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Streaming Analytics Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 209

Status: Upcoming

Report Code: EMR100276

Numerous organizations across the globe are focused on producing outsized amounts of data in a myriad type of format. In the past decade, organizations were involved in storing and capturing data and used it in order to distillatet insights from the database in the time of needs. Currently, various organizations are focusing on extracting the benefits of real time data analytics and have thus started to adopt streaming analytics rapidly in their overall operations. Streaming analytics aids the organizations in creating increasing revenues by increasing the total efficiency of operation and by cutting down the preventable losses. The Streaming analytics find numerous customer engagement applications in real-time marketing, , real-time patient monitoring system, supply chain optimization, algorithmic trading & procurement, intelligence and surveillance, vehicle tracking, network monitoring and IT ,oil & gas operations management ,route monitoring real time call center analysis and other array of applications. Streaming analytics is known as a fully managed, well-organized and affordable processing engine which can help in feasible processing of real time events efficiently and effectively. The streaming analytical engine helps in extracting key insights from an array of data and information easily and conveniently. Despite setting up analytical computations on streaming from applications, websites and more, streaming analytics is efficiently capable of managing other high events as well.

Growing demand for advanced technological solutions in order to procure real time decisions on various and dynamic business events is expected to be one of the key factors driving the employment of streaming analytics in large enterprises across the globe. In addition to this, increasing adoption of internet of thing in various verticals is another key aspect which is anticipated to boost the overall demand for data streaming solutions which is another major factor anticipated to drive the market over the forecast period. However, factors such as privacy concerns and data security are expected to restrain the growth of streaming analytics market. In addition, less return on investments is anticipated to hamper the overall growth of the global streaming analytics market over the forecast period.

The global streaming analytics market can be segmented on the basis of type, application, deployment model, industry vertical and region. On the basis of type, the global streaming analytics market can be segmented into software and service (professional services and managed services). On the basis of application, the global streaming analytics market can be segmented into fraud detection, sales and marketing management, predictive assist management, risk management, network management and optimization, location intelligence, operations management and other applications. By deployment model, the global streaming analytics market can be segmented into on-premises and on-demand. On the basis of industry vertical, the global streaming analytics market can be segmented into BFSI, telecommunication & IT, retail & e-commerce, healthcare & life sciences, manufacturing, government & defense, energy & utilities, transportation & logistics, media & entertainment and others. On the basis of region, the global streaming analytics market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The markets in various other developing economies such as Russia, Brazil, Indonesia, Argentina , Poland, New Zealand, Korea and India among others are also anticipated to witness a rapid growth throughout the forecast period.

Key players operating in the global streaming analytics market are focusing on some of th major markets strategies such as partnerships,mergers,collaborations and acquisitions in order to keep hold in the ever competitive global streaming analytics market.However ,they are focusing on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global streaming analytics marketSome of the major players involved in the global streaming analytics market include IBM Corporation,Tibco Software Inc., Oracle Corporation,Microsoft Corporation,Vitria Technology Inc., Software AG,Sqlstream Incorporated,SAP SEand SAS Institute Inc. among others.

The global streaming analytics market can be segmented
By Type:
• Software
• service (professional services and managed services)
By Application:
• Fraud detection
• Sales and marketing management
• Predictive assist management
• Risk management
• Network management and optimization
• Location intelligence
• Operations management
• Other applications

By Deployment Model:
• On-premises
• On-demand

By Industry Vertical:
• Telecommunication & IT
• Retail & e-commerce
• Healthcare & life sciences
• Manufacturing
• Government & defense
• Energy & utilities
• Transportation & logistics
• Media & entertainment
• Others

By Region:
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

The Leading Key Players in Streaming Analytics Market

IBM Corporation
Tibco Software Inc.
Oracle Corporation
Microsoft Corporation
Vitria Technology Inc.
Software AG
Sqlstream Incorporated
SAP SESAS Institute Inc.