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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Value chain analysis
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Market overview
- Supply chain and logistics
- Quality assurance and control
- Preventive maintenance
- Product optimization
- Smart meter analysis
PART 07: Market segmentation by end-user
- Market overview
- Discrete industries
- Process industries
PART 08: Geographical segmentation
- Market overview
- Industrial operational intelligence solutions market in Americas
- Industrial operational intelligence solutions market in EMEA
- Industrial operational intelligence solutions market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Market challenges
PART 11: Market trends
- Transition from operational intelligence to enterprise intelligence
- Role of IIoT and big data analytics
- Rise of Manufacturing Intelligence
PART 12: Vendor landscape
- Competitive analysis
- Other prominent vendors
PART 13: Key vendor analysis
- Dassault Systèmes
- Rockwell Automation
- Siemens
- Splunk
- Vitria
PART 14: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape