Streaming Analytics Market – Worldwide Industry Analysis and Future Outlook

  • Analysis
  • 20-July-2016

In the report, “Global Streaming Analytics Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast” added by the market overview, market size, growth trends and future prospects are elaborately covered. The report incorporates the streaming analytics market analysis on the basis of types, application, deployment model, and industry vertical. The report offers details about the drivers, restraints and growing opportunity in the industry.

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Streaming analytics is a software solution which can aggregate, analyze and filter high solution data from multiple data sources and identify complex & simple data format to provide an application to automate and detect immediate solutions. The streaming analytics market anticipates a very high double digit growth largely due to increasing adoption of instant action on business insights and the evolution of Internet of Things (IoT) operated technologies across the globe. Additionally, increasing business scalability and agility along with a rise in forecast accuracy will further aid the market growth under the study period. Growing transformation from conventional BI techniques to evolved analytics techniques coupled with a surging demand for structured data is also expected to boost streaming analytics market demand. However, lack of knowledge about streaming analytics, shortage of skilled labor and complex analytical workflow are major challenges, which may hamper the market growth of the software over the forecast period.

The global streaming analytics market has been segmented based on types into software and service (managed services & professional services). Professional services have been further segmented into deployment & integration, support & maintenance, and consulting services. The streaming analytics market has been segmented based on application into fraud detection, sales and marketing management, predictive asset maintenance, risk management, network management and optimization, location intelligence, operations management and others. Operations management is a leading application segment and is expected to witness a significant growth over the forecast period owing to the increasing demand for determining operations related problems in real-time and the rising requirement for streamline operations across all application industries. Furthermore, the streaming analytics market has been segmented based on deployment model and industry vertical. Telecommunications & IT is one of the fastest growing industry vertical and is anticipated to continue its dominance on account of growing demand for electronic gadgets such as smartphones and computer across the globe.

North America is a major market for streaming analytics and is projected to hold the largest market share over the coming years owing to rising technological advancement, early adoption of streaming analytics and high penetration in the region. Asia-Pacific is expected to grow at the highest CAGR over the forecast period on account of increasing technological advancements and huge growth opportunities across industry verticals particularly in China, India, and Japan.
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The major industry players include International Business Machine Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, SAS Institute, Software AG, Informatica Corporation, Tibco Software, Impetus Technologies and SQL stream.

In March 2014, Google launched BigQuery Streaming a Big-Data Analytics for real-time work and to analyze power usage data from its consumers to find potential outages within minutes
In April 2015, Microsoft launched Azure Stream Analytics (ASA), a fully operated cloud service for immediate processing of streaming data.

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