Global Operational Analytics Market
Operational Analytics Market Size And Forecast
According to Verified Market Research, The Global Operational Analytics Market was valued at USD 7.92 billion in 2019 and is projected to reach USD 28.74 billion by 2027, growing at a CAGR of 18.86% from 2020 to 2027.
Factors Influencing the Global Operational Analytics Market
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors that are driving the growth of the market include Data Explosion Due to Emergence of IoT-Enabled Technologies and Big Data and Internet of Things impacting business modeling. The term Internet of Things (IoT) describes an emerging technology paradigm in which sensors, machines, and other smart devices create and then disseminate data.
Operational Analytics market Competitive Landscape
Some of the major players involved in the Global Operational Analytics Market are IBM, Microsoft Corporation, Cisco Systems, HP Enterprise Company, Google Inc. Oracle Corporation, SAP SE and SAS Institute Inc.
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