Outlook of the global industrial operational intelligence solutions market

Technavio’s market analysis identifies operational intelligence is a key parameter for uplifting operational efficiency. The ability of operational intelligence to provide key industries with actionable insights into their key drivers across the entire value chain and between production sites is considered to one of the most important drivers impacting the market space. Also, the analytical applications and database technology platforms are progressing at exponential rates in areas such as in-memory technology, visual intelligence, and advanced and predictive analytics. These advantages of industrial operational intelligence solutions are expected to propel the growth of this market in the coming years. The global industrial operational intelligence solutions will grow steadily at a CAGR of above 12% by 2021.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The industrial operational intelligence solutions market in the Americas is expected to be driven by inbound investments across various industries. Few of the industries largely responsible for the growth of this market in the region are oil and gas industry, power industry, and automotive industry.

Competitive landscape and key vendors

The global industrial operational intelligence solutions market is slightly concentrated due to the presence of key players holding the majority of the market share. The vendors are primarily differentiated on the basis of the after-market services they offer. Vendor attractiveness in the global industrial operational intelligence solutions market is high, owing to the absence of substitutes in the market space.

Leading vendors in the market are –

• Dassault Systèmes
• Rockwell Automation
• Siemens
• Splunk
• Vitria

The other prominent vendors in the industrial operational intelligence solutions market include Axway, Bentley Systems, Feedzai, Guavus, Intelligent InSites, Kofax, IFS, Software AG, and SpaceTime Insight.

Segmentation by application and analysis of the industrial operational intelligence solutions market

• Supply chain and logistics
• Quality assurance and control
• Preventive maintenance
• Production optimization
• Smart meter analysis

During 2016, the supply chain and logistics segment dominated the industrial operational intelligence solutions market and accounted for a major part of the overall market share. The incorporation of OI solutions in the supply chain enhances the process and shortens the delivery time of the products. This incorporation also helps in reducing the inventory for a production unit, hence reducing the cost of storage of inventory.  These advantages are expected to influence the growth of this market in the coming years.

Segmentation by end-user and analysis of the industrial operational intelligence solutions market

• Discrete Industries
• Process Industries

In this market study, analysts have estimated the discrete industries to dominate the industrial operational intelligence solutions during the forecast period. The two major industries contributing to the growth of this segment are automotive and electronics and semiconductor fabrication. Discrete industries use hundreds of smart machines that incorporate tools and sensors that are interconnected to a company’s network and databases. This enables the supervisors to access live data, allowing them to use OI to improve the processes and efficiently achieve operational goals.  

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the industrial operational intelligence solutions market?
• What are the key market trends impacting the growth of the industrial operational intelligence solutions market?
• What are the challenges to market growth?
• Who are the key vendors in the industrial operational intelligence solutions market?
• What are the market opportunities and threats faced by the vendors in industrial operational intelligence solutions market?
• Trending factors influencing the market shares of the Americas, EMEA, and APAC.
• What are the key outcomes of the five forces analysis of the industrial operational intelligence solutions market?

Technavio also offers customization on reports based on specific client requirement.