The Inkwood Research estimates that Operational Intelligence market in the Asia Pacific will evolve at a CAGR of 13.95% during the predicted period of 2019-2027. The market is projected to account for revenue of $XX million by 2027 as against the revenue of $XX million generated in 2018. In the Asia Pacific region, the generation of an enormous amount of data in industries of the emerging economies elevates the adoption rate of operational intelligence technology, eventually boosting the market growth.
The Asia Pacific operational intelligence market includes countries, namely South Korea, Japan, India, Australia, and China. The report also analyzed the Rest of Asia Pacific regional segment that comprises of remaining APAC countries. The operational intelligence market in India is growing owing to the favorable government policies and established IT service sector in the country. The Indian government support digital infrastructure and data analytics in the country, thereby aiding the growth of operational intelligence market. Also, the promotion of research & development projects in big data analytics is further boosting the market growth of operational intelligence.
Vitria Technology Inc., Splunk Inc., Turnberry Solutions, and Software AG, among others, are few of the companies in the operational intelligence market. The high cost associated with the deployment of operational intelligence is posing as a restraint for the market growth. Although, the dominant players consolidate the market, many new companies are entering the market due to rising demand.