Streaming analytics Market Comprehensive Analysis and Future Estimations by 2030

The streaming analytics market crossed US$ 18.01 billion mark in 2022 and is expected to hit US$ 101.03 billion by 2030, recording a CAGR of 24.1% during the forecast period.

The rising adoption of internet of things (IoT) solutions across industry sectors and increased levels of digitalization are anticipated to drive upstream analytics demand. Enterprises of all sizes are increasingly using digital solutions in their daily operations to increase functionality, streamline the various procedures involved, and boost overall efficiency. The analysis of information obtained from streaming data has become more feasible thanks to ongoing advancements in emerging technologies, including the Internet of Things (IoT), big data, machine-to-machine (M2M) connectivity, and cloud technology.

Software for streaming analytics, which executes or updates findings every few seconds or milliseconds, is required to study data continuously. Enterprises may examine real-time data and generate numerous use cases for loT using frameworks and tools provided by AI and big data. In 2019, Siemens Digital Industries Software and SAS announced a partnership to create loT edge- and cloud-enabled solutions by leveraging SAS and open-source streaming analytics with Siemens's MindSphere. This partnership was made to offer users advanced and predictive analytics access within MindSphere, accelerating the adoption of Al and ML across IoT environments, thus improving operational risks and increasing business productivity.

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Companies Profiled in this report includes:
o Google LLC
o IBM Corporation
o Informatica Corporation
o Microsoft Corporation
o Oracle Corporation

In this report, the market has been segmented on the basis of:

• Component
o Software
o Services

• Deployment
o On Premise
o Cloud

• Application:
o Sales and Marketing
o Management and Optimization
o Fraud Detection
o Asset Management
o Others

• End User:
o BFSI
o IT and Telecom
o Healthcare
o Retail
o Media and Entertainment
o Others

• Region
o North America
o Europe
o Asia Pacific (APAC)
o Rest of the World (RoW)

Rising adoption of hybrid cloud streaming analytics is one of the major factors accelerating the streaming analytics market growth.
A cloud computing infrastructure known as a hybrid cloud combines both public and private clouds. Data deployment on a multi-cloud platform aids businesses in improving their data centers. The worldwide cloud analytics market is seeing a rise in the use of hybrid cloud analytics solutions due to several advantages, including agility, scalability, and cost-saving features. Businesses are embracing hybrid cloud because it lets them overcome challenges conventional IT environments present.
Recent strategic developments in streaming analytics market
The streaming analytics market has undergone several significant developments, and a few of these have been mentioned below:
• In December 2021, Datastream, a feature of Google Streaming Analytics, allows for minimally delayed, reliable data synchronization across various databases, storage systems, and applications, enabling real-time analytics, database replication, and event-driven architectures.
• In April 2021, Oracle Stream Analytics now took advantage of advanced correlation patterns, enrichment, and machine learning to manage and analyze massive amounts of real-time data. It offers real-time, actionable business insights from streaming data and automates processes to make organizations run more efficiently.

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The Streaming Analytics Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Streaming Analytics market growth.

The report offers in-depth assessment of the growth and other aspects of the Streaming Analytics market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

Streaming Analytics Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

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Major Key Points of Streaming Analytics Market
• Streaming Analytics Market Overview
• Streaming Analytics Market Competition
• Streaming Analytics Market, Revenue and Price Trend
• Streaming Analytics Market Analysis by Application
• Company Profiles and Key Figures in Streaming Analytics Market
• Market Dynamics
• Methodology and Data Source

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Streaming Analytics market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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This release was published on openPR.