The prominent players in the Operational Analytics market are IBM Corporation (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), HPE (U.S.), SAP SE (Germany), Alteryx (U.S.), Cloudera (U.S.), Bentley Systems (U.S.), and Splunk (U.S.) among others, are profiled in Market Research Future analysis and are at the forefront of competition in the Operational Analytics market.
Operational Analytics Market – Overview
Operational Analytics is a category of business analytics which aims to improve business operations in any organizations. The technology uses tools such as data mining and data aggregation to churn out useful information from the raw data which helps in efficient decisions making for the organization.
The emerging technologies such as machine to machine communication, internet of things, machine learning and others with the help of analytics tools such as data fusion, data mining and others help in producing detailed business insights of any organization in seconds. Operational Analytics fetches all the operational areas in a business such as procurement, supply chain and assets management and helps to gain enhancement in the business operations with reduced cost and efficient decision making in all the areas.
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The Operational Analytics market is expected to grow during the forecast period due to adoption of technologies such as internet of things, big data analytics and machine learning. The key factor that drives the growth of this market is data driven decision making which is adopted in ever industries such as manufacturing, automotive, finance and others.
Data Analytics may face challenge due to the complex and diversified machine data. The machine data could be structured, semi-structured or unstructured due to which obtaining a data pattern becomes quiet time consuming while analysing the generated data.
Industry News
March 16, Bentley adds Situational Intelligence based on Azure Machine Learning.
Bentley Systems, a U.S. based software development company has announced additional capabilities of machine learning and data science based on Microsoft Azure for its CONNECT edition of ASSETWISE, a software solution which manages operational assets and improves its decision making of an organization.
October 5 2017, SAP IT Operation analytics Service Pack 4 is now available.
Sap IT announced the release of SAP ITOA or SAP IT Operational Analytics version 2.0 service pack 4 which is powered by HANA and will help customer to monitor their organizations growth.
Operational Analytics Market – Segmentation
Segmentation by Application Type: Service and Software.
Segmentation by Business Utility: Marketing, Sales, Finance, Human Resource, and Others.
Segmentation by Application: Predictive Asset Maintenance, Risk Management, Fraud Detection, Supply Chain Management, Workforce Management, Customer Management, Sales & Marketing Management, and others
Segmentation by Deployment Type: On-Premise and On-Cloud.
Segmentation by Vertical: Government, Healthcare, Financial Services, Retail, Manufacturing, Energy and utilities, Transportation and Logistics, and others
Segmentation by Region: North America, Europe, Asia Pacific and Rest of the world.
Operational Analytics Market – Regional Analysis
The regional analysis of Operational Analytics market is studied for North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate the market due to early adoption of emerging technologies such as big data analytics, advanced analytics, machine learning and others and also, high share of investments on research and developments of these technologies from well-established economies in the region such as U.S., Canada and Mexico. Majority of players providing operational analytics solutions are from U.S. regions contributing the growth of operational Analytics markets in the regions of North America.
Asia Pasic Region is expected to grow significantly due to rapid advancements in digitization and information technology in countries like China, India and Japan which leads to increasing adoption of technologies such as internet of things, machine to machine communication and big data analytics. So, the Asia Pacific region is expected to grow at highest CAGR in Operational Analytics market.
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List Of Figures
Figure 1 Research Process
Figure 2 Drivers Of Global Operational Analytics Market
Figure 3 Global Operational Analytics Market: By Application Type (%)
Figure 4 Global Operational Analytics Market: By Business Utility (%)
Figure 5 Global Operational Analytics Market: By Deployment (%)
Figure 6 Global Operational Analytics Market: By Vertical (%)
Figure 7 Global Operational Analytics Market Share By Region (2016 & 2022) (%)
Figure 8 North America Operational Analytics Market, By Application Type (%)
Figure 9 North America Operational Analytics Market, By Business Utility (%)
Figure 10 North America Operational Analytics Market, By Deployment (%)
Figure 11 North America Operational Analytics Market, By Vertical (%)
Figure 12 North America Operational Analytics Market Share By Country (2016 & 2022) (%)
Figure 13 Europe Operational Analytics Market, By Application Type (%)
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