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Industrial Operational Intelligence Solutions Market: Introduction

  • 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.
industrial operational intelligence solutions market size and forecast

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.

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.
industrial operational intelligence solutions market region analysis

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

In June 2020, Honeywell and SAP SE collaborated to design a cloud-based solution. This partnership will help to focus on building performance with integrated, and to combine operational and business data.

In July 2020, Deutsche Bank and Google Cloud entered into partnership to achieve the goal of redefining how the bank develops and offers financial services. This collaboration will lead Deutsche Bank to facilitate cloud transition and ride the engineering capabilities of Deutsche Bank and Google Cloud.

industrial operational intelligence solutions market size by competition landscape

Global Industrial Operational Intelligence Solutions Market: Research Scope

Global Industrial Operational Intelligence Solutions Market, by Type

  • Enterprise Manufacturing Operational Intelligence
  • Enterprise Operational Intelligence Software
  • IT Service Intelligence
  • Enterprise Security
  • Others

Global Industrial Operational Intelligence Solutions Market, by Application

  • Supply Chain and Logistics
  • Assembly Line Quality Assurance
  • Preventive Maintenance
  • Exploration & Production Optimization
  • Smart Meter Analysis

Global Industrial Operational Intelligence Solutions Market, by Deployment

  • On-premise
  • On Cloud

Global Industrial Operational Intelligence Solutions Market, by Services

  • Consulting
  • Training
  • Maintenance

Global Industrial Operational Intelligence Solutions Market, by Industry Verticals

  • Automobiles
  • Logistics
  • Electronics
  • Oil & Gas
  • Food & Beverages
  • Healthcare
  • Others

Global Industrial Operational Intelligence Solutions Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
  • South America
    • Brazil

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Industrial Operational Intelligence Solutions Market