Streaming Analytics Market Size to Reach USD 82.59 Billion in 2028 | Increasing Need for 360-Degree View of Customers and Rising Need for Solutions for Predictive Maintenance are Key Factors Driving Industry Demand, says Emergen Research
VANCOUVER, B.C., Nov. 30, 2021 /PRNewswire/ -- The global streaming analytics market size reached USD 12.32 Billion in 2020 and is expected to register a CAGR of 27.1% during the forecast period, according to latest analysis by Emergen Research. Increasing need for 360-degree view of customers is one of the key factors expected to drive global streaming analytics market revenue growth during the forecast period. Increasing need for solutions for predictive maintenance is expected to propel global streaming analytics market revenue growth going ahead. Increasing application of streaming analytics to improve operational efficiencies is expected to further boost global streaming analytics market growth over the forecast period.
However, concerns regarding handling large volumes of data in a decentralized setting is expected to hamper global streaming analytics market growth to some extent during the forecast period.
Increasing need for services such as implementation and support due to rising deployment of streaming analytics solutions is driving revenue growth of the service segment, which is expected to register a significantly rapid CAGR over the forecast period.
The fraud detection & risk management segment is expected to register significant revenue growth over the forecast period due to increasing use of streaming analytics to reduce, evaluate, foresee, and regulate the possibility or effect of unpredictable scenarios.
The media & entertainment segment is expected to register significant growth in terms of revenue share during the forecast period due to increasing consumer preference for obtaining multimedia content via OTT applications on mobile phones and tablets.
Asia Pacific is expected to register fastest revenue growth rate during the forecast period due to increasing mobile and tablet sales, rising adoption of connected devices, and increasing disposable income in countries in the region.
Key players in the market include Oracle Corporation, International Business Machines Corporation, Software AG, Intel Corporation, Microsoft Corporation, TIBCO Software Inc., SQLstream, Inc., Informatica LLC, WebAction, Inc. (Striim), and SAS Institute Inc.
In February 2019, AllSight Inc. acquired by Informatica LLC. This acquisition will expand business-user engagement for Informatica's intelligent data platform, powered by CLAIRE Engine, to deliver implementable advanced analytics, which drive long-term customer relationships.
Regional Outlook (Revenue, USD Billion; 2018–2028)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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