According to a new report, published by KBV research, The Global Operational Analytics Market size is expected to reach $26.4 billion by 2031, rising at a market growth of 13.7% CAGR during the forecast period.
The Software segment is registering a CAGR of 13.3 % during the forecast period. As businesses across sectors recognize the value of data-driven insights, demand has surged for robust software solutions that can manage vast amounts of operational data efficiently and accurately. Software tools tailored for operational analytics are becoming essential for optimizing processes, minimizing costs, and improving productivity.
The Information Technology (IT) segment captured the maximum revenue in the Global Operational Analytics Market by Business Function in 2023, thereby, achieving a market value of $8.0 billion by 2031. As businesses rely more on digital infrastructures, the demand for analytics to optimize IT resources, improve service uptime, and predict potential system failures has surged. Operational analytics helps IT departments proactively identify issues, reduce downtime, and optimize network performance, which is critical for maintaining efficient operations and preventing costly disruptions.
The Predictive Asset Maintenance segment is experiencing a CAGR of 12.4 % during the forecast period. Organizations can schedule maintenance proactively rather than reactively by using analytics to monitor equipment health and predict potential failures. This approach extends the lifespan of assets and helps avoid costly disruptions in production, which is particularly valuable in industries such as manufacturing, transportation, and energy.
The Cloud segment led the maximum revenue in the Global Operational Analytics Market by Deployment Model in 2023, thereby, achieving a market value of $16.1 billion by 2031. Cloud-based analytics enables organizations to access data and insights from anywhere, supporting remote and hybrid work models. This model eliminates the necessity for substantial upfront infrastructure investments, enabling companies to adjust the allocation of resources as necessary and only pay for the resources they consume.
The Telecommunication segment is growing at a CAGR of 11.3 % during the forecast period. Telecom companies manage vast amounts of data traffic and must maintain seamless service quality, making operational analytics essential for monitoring network health, predicting issues, and reducing downtime. Analytics enables telecom providers to personalize customer interactions, enhance service reliability, and reduce churn rates.
Full Report: https://www.kbvresearch.com/operational-analytics-market/
The North America region dominated the Global Operational Analytics Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8.9 billion by 2031. The Asia Pacific region is anticipated to grow at a CAGR of 14.5% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 13.3% during (2024 - 2031).
By Type
By Business Function
By Application
By Deployment Model
By Industry Vertical
By Geography
Unique Offerings 
