What Has Been The Evolution of the Streaming Analytics Market in Recent Years?
The streaming analytics market has seen considerable growth due to a variety of factors.
• The market size of streaming analytics has witnessed a significant increase in the past few years. The growth is anticipated to further escalate from $27.66 billion in 2024 to $35.42 billion in 2025, registering a compound annual growth rate (CAGR) of 28.1%.
This increase in the historic era can be traced back to factors like real-time data processing, surge in data volumes, the need for actionable insights, proliferation of IoT devices, and the adoption of advanced analytics.
What Is the Forecasted Market Size and Growth Rate for The Streaming Analytics Market?
The streaming analytics market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness a meteoric rise in the coming years, the streaming analytics market is poised to reach a worth of $112.36 billion by 2029, growing at a compound annual growth rate of 33.5%.
This predicted hike during the forecast period can be associated with factors such as the incorporation of edge computing, the application of artificial intelligence and machine learning in streaming analytics, the emergence of cloud-native streaming platforms, the proliferation of 5G networks, and the growing issues and measures concerning cybersecurity. The forecast period also ushers in major trends like event-driven architecture, the merging of streaming analytics with business intelligence, the adoption of multi-cloud deployment models, a heightened focus on anomaly detection, and the use of streaming analytics to enhance customer experience.
What Factors Are Driving Growth In The Streaming Analytics Market?
The increasing adoption of cloud computing is anticipated to drive the expansion of the streaming analytics market in the future. Cloud computing, a technique for distributing computing services via the internet, enables users to retrieve storage, files, software, and servers from their internet-enabled devices. It enhances the streaming analytics market by offering a scalable and efficient framework for processing and analyzing copious amounts of data in real-time. For instance, the AAG IT Support Service, a digital transformation service provider in the US, revealed in reports shared in September 2022, that a worldwide survey of 753 business and technical professionals conducted in 2022 showed that 63% of the participants confirmed significant usage of cloud services, an increase from 59% in 2021. Hence, the escalating utilization of cloud technology is contributing to the development of the streaming analytics market.
What Are The Main Segments Of The Global Streaming Analytics Market?
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
Subsegments:
1) By Software: Real-Time Data Processing Software, Data Integration Software, Analytics And Visualization Software
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services
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What Emerging Trends Are Influencing The Growth Of The Streaming Analytics Market?
Progress in technology is becoming a significant trend in the streaming analytics industry. Leading businesses in this sector are aiming to create novel technological solutions to reinforce their standings. For instance, Parrot Analytics, an American software company that specializes in data analysis, unveiled their Streaming Metrics tool in October 2024. This comprehensive solution provides in-depth insights into the fiscal performance of streaming platforms by delving deep into audience demand, content availability, and payment readiness. This allows for a unique understanding of subscriber tendencies and the elements that affect them.
Who Are the Key Players in the Streaming Analytics Market?
Major companies operating in the streaming analytics market include:
• 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.
What Is The Most Dominant Region In The Streaming Analytics Market?
North America was the largest region in the streaming analytics market in 2024. 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
