Bharat Book Bureau Provides the Trending Market Research Report on “Global Streaming Analytics Market – By Component (Software and Services); By Application (Supply Chain Management, Location Intelligence, Sales & Marketing and Fraud Detection); By Deployment Mode (On-premises and Cloud-based); By End-use Industry (IT & Telecommunications, Media & Entertainment, Government, Retail, Manufacturing, Healthcare and BFSI); and Region – Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030”under Software Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Streaming Analytics Market is anticipated to exceed USD 40,128 million by 2030 from USD 9,600 million in 2019 at a CAGR of 27.99% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of evolving technologies like big data, IoT, and AI. Additionally, increasing the implementation of streaming analytics due to its advantages such as cost efficiency, ease of use, quick retrieval, reference information, and connectivity, are pushing the development of the streaming analytics market.
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Global Streaming Analytics Market: Segments
The Software segment to grow with the fastest CAGR of xx% during 2020-2030
Global streaming analytics market is segmented by Component into Software and Services. Among these, the software segment is estimated to hold the largest market share of xx% in 2019. The software generates prospects for companies to better involve with their customers and clients. It further facilitates organizations to recognize the target spectators and their choices and selections, and also acquire about customer feedback. The streaming analytics software offers improved operations, like checking, customer profiling, operation management, and demographic analysis, to enhance the ongoing strategies for customer/client involvement. Furthermore, streaming analytics software assists to improve the customer feedback and business profitability. The hustled program is being installed in retail stores, hotels, restaurants, and other packed locations with footfall logistics, customer involvement, customer feedback management, customer conduct logistics, and reliability management, among others.
Global Streaming Analytics Market: Market Dynamics
Driver: Evolving Technologies like Big Data, IoT, and AI
Consistent progress in evolving technologies, like AI, the Internet of Things (IoT), bigdata, Machine-to-Machine (M2M) communication, and cloud technology, have generated novel opportunities for the study of data acquired from streaming information. IoT devices produce a substantial amount of information from numerous sources, like sensors, cameras, and other linked devices. The information, nevertheless, does not offer any value by itself until and unless transformed into illegal, related data. Big data and data conception techniques facilitate users to achieve novel visions through batch processing and offline investigation.
Restraint: Lack of Integration of Legacy Systems with Streaming Analytics Solutions
Competitive burdens and new guidelines involve companies to manage rising capacities and variabilities of data effectively, which is a costly procedure. Thus, loading, analyzing, and retrieving information is a rising issue for companies while adopting streaming analytics. The growing needs of big data surpass the restraints of conventional relational databases, and therefore for most companies, computing legacy structure and measuring modern technology has turned out to be a necessity, not only to earn competitive benefit but also for compliance reasons.
Global Streaming Analytics Market: Regions
North America to surge at the highest CAGR of xx% during 2020-2030
Region-wise, the market for streaming analytics across the globe is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, North America is witnessed to constitute xx% of the total market share in the year 2019. Companies are progressively turning out to be customer-centric, thus resulting in a greater implementation of streaming analytics software and services, and the rising implementation of digital business tactics are the key aspects that are estimated to push the implementation of streaming analytics in North America. Moreover, the industries are implementing innovative analytics software and services at diverse levels as a part of their tactics to withstand in the market and attain enhanced business functioning.
Global Streaming Analytics Market: Key Players
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
• Vitria Technology
• Impetus Technologies
• SAS Institute
The market report on global streaming analytics also contains the following in-depth analysis:
• Streaming Analytics Market Segments:
- By Component
- By Application
- Supply Chain Management
- Location Intelligence
- Sales & Marketing
- Fraud Detection
- By Deployment Mode
- By End-use Industries
- IT & Telecommunications
- Media & Entertainment
- By Region
- North America
- Latin America
- Middle East & Africa
- Asia Pacific
• Streaming Analytics Market Dynamics
• Streaming Analytics Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
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