Jul 03, 2020 (AmericaNewsHour) -- The Global Operational Analytics Market was valued at USD 4.76 billion in 2016 and is projected to reach USD 22.54 billion by 2025, growing at a CAGR of 18.86% from 2017 to 2025.
Operational analytics is another term for a type of business analytics which focuses on improving existing operations. This involves the use of various data mining and data aggregation tools to get more transparent information for business planning. Operational analytics helps the enterprises with several benefits including aEUR" provides powerful data modeling and predictive analytics, quicker deployment, faster results, effective allocation of capital and human resources, streamline operational processes, optimizes production and distribution channel, and real-time processing.
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1. Market Drivers
1.1 Rising adoption by small and medium businesses
1.2 Issues with management of data quality and security
1.3 Rising market and competitive intelligence
1.4 Increasing adoption of advanced data management strategies
1.5 Rapid data generation due to emergence of IoT-enabled technologies
1.6 Rising demand for process and operations optimization and control
2. Market Restraints
2.1 Lack of technical expertise
2.2 Complex analytical process
2.3 Rapid organizational change
The Global Operational Analytics Market is segmented on the Business Function, Component, Deployment Model, Application, vertical, and region.
1. Business Function:
1.1 Human Resources
1.2 Information Technology
2. By Component:
2.2.1 Managed services
2.2.2 Professional services
18.104.22.168 Support and maintenance services
22.214.171.124 Consulting services
3. By Deployment Mode:
4. By Application:
4.1 Workforce management
4.2 Predictive asset maintenance
4.3 Supply chain management
4.4 Sales and marketing management
4.5 Risk management
4.6 Customer management
4.7 Fraud detection
5. By Vertical:
5.1 Government and Defense
5.2 IT and Telecom
5.3 Banking, Financial Services, and Insurance (BFSI)
5.4 Transportation and Logistics
5.5 Retail and Consumer Goods
5.6 Energy and Utilities
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Microsoft Corporation
2. Hewlett-Packard Enterprise
3. IBM Corporation
4. SAP SE
5. Bentley Systems, Inc.
6. Splunk, Inc.
7. SAS Institute, Inc.
8. Cloudera, Inc.
9. Oracle Corporation
10. Alteryx, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Operational Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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