Operational Intelligence Market Growth at 13% CAGR Forecast to 2019

Jul 22, 2015, 14:20 ET from ReportsnReports

DALLAS, July 22, 2015 /PRNewswire/ --

ReportsnReports.com adds Global Operational Intelligence Market 2015-2019 research report that describes the size of the OI market based on direct revenue, which is generated from the issue of new subscriptions, technical support and software maintenance.

Complete report on operational intelligence market spread across 59 pages, profiling 4 companies and supported with 13 data exhibits is now available at http://www.reportsnreports.com/reports/404579-global-operational-intelligence-market-2015-2019.html .

Increasing adoption of operational intelligence is a major trend in the financial services sector, as it helps acquire easy information on the financial performance of enterprises and industries. Growing demand for mobile tools is another major trend observed in the operational intelligence market. Therefore, companies are increasingly relying on third-party market intelligence providers to obtain insights into the financial operations of enterprises. Need to upgrade processes and improve performance and improve market responsiveness are the major growth drivers of operational intelligence market.

According to the report, operational intelligence market solutions automate the decision-making process, which eliminates process delays, improves decision making, and market responses. These solutions are strategically and tactically used by organizations to reduce operating costs, upgrade business processes, and enhance their performance. Organizations also gain competitive advantage through solutions because they transform the raw marketing and customer data into useful information and can outperform their competitors. The users are using a wide range of data to understand how customers receive their products and services. It helps companies create new growth opportunities and entirely new categories of products and services by analyzing data. Further, the report states that one of the major challenges in this market is the lack of skilled professionals as well as lack of knowledge about use of operational intelligence solutions.    

Flexeye, Splunk, Starview and Vitria Technology are the major operational intelligence market companies discussed in this research. Other prominent vendors simply mentioned in this report include Axway, Intelligent InSites, Kinaxis, OpsVeda (SAP), Oversight Systems, Rockshore, Space-Time Insight, SQLsteam, VisionWaves and XMPro. Order a copy of Global Operational Intelligence Market 2015-2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=404579 .

This operational intelligence market report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different deployment models, including cloud BI and on-premises BI. Additionally, analysts have segmented market projections by key geography, and also by end-users, focusing on manufacturing, retail, BFSI, telecom, healthcare, and oil and gas. The revenue generated includes only the revenue generated by the pure-players of operational intelligence tools.

The importance and popularity of mobile tools are growing in the market. Mobile information solutions that offer value other than the capability to track performance metrics are being introduced into the market. One of the major factors affecting the operational intelligence market is an increase in mobility in organizations. Though organizations are spreading across regional boundaries, workforce mobility has been increasing significantly. Also, organizations are providing work-from-home options to reduce their costs and enhance employee morale. This has resulted in an increasing number of employees working from remote locations. Mobile tools help employees in accessing the company's resources remotely using various communication devices. This helps in enabling employees to participate in projects even from remote locations.

ReportsnReports.com offers other relevant reports on the IT & Telecommunications market that are newly published and authored by industry experts from around the world:

Global Business Intelligence Market 2015-2019: Analysts forecast global business intelligence market to grow at a CAGR of 8.25% over the period 2014-2019. To calculate the market size, this business intelligence market research considers the revenue generated through software licenses and subscriptions, software implementation cost, technical support as well as maintenance and professional services. The report covers traditional BI, Mobile BI, Social BI and Cloud BI market segments based on technology, whereas Cloud BI and on-premises BI market segments are covered based on deployment mode. The report also presents vendor landscape and a corresponding detailed analysis of the five major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market. Major companies discussed include IBM, Microsoft, Oracle, SAP and SAS Institute. Other prominent players simply mentioned in this research are Actuate (OpenText), Alteryx, Board International, Brist, Datawatch, GoodData, Infor Global Solutions, Information Builders, Logi Analytics, MicroStrategy, Panorama Software, Pentaho, Prognoz, Pyramid Analytics, Qlik, Salient Management Company, Tableau, Targit, Tibco Software and Yellowfin. Read more at http://www.reportsnreports.com/reports/403368-global-business-intelligence-market-2015-2019.html .

Business Intelligence Platform Market by Deployment (Cloud, On-Premise), by Industry (Healthcare, Retail, Government, BFSI, Telecom & IT, Media & Entertainment, Education, Energy & Power, Manufacturing, Others) - Global Forecasts to 2019: Increase in data generation, affordability, low cost of data storage, increasing competition, need to take better business decisions, analytics, and mobile business intelligence-are some of the factors driving the adoption of business intelligence platforms. On the other hand, complexity of technology and lack of skilled workforce are some of the restraining factors hindering the growth of the business intelligence platform market. North America, Europe, and Asia-Pacific have the highest adoption and usage market of business intelligence platforms. The regions of Latin America and Middle East and Africa are gradually considering these business intelligence platforms, and in turn offer a lot of opportunities for the vendors in the business intelligence platform market. Companies like Microsoft Corporation, Oracle Corporation, SAP AG, IBM Corporation, Tibco Software, Inc., SAS Institute, Inc., Tableau Software, Inc., Micro Strategy Incorporated, QLIK Technologies Inc. and Pentaho Corporation are profiled in this research available at http://www.reportsnreports.com/reports/328789-business-intelligence-platform-market-by-deployment-cloud-on-premise-by-industry-healthcare-retail-government-bfsi-telecom-it-media-entertainment-education-energy-power-manufacturing-others-global-forecasts-to-2019.html .

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