About Industrial Operational Intelligence Solution
Operational intelligence may be an assortment of business analytics systems designed to help decision-making in period of time. OI gathers varied information feeds that represent in progress business operations and connected external factors, then analyzes and digests these feeds because the information arrives.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.04% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Industrial Operational Intelligence Solution market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apriso Corporation (United States), Dassault Systèmes (France), Rockwell Automation, Inc. (United States), Siemens AG (Germany), Splunk Inc. (United States), Vitria Technology, Inc. (United States), Bentley Systems, Inc. (United States), Feedzai Inc. (United States), Guavus Inc. (United States) and SAP SE (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are PTC (United States), Kofax Inc. (United States) and Intelligent InSites (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Operational Intelligence Solution market by Type (Enterprise Manufacturing Operational Intelligence, Enterprise Operational Intelligence Software, Enterprise Security and Others), Application (Supply Chain And Logistics, Assembly Line Quality Assurance, Preventive Maintenance, Exploration & Production Optimization, Smart Meter Analysis and Others) and Region.
On the basis of geography, the market of Industrial Operational Intelligence Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Oil and Gas Industry will boost the Industrial Operational Intelligence Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development in Product and Addition of Tools for Financial Performance of Industries and Enterprises
Market Growth Drivers:
Growth In Demand for Accessing the Business Processes and Operate from The Mobile Location Hence Reducing the Operational Time
Challenges:
Requirement of the Skilled Workforce
Restraints:
High costs of Industrial Operational Intelligence Solutions
Opportunities:
Rise in Demand of Efficient and Automated Infrastructure in Healthcare, Oil & Gas Industries and Rapidly Increasing Automobile Industries and Their Need to Reduce the Delays in Decision Making
Market Leaders and their expansionary development strategies
In September 2023, MiCiM’s Managing Director Marc Beattie said, “It is extremely exciting times for MiCiM, with the acquisition of OI, it fulfils a requirement which I always thought was missing in the industry – intertwining of blue collar engineers to white collar engineers. It will enhance the services of both companies and provide clients with services all through the project lifecycle. MiCiM would then have ownership of project management, buildability, design peer review, commissionability review, commissioning agent and training of the operations team in the new systems.
In October 2023, The EY organization and IBM announced the launch of EY.ai Workforce, an innovative HR solution that helps enable organizations to integrate artificial intelligence (AI) into their key HR business processes. This marks a pivotal next step in the collaboration between the companies and a significant milestone in the role of AI increasing productivity within the HR function.
Key Target Audience
Industrial Operational Intelligence Solution Provider, Software Developer, Research Institutes, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.