Streaming Analytics Market Expected to Reach USD 52.19 Billion by 2027 | Top Players such as - TIBCO, AWS & SQLstream

The proliferation of industrial practices in the era of Industry 4.0 is generating vast quantities of data and is anticipated to open up opportunities for immediate analysis.

A blog post from Portland, Oregon in the United States on September 6, 2023 announces the publication of a new report by Allied Market Research. The report focuses on the Streaming Analytics Market and predicts that it will reach a value of USD 52.19 billion by 2027. The report highlights key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. It aims to provide valuable information for market players, investors, VPs, stakeholders, and newcomers in the industry to gain a comprehensive understanding of the market and devise strategies to gain a competitive edge.

In 2019, the market size for streaming analytics worldwide was estimated at USD 7,740.0 million. Projections indicate that by 2027, it is expected to grow significantly and reach USD 52,190.0 million. This represents a Compound Annual Growth Rate (CAGR) of 26.8% from 2020 to 2027.

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The global streaming analytics market is experiencing growth due to the increasing adoption of real-time accurate forecasting, the rise of industrial automation, and the implementation of cloud-based software. However, strict data security policies and the lack of integration with existing systems are obstacles to market growth. On a positive note, the adoption of technologies like big data, IoT, and AI, as well as partnerships and the introduction of new products, will create new opportunities in the future.

The worldwide streaming analytics market is broken down into different parts, including component, deployment model, organization size, application, industry vertical, and region. In terms of component, it is divided into software and services. Regarding deployment model, the market is split between on-premise and cloud. When it comes to organization size, the market is categorized as either large enterprises or small and medium-sized enterprises (SMEs). The application segment includes various areas such as fraud detection, predictive asset management, risk management, network management and optimization, sales and marketing, supply chain management, location intelligence, and others. In terms of industry vertical, it is classified into BFSI (Banking, Financial Services, and Insurance), IT & telecom, manufacturing, government, retail and e-commerce, media & entertainment, healthcare, and energy & utilities. Lastly, the market is examined across different regions, namely North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

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In terms of parts, the software category had the largest percentage in 2019, making up almost 60% of the worldwide streaming analytics market. It is projected to remain in the top position throughout the predicted time period. This is because more and more organizations are using software to improve their interaction with clients and understand their target audience and preferences. On the other hand, the services category is expected to have the highest annual growth rate of 28.6% from 2020 to 2027. This is because there is a greater demand for personalized streaming analytics solutions that include the integration, deployment, and ongoing support and maintenance of software.

According to the way it is set up, the cloud section dominated the worldwide streaming analytics market in 2019, accounting for almost three-fifths of it, and will continue to lead in the future. Additionally, this section is expected to experience the highest growth rate from 2020 to 2027 with a CAGR of 28.5%. This is because more and more small and medium-sized businesses are adopting the software-as-a-service (SaaS) model, allowing them to switch to a subscription-based service model with the ability to transform data quickly. The research also examines the on-premise section.

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North America had the biggest piece of the pie in the global streaming analytics market in 2019, accounting for almost 40% of it. It is predicted to continue being the leader in terms of revenue until 2027. The reason for this is that there are major companies like Oracle Corporation, IBM Corporation, Microsoft Corporation, and others in the region that provide high-quality streaming analytics software. Additionally, there is a need to automate decision-making processes based on real-time data analysis. However, Asia-Pacific is expected to have the highest growth rate from 2020 to 2027, with a CAGR of 31.3%. This is because businesses in the region are adopting advanced technologies like AI, IoT, and big data to gain real-time insights for their operations.

The report highlights a number of important players in the streaming analytics industry, such as IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Software AG, SAS Institute Inc., TIBCO Software Inc., Amazon Web Services, SQLstream, Inc., and Impetus Technologies, Inc. It provides an analysis of market trends and predictions for future investments.

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Because of the Covid-19 pandemic's lockdown measures, there has been a notable increase in the popularity of over the top (OTT) platforms. To better understand consumer behavior and make informed decisions, these platforms have started implementing streaming analytics.

● Due to the increasing demand for up-to-date data like monitoring the transmission of the coronavirus, tracking patient mobility, and implementing social distancing measures, authorities and institutions have been allocating resources to develop streaming analytics solutions.

Streaming analytics providers have embraced cloud-centric platforms and are formulating diverse approaches to safeguard their data across multiple platforms in response to the increasing prevalence of cyber intrusions and assaults amidst the pandemic.

Thank you for taking the time to read this post. Additionally, you have the option to acquire specific sections divided into chapters or reports dedicated to particular regions such as North America, Europe, or Asia.

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Lastly, this report offers a thorough overview of market information. The report has been organized in a way that maximizes its usefulness to businesses. It offers important knowledge about how the market operates and will assist both current market participants and those considering entering the market in making informed decisions.

Allied Market Research (AMR) is a company that conducts market research and provides business consulting services. It operates as a part of Allied Analytics LLP and is located in Portland, Oregon. AMR specializes in offering market research reports, business solutions, consulting services, and valuable insights across 11 different industries. By utilizing thorough research methods, AMR assists its clients in making strategic business choices and attaining long-lasting growth in their respective markets. Our team consists of knowledgeable analysts and experts who possess significant experience working with various Fortune 500 corporations as well as small and medium-sized enterprises.

Pawan Kumar, the Chief Executive Officer of Allied Market Research, is guiding the company towards offering top-notch information and understandings. We maintain solid professional connections with multiple firms, enabling us to unearth market data that assists in creating precise research data tables and ensuring the highest level of accuracy in our market prognostications. All data companies in this field are worried about this matter. Our approach to obtaining secondary data involves meticulous examination of reports published by us, which includes conducting primary interviews with prominent figures from prominent online and offline research sources and engaging in discussions with experienced experts and analysts in the field.

Contact David Correa from Allied Analytics LLP by calling +1 800-792-5285 or emailing us at the provided address. You can also connect with us on various social media platforms like Facebook, Twitter, and LinkedIn.

Streaming Analytics Market To Hit USD 52.19B By 2027 | Leading Players: TIBCO, AWS, SQLstream

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