Streaming Analytics Market is estimated to grow at a CAGR of 24.6% during forecast period and projected to reach USD 40 Billion by 2026. GMI Research anticipates that the global streaming analytics market will generate lucrative growth during the forecast period. The increasing demand for progressive solutions to capture real-time events to make the right decision and the growing adoption of cutting-edge technologies like Big data, IoT, and AI boost the streaming analytics market size.
Introduction of the Streaming Analytics Market
Streaming Analytics refers to real-time analytics. It is a kind of data analysis that allows enterprises to secure real-time calculations on data streaming from any device, application, sensors, website, audio, video, text, and others. In addition, to enhance working efficiency and detect fraud in real-time, companies are using streaming analytics to manage their high-volume data. Hence, streaming analytics can handle high events throughout up to 1 GB/sec by protecting data loss through its inherent features. Furthermore, streaming analytics has various functions such as engaging customers, real-time patient monitoring systems, network monitoring, algorithm trading, intelligence, surveillance, etc.
Key Players of the Market
Streaming Analytics Market Dynamics
The significant factors stimulating the growth of the streaming analytics market during the forecast period are the rapid adoption of advanced technologies like Big Data, AI, and IoT and the rising demand for high-tech solutions to capture real-time events to make real-time decisions. For example, an AI specialized company Oracle acquired Datafox provided an AI-based engine to search and locate the latest information. Furthermore, as per the streaming analytics market forecast, the demands of streaming analytics increased due to the constant adoption of IoT in all the sectors such as retail, IT, manufacturing, BFSI, and others, as increased data generation volume results in high fraud crimes. Likewise, according to the National Retail Federation, the pre-planned retail crime charges retailers around $777,877 per 1billion dollar in sales. However, according to the streaming analytics market report, the crucial aspects that restrain the market growth during the forecast period are, data privacy, data safety, and less knowledge of streaming analytics.
Global Streaming Analytics Market Segmentation
Segmentation By Component
Segmentation By Deployment
Segmentation By Application
Segmentation By Vertical
Segmentation by Region
Introduction of GMI Research
GMI Research is a global leader in marketing research and consulting services that give an in-depth analysis of profiles of key market players and offer a competitive landscape. We give business-related solutions, ensuring our clients make beneficial investment decisions and boost revenue. We provide accurate research reports and other consulting services based on insight facts that allow our clients to succeed by defeating the competitors.