Streaming Analytics Market Top Key Players, Financial Overview and Forecast to 2023

Market Highlights

The requirement for a seamless integration is foreseen to spur the streaming analytics market 2020. The A.I. and analytics reports are made by Market Research Future, which includes market possibilities for advancement. A USD 16 Billion revenue is forecasted by 2023 for the market while maintaining growth with at a 33% CAGR.

Drivers and Restraints

The significant growth of the global streaming analytics market is primarily driven by the increasing demand for real-time data analytics and improved consumer engagement, which is consequently encouraging the higher demand for data analytics solutions. The extensive applications of streaming analytics various industry verticals for algorithmic trading, intelligence and surveillance, real-time patient monitoring systems, supply chain optimization, among others, is also expected to fuel market growth.

On the other hand, the growing concerns associated with data security and privacy, along with the low returns on investments are the hindering factors of the market over the forecast period.

Segmentation:

The segmental scrutiny of the streaming analytics market is carried out on the basis of application, component, deployment, organization size, vertical and region. The application basis of segmenting the streaming analytics market comprises of location intelligence, fraud detection, predictive asset maintenance, risk management, sales and marketing management, network management and optimization, operations management and others. Based on the component, the streaming analytics market is segmented into software and service. Based on the deployment, the streaming analytics market consists of on-premise and cloud. Based on the organization size, the streaming analytics market consists of a large organization and small and medium organization. Based on the verticals, the streaming analytics market consists of I.T. and telecommunication, energy & utilities, healthcare, retail, government and defence, BFSI, education and others. Based on the regions, the streaming analytics market consists of the Asia Pacific, Americas, Europe and Rest of the regional market.

Regional Analysis

On the basis of region, the streaming analytics market size has been segmented into North America, the Asia Pacific, Europe, and the rest of the world.

The North American market for streaming analytics is assessed to register the leading market share over the review period, owing to the growing adoption of cloud-based solutions and the rising demand for enhancing information governance in numerous companies.

The Asia Pacific streaming analytics market is poised to witness relatively higher growth over the forecast period. This is accredited to the growing investments towards research and development for upgradation of the streaming analytics technology, along with its increasing adoption in several industrial verticals in the region.

Competitive Landscape

The major market players identified by MRFR in the streaming analytics market include Apache Software Foundation (U.S.), Datatorrent (U.S.), Impetus Technologies (U.S.), Informatica Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Software Ag (Germany), SQLstream (U.S.), Tibco Software (U.S.), among others.

Industry News

Aug 2019: PSSC Labs, a California-based company that offers supercomputing solutions, launched the high-performance CyberRax Data Flow Pipeline, their new platform for streaming analytics on edge. This solution was designed in collaboration with Cloudera, a tech-giant that delivers enterprise data cloud solutions, to offer an on-premise for all consumer data streaming requirements.

Aug 2019: SignalFx, a leading market player for real-time data cloud monitoring, and ALTERSIS, the most significant IT Performance organization in EMEA region, announced their strategic business partnership to expand SignalFx’s solutions in the EMEA region, especially in Europe and areas North Africa.

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