DELRAY
BEACH, Fla., Sept. 5,
2024 /PRNewswire/ -- The Streaming
Analytics Market is anticipated to grow from USD 29.53 billion in 2024 to USD 125.85 billion in 2029, at a CAGR of 33.6%
during the forecast period, according to a new report by
MarketsandMarkets™. The increasing demand to handle data in real
time and the increase in big data have contributed to the expansion
of the Streaming Analytics Market. The Streaming Analytics Market
is growing rapidly due to the rising demand for real-time data
insights in different industries. Businesses are starting to see
the advantages of analyzing data in real time to make quick and
well-informed choices. This pattern is particularly noticeable in
fields such as finance, healthcare, and retail, where up-to-date
data can significantly improve operational efficiency and customer
satisfaction.
Browse in-depth TOC on "Streaming Analytics
Market"
365 – Tables
66 - Figures
358 – Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2019–2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
USD Billion
|
Segments
covered
|
Offering, Application,
Processing Type, Data Type, Vertical, and Region
|
Geographies
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America
|
Companies
covered
|
IBM (US), Microsoft
(US), Google (US), AWS (US), SAS Institute (US), SAP (Germany),
Cloudera (US), Teradata (US), TIBCO (US), Software AG (Germany),
Informatica (US), Intel (US), HPE (US), Adobe (US), Altair (US),
Mphasis (India), Striim (US), Conviva (US), INETCO (Canada), WSO2
(US), Iguazio (Israel), Materialize (US), StarTree (US), Crosser
(Sweden), Quix (UK), Lenses.io (UK), BangDB (India), Imply (US),
Coralogix (Israel), Ververica (Germany), KX (US), Confluent (US),
Estuary (US), Fivetran (US), Hazelcast (US), DataStax (US), Solace
(Canada), Databricks (US), and GridGain Systems (US)
|
Additionally, the increase in cloud-based solutions is speeding
up the integration of streaming analytics in business, enabling the
management of large data sets with flexibility and scalability. The
increase in data generated by IoT devices has made it crucial to
utilize real-time analytics to stay competitive. The significance
of streaming analytics is emphasized in the changing landscape for
organizations looking to make the most of data.
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By offering, the services segment to account for higher CAGR
during the forecast period
The services segment in the Streaming Analytics Market witnessed
significant growth due to the rising adoption of real-time data
processing by businesses. This increase is driven by the
requirement for ongoing assistance, and specialist advice to
enhance streaming analytics solutions and guarantee seamless
performance. As organizations rely more on real-time data for
making decisions, they require ongoing assistance to enhance the
effectiveness of their analytics tools. This includes helping with
implementation, system integration, performance optimization, and
issue resolution. The growing demand for specialized services in
response to the increasing complexity of data environments and the
need for real-time insights is driving their rapid market
expansion.
By application segment, fraud detection is
expected to hold the largest market share during the forecast
period
During the forecast period, fraud detection is
expected to register the largest market share in the Streaming
Analytics Market. The ability of streaming analytics in processing
and monitoring data in real time is fueled its dominance, as it is
crucial for identifying and stopping fraudulent activities as it
happen. Due to the growing digital transactions and more intricate
fraud schemes, companies across various industries are
utilizing advanced streaming analytics solutions to identify
anomalies and safeguard financial transactions. As identifying
fraud becomes more complex, the need for streaming
analytics will play a key role in effectively identifying and
stopping fraud.
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By Vertical, healthcare & life sciences are projected to
grow at the highest CAGR during the forecast period
The emergence of streaming analytics in the healthcare &
life sciences industry has been groundbreaking, especially in
improving patient care and operational effectiveness. The growing
integration of IoT devices and streaming analytics enables
healthcare providers to examine real-time data from medical
devices. Streaming analytics solutions also help healthcare and
life sciences industries by improving predictive care and
encouraging proactive treatment approaches. Healthcare systems are
capable of monitoring crucial indicators and notifying healthcare
providers of any problems that are identified, triggering rapid
clinical response. As healthcare data continues to grow, the use of
streaming analytics will be crucial in enhancing services and
developing personalized care options.
Asia Pacific is expected to grow at the highest CAGR
during the forecast period
The Asia Pacific region is
expected to see rapid growth in the Streaming Analytics Market
during the forecast period. The region's swift digital evolution
and growing use of technologies such as IoT and big data analytics
are fueling the growth of the Streaming Analytics Market. Countries
in this region are making substantial investments in infrastructure
and technological advancements which leads to an increasing need
for real-time data processing and analytics solutions. Also, the
increasing number of startups and the growth of sectors such as
manufacturing, BFSI, and retail & ecommerce are fueling the
growth of the Streaming Analytics Market across the region.
Top Key Companies in Streaming Analytics Market:
The significant streaming analytics software and service
providers include IBM (US), Microsoft (US), Google (US),
AWS (US), SAS Institute (US), SAP
(Germany), Cloudera (US), Teradata
(US), TIBCO (US), Software AG (Germany), Informatica (US), Intel (US), HPE
(US), Adobe (US), Altair (US), Mphasis (India), Striim (US), Conviva (US), INETCO
(Canada), WSO2 (US), Iguazio
(Israel), Materialize (US),
StarTree (US), Crosser (Sweden),
Quix (UK), Lenses.io (UK), BangDB (India), Imply (US), Coralogix (Israel), Ververica (Germany), KX (US), Confluent (US), Estuary
(US), Fivetran (US), Hazelcast (US), DataStax (US), Solace
(Canada), Databricks (US),
GridGain Systems (US). These companies have used organic and
inorganic growth strategies such as product launches, acquisitions,
and partnerships to strengthen their position in the Streaming
Analytics Market.
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