Streaming Analytics Market, By Component (Software, Service), By Service (Professional Service, Managed Service), By Application (Predictive Asset Maintenance, Fraud Detection), By Deployment (Cloud, On-Premise) - Forecast 2023
ID: MRFR/ICT/3000-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis of Streaming Analytics Market:
Market Scenario:
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.
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.
The streaming analytics market is expected to grow at approximately USD 16 Billion by 2023, at 33% of CAGR between 2017 and 2023.
Streaming Analytics Market
Key Players:
The prominent players in the streaming analytics market are – Apache Software Foundation (U.S.), Microsoft Corporation (U.S.), Datatorrent (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.
Segments:
Streaming Analytics market for segment on the basis of component, application, deployment, organization size and vertical.
Streaming Analytics Market by Component:
By Software By Service
- Professional services
- Managed services
Streaming Analytics Market by Application:
- Fraud Detection
- Sales And Marketing Management
- Predictive Asset Maintenance
- Risk Management
- Network Management And Optimization
- Location Intelligence
- Operations Management
- Others
Streaming Analytics Market by Deployment:
- Cloud
- On-Premise
Streaming Analytics Market by Organization Size:
- Small And Medium Organization
- Large Organization
Streaming Analytics Market by Vertical:
- Government and Defense
- BFSI
- IT and Telecommunication
- Healthcare
- Retail
- Education
- Energy & Utilities
- Others
Intended Audience
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
Frequently Asked Questions (FAQ) :
The market has been studied with respect to Asia Pacific, Americas, Europe and Rest of the World.
The market growth rate between 2017 and 2023 can be 33%.
The cloud solution has attained the top position in the market, among the deployment-based segments.
The market size by the year 2023 can be approximately USD 16 Billion.
Tibco Software (U.S.), Datatorrent (U.S.), SAP SE (Germany), Informatica Corporation (U.S.), Software Ag (Germany), Apache Software Foundation (U.S.), SQLstream (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Impetus Technologies (U.S.), are the key players in the worldwide market.
