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Operational Intelligence Market Projected to Hit USD 6.2 Billion at a 10.45% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, April 25, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Operational Intelligence Market By Type, by Application, by Vertical – Forecast till 2030”. The growth of the market can be attributed to the increasing demand for real-time data analytics to optimize business operations, reduce costs, and improve efficiency. The rise of internet of things (IoT) devices and the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies are also driving factors for the growth of the market.

Operational Intelligence Market Key Players

Some of the key players operating in the operational intelligence market include:

  • Splunk Inc.
  • IBM Corporation
  • SAP SE
  • Oracle Corporation
  • TIBCO Software Inc.
  • BMC Software Inc.
  • Flexera Software LLC
  • VMware Inc.
  • Micro Focus International plc
  • Hitachi Ltd.

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Report Scope:

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Report Metric Details
Revenue forecast in 2030 USD 6.2 Billion
Growth Rate CAGR of 10.45% from 2022 to 2030
Base Year 2021
Study Period 2022-2030
Key Market Opportunities Organizations playing a role in improving the efficiency of the operational activities and their productivity raises the opportunity of the market.
Key Market Drivers Organizations are investing much more in the unified solutions of the operational services along with the business services which helps in improving the handling power and decision-making power abilities of the services.

Challenges

However, the operational intelligence market faces several challenges, including the lack of skilled professionals to manage and maintain operational intelligence solutions, the high cost of implementation and integration of operational intelligence solutions, and the lack of interoperability between different operational intelligence solutions.

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Market Segmentation

The global operational intelligence market is segmented by type, application, deployment mode, organization size, and region. By type, the market is segmented into software and services. By application, the market is segmented into supply chain and logistics, customer experience management, asset management, workforce management, and others. By deployment mode, the market is segmented into cloud-based and on-premise. By organization size, the market is segmented into large enterprises and SMEs.

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Regional Analysis

The global operational intelligence market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the market during the forecast period due to the presence of several key players in the region and the increasing adoption of operational intelligence solutions by organizations to optimize their business operations.

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Industry Trends

One of the key trends in the operational intelligence market is the increasing use of AI and ML technologies to enhance the capabilities of operational intelligence solutions. Another trend is the integration of operational intelligence solutions with other IT infrastructure solutions such as security and cloud to provide comprehensive business management and optimization.

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Recent Developments and Opportunities

In recent years, several developments have been made in the operational intelligence market. For instance, in November 2022, Splunk Inc. announced the launch of its new operational intelligence solution, Splunk Observability Suite, which provides end-to-end visibility into IT infrastructure and application performance. Similarly, in September 2021, SAP SE announced the launch of its new operational intelligence solution, SAP Intelligent Asset Management, which uses AI and ML technologies to optimize asset performance and reduce maintenance costs.

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There are several opportunities in the operational intelligence market, including the increasing adoption of cloud-based operational intelligence solutions, the integration of operational intelligence solutions with other IT infrastructure solutions, and the development of operational intelligence solutions for SMEs.

In conclusion, the operational intelligence market is expected to grow at a significant rate in the coming years due to the increasing demand for real-time data analytics to optimize business operations and improve efficiency. However, the market also faces several challenges that need to be addressed. The integration of AI and ML technologies and the development of operational intelligence solutions for SMEs present significant opportunities for the growth of the market.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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