Industrial Operational Intelligence Solutions Market Size

Operational Intelligence Market size was over USD 2.88 billion in 2023 and is anticipated to reach USD 12.28 billion by the end of 2036, growing at around 11.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of operational intelligence is assessed at USD 3.15 billion.

Businesses today face a peculiar challenge, i.e., to understand the behavior of the customers through processing the data, that is infinitely pouring in from every electronic device with an internet connection, so as to remain sustainable, while the uncertainties such as COVID-19, lurks behind the shadows. So, the need for OI solutions/products have grown over the years to deliver smart and effective decisions with optimum resource utilization, reduction in delivery times and thus improve the overall performance of the organizations. The market for BAM – business activity monitoring, CEP – complex event processing, BPM – business process management, and others, which are integrated into the industry operational intelligence solutions, are the tools that companies are willing to buy to handle their businesses effectively. Such factors are promoting the growth of the global operational intelligence market.