Meticulous Research®—a top global market research company, has published a comprehensive report titled, ‘Streaming Analytics Market by Offering (Platforms, Services), Deployment Mode (Cloud, On-premise), Application (Fraud Detection, Customer Analytics, Others), Organization Size, Sector (IT & Telecom, Retail, BFSI, Others) & Geography - Forecasts to 2030’. This report provides an in-depth analysis of the streaming analytics market, offering insights into future growth trends and forecasts through 2030.
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According to Meticulous Research®, the streaming analytics market is expected to reach $73.27 billion by 2030, growing at a CAGR of 19.7% from 2023 to 2030. This growth is fueled by the increasing adoption of streaming analytics platforms that provide faster insights and support automation. However, the market faces constraints such as difficulties in integrating streaming analytics solutions with legacy systems.
Opportunities for growth are identified in advancements in data integration and high event stream analytics capabilities. Challenges such as data security concerns and complex infrastructure requirements need to be addressed. The rise in cloud-based streaming analytics platforms is noted as a significant trend influencing market dynamics.
The market is segmented by offering into platforms and services. Platforms are expected to dominate in 2023 due to their efficiency in processing live data and meeting the need for rapid insights. The platforms segment is also projected to experience higher growth, reflecting the increasing reliance on real-time data analytics.
In terms of deployment mode, the market is divided into on-premise and cloud-based solutions. On-premise deployments are expected to hold a larger market share in 2023, favored by large enterprises for their security and control. Cloud-based deployments, however, are expected to grow at a faster rate due to their scalability and cost benefits.
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Applications of streaming analytics include fraud detection, customer analytics, and others. The customer analytics segment is expected to lead in market share in 2023, driven by the need for enhanced customer satisfaction and engagement. The fraud detection segment is projected to grow at the highest CAGR due to the increasing need for effective fraud prevention.
By organization size, large enterprises are expected to dominate in 2023 due to their strong IT infrastructure and financial resources. The growth of this segment is supported by large enterprises' investments in advanced streaming analytics technologies.
Key opportunities in the market include advancements in data integration and event stream analytics capabilities. However, challenges such as data security, privacy concerns, and the complexity of infrastructure need to be addressed. The shift towards cloud-based streaming analytics platforms is a notable trend that is influencing the market's dynamics.
The market segmentation by offering includes platforms and services. The platforms segment is expected to capture a larger market share in 2023 due to its effectiveness in processing and analyzing real-time data. This segment is also projected to grow at a higher CAGR, reflecting the increasing demand for real-time insights and operational efficiency.
Regarding deployment mode, the market is divided into on-premise and cloud-based solutions. On-premise deployments are expected to hold a larger market share in 2023, particularly among large enterprises due to their preference for security and control.
In the sectoral analysis, the IT and telecom industry is forecasted to hold the largest share in 2023, driven by the need for data analysis to improve service delivery. The retail sector is projected to grow at the highest CAGR, driven by the demand for real-time analytics for inventory and customer management.
Geographically, Asia-Pacific is expected to lead the streaming analytics market in 2023, driven by increasing digitization, rising consumer IoT adoption, and improved internet infrastructure. The region’s growth is further supported by infrastructure development and high-speed network expansions.
Key Players:
Some of the key players operating in the streaming analytics market are IBM Corporation (U.S.), Informatica Inc. (U.S.), Microsoft Corporation (U.S.), SAP SE (Germany), Striim, Inc. (U.S.), Oracle Corporation (U.S.), SAS Institute Inc. (U.S.), SQLstream (U.S.) a subsidiary of Thales Group (France), Software AG (Germany), TIBCO Software Inc. (U.S.), Cloudera, Inc. (U.S.), Teradata Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Impetus Technologies, Inc. (U.S.), and Hewlett Packard Enterprise Company (U.S.).
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Key questions answered in the report-
· Which are the high-growth market segments based on offering, deployment mode, application, organization size and sector?
· What was the historical market for streaming analytics?
· What are the market forecasts and estimates for the period 2023–2030?
· What are the major drivers, restraints, and opportunities in the streaming analytics market?
· Who are the major players, and what shares do they hold in the streaming analytics market?
· How is the competitive landscape in the streaming analytics market?
· What are the recent developments in the streaming analytics market?
· What are the different strategies adopted by the major players in the streaming analytics market?
· What are the key geographic trends, and which are the high-growth countries?
· Who are the local emerging players in the global streaming analytics market, and how do they compete with the other players?
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