Press release
Streaming Analytics Market is Ready to Grow to US$ 111.11 Million by 2030 With a Projected CAGR of 27.0%
Streaming Analytics Market
Market Introduction:
Streaming analytics refers to the process of analyzing data continuously as it arrives in real-time, allowing for immediate insights and actions based on live data streams from various sources like IoT sensors, social media feeds, or financial transactions, rather than processing data in batches after it's been collected. It is usually about extracting valuable information as events happen, enabling rapid decision-making and response to dynamic situations. Streaming analytics collects data from various sources in real-time, it is able to analyze the data using continuous queries, also called event streams. It can detect and analyze patterns from many sources simultaneously, and it can also respond to events as they happen. They are generally used for customer experience, fraud detection, business operations, risk management, and system maintenance.
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Growth Drivers:
• The rise of digitalization and the adoption of new advanced technologies like big data, IoT, and AI will propel the streaming analytics market forward.
• The use of streaming analytics is anticipated to increase because of improved digitalization and greater adoption of Internet of Things (IoT) technologies in various global industries.
• The platforms that help businesses manage effectively drive the growth of the streaming analytics market throughout the forecast period.
• Analytical running is increasingly becoming popular in marketing, financial services, and operations, thereby enhancing market growth.
Key Players in Market :
• Adobe
• Altair
• Apache Software Foundation
• Axonize
• Conviva
• Crosser
• EsperTech
• IBM Corporation
• Impetus Technologies Inc.
• INTECO
• Materialize
• Microsoft Corporation
• Mphasis
• Oracle Corporation
• Quix
• SAP SE
• Software AG Inc.
• SQLstream
• StarTree
• Striim
• Tibco Software Inc.
• and WSO2.
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Regional Analysis :
Asia Pacific is projected to experience a higher CAGR in the global streaming analytics market. The rapid rise in revenue from smartphones and tablets, improved deployment of consumer IoT devices, and elevated disposable incomes in various economies are key contributors to the growth of the regional market.
Segmental Overview:
• The streaming analytics market is basically segmented based on component, deployment mode, application type, vertical, and region.
• The market for streaming analytics based on deployment type is segmented as on-premises and cloud.
• The cloud segment is projected to be the largest contributor in revenue share, as cloud analytics solutions allow users to execute low bandwidth transformations.
Streaming Analytics Market, Component Outlook (Revenue - USD Billion, 2018 - 2030)
• Software
• Services
• Professional Services
• Support and maintenance
• Deployment and integration
• Managed Services
Streaming Analytics Market, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
• Cloud
• Public Cloud
• Private Cloud
• Hybrid Cloud
• On-premises
Streaming Analytics Market, Application Type Outlook (Revenue - USD Billion, 2018 - 2030)
• Fraud Detection
• Sales and Marketing
• Predictive Asset Management
• Risk Management
• Network Management and Optimization
• Location Intelligence
• Supply Chain Management
• Others
Streaming Analytics Market, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
• BFSI
• Telecommunication and IT
• Retail and eCommerce
• Healthcare and Life Sciences
• Manufacturing
• Government
• Energy and Utilities
• Transportation and Logistics
• Media and Entertainment
• Others
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