Streaming Analytics Market, By Component (Software, Service), By Service (Professional Service, Managed Service), By Application (Predictive Asset Maintenance, Fraud Detection), By Deployment (Cloud, On-Premise) - Forecast 2023
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Exclusive Summery About Report:
The regional analysis of streaming analytics market is being studied for regions such as Asia Pacific, Americas, Europe and Rest of the World. North America region accounts for highest market share in streaming analytics market owing to presence of major players in the region and adoption of advanced analytics tools by small and big enterprises is propelling the market in the region.
Countries such as US and Canada contributes large amount of revenue in the streaming analytics market in the region. Asia‐Pacific region is expected to be growing at the highest CAGR.
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Enterprises in the region are investing huge in streaming analytical tools to improve business efficiency and productivity, adoption of BI analytics and numerous opportunities in varied industrial vertical is boosting the market in the region.
The streaming analytics market is segmented on the basis of components, application, deployment, organization size and vertical. The component segment includes software and service.
The service segment includes managed service and professional service. Managed Services can be defined as proactive management of an information technology asset or object, by a third party typically known as a MSP, on behalf of the end-user.
The operative distinction that sets apart a managed service program is the proactive delivery of their service, as compared to reactive IT services, which have been around for decades. The key drivers contributing to the growth of the managed services are rise in digital information, the need to secure it, increasing trend of bring your own devices, flexibility to match custom requirements, continuous upsurge in dependency over heterogeneous networks, and persistent rise in the complexity of technological solutions.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Streaming Analytics Market Research Report -Forecast to 2023”.
The streaming analytics market is expected to grow at approximately USD 16 Billion by 2023, at 33% of CAGR between 2017 and 2023.
Major Key Players
- Apache Software Foundation (U.S.),
- Microsoft Corporation (U.S.),
- Datatorrent (U.S.),
- SAP SE (Germany),
- Oracle Corporation (U.S.),
- Informatica Corporation (U.S.),
- Software Ag (Germany),
- Tibco Software (U.S.),
- Impetus Technologies (U.S.),
- SQLstream (U.S.)
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Streaming analytics market is defined as a branch of data analytics. Streaming analytics enable users providing with information with respect to streaming systems, development process and streaming users.
Streaming analytics is used to provide solutions regarding the complexity and scalability of the data. By service segment the market is segmented into managed service and professional service.
Professional service associated with cloud platforms includes selection, deployment and continuous ongoing management of cloud resources. Professional service companies possess an expertise solution and knowledge of tools and process that makes users workflows seamless and high performing.
These companies are highly experienced and project a detailed focus while offering services to small and mid-sized business. They provide a complete risk management solution and possess knowledge regarding cutting edge security features and implements them across different range of business environments.
Market Research Analysis:
The streaming analytics market in North America region is growing due to high adoption of cloud solutions by enterprise and need to improve information governance in organizations. According to the study, the streaming analytics market will show rapid growth in Europe region.
Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of streaming analytics market and growing analytics trends to attract more users is driving streaming analytics market in the region. Increasing population, and growing IT landscape is boosting the market in the region.
The region is witnessing high adoption of streaming analytics tools by enterprises. Developing countries such as India and China are adopting streaming analytics tools at large scale owing to high amount of data generation from numerous industries and the need to designed streaming to store those data and for efficient management of business is one of the prime factor that is boosting the market in the region.
By vertical segment, BFSI and IT & telecommunication sector is driving the streaming analytics market. The region is witnessing high growth in streaming analytics market due to growing technological advancement in cloud, analytics and business intelligence.
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