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Streaming Analytics Market Size (2024 - 2029)

The streaming analytics market is experiencing significant growth, driven by the increasing volume of data generated through digitization and industrial 4.0 practices. This expansion is facilitated by the cloud's role in digital transformation, offering real-time synchronization that enhances data processing capabilities. The market's size is further influenced by global collaborations between companies and governments to advance public and hybrid cloud markets, utilizing real-time data streaming to address societal challenges.

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Market Size of Streaming Analytics Industry

Streaming Analytics Market Summary
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

Streaming Analytics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Middle East and Africa
Mexico
Brazil
Rest of Latin America
Latin America
United Arab Emirates
Saudi Arabia
Rest of Middle-East & Africa
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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.

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Streaming Analytics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Market Drivers

      1. 1.3.1 Increasing Adoption of Advanced Analytic Tools by SMEs

      2. 1.3.2 Increasing Adoption of Cloud Services and IoT Applications

      3. 1.3.3 Growing Industrial Automation

    4. 1.4 Market Restraints

      1. 1.4.1 Stringent Government Regulations on Data Security

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Software

      2. 2.1.2 Services

    2. 2.2 Deployment

      1. 2.2.1 On-Premise

      2. 2.2.2 Cloud-Based

    3. 2.3 End-user Industry

      1. 2.3.1 Media and Entertainment

      2. 2.3.2 Retail

      3. 2.3.3 Manufacturing

      4. 2.3.4 Banking, Financial Services and Insurance (BFSI)

      5. 2.3.5 Healthcare

      6. 2.3.6 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Australia

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 Mexico

        2. 2.4.4.2 Brazil

        3. 2.4.4.3 Rest of Latin America

      5. 2.4.5 Latin America

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle-East & Africa

Streaming Analytics Market Size FAQs

The Streaming Analytics Market is projected to register a CAGR of 32.67% during the forecast period (2024-2029)

Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE and TIBCO Software Inc. are the major companies operating in the Streaming Analytics Market.

Streaming Analytics Market Report Snapshots

Streaming Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)