The streaming analytics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Streaming Analytics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The streaming analytics market size has grown exponentially in recent years. It will grow from $21.82 billion in 2023 to $28.19 billion in 2024 at a compound annual growth rate (CAGR) of 29.2%. The growth in the historic period can be attributed to real-time data processing, increased data volumes, demand for actionable insights, growth of iot devices, advanced analytics adoption.
The streaming analytics market size is expected to see exponential growth in the next few years. It will grow to $83.21 billion in 2028 at a compound annual growth rate (CAGR) of 31.1%. The growth in the forecast period can be attributed to edge computing integration, ai and machine learning in streaming analytics, cloud-native streaming platforms, expansion of 5g networks, cybersecurity concerns and solutions. Major trends in the forecast period include event-driven architecture, integration of streaming analytics with business intelligence, multi-cloud deployment models, focus on anomaly detection, streaming analytics for customer experience optimization.
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Scope Of Streaming Analytics Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing usage of cloud technology is expected to propel the growth of the streaming analytics market going forward. Cloud technology, or cloud computing, is a method of delivering computing services over the internet. It allows users to access storage, files, software, and servers through their internet-connected devices. Cloud technology boosts the streaming analytics market by providing a scalable and efficient infrastructure for processing and analyzing large volumes of data in real-time. For instance, In December 2021, according to data published by Eurostat, Cloud technology was trendy in large organizations, as 72% used it in 2021, a 7 % increase over 2020. Cloud computing will be adopted by 53% of medium-sized businesses in 2021, up from 46% in 2020. Furthermore, In March 2022, According to Flexera’s 2022 State of the Cloud Report, organizations reported spending more than $12 million yearly in 37% of cases in 2021 and more than $1.2 million on clouds in 80% of cases. Therefore, the growing usage of cloud technology is driving the growth of the streaming analytics market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The streaming analytics market covered in this report is segmented –
1) By Component: Software, Service
2) By Deployment Mode: On-Premise, Cloud
3) By Organization size: Large Enterprises, Small And Medium Sized Enterprises
4) By Industry Vertical: BFSI, IT And Telecom, Manufacturing, Government, Retail And E-Commerce, Media And Entertainment, Healthcare, Energy And Utilities, Other Industry Verticals
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Regional Insights –
North America was the largest region in the streaming analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the streaming analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the streaming analytics market report are Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, TIBCO Software Inc., Software AG, Striim Inc., Impetus Technologies Inc., SAS Institute Inc., Informatica Inc., Guavus Inc., Google LLC, Cloudera Inc., Conviva Inc., Intel Corporation, SQLstream Inc., Teradata Corporation, Iguazio Ltd., Axonize Ltd., Adobe Inc., Altair Engineering Inc., Mphasis Limited, INTECO Group, WSO2 Inc., EsperTech Inc., Materialize Inc., StarTree Inc., Crosser Technologies AB, Quix Inc., Lenses. io Ltd.
Table of Contents
- Executive Summary
- Streaming Analytics Market Characteristics
- Streaming Analytics Market Trends And Strategies
- Streaming Analytics Market – Macro Economic Scenario
- Global Streaming Analytics Market Size and Growth
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- Key Mergers And Acquisitions In The Streaming Analytics Market
- Streaming Analytics Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Streaming Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Streaming Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Streaming Analytics Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Microsoft Corporation Financial Performance
Table 76: IBM Corporation Financial Performance
Table 77: Oracle Corporation Financial Performance
Table 78: SAP SE Financial Performance
Table 79: TIBCO Software Inc Financial Performance
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