Global Streaming Analytics Market

Streaming Analytics Market Size, Share, Growth Analysis, By Component, By Enterprise, By Deployment, By Application, By Industry, By Region - Industry Forecast 2025-2032


Report ID: SQMIG45B2175 | Region: Global | Published Date: December, 2024
Pages: 184 | Tables: 123 | Figures: 66

Streaming Analytics Market Dynamics

Streaming Analytics Market Drivers

Increase in Real-time Data Generation

  • Rapidly increasing use of advanced IoT devices and connected devices has led to a major upsurge in real-time data generation around the world. Streaming analytics helps organizations to process real-time data to help identify customer behavior, system health, and market trends thereby also promoting streaming analytics market growth as well.

High Emphasis on Customer Experience Personalization

  • Streaming analytics providers can help companies achieve better customer personalization through the analysis of real-time data. Increasing efforts of multiple organizations to improve customer experience has led to high adoption of customer experience personalization, which in turn, is estimated to create new business scope for streaming analytics providers.

Streaming Analytics Market Restraints

Complexity in Integration

  • Many organizations are still using legacy systems for their operations, however, these systems are not designed to handle real-time data generation. Which is why integrating streaming analytics with such legacy systems becomes a highly complex and resource-intensive task thereby slowing down the demand for streaming analytics going forward.

Dearth of Skilled Professionals

  • Streaming analytics is highly complex and requires professionals skilled in data engineering, real-time data processing, and machine learning technologies. However, there is a major shortage of such skilled professionals around the world, which is estimated to impede the adoption of streaming analytics solutions and services in the long run.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Streaming Analytics Market size was valued at USD 16.5 billion in 2022 and is poised to grow from USD 22.7 billion in 2023 to USD 158.5 billion by 2031, growing at a CAGR of 27.5% during the forecast period (2024-2031).

Streaming analytics companies should focus on developing advanced software and solutions catering to different industry applications. Creating simple and easy to use streaming analytics solutions is expected to be a key area of interest for companies as the lack of skilled workforce worsens. Launching new streaming analytics solutions and integrating advanced technologies to provide better features are also popular strategies among streaming analytics companies as per this streaming analytics market analysis. 'Microsoft (United States) ', 'Google (United States) ', 'Amazon Web Services (AWS) (United States) ', 'IBM (United States) ', 'Oracle (United States) ', 'SAP (Germany) ', 'Cloudera (United States) ', 'Informatica (United States) ', 'TIBCO Software (United States) ', 'Software AG (Germany) ', 'Apache Software Foundation (United States) ', 'Confluent (United States) ', 'StreamSets (United States) ', 'Altair (United States) ', 'Hazelcast (United States) ', 'Talend (United States) ', 'Databricks (United States) ', 'Qlik (United States) ', 'Sisense (United States) ', 'Looker (United States)'

Rapidly increasing use of advanced IoT devices and connected devices has led to a major upsurge in real-time data generation around the world. Streaming analytics helps organizations to process real-time data to help identify customer behavior, system health, and market trends thereby also promoting streaming analytics market growth as well.

Use in Retail & e-Commerce Industry: Streaming analytics companies should focus on providing their services and solutions in the retail and e-commerce industry going forward. Demand for personalization and hyper-personalization in this industry vertical is estimated to make this a key streaming analytics market for all companies looking to secure their revenue share in the long run.

North America is anticipated to account for a substantial share of the global streaming analytics market. High real-time data generation, presence of a strong technological infrastructure, and high use of data-driven decision-making are some key factors that aid the dominance of North America on a global level. Canada and the United States are forecasted to be the top revenue-generating countries for streaming analytics providers operating in this region. The presence of multiple streaming analytics providers and tech giants such as Amazon, Facebook, and Google are also expected to contribute to the high share of this region over the coming years.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Streaming Analytics Market

Report ID: SQMIG45B2175

$5,300
BUY NOW GET FREE SAMPLE