The global Streaming Analytics market is expected to develop US$ 86.5 Bn by 2032, at a compound annual increase in price (CAGR) of 20.8% throughout the forecast period.
Streaming analytics is the real-time analytics process that continuously analyzes data along with the stream of data. It enables real-time analytics, monitoring, and management of live streaming data. In addition, it connects with external sources of data that further allows applications to incorporate certain data into the flow of an application. Moreover, it also enables data updation with the processed information of external databases. The global streaming analytics market revenue is projected to reach over USD 39 billion by 2025. This can be attributed to the increasing demand among enterprises to enhance decision making. In addition, the emergence of advanced technologies such as AI, IoT, and big data is also boosting global streaming analytics market growth.
However, the lack of awareness about the technology is likely to hamper the market growth. Furthermore, the growing volume of unstructured data is anticipated to be opportunistic for the market.
Streaming Analytics Market Scope
|Revenue forecast in 2032
|US$ 86.5 Bn
|CAGR of 20.8% during 2022-2032
|By Solution, By Application, By Enterprise Size, By Industry, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Google LLC, IBM Corporation, Informatica Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Software AG, SQLstream, Inc., TIBCO Software Inc.
Key Segment Of The Streaming Analytics Market
By Solution (USD Billion)
o Streaming Analytics Platform
• Managed Services
• Professional Services
• Consulting Services
• Integration & Implementation
• Support & Maintenance
By Application, (USD Billion)
• Advertising & Marketing
• Financial Analytics
• Supply Chain Management
• Demographic Location Intelligence
• Fraud Intelligence
• Customer Experience Monitoring
By Enterprise Size, (USD Billion)
• Large Enterprises
• Small & Medium Enterprises (SMEs)
By Industry, (USD Billion)
• IT & Telecom
• Media and Entertainment
• Retail & E-commerce
• Banking, Financial Services, and Insurance (BFSI)
Regional Overview, (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The analytics solutions are gaining traction recently as they offer tremendous potential and benefits for the various businesses. Due to analytics, the value of the data has risen tremendously in the past few years and many businesses are leveraging such data to get numerous insights to build various business strategies. Streaming analytics is one of the analytics solutions that provide insights in real-time, which further allows companies to build business strategies before the data losses its value. The streaming analytics market is a consolidated market with key major market players. However, the market is projected to become fragmented in forthcoming years with the emergence of new market players globally.
Based on the component segment, the market is divided into software and services. In the year 2019, the software segment accounted for the highest market revenue and it is projected to hold the major market share over the forecast period. The growth of this segment is primarily accredited to the capabilities associated with the streaming analytics software such as demographic analysis, customer profiling, monitoring, and others. On the contrary, the services segment accounted for the highest growth and it is expected to hold its position over the forecast period.
Based on the application, the market is segmented into sales and marketing, risk management, supply chain management, fraud detection, network optimization & management, and others. The sales and marketing segment leads the market growth in 2019 and it is projected to hold its position during the forecast years. The market growth in this segment is primarily attributed to the increasing need to understand customers’ preferences & choices concerning a particular brand. On the contrary, the risk management accounted for the highest growth and it is expected to hold its position over the forecast period.
Industry Vertical Segment
In terms of industry vertical segment, the market is segmented into BFSI, IT & telecom, healthcare, retail, manufacturing, media and entertainment, and others. The IT & telecom segment accounted for the major market share in 2019 and it is expected to do so throughout the forecast period. The market growth in this segment is mainly accredited to the growing adoption of streaming analytics solutions across this industry to provide enhanced customer experience to stay competitive in the market.
The North American region dominated the overall market in 2019 and it is projected to keep its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the customer-focused approach of the organizations in this region. Besides, the existence of market giants is also the key factor driving the market growth in this region. However, the Asia-Pacific region is projected to accumulate the highest growth over the forecast period.
The major players of the global streaming analytics market are SAP, Microsoft, IBM, SAS, Tibco Software, Informatica, Oracle, Software AG, SQLStream, and Impetus Technologies. Moreover, the other prospective players in the streaming analytics market are Striim, Espertech, Kx Systems, Axonize, and WSO2. The streaming analytics market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new and advanced strategic services and solutions to stay competitive in the global market.