Global Operational Analytics Market to Reach US$61.5 Billion by 2030
The global market for Operational Analytics estimated at US$30.3 Billion in the year 2024, is expected to reach US$61.5 Billion by 2030, growing at a CAGR of 12.5% over the analysis period 2024-2030. Software, one of the segments analyzed in the report, is expected to record a 11.5% CAGR and reach US$43.7 Billion by the end of the analysis period. Growth in the Services segment is estimated at 15.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$8.2 Billion While China is Forecast to Grow at 11.5% CAGR
The Operational Analytics market in the U.S. is estimated at US$8.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2030 trailing a CAGR of 11.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.1% and 10.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.8% CAGR.
How Has Operational Analytics Transformed Decision-Making in Enterprises?
Operational analytics has become a vital tool for businesses seeking to optimize their operations and make data-driven decisions in real time. This technology enables organizations to analyze operational data from various sources, such as IoT devices, supply chain systems, customer interactions, and financial transactions, to gain actionable insights that improve efficiency, reduce costs, and enhance service delivery. By applying advanced analytics, machine learning, and artificial intelligence to operational data, companies can predict equipment failures, optimize resource allocation, streamline workflows, and better understand customer behavior. Operational analytics has proven particularly valuable in industries such as manufacturing, retail, healthcare, and logistics, where real-time visibility into operations is critical for maintaining competitiveness. The integration of operational analytics into enterprise systems, such as ERP and CRM platforms, allows businesses to automate decision-making processes, leading to faster response times and more agile operations.
What Trends Are Driving the Evolution of the Operational Analytics Market?
Several trends are driving the evolution of the operational analytics market, particularly the growing use of advanced technologies to improve data analysis and decision-making. One of the key trends is the rise of AI and machine learning in operational analytics. These technologies enable businesses to move beyond descriptive analytics (what happened) to predictive and prescriptive analytics (what will happen and how to respond), offering deeper insights into future operational challenges and opportunities. Another significant trend is the increasing importance of real-time analytics, as companies look to make decisions based on the most current data available. This is particularly relevant in industries like e-commerce, logistics, and manufacturing, where rapid decision-making can significantly impact performance. The adoption of IoT devices has also fueled the demand for operational analytics, as businesses seek to leverage the vast amounts of data generated by connected devices to optimize operations. Finally, the shift towards cloud-based analytics platforms is gaining momentum, providing organizations with scalable, flexible, and cost-effective solutions for managing and analyzing operational data.
How Is Technology Enhancing Operational Analytics?
Technology is playing a pivotal role in advancing the capabilities of operational analytics, making it more sophisticated and accessible to businesses of all sizes. The integration of AI and machine learning algorithms allows companies to automate data analysis processes and uncover patterns in large datasets that would be difficult to detect manually. These technologies enable predictive maintenance, dynamic pricing strategies, and optimization of supply chains by identifying potential disruptions before they occur. Cloud computing has made operational analytics more scalable and affordable, providing organizations with the infrastructure needed to store and analyze vast amounts of data in real-time. Edge computing is also emerging as a powerful tool, enabling real-time data processing at the source (e.g., IoT devices), which reduces latency and allows for faster decision-making. Data visualization tools are becoming more advanced, offering intuitive dashboards and reports that make complex operational data easier to interpret. Moreover, the integration of operational analytics with ERP, CRM, and supply chain management systems is streamlining workflows and ensuring that actionable insights are available across the organization.
What Is Driving the Growth in the Operational Analytics Market?
The growth in the operational analytics market is driven by several factors, including the increasing demand for data-driven decision-making and the growing complexity of modern business operations. The rise of IoT devices has significantly expanded the amount of operational data available to organizations, fueling the need for advanced analytics tools that can process and interpret this data in real time. The adoption of AI and machine learning is enhancing the predictive capabilities of operational analytics, allowing companies to anticipate and mitigate risks, optimize performance, and reduce downtime. The shift towards cloud-based analytics platforms is another key driver, as it enables businesses to scale their analytics capabilities without the need for significant upfront investments in infrastructure. Additionally, the competitive pressure to improve efficiency and reduce operational costs is prompting organizations across industries to invest in operational analytics solutions. The growing importance of customer experience is also driving demand for analytics that can provide insights into customer behavior and service delivery.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
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