The global streaming analytics market size is expected to grow from $13.12 billion in 2021 to $17.24 billion in 2022 at a compound annual growth rate (CAGR) of 31.5%. The global streaming analytics market size is expected to grow to $48.85 billion in 2026 at a CAGR of 29.7%.
What is the Global Streaming Analytics Market?
The streaming analytics market consists of sales of the streaming analytics software and related services by entities (organizations, sole traders, and partnerships) that automatically process and analyze real-time information. Streaming analytics is the processing and analysis of data records continuously rather than in batches. It allows the setting up of real-time analytics computations on data streaming and also provides language integration with quick and appropriate time-sensitive processing.
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What drives the Global Streaming Analytics Market?
The increasing demand for industrial automation is significantly driving the growth of the streaming analytics market. Automation refers to the application of technologies with minimal human intervention for producing and delivering goods and services. The majority of the industrial sectors are adopting automated technologies to cut back errors, analyze real-time information, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of streaming analytics tools and services. For instance, according to the Future of Jobs Survey 2020, and the World Economic Forum, 50% of business leaders are planning to adopt automation of repetitive tasks and 85% of business leaders said that automation will give more time to focus on the important goals to the company. Therefore, the increase in demand for industrial automation is expected to drive the growth of the streaming analytics market going forward.
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Global Streaming Analytics Market Segments
The global streaming analytics market is segmented:
By Component: Software, Service
By Deployment Mode: On-Premise, Cloud
By Organisation Size: Large Enterprises, Small and Medium Sized Enterprises
By Industry Vertical: BFSI, IT and Telecom, Manufacturing, Government, Retail and E-Commerce, Media and Entertainment, Healthcare, Energy and Utilities, Others
By Geography: The regions covered in the streaming analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Streaming Analytics Global Market Report 2022provides market size and growth forecasts for the global streaming analytics market, global streaming analytics market share, streaming analytics market segments and geographies, streaming analytics market competitive landscape including leading competitors’ revenues, profiles and market shares. The streaming analytics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Streaming Analytics Industry Playersinclude 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, Cloudera Inc., and Conviva. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
