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Global Operational Analytics to reach dollar 12 billion by 2022

By Unknown

Global Operational Analytics to reach a market size of $11.98 billion by 2022

Posted on December 21, 2016
According to a new report Global Operational Analytics market (2016-2022), published by KBV Research, the global Operational Analytics is expected to attain a market size of $11.98 billion by 2022, growing at a CAGR of 18.0% during the forecast period.
The major drivers driving the operational analytics market are voluminous amount of data gathered due to emergence of IoT-enabled devices, rapidly growing need for process & operational optimization & control, adoption of advanced data management strategies, and growing awareness about the need for market & competitive intelligence.
The operational analytics market is segmented into software and services. The services segment is expected to grow significantly with a notable CAGR during the forecast period. Among all the services, consulting services in the professional services segment would be the leading segment with substantial demand, largely due to the growing need for operational analytics software solutions across organizations.
Manufacturing was the most potential market with the largest market share in 2016 due to benefits such as to create a competitive advantage by improving the efficiency across the product life-cycle and providing a relationship between decision-making and return on Investment (ROI). The energy and utilities vertical would the leading vertical that would garner tremendous traction and would grow with the highest CAGR during the forecast period.  The growth can be attributed to factors such as increasing need to store and manage data coming from oil wells, utility grids, gas grids, smart grids, and other sensors.
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Operational Analytics have been discussed in the report along with the elaborated company profiles of IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., Google Inc., HP Enterprise Company, Oracle Corporation, SAP SE and SAS Institute Inc.
Full report: https://kbvresearch.com/reportDetail.php?content_id=global-operational-analytics-market–2016_2022–_-369-market-tables
Global Operational Analytics Segmentation
By Component Type
  • Solution
  • Services
    • Professional
      • Implementation
      • Consulting & Training
      • Support & Maintenance
    • Managed
By Function
  • IT Operations
  • Marketing
  • Finance
  • Human Resource
  • Sales
By Application
  • Predictive Asset Maintenance
  • Risk Management
  • Fraud Detection
  • Supply Chain Management
  • Customer Management
  • Workforce Management
  • Sales & Marketing Management
  • Others
By Deployment Type
  • Cloud
  • On-Premise
By Vertical
  • Manufacturing
  • Retail
  • Telecom & IT
  • Government & Defense
  • Energy & Utilities
  • Transportation & Logistics
  • Others


Read More http://techannouncer.com/global-operational-analytics-reach-market-size-11-98-billion-2022/

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