Operational Analytics Market Leading Players, Regional Analysis, and Global Industry Forecast | Impact of COVID-19
Overview:
The global understanding of the operational analytics market reveals that the market is getting driven mostly by data-based decision making methods. The latter is known for its ability to provide real-time data, which simplifies the process of finding better insights, and prepares grounds to develop strategies that would back companies in a time of crisis. Market Research Future (MRFR) estimated that this growth would be substantial during the forecast period covering 2018 to 2023 and reach 15% CAGR. The proper utilization of this method is expected to reduce various costs, which might be alluring for companies.
Regional Analysis:
North America would gain from countries like the US and Canada who are providing remarkable infrastructure for the market and backing it up with a high influx of investment. Technological integration is also easy in the region, which ensures better growth for the market.
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Industry News:
In August 2020, MemSQL announced that they are planning to make their collaboration with Amazon Web Services (AWS) stronger by joining the AWS ISV Workload Migration Program (WMP). MemSQL’s architecture is designed in such a way that its cloud-based database for operational analytics and the cloud-native app can benefit from the power of AWS services like Apache Kafka and Amazon SageMaker. Their latest version can profit from Amazon Elastic Cloud Computing (Amazon EC2) and Amazon Simple Storage Service (Amazon S3), which would help the company with full extensibility for real-time operational analytics. This technology upgrade reflects that MemSQL can be optimized to back projects using artificial intelligence, streaming data, and machine learning (ML).
In August 2020, Perforce’s Akana, a multi-cloud, full lifecycle API management solution that has been developed for monitoring, designing, securing, managing, implementing, and publishing APIs, released the new version of API management platform Akana 2020.1.0. This new release suggests that Akana has already improved its strong business and operational analytics capabilities by allowing increased visibility for API Product Managers that will help understand API usage metrics across the enterprise.
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