Allied Market Research
Loading...
Cart
0

Streaming Analytics Market Expected to Reach $52.19 Billion by 2027

 

quote Asia-Pacific region is expected to witness highest growth rate in the upcoming years owing to growing adoption of advanced technologies such as IoT, AI, and big data in business applications, which is generating the need for real-time insights Furthermore, ongoing rollout of high-speed wireless internet networks along with the rise in focus of developing economies on improving legacy infrastructure, which has resulted in improved internet penetration in the Asia-Pacific region. The enhanced internet connectivity has boosted the adoption of several online facilities such as online shopping, streaming media, which is expected to generate the need for real-time data streaming analytics among several industries such as media & entertainment, retail and E-commerce, which is opportunistic for the market. quote

Rachita Rake
Research Analyst, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Streaming Analytics Market by Component, Deployment Mode, Organization Size, Application, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020-2027,” the global streaming analytics market size was valued at $7,740.0 million in 2019, and is projected to reach at $52,190.0 million by 2027, growing at a CAGR of 26.8% from 2020 to 2027. 

Rise in investments in streaming analytics solutions by number of organizations mainly to improve their business performance as well as operations through a better understanding of risks gained from the analysis of real-time data is majorly driving the growth of the streaming analytics market. Moreover, increase in penetration of Internet of Things (IoT) sensors and devices in industrial & consumer applications along with ongoing advancements in these sensor & devices further boost the adoption of streaming analytics solutions. Due to the growing popularity of streaming analytics, large numbers of startups are focusing on developing feature-rich real-time streaming analytics solutions, which is opportunistic for the market.

In 2019, the global streaming analytics market share was dominated by the software segment, and is expected to maintain this trend during the forecast period owing to growing adoption of these software among organizations to better engage with their customers and clients. It also helps enterprises to identify the target audience and their choices as well as preferences, which lead to better customer experience. However, the services segment is expected to witness the highest growth in the upcoming years owing to growing demand for customized streaming analytics solutions, which in turn will need deployment, integration and support & maintenance for better functioning of the software. 

On the basis of deployment model, the cloud segment led the streaming analytics market in 2019, and is projected to emerge as the fastest-growing segment over the forecast period. The growth of this segment is attributed to growing adoption of Software-as-a-Service (SaaS) model among SMEs, which allow them to move to a subscription-based service model with low-latency data transformation capability. In addition to this, it provides numerous benefits over the on-premise deployment such as rapid integration, increased operational flexibility, increased convenience, reduced maintenance, reduced capital investment in physical infrastructure, low operational manpower requirement, and others, which further boost the streaming analytics market growth. 

Post COVID-19, the size of the global streaming analytics market is estimated to witness growth from $9,882.0 million in 2020 to reach $ 52,190.0 million by 2027, at a CAGR of 26.8%. The COVID-19 pandemic has affected several industries and customer behavior and is making a significant impact on the economy. Organizations are majorly focusing on these technologies to overcome difficulties caused by the COVID-19 pandemic. As offices have been shut down for an indefinite period, major events being postponed, and social distancing & work-from-home policies are in effect by the government, businesses are increasingly investing in these technologies, which are opportunistic for the market. Also, the exponential growth of media & entertainment and retail and e-commerce online platform in this COVID-19 pandemic will lead to the high adoption of streaming analytics software within these industries to analyze real-time data and provide products according to the customer’s preferences.

Key Findings Of The Study

  • By component, in 2019 the software segment dominated the streaming analytics market size. However, the services segment is expected to exhibit significant growth during the forecast period.
  • On the basis of deployment model, the cloud segment accounted for the highest revenue in 2019 and is expected to witness highest growth in the upcoming years.
  • Depending on organization size, the large enterprises segment generated the highest revenue in 2019. However, the small and medium sized enterprises is expected to witness highest growth rate in the near future.
  • Based on application, the fraud detection segment generated the highest revenue in 2019. However, the location intelligence is expected to witness highest growth rate in the near future.
  • Depending on industry vertical, the BFSI generated the highest revenue in 2019. However, the media and entertainment is expected to witness highest growth rate in the near future.
  • Region wise, the streaming analytics market was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years. 

Some of the key streaming analytics industry players profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Software AG, SAS Institute Inc., TIBCO Software Inc., Amazon Web Services, SQLstream, Inc., and Impetus Technologies, Inc. This study includes market trends, streaming analytics market analysis, and future estimations to determine the imminent investment pockets.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Streaming Analytics Market by Component (Software and Services), Deployment Model (On-premise and Cloud), By Organization Size (Large Enterprises and Small & Medium sized Enterprises), Application (Fraud Detection, Predictive Asset Management, Risk Management, Network Management and Optimization, Sales and Marketing, Supply Chain Management, Location Intelligence, and Others ), Industry Vertical (BFSI, IT & Telecom, Manufacturing, Government, Retail and E-commerce, Media & Entertainment, Healthcare, Energy & Utilities, and Others ),: Global Opportunity Analysis and Industry Forecast, 2019–2027 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Streaming Analytics Market"
Purchase Enquiry