology startup NetSpring has rolled out an AI-based cloud application platform-as-a-service for quick, continuous actionable business insights from operational event data. The new operational intelligence platform leverages AI and ML to generate continuous actionable insights from streaming event data-in-motion and static reference data-at-rest that enables faster analytics and operational decision-making. The new platform continuously monitors every event in the system and proactively alerts users of anomalies and patterns of interest in data in real-time.
The emergence of big data and the increasing need to make crucial business decision within a compressed timeframe, the operational intelligence (OI) and analytics tools have gained a substantial market share in the past decade. Operational intelligence quickly sort the most relevant data and focus on information which is pertinent in the short term, which includes providing industry KPIs, operational metrics and other real-time factors. Additionally, the internet of things (IoT) is an extension of digital connectivity to devices and sensors in homes, businesses, vehicles, and potentially almost anywhere. This technology means that virtually any device can generate and transmit data about its operations data to which analytics can be applied to easy monitoring and a range of automatic functions, for these tasks IoT requires operational intelligence (OI).
In addition, increasing demand for operational intelligence for the power industry is another factor fostering the market growth. The growth of power industry is attributed to the rise in demand for power coupled with rise in population and urbanization. Additionally, increasing industrial growth and globalization across the world have also increases the demand for power. The power industry has various parameters and operational activities. The implementation of operational intelligence in power industry leads to smoothen the operational efficiency in plants and also reduces human intervention. Many countries are investing in the power generation sectors to meet the demand for energy and supply. This leads to drive the operational intelligence market. Additionally, the developments in the field of gas turbines, renewable energy, and digital solution technologies is also anticipated to increase the investment scenario in the global power generation market. This, in turn, leads to supplement the growth of the global operational intelligence market for power industry.
Furthermore, increase in amount of data in the oil & gas, automotive and healthcare industries is also expected to boost the demand for operational intelligence solution in the market. However, data integrity issue related to multiple data sources and the need for manual adjustments may restrain the operational intelligence market growth within he forecast period. In spite of that, increasing advancements in this field may offer more opportunities for the further growth of the market.
The North America is expected to dominate the global operational intelligence market. The United States is expected to capture the highest share in this region due to the presence of major OI vendors in New York City and growing emergence of mobile and cloud-based operational intelligence (OI) solution providers. Additionally, the presence of key players in this region such as OpsVeda, Inc., Splunk Inc., SQLsteam, Vitria Technology, Inc., Axway Inc., Intelligent InSites, Inc., Starview Inc., Oversight Systems, Inc., and Space Time Insight, Inc. is also supplementing the global operational intelligence market in this region.
Asia-Pacific is one of the rapid growing markets for global operational intelligence solutions. Asia Pacific region is having huge potential in e-commerce markets. The operational intelligence helps the ecommerce business to make decisions based on statistical facts which increases the business in Asia Pacific regions. And, the BFSI sector remains to be one of the most important end-user segments which have a huge potential for the market in this region. In 2019, the banks and financial institutions in the Asia Pacific region invested USD 19 million to build more than 40 light digital branches in high consumer traffic.
Middle East and Africa
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 2327.9 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 5342.3 Million|
|Tables, Charts & Figures:||175|
|Operational Intelligence Companies||Axway Inc., Intelligent InSites Inc. (Infor), OpenText Corp., Oversight Systems Inc., SAP SE, Software AG, Mobileum, Space Time Insight Inc. (Nokia), Splunk Inc., SQLsteam and Vitria Technology Inc., and many others.|
|Segments Covered||By Deployment Type, By Organization Size, By End-Use Industry, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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