- Industrial operational intelligence solutions offer business analytics solutions, which helps an organization to improve the performance of the business and provides real time business solutions by analyzing the information related to shortfalls and find easy ways to respond to the issues. Industrial operational intelligence solutions also help to eliminate delays in the process and improves market responses and decision making. Major trend of using industrial operational intelligence solutions is seen in the financial services sector as it helps to acquire information on financial performance of industries and enterprises.
- The COVID-19 outbreak has accelerated the adoption of industrial operational intelligence solutions, as it is essential for organizations to acquire digitally enabled solutions to facilitate the performance of operations effortlessly while working remotely. Thus, demand for industrial operational intelligence solutions has increased.
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Global Industrial Operational Intelligence Solutions Market: Dynamics
Global Industrial Operational Intelligence Solutions Market: Key Drivers
- Focus of organizations to boost market responses and performance in addition to the necessity to upgrade the processes are the main driving factors of the industrial operational intelligence solutions market. Factors such as reducing delays in decision making, automatic designs, and real time information in automobile and manufacturing industries is projected to bolster the global industrial operational intelligence solutions market.
- Rising demand to retrieve business processes in real time, to drive from the mobile location, and reduce time and cost, drives the market growth. Moreover, rise in amount of information in automotive, healthcare, and oil & gas industries is expected to offer growth opportunities to the market.
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North America to Account for Major Share of the Global Industrial Operational Intelligence Solutions Market
- In terms of region, the global industrial operational intelligence solutions market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- The industrial operational intelligence solutions market in North America is projected to hold the major share, owing its services and flourishing industries such as automobile and manufacturing, mainly in the US and Canada.
- APAC is the second major shareholder in the global industrial operational intelligence solutions market due to growing sectors such as food & beverages, electronics, and logistics. India and China are witnessing key applications of industrial operational intelligence solutions in medical diagnosis, electronic trading platforms, robot control, and remote sensing. Europe, because of its leadership in the meat and automobile industry, contributes considerably to the global industrial operational intelligence solutions market.
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Global Industrial Operational Intelligence Solutions Market: Competitive Landscape
Key Players Operating in the Global Industrial Operational Intelligence Solutions Market:
- Kofax Inc.
- Bentley Systems, Inc.
- Dassault Systems, Inc.
- Intelligent InSites
- Space Time Insight
- IFS
- Feedzai Inc.
- Siemens AG
- Splunk Inc.
- Rockwell Automation, Inc.
- Vitria Technology, Inc.
- Guavus Inc.
- Deutsche Bank
- Honeywell
- SAP SE
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