Market Research Future published a research report on “Global Streaming Analytics Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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
Market Synopsis of Streaming Analytics Market:
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
On the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in the streaming analytics market owing to better network infrastructure, digitization and higher technology implementation. Digitization in North America is mainly due to the invention of advanced technology and economies benefitting from it. North America region is leading due to presence of major players from the region in the streaming analytics market. The implementation of streaming analytics solution by both small and medium enterprises is increasing rapidly, especially one into IT & BFSI sector. The Streaming analytics is gaining demand as organization seek to improve their business growth by shifting from on-premise to cloud based. The initial low cost, saving amount spent on infrastructure, automatic Streaming upgrading and seamless integration is driving the market of cloud based Streaming analytics market.
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. 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.
The segmentation on the basis of deployment includes cloud and on-premise. Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solution enables enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity and provides information related to managing and coordinating business activities and helps in increasing the overall business productivity.
The streaming analytics market is expected to grow at approximately USD 16 Billion by 2023, at 33% of CAGR between 2017 and 2023.
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The streaming analytics market has been segmented on the basis of component, application, deployment, organization size and vertical. The service segment includes media services associated with video streaming is based on REST APIs that offers secure upload, store, encode, and package video or audio content. The video content can be streamed through on-demand and live streaming and is delivered to various clients that includes TV, PC, tablets and mobile devices.
Streaming Analytics market for segment on the basis of component, application, deployment, organization size and vertical.
Streaming Analytics Market by Component:
- By Service
- Professional services
- Managed services
Streaming Analytics Market by Application:
- Fraud Detection
- Sales And Marketing Management
- Predictive Asset Maintenance
- Risk Management
- Network Management And Optimization
- Location Intelligence
- Operations Management
Streaming Analytics Market by Deployment:
Streaming Analytics Market by Organization Size:
- Small And Medium Organization
- Large Organization
Streaming Analytics Market by Vertical:
- Government and Defense
- IT and Telecommunication
- Energy & Utilities
The prominent players in the streaming analytics market are – 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.) among others.
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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.
- EXECUTIVE SUMMARY
- RESEARCH METHODOLOGY
- MARKET DYNAMICS
- GLOBAL MARKET SEGMENTATION
- REGIONAL MARKET ANALYSIS
- COMPETITIVE ANALYSIS
- LIST OF TABLES
- LIST OF FIGURES
The report for Global Streaming Analytics Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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