DALLAS, June 1, 2015 /PRNewswire/ --
According to a new market research report "Streaming Analytics Market by Verticals (BFSI, Retail & eCommerce, Telecommunications & IT, Energy & Utilities, Government & Defense, Healthcare & Life Sciences, Manufacturing, Transportation & Logistics, Outsourcing Services, and Other verticals) - Worldwide Market Forecast & Analysis (2015 - 2020) ", published by MarketsandMarkets, Streaming Analytics Market is estimated to grow from $502.1 Million in 2015 to $1,955.7 Million in 2020, at a CAGR of 31.3% during the forecast period.
Browse 75 market data Tables and 54 Figures spread through 160 Pages and in-depth TOC on "Streaming Analytics Market"
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MarketsandMarkets broadly segments the Streaming Analytics Market in verticals including Banking, Financial Services and Insurance (BFSI), retail and e-commerce, telecommunications and IT, energy and utilities, transportation and logistics, government and defense, manufacturing, healthcare and life sciences, and outsourcing services. Each of these verticals have been segmented into various applications of streaming analytics such as algorithmic trading, real-time marketing and customer engagement, intelligence and surveillance, real-time patient monitoring system, supply chain optimization and procurement, IT and network monitoring, oil & gas operations management, vehicle tracking and route monitoring, real-time call center analysis, and other applications. The overall Streaming Analytics Market has been segmented into regions including North America, Europe (EU), Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
The market report defines and segments the Streaming Analytics Market into various sub-segments with an in-depth analysis and market size estimation. The report also identifies the factors driving this market, the restraints, opportunities, and challenges impacting it along with the technology roadmap and adoption trends. The report also emphasizes on key adoption trends, evolution of streaming analytics, future opportunities, and business cases in this innovative market.
The major force driving this market is the increasing adoption of Internet of Things (IoT) around the globe and across verticals. The increasing demand for quick action on dynamic business events has led to the increasing adoption of streaming analytics by enterprises and small and medium businesses (SMBs) around the world. As real-time insights create value for businesses, streaming analytics help organizations in cutting preventable losses, generating more revenue by increasing operational efficiency, and creating new opportunities. These factors have resulted in an increasing demand for streaming analytics to analyze critical business situations as soon as they occur.
Companies such as IBM (U.S.), Tibco Software (U.S.), Software AG (Germany), Oracle (U.S.), and Informatica Corporation (U.S.) are some of the active key players in the market. These players are consolidating their grounds in the highly competitive market through new product developments to build feature-rich solutions and attain better market visibility. Companies in this market are building up strategic partnerships to combine individual offerings into a multi-faceted solution suite for the expanding customer base.
There are various assumptions that have been taken into consideration for the market forecast and analysis. Few of global assumptions include political, economic, social, technological and economic factors; for example, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
MarketsandMarkets forecasts the Streaming Analytics Market to grow from $502.1 Million in 2015 to $1,955.7 Million in 2020, at a CAGR of 31.3% during the forecast period. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) is expected to experience increased market traction, during the forecast period.
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