Streaming Analytics Market Size to Reach USD 82.59 Billion in 2028 | Increasing Need for 360-Degree View of Customers and Rising Need for Solutions for Predictive Maintenance are Key Factors Driving Industry Demand, says Emergen Research
Wednesday, December 8, 2021
VANCOUVER, B.C., Nov. 30, 2021 /PRNewswire/ -- The global streaming analytics market size reached USD 12.32 Billion in 2020 and is expected to register a CAGR of 27.1% during the forecast period, according to latest analysis by Emergen Research. Increasing need for 360-degree view of customers is one of the key factors expected to drive global streaming analytics market revenue growth during the forecast period. Increasing need for solutions for predictive maintenance is expected to propel global streaming analytics market revenue growth going ahead. Increasing application of streaming analytics to improve operational efficiencies is expected to further boost global streaming analytics market growth over the forecast period.
However, concerns regarding handling large volumes of data in a decentralized setting is expected to hamper global streaming analytics market growth to some extent during the forecast period.
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Some Key Highlights from the Report
-- Increasing need for services such as implementation and support due to
rising deployment of streaming analytics solutions is driving revenue
growth of the service segment, which is expected to register a
significantly rapid CAGR over the forecast period.
-- The fraud detection & risk management segment is expected to register
significant revenue growth over the forecast period due to increasing
use of streaming analytics to reduce, evaluate, foresee, and regulate
the possibility or effect of unpredictable scenarios.
-- The media & entertainment segment is expected to register significant
growth in terms of revenue share during the forecast period due to
increasing consumer preference for obtaining multimedia content via OTT
applications on mobile phones and tablets.
-- Asia Pacific is expected to register fastest revenue growth rate during
the forecast period due to increasing mobile and tablet sales, rising
adoption of connected devices, and increasing disposable income in
countries in the region.
-- Key players in the market include Oracle Corporation, International
Business Machines Corporation, Software AG, Intel Corporation, Microsoft
Corporation, TIBCO Software Inc., SQLstream, Inc., Informatica LLC,
WebAction, Inc. (Striim), and SAS Institute Inc.
-- In February 2019, AllSight Inc. acquired by Informatica LLC. This
acquisition will expand business-user engagement for Informatica's
intelligent data platform, powered by CLAIRE Engine, to deliver
implementable advanced analytics, which drive long-term customer
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Emergen Research has segmented the global streaming analytics market on the basis of component, deployment, application, end-use, and region:
-- Component Outlook (Revenue, USD Billion; 2018-2028)
-- Deployment Outlook (Revenue, USD Billion; 2018-2028)
-- Application Outlook (Revenue, USD Billion; 2018-2028)
-- Supply Chain Management
-- Fraud Detection & Risk Management
-- Location Intelligence
-- Network Management
-- Predictive Asset Management
-- Sales & Marketing
-- End-Use Outlook (Revenue, USD Billion; 2018-2028)
-- IT & Telecom
-- Media & Entertainment
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-- Regional Outlook (Revenue, USD Billion; 2018-2028)
-- North America
-- Rest of Europe
-- Asia Pacific
-- South Korea
-- Rest of APAC
-- Latin America
-- Rest of LATAM
-- Middle East & Africa
-- Saudi Arabia
-- South Africa
-- Rest of MEA
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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