Operational Analytics Market Set for Rapid Growth and Trend by 2024-2032 Key Drivers And Analysis | IBM Corporation, SAP SE, SAS Institute Inc., Microsoft Corporation

Operational analytics is a cutting-edge technology that allows organizations to minimize fraud and risk, enhance cost efficiency, boost additional transactions, and ultimately amplify profits by lowering expenses. The worldwide operational analytics market is expanding quickly as companies transition from old operational business intelligence methods to modern business intelligence and analytics approaches, alongside a substantial increase in the volume of business data across various industries.

The main factors propelling operational analytics are the growing volume of IT operations data, the rising use of mobile devices, and the increasing number of data centers collecting internal data to analyze the marketing department's performance. Nevertheless, it is anticipated that organizational change and intricate analytical processes will hinder market expansion.

The Operational Analytics Market is Valued USD 16.0 billion in 2024 and projected to reach USD 40.1 billion By 2032, growing at a CAGR of 16.50% During the Forecast period of 2024-2032.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: IBM Corporation, SAP SE, SAS Institute Inc., Microsoft Corporation, Oracle Corporation, Alteryx Inc., Cloudera Inc., Bentley Systems Inc., Splunk Inc., Hewlett-Packard Enterprise, Alteryx, HPE, Hexagon AB, IMS Software, Inc., Autodesk Inc., and Others.

Industry News:

In 2024, IBM and Telefónica Tech signed a collaboration agreement to create advanced AI, analytics, and data management solutions for enterprises, utilizing the SHARK.X hybrid cloud platform to enhance data operations and drive innovation.

In 2024, Oracle unveiled new AI-driven features for Oracle Fusion Data Intelligence, including intelligent applications for Human Capital Management and Supply Chain Management.

Operational Analytics Market Segmentation:

By Component
Software
Services
Professional
Consulting
Deployment & Integration
Support & Maintenance
Managed

By Business Function
Information Technology (IT)
Marketing
Sales
Finance
Human Resources (HR)
Others

By Deployment Model
Cloud based
On-premises

By Application
Predictive Asset Maintenance
Risk Management
Fraud Detection
Supply Chain Management
Customer Management
Workforce Management
Sales & Marketing Management
Others

By End-use Industry
Telecommunication
Retail and Consumer Goods
Manufacturing
Government and Defence
Energy and Utilities
Transportation and Logistics
Others

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

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Important Features of the reports:

- Detailed analysis of the Operational Analytics Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Operational Analytics Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Operational Analytics Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Operational Analytics Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Operational Analytics Market

How big will the market and growth rate be in 2032?

What are the key drivers for the global Operational Analytics Market?
What are the major market trends influencing the growth of the global Operational Analytics Market?
What are the challenges for market growth?
Who are the key vendors in the global Operational Analytics Market?
What market opportunities and threats are vendors facing in the global Operational Analytics Market?
What are the main findings of the five forces analysis of the global Operational Analytics Market?

Conclusion: At the end of the Operational Analytics Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segment analysis is also provided in terms of type and application.

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