Streaming Analytics Market cover

Streaming Analytics Market by Applications (Network Management & Optimization, Location Intelligence, Supply Chain Management, Fraud Detection, Marketing & Sales, Risk Management, Predictive Asset Management, and Others), Deployments (Cloud-based and On-premise), Components (Services [Professional Services and Managed Services] and Software), End-users (Healthcare, Government, Media & Entertainment, Education, BFSI, IT & Telecom, Retail, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3566
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 6
  • No. Of Pages: 196
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The global streaming analytics market size was valued at USD 6.29 billion in 2020 and is anticipated to surpass a CAGR of 28.4% during the forecast period, 2021–2028. The growth of the market is attributed to the rising inclination of businesses towards effective and strong network management system. The adoption of streaming analytics enhances decision-making process, network optimization, service delivery process, and customer retention and interaction.

Streaming Analytics Market summary

Streaming analytics is generally referred to as event stream processing that allows to study enormous amounts of real-time data, which are required of continuous inquiries and management. Streaming analytics are assisting corporate innovation, customer retention, and data security. It offers functions such as preventative maintenance, smart transportation and retail, smart energy, industrial automation, and healthcare. As a result, adopting streaming analytics is producing considerable economic value of a business operation. To ensure a product's compliance with data privacy and security standards, streaming analytics solution providers are implementing sophisticated functionality such as data pseudonymization.

The COVID-19 outbreak has affected the global economy and caused a drastic change in the terms of customer behavior and business functioning. With the emergency shut of offices, manufacturing facilities, and educational institutions; businesses started implementing work from home policy and had increasingly looked for technologies to help them navigate these turbulent situations. Therefore, analytics firms are attempting to combat this epidemic by keeping their assets online and assuring data privacy and security across networks.

Market Trends, Drivers, Restraints, and Opportunities

  • Rapid progress in the Internet of Things (IoT) sensors and devices used in industrial and consumer applications is a key factor driving the market growth.
  • Growing awareness of streaming analytics among small and medium-sized businesses is propelling the market further.
  • Issues related to outdated architecture, lack of qualified labor, and high cost of deploying and integrating advanced analytics systems are key hurdles challenging the market growth.
  • Wide implementation of advanced technology of streaming analytics solutions especially in the cloud-based computing system and their benefits are expected to boost market growth.
  • Real-time suggestions, pattern identification, and anomaly detection are certain advantages associated with the use of streaming analytics solutions, which are projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global streaming analytics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Streaming Analytics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Network Management & Optimization, Location Intelligence, Supply Chain Management, Fraud Detection, Marketing & Sales, Risk Management, Predictive Asset Management, and Others), Deployments (Cloud-based and On-premise), Components (Services [Professional Services and Managed Services] and Software), End-users (Healthcare, Government, Media & Entertainment, Education, BFSI, IT & Telecom, Retail, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Microsoft Corp.; SAP SE; Striim, Inc.; Oracle Corporation; SAS Institute Inc.; SQLstream, Inc.; Software AG; TIBCO Software Inc.; IBM Corporation; and Informatica.

Market Segment Insights

Marketing & sales segment is expected to grow at a rapid pace

Based on applications, the streaming analytics market is divided into network management & optimization, location intelligence, supply chain management, marketing & sales, predictive asset management, risk management, fraud detection, and others. The marketing & sales segment is expected to grow at a rapid pace during the forecast period. The segment growth is attributed to the rising use of streaming analytics to provide improved customer engagement approaches. The analytics solution is widely applied in the marketing sector to extract benefits such as consumer profiling, campaign management, monitoring, and demographic analysis to improve on existing customer engagement policies. However, the risk management segment is anticipated to hold a key share of the market in the coming years owing to the growing use of streaming analytics for reducing, monitoring, forecasting, and regulating the likelihood or effect of improbable events.

Cloud-based segment is projected to emerge as a fast-growing category

In terms of deployments, the market is bifurcated into cloud and on-premise. The cloud-based segment is projected to emerge as a fast-growing category during the forecast period owing to low-latency data transformation capability. Moreover, the cloud-based streaming analytics solutions provide customers with easy access through a variety of devices such as laptops, smartphones, and desktop PCs. Additionally, the cloud deployment model provides certain advantages such as quick integration, reduced maintenance, enhanced operational flexibility, and minimal operational staff needs.

Streaming Analytics Market deployments

Software segment is projected to expand at a considerable CAGR

On the basis of components, the streaming analytics market is divided into service and software. The service segment is further classified as professional services and managed services. The software segment is projected to expand at a considerable CAGR during the forecast period due to the increased use of streaming analytics software by big multinational corporations as well as small and medium enterprises in developed countries. On the other hand, the service segment is anticipated to account for a major market share during the forecast period owing to rising demand for customized streaming analytics solutions and the increasing adoption of cloud-based streaming analytics solutions by startups globally.

