Streaming Analytics Market to Garner US$ 101.03 Bn by 2030 | 24.1% CAGR - Impact of COVID-19 Pandemic and Global Analysis by Business Market Insights

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.

Streaming analytics complements traditional analytics by providing real-time insight to the decision-making toolbox. It is also known as event stream processing, which automatically processes & analyzes large scale real-time information and in-motion data called event streams. The streams encompass events that occur as the result of an action or set of actions, such as a financial transaction, equipment failure, or some other actions. Streaming analytics is generating significant business value in preventative maintenance, smart transportation, retail, smart energy, industrial automation, and healthcare.

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

Streaming analytics, also known as real-time analytics or event stream processing, is the process of analyzing and processing data as it is generated, typically from sensors, devices, or other sources that produce data in real-time. Streaming analytics enables organizations to quickly analyze data and derive insights, which can be used to make real-time decisions and take immediate action.

Streaming analytics involves continuously collecting, processing, and analyzing large volumes of data in real-time. This requires specialized software and tools that can handle high volumes of data and perform real-time analysis, such as Apache Kafka, Apache Spark Streaming, and Apache Flink.

Streaming Analytics Market Segmentation:

Component
• Software
• Services
Deployment
• On Premise
• Cloud
Application:
• Sales and Marketing
• Management and Optimization
• Fraud Detection
• Asset Management
• Others
End User:
• BFSI
• IT and Telecom
• Healthcare
• Retail
• Media and Entertainment
• Others
Region
• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW)

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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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Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Streaming Analytics Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Streaming Analytics Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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