Meticulous Research®—a leading global market research company, published a research report titled, ‘Streaming Analytics Market by Offering (Platforms, Services), Deployment (Cloud, On-premise), Application (Fraud Detection, Customer Analytics, Others), Organization Size, End-use Industry (IT & Telecom, Retail, Others) & Geography - Global Forecasts to 2030.’

According to this latest publication from Meticulous Research®, the streaming analytics market is projected to reach $73.27 billion by 2030, at a CAGR of 19.7% from 2023 to 2030. The growth of the streaming analytics market is driven by the growing adoption of streaming analytics platforms to provide faster insights and actions, advanced technologies such as big data, IoT, and AI, and rising industrial automation. However, the lack of integration with legacy systems restrains the growth of this market.

Rising data connectivity through hybrid and multi-cloud environments and increasing adoption of advanced analytic tools by SMEs are expected to create market growth opportunities. However, data security & privacy issues and handling large-scale data in a decentralized environment pose significant hurdles for companies operating in the streaming analytics market.

Based on offering, the global streaming analytics market is segmented into platforms and services. In 2023, the platforms segment is expected to account for the larger share of the global streaming analytics market. The large market share of this segment is attributed to the need for processing and analysis of fast-moving live data, reduced infrastructure costs, faster insights and actions, and improved operational efficiencies. This segment is also projected to record the highest CAGR during the forecast period.

Based on deployment mode, the global streaming analytics market is segmented into on-premise deployment and cloud-based deployment. In 2023, the on-premise deployment segment is expected to account for the larger share of the global streaming analytics market. The large market share of this segment is attributed to a high preference for on-premise deployments among large enterprises, security issues associated with cloud deployments, and the availability of trained IT professionals & infrastructure. However, the cloud-based deployment segment is projected to record the highest CAGR during the forecast period.

Based on application, the global streaming analytics market is segmented into fraud detection, customer analytics, sales & marketing, predictive asset management, risk management, network management & optimization, location intelligence, supply chain management, and other applications. In 2023, the customer analytics segment is expected to account for the largest share of the global streaming analytics market. The large market share of this segment is attributed to the rising demand for improved customer satisfaction to retain customers, gain a competitive advantage, enhance customer loyalty, boost brand reputation, and overall growth of the business. However, the fraud detection segment is projected to record the highest CAGR during the forecast period.

Based on organization size, the global streaming analytics market is segmented into large enterprises and small & medium-sized enterprises (SMEs). In 2023, the large enterprises segment is expected to account for the larger share of the global streaming analytics market. The large market share of this segment is attributed to the strong IT infrastructure of large enterprises, the growing adoption of advanced technologies such as AI and blockchain, and the development of strategic IT initiatives. This segment is also projected to register the higher CAGR during the forecast period.

Based on end-use industry, the global streaming analytics market is segmented into media & entertainment, BFSI, IT & Telecom, retail, healthcare & life sciences, government, manufacturing, transportation & logistics, and energy & utilities. In 2023, the IT & Telecom segment is expected to account for the largest share of the global streaming analytics market. The large market share of this segment is attributed to the rising adoption of streaming analytics by IT and telecom companies to analyze large amounts of operational data to serve the consumer better. This includes customers’ location, application usage statistics, and other performance data to improve service delivery and personalization. However, the retail segment is projected to record the highest CAGR during the forecast period.

Based on geography, the streaming analytics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global streaming analytics market. The rising investment in technologies such as IoT, AI, Big data, rising industrial automation, and increasing disposable incomes in economies such as China, India, and Japan have emerged as the key growth drivers for this regional market. Furthermore, the continuous rollout of high-speed wireless internet networks and the focus of developing economies on improving legacy infrastructure have resulted in improved internet penetration in Asia-Pacific. The enhanced internet connectivity has enabled companies to easily deploy advanced IoT sensors and devices for process monitoring and control, which is expected to provide growth opportunities for the streaming analytics market.

Key Players:

Some of the key players operating in the streaming analytics market are IBM Corporation (U.S.), Informatica Inc. (U.S.), Microsoft Corporation (U.S.), SAP SE (Germany), Striim, Inc. (U.S.), Oracle Corporation (U.S.), SAS Institute Inc. (U.S.), SQLstream (U.S.) a subsidiary of Thales Group (France), Software AG (Germany), TIBCO Software Inc. (U.S.), Cloudera, Inc. (U.S.), Teradata Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Impetus Technologies, Inc. (U.S.), and Hewlett Packard Enterprise Company (U.S.).

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Key questions answered in the report-

Which are the high-growth market segments based on offering, deployment mode, application, organization size and end-use industry?
What was the historical market for streaming analytics?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, and opportunities in the streaming analytics market?
Who are the major players, and what shares do they hold in the streaming analytics market?
How is the competitive landscape in the streaming analytics market?
What are the recent developments in the streaming analytics market?
What are the different strategies adopted by the major players in the streaming analytics market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global streaming analytics market, and how do they compete with the other players?

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