Industrial Operational Intelligence Solutions Market

Industrial Operational Intelligence Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

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.