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According to a new report Asia Pacific Operational Analytics market, published by KBV Research, the Asia Pacific Operational Analytics is expected to grow at a CAGR of 20.0% during the forecast period. The APAC region would be the fastest growing region in the operational analytics market due to increasing adoption of Internet of Things (IoT) and smart technologies.
Various government initiatives such as smart cities across APAC countries including China and India are also actively contributed to the growth of the market in the APAC region. Managing data quality & security and lack of sufficiently skilled staff are the major threats to the market growth. Factors such as organizational change and complex analytical process would also restrict the market growth. The Solution market dominated the Asia Pacific Operational Analytics Market by Component in 2015, and is expected to witness a CAGR of 19.1% during (2016 - 2022).
The China market dominated the Asia Pacific Marketing Operational Analytics Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $229.8 million by 2022. The Japan market is expected to witness a CAGR of 19.3% during (2016 - 2022). Additionally, The India market is expected to witness a CAGR of 20.9% during (2016 - 2022).
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Asia-Pacific Operational Analytics have been discussed in the report along with the elaborated company profiles of IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., Google Inc., HP Enterprise Company, Oracle Corporation, SAP SE and SAS Institute Inc.