Operational Analytics - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Operational Analytics Market is accounted for $7.72 billion in 2019 and is expected to reach $31.04 billion by 2027 growing at a CAGR of 19.0% during the forecast period. Some of the factors such as rising need for process and operations optimization and control, growing adoption of advanced data management strategies are driving the growth of the market. However, complex analytical process and lack of sufficiently skilled staff are hampering the market growth.
Operational analytics is the interpretation of multiple disciplines which support the seamless flow from initial analytic discovery to embedding predictive analytics into business operations, applications, and machines. Operational analytics uses statistical analysis extensively and this includes fact-based management and predictive and explanatory modeling to drive decision making. It also helps in improving business stability and avoiding service outages by identifying trends which predict potential issues and help in their proactive mitigation through sending alerts in some case while some get auto-corrected.
Based on the deployment model, the on-premises segment is going to have a lucrative growth during the forecast period owing to the cost-effective and timely services. Its growth is specifically high in Small and Medium Enterprises (SMEs), where low- cost solutions are greatly required.
By geography, North America is going to have a lucrative growth during the forecast period due to the early adoption of emerging technologies such as big data analytics, advanced analytics, and others. Also, a majority of players offering operational analytics solution are from this region. High established economies such as US, Canada, and others, invest higher share on research and developments of technologies such as analytics and big data which fuel the growth of operational analytics market in the region.
Some of the key players profiled in the Operational Analytics Market include Alteryx, Inc, Bentley Systems, Inc, Cisco Systems, Cloudera, Inc, Google Inc, Hewlett-Packard Enterprise, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute, Inc, Splunk, Inc, Evolven Software Inc., HP Development Company, SAP SE, Riverbed, and Zenoss.
Business Functions Covered:
• Human Resources (HR)
• Information Technology (IT)
Deployment Models Covered:
• Customer Management
• Fraud Detection
• Predictive Asset Maintenance
• Risk Management
• Sales and Marketing Management
• Supply Chain Management
• Workforce Management
End Users Covered:
• Energy and Utilities
• Government and Defense
• Retail and Consumer Goods
• Transportation and Logistics
• Banking, Financial Services, and Insurance (BFSI)
• Other End User
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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