Published Date : Feb 06, 2017
ALBANY, NY, Feb 06, 2017: The in-depth research study on report, titled “Global Operational Intelligence Market 2017-2021” analyzes key drivers and restraints, profile and key offerings of the market players, prominent technology advancements, and the changing competitive landscape across the globe. The research offers insights into emerging deployment models of operational intelligence solution providers and the factors stimulating the demand for these solutions among various end-use industries.
The study takes a closer look at the recent disruptive technologies that will stir the demand for intuitive solutions among organizations worldwide. The research report estimates the global operational intelligence market to rise at a CAGR of 12.39% during the period 2017-2021. To estimate the market size, the report considers the revenue generated from installations, software updates and licenses, maintenance costs, software subscriptions, and professional services.
The research highlights the emerging development trends such as complex event processing (CEP) and social media integration and their impact on market dynamics. Recent industry developments expected to trigger the demand for innovative operational intelligence solutions are also covered in the reports. The increasing need for real-time decision-making across organizations and the imperative for gaining actionable business insights for companies have led to a wide demand for operational intelligence solutions. Initiatives to gain meaningful insights from big data analytics for enhancing operational efficiency and optimizing business processes is a crucial factor driving the market growth. This has motivated organizations across a range of sectors, such as telecommunication, banking and financial services (BFSI), and IT, to implement various real-time business intelligence tools. Continuous technology advancements and intensifying competition across sectors have created ample growth opportunities for the market players.
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Lack of skilled professionals and the high cost involved in the implementation and maintenance of operational intelligence tools are likely to impede the market growth. The market players would, however, explore new avenues for growth in the launch of user-friendly solutions made for mobile devices and by providing new deployment models, particularly cloud-based solutions, to consumers. Furthermore, the integration of operational intelligence solutions with different social media tools is expected to provide lucrative growth prospects to the market players. The research reports tracks the impact of the drivers and market challenges on the strategic landscape of the operational intelligence market.
The research study highlights the changing vendor landscape by making a comparative reports of the key offerings of prominent vendors. The report majorly segments the market on the basis of deployment types and geography. Key market players profiled in the report include Flexeye, OpenText, Splunk, and Vitria Technology.
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