Streaming Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Streaming Analytics Market
The Streaming Analytics market size was valued at USD 22.34 billion in 2023, and the market is now projected to grow from USD 27.84 billion in 2024 to USD 185.08 billion by 2032, exhibiting a CAGR of 26.7% during the forecast period of 2024-2032.
The COVID-19 pandemic created heightened need for these analytics because companies had to adjust quickly to abrupt shifts in circumstances and this analytics were largely applied in areas such as health, online trade, and entertainment Streaming Analytics market growth.
The growth of the Streaming Analytics Market share is being fueled by a move towards detailed projections, analysis according to immediate need, improved efficiency and quick response among businesses that rely on data. As a result of this, modern streaming analytics solutions that are more advanced are getting embraced due to the need for immediate insights.
There are vastly different types of data produced by customers and businesses. To improve customer relations, ensure efficiency in running operations on business processes and identify new chances as well as take advantageous risks, one must understand these data in their context. As opposed to static data handled by traditional tools, state of art tools in business analysis extract value from running streams of real-time information facilitating better decision-making and innovation.
Comprehensive Streaming Analytics Market
The Streaming Analytics market is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Component Analysis, by Enterprise Type Analysis, by Deployment Analysis, by Application Analysis, by Industry Analysis. The Component Analysis includes software and managed services. The Enterprise Type Analysis includes large enterprises and small & medium enterprises. The Deployment Analysis includes cloud-based and on-premise. The Application Analysis includes sales & marketing, supply chain management, predictive asset management, fraud detection, risk management, and others. The Industry Analysis includes BFSI, IT & telecom, healthcare, retail & e-commerce, media & entertainment, energy & utilities, manufacturing, and others.
The North America region leads the Streaming Analytics market by benefitting a market size of USD 4.33 billion in 2023 due to the increasing adoption of IoT devices.
The top players in the market play a crucial role in the Information & Communication Technology industry assuring industrial prospectus development and setting market standards. These players include, Google (U.S.), Microsoft Corporation (U.S.), StreamSets (U.S.), Software AG (Germany), Confluent (U.S.), Cloud Software Group, Inc. (U.S.), AWS (U.S.), IBM Corporation (U.S.), Impetus (U.S.), Informatica (France) these market players provide a competitive landscape.
In January 2024:, MIRAI has been introduced by Streams Charts live-streaming analytics platform to run influencer advertising as well as marketing. All these include consulting services among others from the latter that also conducts the creator partner program; provides end-to-end campaign management besides market insights analysis.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 26.7% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Component
Software
Managed Services
By Enterprise Type
Large Enterprises
Small & Medium Enterprises
By Deployment
Cloud-based
On-premises
By Application
Supply Chain Management
Sales & Marketing
Fraud Detection
Predictive Asset Management
Risk Management
Others (Location Intelligence, Network Management and Optimization)
By Industry
BFSI
IT & Telecom
Healthcare
Retail & Ecommerce
Media & Entertainment
Energy & Utilities
Manufacturing
Others (Government)
By Region
North America (By Component, Enterprise Type, Deployment, Application, Industry and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
South America (By Component, Enterprise Type, Deployment, Application, Industry and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Europe (By Component, Enterprise Type, Deployment, Application, Industry and Country)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Benelux (By Application)
- Nordics (By Application)
- Rest of Europe
Middle East & Africa (By Component, Enterprise Type, Deployment, Application, Industry and Country)
- Turkey (By Application)
- Israel (By Application)
- GCC (By Application)
- South Africa (By Application)
- North Africa (By Application)
- Rest of the Middle East & Africa
Asia Pacific (By Component, Enterprise Type, Deployment, Application, Industry and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- ASEAN (By Application)
- Oceania (By Application)
- Rest of Asia Pacific
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