Streaming Analytics Market

Streaming Analytics Market size reached USD 13.3 billion in 2021 and is estimated to reach USD 77.3 billion in 2029 and the market is estimated to grow at a very high CAGR of 24.6% from 2022-2029 attributed to growing adoption of latest technologies and advancements in connected devices and sensors.

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Main Streaming Analytics Market Trends and Drivers

Major factors driving streaming analytics market are increasing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) and growing focus of companies on using streaming analytics solutions for making real time forecasts. Streaming analytics solutions are increasingly used in different industry verticals as it provides real time streaming of data and helps businesses to identify hidden patterns or co-relations. With the integration of streaming analytics software with inventory management systems, companies can make forecast by considering important factors such total inventory levels and customer demand, which is helping them to increase overall efficiency.

Sales and business analytics, log monitoring, tracking user activity, security information and event management and warehouse inventory management, are the major streaming analytics use cases. Furthermore, various companies are entering into strategic partnerships and collaborations for developing high-event streaming capabilities. For instance, in June 2020, Yellowbrick a cloud data warehouse company based out of United States announced that it has entered into a strategic partnership with Striim to increase deployment of data streaming applications and to help companies to improve their data analytics capabilities for operational intelligence. Some of the most widely used real-time data analytics tools are Google Cloud DataFlow, Amazon Kinesis, Apache Storm and Azure Stream Analytics.

Increasing focus on enterprises on expediting the decision making process, growing need to analyse huge volumes of data generated by connected devices and development of advanced analytics tools are boosting the demand for real time streaming analytics. Furthermore, in the retail industry, streaming analytics finds its application majorly in forecasting supply chain visibility. Growing number of frauds cases, is becoming major concern for retailers, as per National Retail Security Survey by the National Retail federation, in 2021, almost 26.5% rise in the organized retail crime activities was observed worldwide. Using streaming analytics solutions can reduce the negative impact of such crimes as solutions can quickly identify fraudulent transactions, detect threats in real time, and analyse security camera footage. However, growing data security concerns and problems faced by companies in integrating streaming analytics with legacy systems, is hampering the streaming analytics market growth.

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Based on Component, Services segment is expected to expand at a higher CAGR.

Huge volumes of data generated by Internet of Things (IoT) enabled devices across end-use industries like BSFI, IT and Telecommunication and Retail, is propelling the demand for streaming analytics solutions.

Based on Deployment, Cloud segment is projected to dominate the market.

Cloud based deployments is gaining tractions amongst companies as it is cost-effective, offers 24*7 data accessibility and increases scalability. Since, cloud computing allows its users to store huge volumes of data, which is boosting the demand for data streaming platform, as these platforms enables companies to process and analyse data in real-time. Furthermore, big companies are increasingly adopting streaming analytics to identify patterns and anomalies in data, since they generate huge volumes of data, which is projected to have a positive impact on streaming analytics software market.

Based on Application, Supply Chain Management segment is estimated to grow at a faster rate.

Streaming analytics solutions are increasingly used in various supply chain processes like procurement, planning and collaboration as it allows companies to monitor these processes efficiently and helps in making predictions for the future.

Based on Vertical, IT and Telecommunication segment is projected to hold the largest streaming analytics market share.

In the IT and Telecommunication industry, streaming analytics solutions are extensively used to monitor network performance in-real time, prevent fraudulent transactions and predicting equipment failure.

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Based on Region, Asia-Pacific region is expected to grow at a faster CAGR.

Asia-Pacific streaming analytics market is propelled by growing adoption of steaming analytics solutions by small and medium sized organizations, on-gong partnerships and collaborations and partnerships between vendors and increasing use of connected devices. North American streaming analytics market is driven by technological advancements, growing focus of enterprises on automating decision making process and presence of tech-savvy population. Additionally, North American region is home to leading streaming analytics vendors like Microsoft Corporation, Oracle Corporation and IBM Corporation.

Top Market Players

Various notable players in the streaming analytics market are IBM Corporation, SAP SE, Microsoft Corporation, Oracle Corporation, Tibco Software Inc., Software AG, Informatic Corporation, SAS Institute Inc., Sqlstream Incorporated, Impetus Technologies and among others. Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive.

Key Developments:

• • In February 2022, Software AG, a major software and technology company based in United States announced that it has acquired to enter the cloud data integration market segment. Through this acquisition, company will add a substantial SaaS and subscription business under its Digital Business portfolio.
  • In December 2021, Google Streaming Analytics introduced Datastream feature, which will enable enterprises to synchronize across heterogenous databases and with low latency for supporting real-time analytics.
  • In December 2021, IBM announced that it has integrated streaming analytics on Cloud Park for data as a Service (DaaS).
  • In April 2021, Oracle GoldenGate product development team announced that they have added new features in Oracle Stream Analytics 19.1.0.0.6, which will enable users to analyse large scale real time information by using correlation patterns and machine learning.
  • In November 2020, Azure Stream Analytics, which is developed by Microsoft, announced that it has integrated its Azure Data Explorer as an output for Azure Stream Analytics. With this new integration, its users can leverage ASA and ADX for identifying anomalies in real-time and filter incoming data stream for use in the data explorer app.

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Segments Covered in the Report

Global streaming analytics market has been segmented by component, deployment, application, verticals and key geographies. Based on component, the market comprises of software and services. Based on deployment, the market is segmented into on-cloud and on-premises. Based on application, Fraud Detection, Sales and Marketing, Risk Management, Location Intelligence, Supply Chain Management and others. On the basis of verticals, market is segment into Government and Defense, BFSI, IT and Telecommunication, Retail, Manufacturing, transportation and Logistics, and others.

Market Segmentation

Global Streaming Analytics Market by Component

• • Software
  • Services

Global Streaming Analytics Market by Deployment

• • On-Cloud
  • On-Premises

Global Streaming Analytics Market by Application

• • Fraud Detection
  • Sales and Marketing
  • Risk Management
  • Location Intelligence
  • Supply Chain Management
  • Others

Global Streaming Analytics Market by Verticals

• • Government and Defense
  • BFSI
  • IT and Telecommunication
  • Retail
  • Manufacturing
  • Transportation and Logistics
  • Others

Global Streaming Analytics Market by Region

• • North America Streaming Analytics Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Deployment
    • By Application
    • By Verticals
    • US Market All-Up
    • Canada All-Up
  • Europe Streaming Analytics Market (Option 2: As a part of the free 25% Customization)
    • By Component
    • By Deployment
    • By Application
    • By Verticals
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Streaming Analytics Market (Option 3: As a part of the free 25% Customization)
    • By Component
    • By Deployment
    • By Application
    • By Verticals
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Streaming Analytics Market (Option 4: As a part of the free 25% Customization)
    • By Component
    • By Deployment
    • By Application
    • By Verticals
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Streaming Analytics Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• IBM Corporation
• SAP SE
• Microsoft Corporation
• Oracle Corporation
• Tibco Software Inc.
• Software AG
• Informatic Corporation
• SAS Institute Inc.
• Sqlstream Incorporated
• Impetus Technologies

Other prominent players in the market which can be profiled as a part of customization:

• Espertech
• Inetco
• Axonize