Streaming analytics is the continuous processing and analysis of data records rather than batch processing and analysis. Streaming analytics is most beneficial for data sources that deliver tiny amounts of data in a continuous flow as they are created. Inventory reorder periods, shortage forecasts, shipment fulfillment, tracking customer activity and company trends for tailored offerings/discounts for customers, geo-targeted mobile marketing, and other data streams are all available to retailers. To a considerable extent, retailers employ streaming analytics to avoid and forecast supply chain visibility, one-to-one marketing, and fraud.
The Global Streaming Analytics Market size is estimated to reach $ 50.7 billion by 2026, growing at a CAGR of 25.81% over the forecast period of 2021-2026.
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Key Market Players
Key Players in the Global Streaming Analytics Market consist of Amazon Web Services, International Business Machines Corporation, Impetus Technologies, Microsoft, Oracle, SAP, SAS, Software AG, SQLstream, TIBCO Software, and others.
Market Dynamics
Driver: Advancement in technology is a significant driver for Streaming Analytics Market
The streaming analytics market has seen significant expansion due to the increased use of sophisticated technologies such as big data, IoT, AI, continuing Industrial Automation, and increased demand for cloud-based streaming analytics software.
Challenge: Managing vast amounts of data in a decentralized setting is restraining the market growth.
Organizations are now reforming their operations through partnerships or acquisitions, which aids in the expansion of many areas that need the use of various developing technologies, resulting in a variety of structural changes. As a result, enterprises are concerned about losing potentially valuable data or finding it challenging to maintain the fragmented environment. As a result, there's a growing desire for a single platform that can deliver the complete spectrum of contextual information while also providing a highly flexible architecture that can interact with streaming data sources and output channels.
Developments
In April 2019, Microsoft's Azure Stream Analytics included a geographic index of reference data, allowing quicker processing to handle a higher number of mobile assets and vehicle fleets.
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Report Coverage and Scope
The report "Global Streaming Analytics Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.
By Component
• Software
• Services
By Deployment Method
• On-premise
• Cloud
By Application
• Fraud Detection
• Predictive Asset Management
• Risk Management
• Network Management and Optimization
• Sales and Marketing
• Supply Chain Management
• Location Intelligence
By Vertical
• Banking
• Retail and Ecommerce
• Telecom
• Healthcare and Life Sciences
• Government and Public Sector
• Manufacturing
• Transportation and Logistics
• Education
By Geography
• North America
• Europe
• APAC
• RoW
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TOC:
Chapter 1 Streaming Analytics Market Overview
1.1 Product Overview and Scope of Streaming Analytics
1.2 Streaming Analytics Market Segmentation by Type
1.2.1 Global Production Market Share of Streaming Analytics by Type in 2019
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
TOC Continue…
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