The latest report on “Industrial Operational Intelligence Solution Market (Type – Enterprise Manufacturing Operational Intelligence, Enterprise Operational Intelligence Software, and Other Types; Deployment Type – Cloud-based Operational Intelligent Systems, Hybrid Operational Intelligent Systems, and On-premise Operational Intelligent Systems; End-use – IT and Telecommunication, Retail Industry, Travel and Financial Industry, Healthcare Industry, and Other End-uses): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global industrial operational intelligence solution market is projected to grow at a CAGR of 11.2% over the forecast period of 2019-2025.
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Industrial operational intelligence solutions provide companies with real-time business analytics solutions. It helps to improve the overall performance of the organizations. It is simple and easy to manage by skilled professionals. It helps to automate the decision-making process which eliminates delays in the process and improves market responses.
Increasing Adoption of Smart Manufacturing by the Automotive Industry Propels the Expansion of the Industrial Operational Intelligence Solution Market
The rising demand for accessing the business processes in the real-time and growing use of IoT in industries promotes increased productivity and efficiency will augment the growth of the industrial operational intelligence solution market. Moreover, an increasing number of internet users and data communication devices led to the expansion of the market. A study suggests that in 2017, there were around 3.9 billion internet users globally.
Further, the increasing adoption of smart manufacturing by the automotive industry propels the expansion of the industrial operational intelligence solution market. The industrial operational intelligence solution market is highly influenced by the rising number of technical innovations and digital transformation in various industries globally. In addition, the surge in the use of industrial operational intelligence solutions to improve business performance led the market growth. Industrial operational intelligence solutions make optimum use of resources and reduce delivery time. However, the high cost of industrial operational intelligence solutions hinders the growth of the industrial operational intelligence solution market. Moreover, the increasing amount of data in healthcare, automotive, and oil and gas industries creates numerous opportunities for the market in the coming years.
North America is Expected to Hold a Premium Share in the Global Industrial Operational Intelligence Solution Market
North America is expected to hold a premium share in the global industrial operational intelligence solution market owing to the rising adoption of operational intelligence tools and focus on overall process efficiency improvement. Europe is expected to grow with a healthy CAGR over the forecast period. The growth in Europe is attributed to the increasing adoption of operationally intelligence tools in improving overall process efficiency. Asia-Pacific region has fruitful opportunities in the global industrial operational intelligence solution market. Growing digitalization and surge in the number of internet users in the Asia-Pacific region led to the expansion of the industrial operational intelligence solution market in the Asia-Pacific region. It is estimated that in 2017 China had the biggest online population with 829 million users.
The report on the global industrial operational intelligence solution market covers segments such as type, deployment type, and end-use. On the basis of type, the sub-markets include enterprise manufacturing operational intelligence, enterprise operational intelligence software, and other types. On the basis of deployment type, the sub-markets include cloud-based operational intelligent systems, hybrid operational intelligent systems, and on-premise operational intelligent systems. On the basis of end-use, the sub-markets include IT and telecommunication, retail industry, travel and financial industry, healthcare industry, and other end-uses.
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The report provides profiles of the companies in the market such as Siemens AG, Bentley Systems, Inc., Feedzai Inc., Vitria Technology, Inc., Rockwell Automation, Inc., Apriso Corporation, Intelligent InSites, Inc., Kofax Inc., Guavus Inc., Starview Inc., and other companies.
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=> Comprehensive analysis of global as well as regional markets of the industrial operational intelligence solution.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.