Market Size of Streaming Analytics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 32.67 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Streaming Analytics Market Analysis
The streaming analytics market has been valued at USD 7.08 billion in 2020 and is expected to reach a value of USD 38.53 billion by 2026 at a CAGR of 32.67%, during the forecast period (2021-2026). Digitization has exponentially increased data generation and changed data utilization methods. Cloud is a vital catalyst in digital transformation. Streaming analytics aids flexibility by providing real-time synchronization across the cloud or on-premise, surpassing the traditional data processing and accessing options.
- The growth of industrial 4.0 practices across industries, is responsible for the creation of large amounts of data and is expected to provide more scope for the acceptance of real-time analytics over the forecast period.
- Many global companies are collaborating with governments to enhance the public and hybrid cloud markets and use real-time data streaming tools to deliver a practical solution in society. For instance, Alibaba Cloud, backed by Malaysia Digital Economy Corporation, has launched its Malaysia Tianchi Big Data Program - a big data platform that brings together data experts to collaborate and compete in developing solutions for real-world problems.
Streaming Analytics Industry Segmentation
Streaming Analytics allows the organizations in the setting up of real-time analytics computations on data streaming from devices, websites, sensors, social media, applications and many more. it also provides language integration for intuitive specifications along with quick and appropriate time-sensitive processing. The scope includes Type of streaming analytics as Software and Services and Deployment modes of streaming analytics such as Cloud and on-premise.
| Type | |
| Software | |
| Services |
| Deployment | |
| On-Premise | |
| Cloud-Based |
| End-user Industry | |
| Media and Entertainment | |
| Retail | |
| Manufacturing | |
| Banking, Financial Services and Insurance (BFSI) | |
| Healthcare | |
| Other End-user Industries |
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Streaming Analytics Market Size Summary
The streaming analytics market is experiencing significant growth, driven by the increasing digitization and the need for real-time data processing. This market is being propelled by the adoption of industrial 4.0 practices, which generate vast amounts of data, thereby enhancing the demand for real-time analytics solutions. Cloud technology plays a crucial role in this transformation, offering flexibility and real-time synchronization that surpass traditional data processing methods. The retail sector, in particular, is a major end user of streaming analytics, utilizing these tools to combat fraud, enhance supply chain visibility, and personalize marketing efforts. The sector's challenges, such as inventory shrinkage and organized retail crime, further fuel the adoption of streaming analytics to mitigate financial losses.
The Asia-Pacific region is emerging as the fastest-growing market for streaming analytics, driven by the rapid adoption of digital technologies and high internet penetration. This region's growth is supported by significant investments in technology and R&D by prominent vendors, as well as collaborations between foreign and local players to leverage emerging opportunities. The increasing awareness and need for data analytics solutions among SMEs in this region contribute to the market's expansion. Companies like Intel and Lenovo are innovating real-time streaming architectures, while collaborations such as Striim's partnership with AWS and Microsoft's Azure Stream Analytics highlight the competitive efforts to enhance technical capabilities and expand geographically.
Streaming Analytics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Force Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Market Drivers
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1.3.1 Increasing Adoption of Advanced Analytic Tools by SMEs
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1.3.2 Increasing Adoption of Cloud Services and IoT Applications
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1.3.3 Growing Industrial Automation
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1.4 Market Restraints
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1.4.1 Stringent Government Regulations on Data Security
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Software
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2.1.2 Services
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2.2 Deployment
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2.2.1 On-Premise
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2.2.2 Cloud-Based
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2.3 End-user Industry
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2.3.1 Media and Entertainment
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2.3.2 Retail
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2.3.3 Manufacturing
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2.3.4 Banking, Financial Services and Insurance (BFSI)
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2.3.5 Healthcare
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2.3.6 Other End-user Industries
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 South Korea
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2.4.3.5 Australia
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 Mexico
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2.4.4.2 Brazil
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2.4.4.3 Rest of Latin America
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2.4.5 Latin America
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle-East & Africa
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Streaming Analytics Market Size FAQs
What is the current Streaming Analytics Market size?
The Streaming Analytics Market is projected to register a CAGR of 32.67% during the forecast period (2024-2029)
Who are the key players in Streaming Analytics Market?
Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE and TIBCO Software Inc. are the major companies operating in the Streaming Analytics Market.
