GMI Research’s recent analysis, global streaming analytics market, forecast to 2027, examines the trends in this market and how they are evolving across the globe. The rising demand for advanced solutions for capturing real-time events to make real-time decisions, increasing implementation of developing technologies such as Big Data and IoT are factors driving the growth of the streaming analytics market.
Introduction of the Streaming Analytics Market:
Streaming analytics enables the organization to capture real-time computation on data streaming from any kind of device, text, application, sensors, website, video, audio, and others. Organizations are producing a multitude of data constantly, in order to detect fraud detection in real-time and enhance operational efficiency, streaming analytics is used. Streaming analytics can handle high event throughputs up to 1 GB/sec and can prevent data loss through in-built features.
Streaming Analytics Market Dynamics
The significant factors contributing to the growth of the streaming analytics market size include the rising demand for advance solution for capturing real-time events to make real-time decisions and the increasing development of technologies such as Big Data, AI, and IoT. For example, Oracle acquired Datafox, an AI specialized company that provided an AI-based engine to locate and find the latest information. Furthermore, digitalization has improved the data generation volume, which raises the fraud crimes and increases IoT adoption in all sectors such as IT, manufacturing, BFSI, Retail, etc., which also enhanced the demand for streaming analytics market. For instance, as per the National Retail Federation, an organized retail crime costs retailers about $777,877 per 1billion dollar in sales. On the other hand, lack of awareness about streaming analytics and data security and privacy concerns will hinder the market growth in the upcoming years.
The continuous advancements in the Internet of Things (IoT) sensors and devices used in industrial and consumer applications have encouraged the usage of streaming analytics solutions with enhanced processing performance. This is due to the ability of advanced IoT sensors and devices to gather large volumes of rice operational and performance data. The strong demand from companies for such data to enhance their decision-making process, network optimization, service delivery process, and customer interaction and retention, among others, is accelerating the adoption of the advanced streaming analytics market.
Key Players of the Streaming Analytics Market:
• IBM Corporation
• SAP SE
• Microsoft Corporation
• Oracle Corporation
• Tibco Software Inc.
• Software AG
• Informatic Corporation
• SAS Institute Inc.
• Sqlstream Incorporated
• Impetus Technologies
Streaming Analytics Market Segmentation:
Global Streaming Analytics Market Report Segment by Component:
• Software
• Services
Global Streaming Analytics Market Report Segment by Deployment:
• On-Cloud
• On-Premise
Global Streaming Analytics Market Report Segment by Application:
• Fraud Detection
• Sales and Marketing
• Risk Management
• Location Intelligence
• Supply Chain Management
• Others
Global Streaming Analytics Market Report Segment by Verticals:
• Government and Defense
• BFSI
• IT and Telecommunication
• Retail
• Manufacturing
• Transportation and Logistics
• Others
Global Streaming Analytics Market Report Segment by Region:
• North America
o United States of America
o Canada
• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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