GMI Research contemplates that the growing trend of streaming analytics influences the stimulation of the global streaming analytics market due to the increasing fraud crimes on the global level and for capturing the real-time issues for the right decision.
Introduction of the Streaming Analytics
Streaming Analytics is also called real-time analytics, enables the organization to capture real-time events on data streaming with the help of any device, applications, sensors, audio, website, text, video, and others. Therefore, with the help of streaming analytics, companies are generating a large amount of data constantly to identify fraud detection in real-time and enhance operational efficiency. Streaming analytics can manage high event throughputs up to 1 GB/sec and restrict data loss by in-built features. Streaming analytics help to retain customers, real-time patient monitoring systems, algorithm trading, intelligence, network monitoring, surveillance, etc.
Key Players of the Market
Streaming Analytics Market Dynamics
The prominent factors responsible for the growth of the streaming analytics market are the growing demand for the latest solution for capturing real-time data to make real-time decisions, rising penetration of progressive technologies like Big Data, AI, and IoT. For example, Datafox, an AI specialized company acquired by Oracle, offered an AI-based engine to find and locate the latest information.
Furthermore, as per the Streaming Analytics Market Report, digitalization has raised the volume of data generation that increases the fraud crimes, and the growing acceptance of IoT in all sectors like IT, manufacturing, retail, and BFSI will further augment the streaming analytics market size. For example, as per the National Retail Federation, a preplanned retail crime costs retailers approximately $777,877 per 1billion dollar in sales. However, as per the Streaming Analytics Market Forecast, less knowledge about streaming analytics and data protection and privacy matters restrains the market growth over the forecast period.
Streaming Analytics Market Segmentation
Market Segmentation by Component
Market Segmentation by Deployment
Market Segmentation by Application
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Market Segmentation by Region
Rest of World
About GMI Research
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