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Increased Usage Of Cloud Technology Fuels Growth In The Streaming Analytics Market: Transformative Forces Shaping the Streaming Analytics Market Landscape in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Streaming Analytics Industry Market Size Be by 2025?
In recent times, there has been a phenomenal growth in the streaming analytics market, escalating from $27.66 billion in 2024 to an impressive $35.17 billion by 2025. This signifies a compound annual growth rate (CAGR) of 27.2%. Factors attributing to this substantial increase during the historic phase include the processing of real-time data, an upsurge in data volumes, the requirement for actionable insights, the proliferation of IoT devices, and the adoption of advanced analytics.
What's the Long-Term Growth Forecast for the Streaming Analytics Market Size Through 2029?
The dimension of the streaming analytics market is projected to experience a substantial expansion in the forthcoming years, potentially reaching $110.14 billion by 2029, with a CAGR of 33.0%. The surge in predictions can be associated with the incorporation of edge computing, AI and machine learning in streaming analytics, the proliferation of cloud-native streaming platforms, the broadening of 5G networks, and solutions to cybersecurity threats. During the forecast period, notable trends are anticipated to emerge, such as event-driven architecture, the convergence of streaming analytics and business intelligence, the adoption of multi-cloud deployment models, emphasis on anomaly detection, and the use of streaming analytics to enhance the customer experience.
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What Are the Key Growth Drivers Fueling the Streaming Analytics Market Expansion?
The rise in cloud technology usage is predicted to spur the expansion of the streaming analytics market. Essentially, cloud technology, also known as cloud computing, is a technique that transfers computing services over the internet, enabling users with internet-enabled devices to access storage, files, software, and servers. This technology enhances the streaming analytics market by offering a scalable and effective infrastructure for processing and analyzing hefty volumes of data promptly. For instance, reports from the AAG IT Support Service, a US digital transformation service provider, in September 2022, disclosed that a global survey of 753 technical and business professionals showed that 63% of participants heavily used cloud services in 2022, a surge from 59% in 2021. Thus, the rising use of cloud technology is fueling the streaming analytics market's expansion.
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What Are the Key Trends Driving Streaming Analytics Market Growth?
Progress in technology is a prevalent trend that is being increasingly observed in the streaming analytics market. Many leading companies in this sector are pouring their efforts into creating innovative technological solutions to solidify their market status. For example, in October 2024, Parrot Analytics, an American company specializing in data analysis software, introduced Streaming Metrics. This all-inclusive tool was developed to offer analysis of the financial success of streaming services. Drawing from a vast understanding of audience demand, the diversity in content offerings and the customer's readiness to spend, the tool provides a unique perspective on subscriber behaviors and the driving forces behind them.
How Is the Streaming Analytics Market Segmented?
The streaming analyticsmarket 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 Companies Are Leading the Charge in Streaming Analytics Market Innovation?
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 Are Leading the Global Streaming Analytics Market in Revenue?
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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