Global Streaming Analytics Market: Overview
Different organizations across the world are producing the large volume of data which are not organized. In the recent years, the organizations have become aware of the advantages of using real-time data analytics and thus have started using the techniques of streaming analytics in their operations. By the utilization of streaming analytics, the organizations have started gaining more revenue owing to the cutting preventable losses and the increasing operational efficiency. The applications where streaming analytics are used include algorithmic trading, intelligence and surveillance, vehicle tracking and route monitoring, customer engagement, real-time patient monitoring system, supply chain optimization and procurement, IT and network monitoring, real-time call center analysis, oil & gas operations management, and others.
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Global Streaming Analytics Market: Segmentation
The streaming analytics market is globally segmented into its type, application, deployment mode, and the industrial vertical. On the basis of type, the global market is segregated into software and service. The service segment is further sub-segmented into managed services and professional services. Based on the application, the market is categorized into fraud detection, predictive asset maintenance, network management and optimization, operations management, sales and marketing management, risk management, location intelligence, and others. On the basis of deployment mode, the global streaming analytics market is divided into on-demand and on-premises. The different industrial verticals where streaming analytics market is applied includes telecommunication & IT, healthcare & life sciences, government & defense, transportation & logistics, BFSI, retail & e-commerce, manufacturing, energy & utilities, media & entertainment, and others.
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Global Streaming Analytics Market: Growth Factors
The key factor that is accelerating the market growth is the need to find advanced solutions in order to take the real-time decisions on the business events is gripping the large enterprises and SMEs to deploy streaming analytics. There is an increase in the adoption of IoT across different verticals which in turn is increasing the demand for the data streaming solutions. Thus the market for the streaming analytics is growing across the globe. Along with this, there are also some factors that are restraining the streaming analytics market growth which include lack of data security and privacy of data and low returns on the investments are hampering the market growth.
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Global Streaming Analytics Market: Regional Analysis
Region-wise, the global streaming analytics market is diversified into North America, Asia-Pacific, Europe, and Rest of the World. The region that dominates the streaming analytics market is the North America. The factors that attribute this growth are the increase in the technological advancements and the early adoption of the technology. The Asia Pacific region is also growing at a good pace. The factors that attribute this growth are the increasing opportunities in the emerging economies such as China, Japan, and India and the technological advancements.
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Global Streaming Analytics Market: Competitive Players
The key market players in the streaming analytics market include Microsoft Corporation, Oracle Corporation, Informatica Corporation, TIBCO Software, SQLStream, SAS Institute, SAP SE, IBM Corporation, Software AG, and Impetus Technologies.
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