Streaming Analytics Market 2019 Size, Industry Growth, Share, Opportunities, Emerging Technologies, Competitive Landscape, Future Plans and Global Trends by Forecast 2023
Streaming Analytics Market, By Component (Software, Service), By Service (Professional Service, Managed Service)
(firmenpresse) - Market Highlights
Market Research Future (MRFR), in its latest report on the streaming analytics market, states that the market can attain a valuation of about USD 16 Bn by 2023 at 33% CAGR from 2017 to 2023. The streaming analytics market surge due to the presence of numerous advanced analytics tools developers for small and big enterprises can propel the global market growth. MRFR states that the streaming analytics market can generate substantial revenue. The need for better business efficiency and high productivity are prompting the adoption of BI analytics. This can generate numerous growth opportunities across industrial verticals that can boost the market expansion.
Drivers and Restraints
The significant growth of the global streaming analytics market is primarily driven by the increasing demand for real-time data analytics and improved consumer engagement, which is consequently encouraging the higher demand for data analytics solutions. The extensive applications of streaming analytics various industry verticals for algorithmic trading, intelligence and surveillance, real-time patient monitoring systems, supply chain optimization, among others, is also expected to fuel market growth.
On the other hand, the growing concerns associated with data security and privacy, along with the low returns on investments are the hindering factors of the market over the forecast period.
Segmentation:
The study of the streaming analytics market based on components, application, deployment, organization size, and vertical. The component-based segments of the streaming analytics market are software and service. The service segment consists of professional and managed service. The high demand for managed services for proactive management of IT assets can bolster the expansion of the streaming analytics market. The proactive delivery of services offered by managed services can bolster the expansion of the streaming analytics market. The high volume of data in IT sector demand for effective solutions to data handling. Thus, the high rate of adoption of managed services of streaming analytics can impel market expansion. Digital information, need for better security, and increase in the trend of BYOD (bring your own device), need for flexibility to match customized requirements, and constant surge in the dependency over heterogeneous networks are factors that are expected to prompt the managed service segment of the streaming analytics market. In addition, the need for simplifying the mounting complexities via technological solutions is also expected to promote the growth of the market.
The deployment-based segments of the streaming analytics market are on-premise and cloud. The cloud solution is expected to garner the lion’s share of the global market. The need for minimizing cost related to IT infrastructure is prompting the adoption of cloud solution. As enterprises focus on core business competencies, the global streaming analytics market is expected to attain high valuation. The need for data security and protection, high efficiency of for manage storage, resolution of privacy issues, and need for data integrity can bolster the cloud analytics market. Cloud-based streaming analytics can provide information associated with the management and coordination of business activities that can help to surge the overall business productivity.
Key Players
MRFR profiled some prominent names in the streaming analytics market. They are; Microsoft Corporation (U.S.), Apache Software Foundation (U.S.), SAP SE (Germany), Datatorrent (U.S.), Informatica Corporation (U.S.), Oracle Corporation (U.S.), Software Ag (Germany), Impetus Technologies (U.S.), Tibco Software (U.S.), SQLstream (U.S.), and others.
Regional Analysis
North America streaming analytics market surge can be attributed to the growing adoption of cloud solutions by companies to improve information for better governance across organizations. Europe streaming analytics market can attain lucrative valuation. Asia Pacific streaming analytics market expected to be the fastest growing market. The continuous investing into research and development undertakings concerning streaming analytics market and ongoing analytics trends can attract more users, which can drive the regional streaming analytics market. The expansion of the IT landscape can boost the streaming analytics market. Developing countries, such as India, are opting streaming analytics tools at a wide-scale. The high amount of online data generated across numerous industries is giving rise to the need for designed streaming that can store data for efficient management of business. Thus the regional streaming analytics market can surge.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/streaming-analytics-market-4409
Unternehmensinformation / Kurzprofil:
Datum: 05.11.2020 - 09:48 Uhr
Sprache: Deutsch
News-ID 622275
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