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

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).

Growing demand for data-driven decision-making and increasing generation of real-time data from multiple industry verticals are slated to primarily augment the demand for streaming analytics in the future. Advancements in analytics technologies, growing use of connected devices, and high emphasis on improving customer experience personalization are slated to be other key factors contributing to the global streaming analytics market outlook in the future. Increasing efforts to reduce risks and prevent frauds in the BFSI industry vertical is also estimated to uplift the demand for streaming analytics solutions and services through 2031 and beyond. Growing use of cloud technologies and increasing use of artificial intelligence are also estimated to offer new business scope for streaming analytics providers going forward. On the contrary, complexity in integration with legacy systems, dearth of skilled workforce, high costs on implementation, and data privacy concerns are estimated to be key constraints for streaming analytics demand through 2031 and beyond.