Streaming Analytics Market is expected to grow at a CAGR of 20.8% from US$ 13.1 billion in 2022 to US$ 86.5 billion by 2032. The market for streaming analytics accounted for nearly 40% of the global data analytics market. Associations deliver massive amounts of information in a slew of configurations. Previously, associations were involved in capturing and storing information, which was then later used to remove experiences from the information stockroom.
Nowadays, organisations are realising the benefits of real-time data analytics and are increasingly incorporating streaming analytics into their operations.
Streaming analytics assist organisations in increasing revenue by increasing operational efficiency and reducing avoidable losses.
Streaming Analytics find their applications in real-time marketing and customer engagement, algorithmic trading, real-time patient monitoring system, intelligence and surveillance, supply chain optimization and procurement, oil & gas operations management, IT and network monitoring, real-time call center analysis, vehicle tracking and route monitoring, and other applications.
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Global Streaming Analytics Market: Drivers
Increasing need for advanced solutions to take real time decisions on dynamic business events is accelerating the deployment of streaming analytics in SMEs and large enterprises. In addition, growing adoption of internet of thing (IoT) across vertical is likely to expand demand for data streaming solutions which in turn is expected to fuel the growth of streaming analytics market across globe, during the forecast period.
Global Streaming Analytics Market: Restraints
Data security and privacy concerns, and low return on investment are some of the factors that are expected to hinder the growth of streaming analytics market to some extent.
Global Streaming Analytics Market: Competitive Landscape
The global streaming analytics market is expected to witness a considerable growth in CAGR during the forecast period from 2015 to 2025.Key players in the global streaming analytics market focus on introducing new products and services, collaborations and acquisition & mergers in order to enhance customer base and outperform competitors.
Global Streaming Analytics Market: Key Players
Some of the major players identified in the global streaming analytics market are IBM Corporation, Tibco Software Inc., Oracle Corporation, Microsoft Corporation, Vitria Technology Inc., Software AG, Informatica Corporation, SAP SE, SAS Institute Inc. and Sqlstream Incorporated etc.
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Regional analysis for Streaming Analytics Market includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Streaming Analytics Market
Global streaming analytics market is classified into vertical, service, enterprise and region.
Vertical wise, the global streaming analytics market is segmented into
- telecom sector
- media & entertainment sector
- healthcare sector
- public sector
- financial services
- insurance (BSFI)
- other sector
On the basis of service the global streaming market can be segmented into
- maintenance service
- consulting
- integration service
- small-medium enterprises (SMEs)
- large enterprise
Region wise, the global streaming analytics market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
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