Global Streaming Analytics Market

Streaming Analytics Market Size, Share, Growth Analysis, By Component (Software, Services), By Deployment (Hosted, On-premises), By Application (Fraud Detection, Marketing & Sales), By Region -Industry Forecast 2024-2031

Report ID: SQMIG45B2155 | Region: Global | Published Date: November, 2024
Pages: 184 | Tables: 123 | Figures: 66

Streaming Analytics Market News

  • In May 2024, Microsoft, a leading technology giant from the United States announced the addition of a new Real-Time Intelligence workload feature to its Fabric data analytics platform. The new addition helps enterprises analyze and generate actionable insights from their real-time data streams.
  • In May 2024, Oracle, a leading American technology organization announced the addition of new features to its GoldenGate Stream Analytics platform. Oracle’s streaming analytics platform now offers support for Spark 3.5 and Kafka 3.7 stream processing platforms and selection of new collections during project import process.
  • In October 2022, RisingWave Labs, a new company in the data stream processing business announced that it had raised USD 36 million in a Series A funding round. Yunqi Partners led this round and the company intended to use these funds to launch a new cloud-based data stream processing offering.
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FAQs

The global streaming analytics market size was valued at USD 16.78 Billion in 2022 and is poised to grow from USD 23.4 billion in 2023 to USD 171.8 billion by 2031, growing at a CAGR of 28.3% 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. 'IBM', 'Informatica Inc.', 'Microsoft', 'SAP SE', 'Striim', 'Oracle', 'SAS Institute Inc.', 'Software AG', 'Cloud Software Group, Inc.'

Increase in Real-time Data Generation

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.

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Global Streaming Analytics Market

Report ID: SQMIG45B2155

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