Streaming Analytics Market Overview
The Streaming Analytics Market size is generating a higher market value of USD 54.8 Billion by the end of 2030. Further, it has expectations to generate a 27.90% CAGR of market revenue from 2022 to 2030. Regionally, the North American region is predicted to create the highest market size for the forecast period due to the adoption of advanced analytics tools by small and big enterprises and significant players in the region. Countries like the US and Canada contribute considerable market revenue for the reviewed period in this region. Along with that, the Asia‐Pacific region is predicted to generate the highest CAGR for the studied period. This region is boosting the growth of the market because of the adoption of BI analytics, massive investment in streaming analytical tools for improving business efficiency and productivity, and numerous opportunities in different industry verticals.
The Streaming Analytics Market is segmented as the deployment, organization size, components, application, and other segments like the vertical. The service segment is sub-segmented as professional service and managed service. The deployment segmentation has cloud and on-premise. The cloud solution service of the market helps to generate the highest market share for the forecast period. It reduces IT infrastructure costs by focusing on core business competencies.
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Market Segmentation
Based on the services segmentation, the global market has been classified into the understated types:
Based on the organization size segment:
The global market has been classified based on the organization segment into Small Medium Enterprises (SMEs) and Large Enterprises.
The global Streaming Analytics Market has been segmented into Cloud and On-Premise based on the deployment segmentation.
Based on the applications segmentation, the global market has been segmented into different applications: Predictive Asset Maintenance, Risk Management, Fraud Detection, Sales and others like Marketing Management, Network Management, and Optimization, Operations Management, Location Intelligence.
According to the vertical segmentation, the global market has been segmented into the BFSI, Healthcare, Retail, Energy Utilities, Government, and other market sectors like the Defense, Education, IT Telecommunication.
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Regional Analysis
According to the regional analysis report, the global Streaming Analytics Market has some important regions for its business, such as Asia-Pacific, North America, Europe, South America, and other parts.
The North American region will generate the highest share for the expanding business size for the forecast period due to the adoption of advanced analytics tools by small and big enterprises and significant players in the region. Countries like the US and Canada contribute considerable market revenue for the reviewed period in this region. Along with that, the Asia‐Pacific region is predicted to generate the highest CAGR for the studied period. This region is boosting the growth of the Streaming Analytics Market because of the adoption of BI analytics, massive investment in streaming analytical tools for improving business efficiency and productivity, and numerous opportunities in different industrial verticals.
Industry News
In April 2020, novel AI-powered technologies were released by IBM concerning the treatments for COVID-19 and to help the health and research community.
In April 2019, the SAP HANA database, as part of the cloud and on-premises market, was announced by SAP to offer instant access to critical data.
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