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Global Streaming Analytics Market Research Report – Segmented By Component (Software, Services), By Deployment (Cloud And On-Premise), By Application (Fraud Detection, Marketing And Sales, Risk Management, Predictive Asset Management, Network Optimization And Management, Location Intelligence, Supply Chain Management), By End Use (BFSI, IT and Telecom, Retail, Healthcare, Government, Media and Entertainment, Education, and Others), and Regional Analysis and Forecasts, 2022 to 2027

Published: March, 2023
ID: 8710
Pages: 150
Formats: report pdf report excel report power bi report ppt

Streaming Analytics Market Size & Growth (2022 - 2027):

The global streaming analytics market was estimated to be $10.38 billion in 2020 and is expected to post a compound annual rate of 29.9% between 2021 and 2026.

The affordable, fully managed processing engine that can efficiently process events in real-time is known as streaming analysis. The engine makes it easy to unlock detailed information from the information. In addition to configuring analytical calculations (in real-time), it also offers transmission from sites, applications and more. Streaming analytics is capable enough to handle large events. Ease of use, low cost, fast recovery, necessary data and connectivity are some of the benefits of streaming analytics.

Different organizations around the world produce a large amount of data that is not organized. In recent years, organizations have realized the benefits of using real-time data analysis and have, therefore started to use continuous analysis techniques in their operations. By using pass-through analysis, organizations have begun to generate more revenue by reducing avoidable losses and increasing operational efficiency. Applications in which transmission analysis is used include algorithmic trading, intelligence and monitoring, vehicle tracking and route monitoring, customer engagement, real-time patient monitoring system, supply chain and supply chain optimization, network and IT control, real-time call center analysis, management of oil and gas operations, etc.

Recent developments:

  • In 2018, Oracle Corporation acquired DataFox, a San Francisco-based artificial intelligence engine developer and a business-to-business provider of business intelligence. The acquisition enabled the first to integrate the DataFox AI data engine into its cloud applications to analyze insightful and dynamic data at the enterprise level in order to obtain information for smarter decision-making.
  • In 2019, Microsoft Corporation partnered with Fastly, Inc. to develop a new client-oriented solution based on Azure Data Explorer (ADX) for real-time analysis of high-volume click-stream data.

Market growth and trends:

The key factor that accelerates streaming analytics market growth is the need to find advanced solutions to make real-time decisions on business events that mobilize large companies and SMEs to implement transmission analytics. There is a surge in the adoption of IoT in different verticals, which in turn increases the demand for data transmission solutions. Therefore, the streaming analytics market is growing worldwide. At the same time, some factors are hampering the growth of the streaming analytics market, including the lack of data security and confidentiality, and low returns on investment are hampering the market growth.

Market Drivers and Restraints:

Rapid developments in the implementation of Internet of Things (IoT) sensors and devices used in consumer and industrial applications have facilitated the emergence of analytical streaming solutions with improved processing performance. This is credited to the ability of advanced IoT sensors and devices to collect large volumes of rice performance and operational data. Increased business demand for this data to improve their decision-making process, service delivery process, network optimization and customer interaction and retention, among others, is likely to lead to the adoption of advanced solutions of transmission analysis in the near future. Companies are also adopting transmission analysis solutions to create new business channels and improve the customer experience. As a result, streaming analytics has seen growing interest in areas such as marketing, finance and operations.

The main challenges affecting the market include the existing architecture, the lack of experienced human resources and the high cost of implementing and integrating advanced analytical solutions. Data security concerns and strict data security regulations like the General Data Protection Regulation (GDPR) in Europe also have a negative impact on market growth to some extent. Furthermore, a lack of knowledge of streaming analytics solutions and their benefits can also have a negative effect on market growth. However, with an increased propensity for digital transformation, the effect of the above factors should decrease in the coming years.

STREAMING ANALYTICS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

29.9%

Segments Covered

By Component Summary, Imolementation Information, Application Summary, End-use Information, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

IBM, Informatica, Microsoft, SAP SE, Striim, Inc., Oracle, SAS Institute Inc., SQLstream, Inc., Software AG and TIBCO Software Inc and Others.

 

 

Streaming Analytics Market Market segmentation:

Streaming Analytics Market By Component Summary:

Depending on the components, the market was segmented in software and services. The software segment dominated the global streaming analytics market in 2018 and is also expected to become the fastest-growing during the forecast period. The increasing adoption of transmission analysis software by large multinational corporations (CMNs) as well as small and medium-sized enterprises (SMEs) in the developed economies of North America, Europe and Asia-Pacific is supposed to spur the growth of the segment in comparison with the forecasts for the period.

Streaming Analytics Market By Implementation Information:

Depending on the implementation, the market was segmented into on-premise and cloud. The cloud segment dominated the global streaming analytics market in 2018 and is also assumed to become the fastest-growing segment during the forecast period. Streaming analytics solutions offered through the SaaS (Software as a Service) model enable companies to switch to a subscription-based service model. Cloud-based streaming analytics solutions also provide users with low-latency data transformation.

Streaming Analytics Market By Application Summary:

Depending on the application, the market has been segmented into fraud detection, marketing and sales, risk management, predictive asset management, network optimization and management, location intelligence, supply chain management, etc. The marketing and sales segment dominated the business in 2018. This can be attributed to the increasing use of transmission analytics to deliver superior customer engagement through techniques such as customer profiling, campaign management, demographic monitoring and analysis to improvise on existing customer participation policies. Continuous analytics solutions are also increasingly used by companies to better identify target audiences, their preferences, and learn more about customer behavior and other information.

Streaming Analytics Market By End-use information:

Based on end-use, the global streaming analytics market was divided into BFSI, IT and telecom, retail, healthcare, government, media and entertainment, education, and others. The information and telecommunications technology segment dominated the market in 2018 due to the customer-centric approach to these sectors and its growing focus on offering personalized and feature-rich products at competitive prices or through subscription models. IT and telecom companies use continuous analytics to analyze large amounts of operational data to serve the consumer better. This includes customer location, application usage statistics, and other performance data to improve service delivery and customization.

Regional overview:

The North American streaming analytics market dominated the global business in 2018. North America is home to several large transmission analysis solution providers such as Microsoft Corporation, Oracle Corporation and IBM Corporation.

The Asia Pacific is expected to become the fastest-growing regional market for streaming analytics during the outlook period. The increase in sales of smartphones and tablets, the increasing adoption of IoT devices for consumers and the increase in disposable income in economies such as China, India and Japan have become the main drivers of growth in the regional market.

Key players in the market:

The main industry players operating in the global streaming analytics market are IBM, Informatica, Microsoft, SAP SE, Striim, Inc., Oracle, SAS Institute Inc., SQLstream, Inc., Software AG and TIBCO Software Inc. These market players are working in development New capabilities for data integration and high event flow analytics to improve the reach of business applications. In addition, some companies acquire or partner with emerging technology start-ups.

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