Streaming analytics is a technology that enables an organization to set up real-time analytics for computation purposes. The streaming analytics technology has a major advantage of its scalability, easy handling of high throughput. The data is streamed through applications such as social media, different types of sensors, and other open source data platforms. The streaming analytics is considered reliable as it helps in reducing the loss of data, with its in-built capabilities of recovery. Streaming analytics can also be deployed on the cloud, due to its pricing. The pricing on the cloud is based on per usage, and thereby proves to be a feasible solution for many of the enterprises.
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.
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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
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