Meticulous Research®—a global leader in market research, has released an in-depth report titled, ‘Streaming Analytics Market by Offering (Platforms, Services), Deployment Mode (Cloud, On-premise), Application (Fraud Detection, Customer Analytics, Others), Organization Size, Sector (IT & Telecom, Retail, BFSI, Others) & Geography - Forecasts to 2030’. This report offers a detailed analysis of the streaming analytics market, including forecasts and key trends up to 2030.

The streaming analytics market is projected to reach $73.27 billion by 2030, growing at a CAGR of 19.7% from 2023 to 2030. The growth is driven by the increasing adoption of streaming analytics platforms for real-time insights and industrial automation. Despite this growth, challenges related to integrating these solutions with legacy systems pose significant hurdles.

Opportunities for market growth include advancements in data integration and high event stream analytics capabilities. Challenges such as data security and privacy concerns, as well as complex infrastructure requirements, need to be addressed. The rise of cloud-based streaming analytics platforms is a key trend influencing the market.

The market is segmented into platforms and services. Platforms are expected to hold a larger share in 2023 due to their effectiveness in processing and analyzing real-time data. This segment is also projected to grow at a higher CAGR, driven by the demand for real-time analytics.

Deployment modes include on-premise and cloud-based solutions. On-premise deployments are expected to dominate in 2023, favored by large enterprises for their security and control. Cloud-based deployments are anticipated to grow at a faster rate due to their scalability and cost advantages.

Applications of streaming analytics include fraud detection, customer analytics, and other areas. The customer analytics segment is expected to lead in market share in 2023, driven by the need for improved customer engagement and satisfaction. The fraud detection segment is projected to grow at the highest CAGR due to rising cybersecurity threats.

By organization size, large enterprises are expected to dominate the market in 2023 due to their extensive IT infrastructure and financial resources. This segment’s growth is supported by investments in advanced technologies and strategic IT initiatives.

In sectoral analysis, the IT and telecom industry is expected to lead the market in 2023. The retail sector is projected to grow at the highest CAGR, driven by the increasing need for real-time analytics to manage inventory and customer relations.

Geographically, Asia-Pacific is anticipated to lead the streaming analytics market in 2023. The region’s growth is driven by increasing digitization, rising consumer IoT adoption, and improved internet infrastructure. Enhanced connectivity and infrastructure development further support market growth in Asia-Pacific.

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 sector?
• 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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