Online Analytical Processing Market Overview, and Forecast 2018 - 2026: IBM Corporation, Oracle Corporation, MicroStrategy Incorporated, Microsoft Corporation, SAP SE, Jedox AG

Marketresearchreports.biz Announced New Study on Report "Online Analytical Processing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026."

Online analytical processing (OLAP) is a technology for multidimensional analysis of business data. OLAP tools perform complex calculations, data discovery, trend analysis, and data modeling. It is the foundation for business applications such as analysis, planning, financial reporting, simulation models, business performance management, budgeting, forecasting, and knowledge discovery. OLAP enables ad hoc analysis of data in multiple dimensions, thereby providing insight for making better business decisions. OLAP systems are categorized into relational OLAP (ROLAP), multidimensional OLAP (MOLAP), and hybrid OLAP (HOLAP). OLAP software combines the benefits of relational tables and multidimensional business data modeling in real-time. It maintains a constant connection with back-end systems and delivers real-time reports/analytics in excel and other tools such as dashboards and query tools.

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Presently, commoditization and consolidation of multiple technologies is a major trend in the market. Hence, the need for OLAP and business intelligence is rising along with customer relationship management (CRM) and enterprise performance measurement (EPM) solutions. OLAP is mostly integrated within Business Intelligence (BI) platforms, while online analytical processing, reporting, querying, dashboards, data visualization, and data exploration are considered as separate categories within BI. The demand for BI platforms from enterprise software providers, such as Microsoft Corporation, SAP SE, and Oracle Corporation, is more rather than independent OLAP tools. Most independent BI vendors are likely to be absorbed into industry-specific enterprise software solutions during the forecast period. Hence, the demand for standalone OLAP tools is expected to reduce. OLAP takes a long time to perform business analysis. Hence, in-memory OLAP is the latest technology trend in online analytical processing market. In-memory OLAP technology helps improve overall performance and analysis and as it operates within the memory, the time required for analysis is reduced significantly. The online analytical processing market is dominated by a few established players. These players acquire small players entering the online analytical processing market. In-memory OLAP is projected to create opportunities for small players and during the forecast period. Leading players, such as IBM Corporation, have offer in-memory online analytical processing platforms. IBM Cognos has introduced TM1, an in-memory OLAP 64-bit architecture platform.

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The global online analytical processing market can be segmented based on type, solution type, organization size, end-use industry, and region. In terms of type, the online analytical processing market can be classified into ROLAP, MOLAP, HOLAP, and others. The MOLAP segment accounts for a dominant share of the online analytical processing market. Based on solution type, the market can be bifurcated into integrated and standalone. The integrated segment is anticipated to continue to dominate the online analytical processing market between 2018 and 2026. In terms of organization size, the online analytical processing market can be segregated into small & medium enterprises (SMEs) and large enterprises. Based on end-use industry, the online analytical processing market can be categorized into Banking, Financial Services, and Insurance (BFSI), retail, IT & telecom, manufacturing, health care, and others.

Based on region, the global online analytical processing market can be categorized into North America, Asia Pacific, Middle East & Africa, South America, and Europe. The market in Asia Pacific is fueled by the increase in adoption of OLAP in enterprise software by a large number of SMEs in the region.

Key players operating in the global online analytical processing market include IBM Corporation, Oracle Corporation, MicroStrategy Incorporated, Microsoft Corporation, SAP SE, Jedox AG, Pentaho Corporation (Mondrian), Apache Software Foundation (Apache Kylin), icCube Software llc, Hypercube Consulting PTE LTD, and DataBrewery (Cubes). These players focus on the application needs of buyers and strategically develop products. The market is fragmented and established companies are engaging in mergers and acquisitions to gain additional capabilities and market share.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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