The operational intelligence market is expected to grow by USD 1.25 billion, progressing at a CAGR of almost 10% during the forecast period.
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The increasing need for real-time decision-making is one of the major factors propelling market growth. However, factors such as lack of skilled professionals will hamper the market growth.
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Operational Intelligence Market: Deployment Landscape
In an on-premises deployment model, the software is purchased and installed on the user's server, and skilled IT professionals maintain it in the organization. As the rising number of enterprises have started adopting cloud-based OI solutions for their cost-effectiveness, agility, and flexibility, the market share for on-premise deployment is expected to decline over the next few years.
Operational Intelligence Market: Geographic Landscape
North America was the largest operational intelligence market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The market in the US has witnessed an increase in the emergence of mobile and cloud-based OI solution providers over the past few years. End-user enterprises are deploying this technology to perform analysis and improve their efficiency. With the industry 4.0 revolution, several industry verticals have adopted advanced IT solutions, such as internet of things (IoT), big data, and advanced analytics, and cloud computing solutions, leading to the generation of a massive amount of real-time data. This high volume of real-time data generation will significantly drive operational intelligence market growth in this region over the forecast period. 43% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for operational intelligence in North America. Market growth in this region will be slower than the growth of the market in APAC.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Deployment
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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