Streaming analytics market is defined as a branch of data analytics. Streaming analytics enable users providing with information with respect to streaming systems, development process and streaming users. Streaming analytics is used to provide solutions regarding the complexity and scalability of the data. By service segment the market is segmented into managed service and professional service. Professional service associated with cloud platforms includes selection, deployment and continuous ongoing management of cloud resources. Professional service companies possess an expertise solution and knowledge of tools and process that makes users workflows seamless and high performing. These companies are highly experienced and project a detailed focus while offering services to small and mid-sized business. They provide a complete risk management solution and possess knowledge regarding cutting edge security features and implements them across different range of business environments.
In streaming analytics market, digitization and advanced analytics technology is one of the significant factor driving the market. Digitization in streaming analytics technology helps organization by providing seamless platform to handle large data and increases efficiency and accuracy in business operations. Digital technology supports both upstream and downstream streaming analytics activities. Streaming analytics solution enable organization by consolidating the streaming development data that is gathered through multiple channels and helps organization to recognized evolving trends and patterns is boosting the streaming analytics market. By vertical segment, IT and telecommunication sector acquires highest market share owing to better analysis offered by streaming analytics tools that is benefitting banking and manufacturing business and is further fueling the market growth.
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Major Key Players
Apache Software Foundation (U.S.),
Microsoft Corporation (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
According to MRFR, The streaming analytics market is expected to grow at approximately USD 16 Billion by 2023, at 33% of CAGR between 2017 and 2023.
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.
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- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
LIST OF TABLES
TABLE 1 STREAMING ANALYTICS MARKET, BY COMPONENT
TABLE 2 STREAMING ANALYTICS MARKET, BY APPLICATION
TABLE 3 STREAMING ANALYTICS MARKET, BY DEPLOYMENT
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 STREAMING ANALYTICS MARKET: BY COMPONENT (%)
FIGURE 3 STREAMING ANALYTICS MARKET: BY APPLICATION (%)
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