Soaring Demand Set to Propel Streaming Analytics Market to $112.36 Billion by 2029

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What Is the Expected CAGR for the Streaming Analytics Market Through 2025?
The market size of streaming analytics has experienced exponential growth in past years. It's projected to rise from $27.66 billion in 2024 to $35.42 billion in 2025, with a compound annual growth rate (CAGR) of 28.1%. The increase during the historical period can be credited to factors like real-time data processing, an upsurge in data volumes, the need for actionable insights, proliferation of IoT devices and widespread adoption of advanced analytics.

What's the Projected Size of the Global Streaming Analytics Market by 2029?
We anticipate a significant expansion in the streaming analytics market in the forthcoming years, with its worth expected to reach $112.36 billion by 2029. This corresponds to a compound annual growth rate (CAGR) of 33.5%. Factors driving this growth during the predicted timeframe include the integration of edge computing, the utilization of AI and machine learning in streaming analytics, the development of cloud-native streaming platforms, the roll-out of 5G networks, and the necessity for cybersecurity. Noteworthy trends to look out for in this period feature event-driven architecture, the convergence of streaming analytics with business intelligence, the adoption of multi-cloud deployment models, concentration on anomaly detection, and the use of streaming analytics to enhance customer experiences.

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Top Growth Drivers in the Streaming Analytics Industry: What's Accelerating the Market?
The escalating utilization of cloud technology is anticipated to fuel the expansion of the streaming analytics market in the future. Fundamentally, cloud technology provides computing services remotely via the internet, and enables users access to storage, files, software, and servers from their devices connected to the internet. This technology enhances the streaming analytics market by offering a scalable and efficient infrastructure capable of processing and analyzing significant amounts of data in real-time. For example, as reported in September 2022 by the US digital transformation service provider, AAG IT Support Service, a study comprising of 753 global technical and business professionals spotlighted that 63% of participants claimed high usage of cloud services in 2022, a jump from 59% in 2021. Consequently, the increased use of cloud technology is catalyzing the expansion of the streaming analytics market.

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What Trends Will Shape the Streaming Analytics Market Through 2029 and Beyond?
Technology progression is a prevalent trend picking up traction in the streaming analytics industry. Significant firms engaged in this sector are concentrating on inventing new tech-driven solutions to solidify their standing. To exemplify, in October 2024, Parrot Analytics, a firm specializing in data analysis software based in the United States, introduced Streaming Metrics. This tool is a comprehensive solution devised to deliver insights into the financial performance of streaming platforms. It takes into account audience demand, the range of content available, and the readiness to spend, yielding unique observations on subscriber preferences and the elements that shape them.

What Are the Main Segments in the Streaming Analytics Market?
The streaming analytics market covered in this report is segmented -

1) By Component: Software, Service
2) By Deployment Mode: On-Premise, Cloud
3) By Organization size: Large Enterprises, Small And Medium Sized Enterprises

Subsegments:
1) By Software: Real-Time Data Processing Software, Data Integration Software, Analytics And Visualization Software
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services

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Which Top Companies are Driving Growth in the Streaming Analytics Market?
Major companies operating in the streaming analytics market include Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, TIBCO Software Inc., Software AG, Striim Inc., Impetus Technologies Inc., SAS Institute Inc., Informatica Inc., Guavus Inc., Google LLC, Cloudera Inc., Conviva Inc., Intel Corporation, SQLstream Inc., Teradata Corporation, Iguazio Ltd., Axonize Ltd., Adobe Inc., Altair Engineering Inc., Mphasis Limited, INTECO Group, WSO2 Inc., EsperTech Inc., Materialize Inc., StarTree Inc., Crosser Technologies AB, Quix Inc., Lenses. io Ltd.

Which Regions Will Dominate the Streaming Analytics Market Through 2029?
North America was the largest region in the streaming analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the streaming analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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