Streaming Analytics Market Research Report- Global Forecast 2030

Streaming Analytics Market Research Reports By Component (Software, Service), By Service (Professional Service, Managed Service), By Application (Predictive Asset Maintenance, Fraud Detection), By Deployment (Cloud, On-Premise) - Forecast 2030

ID: MRFR/ICT/3000-HCR | 100 Pages | Author: Shubham Munde | March 2024         

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Market Overview: 

According to MRFR Analysis, By the end of 2030, the Streaming Analytics Market will have a market value of USD 54.8 billion. It is also expected to produce a 27.90% CAGR in market revenue from 2022 to 2030. 


Regionally, the North American region is predicted to generate the highest Streaming Analytics Market Size for the forecast period due to the adoption of advanced analytics tools by small and big enterprises and the presence of major players in the region. In this region, countries like the US and Canada are contributing large market revenue for the reviewed period. Along with that, the Asia‐Pacific region is predicted to generate the highest CAGR for the reviewed period. This region is boosting up the growth of the Market because of the adoption of BI analytics, huge investment in streaming analytical tools for improving business efficiency and productivity, and numerous opportunities in different industry verticals.


The Streaming Analytics Market is classified based on the deployment, organization size, components, application, and vertical. Among these, the service segment is sub-segmented into professional service and managed service. The deployment segmentation includes cloud and on-premise. Among these, the cloud solution is expected to generate the highest market share for the forecast period. It reduces IT infrastructure's cost by focusing on core business competencies. The Market is gaining more popularity as it is providing information related to managing and coordinating business activities, offers data integrity, offers data protection and security to enterprises, helps in increasing the overall business productivity, and efficiently manages storage and privacy issues. Further, the increase in digital information, increasing trend of bringing your own devices, the need to secure it, continuous upsurge in dependency over heterogeneous networks, flexibility to match custom requirements, and persistent rise in the complexity of technological solutions are some of the major growth driving factors to the Streaming Analytics Market.


The Streaming Analytics Market report explains that the quality of streaming analytics and services has increased its demand across various regions. The global market has highlighted the COVID-19 analysis to understand the positive and negative impact on the global productivity of the global market. Moreover, the market dynamics, segmental overview, regional analysis, a competitive analysis have been observed to understand the Streaming Analytics Market’s growth and development in the present scenario. Further, the recent developments have been analyzed to understand the growth potentials of the companies in various regions.


Covid-19 Analysis: 


The ongoing pandemic had a substantial impact on economies and societies as well as the global Market and their customer behavior. Due to the social distancing policies and work-from-home in effect, the global market has been hampered by its growth. The global market has lost its investors, productivity, supply chains, and others due to the lockdown across various regions. Moreover, the key players of the Streaming Analytics Market have experienced various challenges due to data infrastructure inflexibility.


Hence, the key players are trying to fight the global pandemic situation by ensuring the privacy and security of data across various networks and keeping their assets online.


Market Dynamics: 
Market Key Drivers 

The increase in digital information, increasing trend of bringing your own devices, the need to secure it, continuous upsurge in dependency over heterogeneous networks, flexibility to match custom requirements, and persistent rise in the complexity of technological solutions are some of the major growth driving factors to the Streaming Analytics Market. Hence, key players are giving their strength to uplift the market growth of the Streaming Analytics by generating higher market revenue.


Growth Opportunities:


The Global Streaming Analytics Market has more opportunities due to anomaly detection to gain traction, real-time recommendations, and pattern detection. Moreover, the Asia-Pacific region is boosting up the growth of the Streaming Analytics Market because of the adoption of BI analytics, huge investment in streaming analytical tools for improving business efficiency and productivity, and numerous opportunities in different industry verticals. 

Market Restraints: 
Although, emerging technologies such as AI, big data, and IoT are driving the growth of the global Streaming Analytics Market. Still, it has some market restraints due to the lack of integration of legacy systems with solutions of streaming analytics. As a result, the Global Market keeps on trying to grow its productivity with the help of various key players. 

Challenges for the Market: 


In a decentralized environment, large-scale handling of data can be the biggest challenge for the global Streaming Analytics Industry market. Another challenge can be eradicating the regional boundaries to meet up the increasing demand across the various region. Hence, the Streaming Analytics Market Players are engaged in developing their supply chain across various regions. Further, the key players are applying unique and suitable strategies to combat these challenges. 

Cumulative Growth Analysis: 


The Streaming Analytics Market is generating a higher market value of USD 16 Billion by the end of the year 2023. Further, it has expectations to generate a 33% CAGR of market revenue from 2017 to 2023. Therefore, the Streaming Analytics Market Players have imposes various strategic plans to uplift their Streaming Analytics Industry businesses. Further, it has aimed to generate more market share for the forecast period of 2023. 

