Press release
Operational Intelligence Market Latest Innovations, Demand and Business Outlook by 2026
The Operational Intelligence Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Operational Intelligence market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Operational Intelligence market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Operational Intelligence market.The Operational Intelligence Market was valued at USD 2.17 billion in 2020 and is expected to reach USD 4.06 billion by 2026 and grow at a CAGR of 11% over the forecast period (2021-2026).
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Top Leading Companies of Operational Intelligence Market are - Vitria Technology Inc., Splunk Inc., Starview Inc., SAP SE, Software AG, Schneider Electric SE, Rolta India Limited, SolutionsPT Ltd, IBENOX Pty Ltd, Turnberry Corporation, HP Inc., OpenText Corporation and others.
Industry News and Updates:
- July 2020 - Cisco announced new intent-based networking solutions to help optimize business and network operations. As organizations face mounting challenges to deliver consistent and positive digital experiences, Cisco is driving networking advancements to keep customers connected, productive, and secure. The new innovations, focused on simplifying automation and providing IT and business insights, will enable IT teams, to be agile while staying closely aligned with business objectives.
- May 2019 - SAP rolled out ten new offerings that combine experience data (X-data) with operational data (O-data), to measure and improve the four core experiences of the business - customer, employee, product, and brand. They embed X-data directly into an enterprise’s applications, such as its CRM, ERP, or HCM systems, to drive continuous action and improvement.
Key Market Trends:
Cloud Accounts for Significant Market Share
- Cloud deployment is expected to hold a prominent share of the market, owing to the added benefits, such as cost-saving, accessibility, scalability, and centralized service. According to Forbes, 83% of the enterprise workload will be in the cloud, by 2020, out of which 41% of the enterprise workload will be run on public cloud platforms. Another 20% will be private-cloud-based, while 22% will rely on hybrid cloud adoption.
- According to the survey by Flexera, cloud strategy is increasingly being focused on hybrid, instead of public and private. A hybrid cloud is a new norm for how businesses deliver products and services. According to Flexera, the hybrid cloud penetration rate increased to 58% in 2019 compared to 2018, which was 51%.
Asia-Pacific to Witness the Significant Growth
- Asia-Pacific is one of the fastest-growing markets for operational intelligence solutions globally. The region is one of the largest e-commerce markets. According to (Worldpay Group plc, 2019), the eCommerce market in China is set to increase by 41% by 2022. In China, online retail, social communication, and payments are seamlessly integrated - and consumers are ready for the next generation of frictionless, invisible payments with the country having the most significant number of internet buyers at 440 million as of 2017 (UNCTD, 2019).
- Further, the BFSI sector in the region remains to be one of the most crucial end-user segments that have a massive potential for the market. In fact, as of 2019, the banks and financial institutions in the APAC region are projected to invest USD 19 million to build more than 40 light digital branches in high consumer traffic centers (Source: APAC Business Headlines, 2019).
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Operational Intelligence Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Operational Intelligence Market (%),2016 - 2026
- Operational Intelligence Market Share, By Brand
- Operational Intelligence Market Share, By Company
- Operational Intelligence Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Operational Intelligence Market Value Analysis & Forecast
- Promising Operational Intelligence Development by Major Companies
- Detailed Operational Intelligence Portfolio of the Major Companies
- Major Deals in the Operational Intelligence Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592045/operational-intelligence-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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