The global operational intelligence market was valued at USD 1 billion in 2016 and is expected to surpass USD 3 billion by 2021, says Technavio.
Technavio has announced the launch of its market research report on the global OI market, under its enterprise application portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Flexeye, OpenText, Splunk, and Vitria Technology.
According to Ishmeet Kaur, a lead analyst for enterprise application research at Technavio, “Increasing need for real-time decision-making is driving the market growth. OI offers integrated, flexible, and real-time decision-making support to the top management in an organization. It improves responsiveness across an organization.”
OI also provides better analysis and planning capabilities, enabling efficient management of business data. The enterprises can complete real-time data analysis along with real-time transaction processing, which allows them to be considered as real-time enterprises.
Click here to request a free sample of this report
Integration with social media
One of the major trends gaining traction in the market is the integration of OI with social media. With the advent of social media, organizations can share a detailed description of their products and services to reach potential customers across the world. Several large organizations and SMEs are adopting this technology to integrate and upgrade software to obtain the best ROI from social media platforms.
Accessibility of OI solutions through mobile applications
Consumers are increasingly adopting smart devices, such as smartphones and tablets. Besides this, organizations are offering work-from-home options to enhance employee mobility resulting in an increase in the number of employees working from remote locations. The growing adoption of smart devices is leading few vendors to launch mobile OI applications that enable users to access high-quality services on the move. The increased use of smart devices is expected to have a significant impact on the growth of the global OI market during the forecast period.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global OI Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