 

Market Segmentation Overview: 

By Services:



  • Based on the services segmentation, the global Market Segments has been classified into two types of services: Professional services and Managed Services.

  • The Streaming Analytics Industry Analysis report explains that these two service types are boosting up the global market's growth for the forecast period.


By Organisation Sizes:



  • According to the organization size segment, the global Market has been classified into Small & Medium Enterprises (SMEs) and Large Enterprises.

  • The Streaming Analytics Market Report explains that the Small and Medium-Sized Enterprises (SMEs) segment is registered to generate a higher market share for the forecast period.


By Deployment:



  • Based on the deployment segmentation, the global Streaming Analytics Market has been classified intoCloud and On-Premise.

  • Among these two segments, cloud-based streaming analytics is enhancing the growth of the global market across different regions.


By Applications:



  • Based on the applications segmentation, the global Market has been classified into different applications such as Predictive Asset Maintenance, Risk Management, Fraud Detection, Sales and Marketing Management, Network Management and Optimization, Operations Management, Location Intelligence, and Others.

  • All these applications are boosting up the Streaming Analytics Market Growth across various regions.


By Verticals:



  • According to the vertical segmentation, the global Streaming Analytics Business has been segmented based on the BFSI, Healthcare, Retail, Energy & Utilities, Government and Defense, Education, IT & Telecommunication, and Others.

  • The IT & telecommunication segment is predicted to increase the market share for the forecast period among all these verticals.


Regional Insights: 


According to the regional analysis report, the global Streaming Analytics has some important regions for its business, such as Asia-Pacific, North America, Europe, South America, and other parts of the world.


The North American region is predicted to generate the highest Streaming Analytics Market Size for the forecast period due to the adoption of advanced analytics tools by small and big enterprises and the presence of major players in the region. In this region, countries like the US and Canada are contributing large market revenue for the reviewed period. Along with that, the Asia‐Pacific region is predicted to generate the highest CAGR for the reviewed period. This region is boosting up the growth of the Streaming Analytics Market because of the adoption of BI analytics, huge investment in streaming analytical tools for improving business efficiency and productivity, and numerous opportunities in different industrial verticals.


Competitive Analysis:


The global Streaming Analytics Industry has various key players such as:



  • Datatorrent (US)

  • SAP SE (Germany)

  • Apache Software Foundation (US)

  • Microsoft Corporation (US)

  • Oracle Corporation (US)

  • Impetus Technologies (US)

  • SQLstream (US)

  • Informatica Corporation (US)

  • Software Ag (Germany)

  • Tibco Software (US)


These key players have their specific identical roles in uplifting the global market. Their collective effort is increasing the global demand for Streaming Analytics.


Recent Developments: 


The brand-new Stream Analytics Experiment will be launched in March 2023, according to streaming juggernaut Twitch. Streamers can use the page to get detailed information on international trends and insights to better organise their streams. The information will be accessible to streamers of all genres and will cover a variety of subjects, including audience demographics, streaming language, geographic area, as well as well-liked games and streams.


The Spotfire 12.2 update from Tibco will also provide streaming and data science technologies in March 2023. Spotfire's most recent incarnation combines data science, streaming, and data management technologies to create an end-to-end data visualisation and analytics platform.


Report Overview: 


The Streaming Analytics Industry report explains that the quality of streaming analytics and services has increased its demand across various regions. The global market has highlighted the COVID-19 analysis to understand the positive and negative impact on the global productivity of the global market. Moreover, the market dynamics, segmental overview, regional analysis, a competitive analysis have been observed to understand the Market’s growth and development in the present scenario. Further, the recent developments have been analyzed to understand the growth potentials of the companies in various regions.


Segmental Table: 


By Services:



By Organisations Sizes:



  • Small & Medium Enterprises (SMEs)

  • Large Enterprises


By Deployment:



  • Cloud

  • On-Premise


By Application:



  • Predictive Asset Maintenance,

  • Risk Management,

  • Fraud Detection,

  • Sales and Marketing Management,

  • Network Management and Optimization,

  • Operations Management,

  • Location Intelligence,

  • Others


By Verticals:



  • BFSI

  • Healthcare

  • Retail

  • Energy & Utilities

  • Government and Defense

  • Education

  • IT & Telecommunication

  • Others

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 54.8 Billion (2030)
  CAGR   27.90% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered By Component, By Service, By Application
  Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors 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.)
  Key Market Opportunities 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.
  Key Market Drivers 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.




Frequently Asked Questions (FAQ) :

The Streaming Analytics Market will be worth USD 54.8 billion by 2030, with a 27.90% CAGR in market revenue from 2022 to 2030.

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.

The cloud solution has attained the top position in the market, among the deployment-based segments.

The market size by the year 2030 can be approximately USD 54.8 Billion.

The market has been studied with respect to Asia Pacific, Americas, Europe and Rest of the World.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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