IT & telecom segment to dominate the market

Based on end-users, the market is segregated into healthcare, government, media & entertainment, education, BFSI, IT & telecom, retail, and others. The IT & telecom segment is projecteed to dominate the market during the forecast period as businesses across several industries are focusing on customer-centric orientation and rising emphasis on supplying customized, feature-rich goods at competitive cost or through subscription models. However, the media & entertainment segment is expected to grow at a rapid pace owing to the growing customer desire for viewing multimedia content via OTT apps on smartphones and tablets.

North America is anticipated to constitute a key market share

In terms of regions, the streaming analytics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period. The regional market expansion is due to several factors including increased per capita income, presence of a tech-savvy population, and continuous use of innovative technologies for personal and corporate purposes. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the continual construction of high-speed wireless internet networks from various networking operators. Moreover, increasing investment from major economies of the region on strengthening legacy infrastructure and wide internet penetration to a large number of the population present another key aspects of the regional market growth.

Streaming Analytics Market region

Segments

Segments Covered in the Report

The global streaming analytics market has been segmented on the basis of

Applications

  • Network Management & Optimization
  • Location Intelligence
  • Supply Chain Management
  • Fraud Detection
  • Marketing & Sales
  • Risk Management
  • Predictive Asset Management
  • Others

Deployments

  • Cloud-based
  • On-premise

Components

  • Services
    • Professional Services
    • Managed Services
  • Software

End-users

  • Healthcare
  • Government
  • Media & Entertainment
  • Education
  • BFSI
  • IT & Telecom
  • Retail
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Microsoft Corp.
  • SAP SE
  • Striim, Inc.
  • Oracle Corporation
  • SAS Institute Inc.
  • SQLstream, Inc.
  • Software AG
  • TIBCO Software Inc.
  • IBM Corporation
  • Informatica

Competitive Landscape

Key players competing in the global streaming analytics market are Microsoft Corp.; SAP SE; Striim, Inc.; Oracle Corporation; SAS Institute Inc.; SQLstream, Inc.; Software AG; TIBCO Software Inc.; IBM Corporation; and Informatica. To develop creative solutions, several firms are purchasing or collaborating with developing technological start-ups. For instance, in 2019, Microsoft Corp. worked with Fastly, Inc. to build a new customer-facing solution for real-time analysis of high-volume click-stream data based on Azure Data Explorer (ADX).

Streaming Analytics Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. streaming analytics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. streaming analytics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. streaming analytics Market - Supply Chain
  4.5. Global streaming analytics Market Forecast
     4.5.1. streaming analytics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. streaming analytics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. streaming analytics Market Absolute $ Opportunity
5. Global streaming analytics Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. streaming analytics Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global streaming analytics Demand Share Forecast, 2019-2026
6. North America streaming analytics Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America streaming analytics Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America streaming analytics Demand Share Forecast, 2019-2026
7. Latin America streaming analytics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America streaming analytics Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America streaming analytics Demand Share Forecast, 2019-2026
8. Europe streaming analytics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe streaming analytics Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe streaming analytics Demand Share Forecast, 2019-2026
9. Asia Pacific streaming analytics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific streaming analytics Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific streaming analytics Demand Share Forecast, 2019-2026
10. Middle East & Africa streaming analytics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa streaming analytics Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa streaming analytics Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global streaming analytics Market: Market Share Analysis
  11.2. streaming analytics Distributors and Customers
  11.3. streaming analytics Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Microsoft Corp.
     11.4.2. SAP SE
     11.4.3. Striim, Inc.
     11.4.4. Oracle Corporation
     11.4.5. SAS Institute Inc.
     11.4.6. SQLstream, Inc.
     11.4.7. Software AG

Segments Covered in the Report

The global streaming analytics market has been segmented on the basis of

Applications

  • Network Management & Optimization
  • Location Intelligence
  • Supply Chain Management
  • Fraud Detection
  • Marketing & Sales
  • Risk Management
  • Predictive Asset Management
  • Others

Deployments

  • Cloud-based
  • On-premise

Components

  • Services
    • Professional Services
    • Managed Services
  • Software

End-users

  • Healthcare
  • Government
  • Media & Entertainment
  • Education
  • BFSI
  • IT & Telecom
  • Retail
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Microsoft Corp.
  • SAP SE
  • Striim, Inc.
  • Oracle Corporation
  • SAS Institute Inc.
  • SQLstream, Inc.
  • Software AG
  • TIBCO Software Inc.
  • IBM Corporation
  • Informatica

Key players competing in the global streaming analytics market are Microsoft Corp.; SAP SE; Striim, Inc.; Oracle Corporation; SAS Institute Inc.; SQLstream, Inc.; Software AG; TIBCO Software Inc.; IBM Corporation; and Informatica. To develop creative solutions, several firms are purchasing or collaborating with developing technological start-ups. For instance, in 2019, Microsoft Corp. worked with Fastly, Inc. to build a new customer-facing solution for real-time analysis of high-volume click-stream data based on Azure Data Explorer (ADX).

Streaming Analytics Market keyplayers

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