According to a recently published report by Research Nester on “Streaming Analytics Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global streaming analytics market in terms of market segmentation by component, by application, by organization size, by deployment, by vertical and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global streaming analytics market can be segmented on the basis of component, application, organization size, deployment, vertical and region. On the basis of deployment, it is sub-segmented into cloud and on-premise, out of which, cloud segment is anticipated to dominate the market in revenue terms on the back of ability to analyse the big data in a limited period of time. Cloud solution enables the enterprises to focus more on their core business strategies and helps in integrating data from various sources, which is expected to support the growth of the market. On the basis of vertical, it is sub-segmented into government and defence, BFSI, IT and telecommunication, healthcare, retail, education, energy & utilities and others, out of which, retail segment is expected to dominate the market owing to need for expanding the customer base for the business. Growing adoption of cloud-based technology is expected to influence the global streaming analytics market over the forecast period. Further, the market is segmented by component into software and service; by application into fraud detection, sales and marketing management, predictive asset maintenance, risk management, network management and optimization, location intelligence, operations management and others; by organization size into small and medium and large organization. The streaming analytics market is anticipated to record a CAGR of 35.6% over the forecast period i.e. 2019-2027.
Rising adoption of cloud-based technology among various end user industries is boosting the demand for streaming analytics solutions which in turn is expected to drive the growth of the market. Growing need for real time data analysis for better decision making is generating the requirement of streaming analytics. Easy handling, cost effectiveness and capability to support innovation and maintain customer group for the business is expected to influence the growth of global streaming analytics market over the forecast period.
By region, the global streaming analytics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is expected to dominate the market on the back of presence of major players of streaming analytics solutions in this region. Rising adoption of cloud-based technology in various end user industries is boosting the demand for streaming analytics solutions among various industries. Growing trend of automation and need for analyzing big data gathered from various platforms is expected to boost the growth of the market. Further, Asia Pacific is anticipated to have the robust growth rate on account of growing awareness about streaming analytics solutions among small and medium enterprise sector. Growing need for analytics solutions among various end user industries and rising adoption of internet of things (IoT) for improving operations of the business is estimated to support the growth of global streaming analytics market.
Growing use among various industries to expand the streaming analytics market
Growing need for real time data analysis is rising the adoption of streaming analytics solutions among various industries such as retail, education, IT and telecommunication and healthcare among others is expected to drive the growth of the market.
However, rising number of cyber-attacks is growing lack of data protection over cloud-based servers that is anticipated to hinder the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the global streaming analytics market which includes company profiling of key companies such as Microsoft Corporation, Apache Software Foundation, Data Torrent, SAP SE, Oracle Corporation, Informatica Corporation, Software Ag, Tibco Software, Impetus Technologies and SQLstream. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global streaming analytics market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.