Global Streaming Analytics Market size was valued US$ xx Bn in 2019 and the total revenue is expected to grow at 25.2 % from 2019 to 2027, reaching US$ xx Bn.
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Global Streaming Analytics Market Definition:
Streaming analytics, also known as processing event streams, are the evaluation of using continuous queries. These streams are triggered by a specific incident, such as a financial transaction, infrastructure breakdown, a social post or a website click or some other observable activity, which occurs as a direct effect of an action. Data can come from the Internet of Things (IoT), transactions, cloud software, online interactions, mobile devices, and sensors for machines. Organizations can derive market benefit from data in motion by using streaming analytics systems, just as conventional analytics solutions will allow them to do with data at rest. Real-time streaming data helps to recognize prospects and risks in a number of industries.
Global Streaming Analytics Market – Dynamics
Streaming analytics systems that perform or update insights every few seconds or milliseconds require continuous data processing. A significant amount of data is generated by IoT devices from different sources, such as sensors, cameras, and other connected devices. Visualization tools for big data allow users to obtain new knowledge through batch processing and offline analysis. AI, the Internet of Things (IoT), big data, Machine-to-Machine (M2M) networking, and cloud technology are the technologies used for investigating knowledge extracted from streaming data which has been generated by continuous advances in digital technologies. The growing demand of big data exceed the limitations of conventional relational databases and for most organizations, reviewing legacy infrastructure and testing emerging technologies has become a necessity, not only to achieve strategic advantage, but also for enforcement purposes. Therefore, storing, analyzing, and accessing data is a major problem for organizations growth while implementing streaming analytics. The challenge ahead of these organizations is how effectively the convergence of legacy infrastructures with big data is carried out. Organizations are finding the convergence of legacy infrastructure and big data complicated.
Global Streaming Analytics Market Segment Analysis
Based on Application, Supply Chain Management has led the Streaming Analytics Market in 2019 and is estimated to generate more than US$ xx Bn market revenue by 2027 at a CAGR of xx%. The growing interest from various supply chain organization, the demand for streaming analytics is expected to lead the market. It can also improve response to unpredictable demands and reduce end to end supply chain management issues. Based on End-Users, IT and Telecom will account the highest market share. IT and Telecom businesses have changed their strategy to a customer centric one and are focused on delivering competitive subscriptions and pricing for feature rich personalized items. Customer generated data consisting of digital records, Social media information and other digital data such as location and activity logs is growing enormously on a wide scale.
Global Streaming Analytics Market Regional Analysis
Global Streaming Analytics Market has been segmented into North America, South America, Asia Pacific, and the Middle East and Africa. North America leads with the market share of xx% in 2019 and is expected to reach US$ xx Bn by the end of 2027 with a CAGR of xx%. North America is dominating region in the Global Streaming Analytics Market Due to the increasing adoption of digital business strategies. Whereas APAC is expected to have significant growth opportunities due to increasing spending on technology. The Report gives in-depth evaluation of the boom and different factors of the Global Streaming Analytics Market in important regions, along with the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, South-East Asia, Mexico, and Brazil, and many Risk Management. Key regions covered within the Report are North America, Europe, Asia-pacific, MEA and Latin America. The objective of the report is to present a comprehensive analysis of the Global Streaming Analytics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Streaming Analytics Market dynamics, structure by analyzing the market segments and project of the Global Streaming Analytics Market size. Clear representation of competitive analysis of key players By Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Streaming Analytics Market make the report investor’s guide.
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Global Streaming Analytics Market, By Component
• Solution • Services
Global Streaming Analytics Market, By Application
• Fraud Detection • Sales and Marketing • Predictive Asset Management • Risk Management • Network Management and Optimization • Location Intelligence • Supply Chain Management • Others (Product Innovation and Customer Management)
Global Streaming Analytics Market, By Deployment Type
• Cloud • On-premises
Global Streaming Analytics Market, By Organization Size
• SMEs • Large Enterprises
Global Streaming Analytics Market, By End-User
• IT • Telecom • Healthcare • Manufacturing • Government • BFSI • Education Sector • Others
Global Streaming Analytics Market, By Region
• North America • Europe • Asia-Pacific • MEA & Africa • Latin America
Global Streaming Analytics Market Key Players
• IBM (US) • Oracle (US) • Microsoft (US) • SAP (Germany) • Software AG (Germany) • SAS Institute (US) • Oracle (US) • TIBCO Software (US) • Impetus (US) • Striim (US) • WSO2 (US) • INETCO (Canada) • SQLStream (US) • Axonize (Israel) • EsperTech (US) • Cloudera (US) • Google (US) • HPE (US) • AWS (US) • Intel (US) • VMware (US) • Mphasis (India) • Altair (US) • Adobe (US) • Teradata (US) • Vitria Technology (US) • Conviva (US) • IQLECT (India) • Iguazio (Israel)
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