Operational Intelligence Market Trends: Cloud Deployment Dominance and Asia-Pacific Growth

Posted under: Web technologies
Date: 2023-09-25
Operational Intelligence Market Trends: Cloud Deployment Dominance and Asia-Pacific Growth

The Operational Intelligence (OI) market is balanced for significant expansion, with projections indicating growth from USD 2.86 billion in 2023 to USD 5.05 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 12.04%. OI offers real-time business and IT analytics, streamlining data collection and analysis for real-time monitoring, troubleshooting, security enhancement, and compliance. Factors driving this growth include: The adoption of big data analytics. The Internet of Things (IoT). The need for quick, data-driven decision-making. However, challenges like a shortage of skilled professionals, data complexity, and high costs have emerged. Cloud deployment dominates the market, and the Asia-Pacific region is experiencing significant growth due to government digitization initiatives. Major players like Vitria Technology, Splunk, Starview, SAP, and Software AG are actively pursuing partnerships and innovations to gain a competitive edge.

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